Category: Business

  • Nationwide drug scarcity disaster hits Covid vaccine rollout

    Nationwide drug scarcity disaster hits Covid vaccine rollout

    Nurse Laura Bailey draws the Moderna vaccine from the first batch of Moderna’s vaccine at Hartford hospital in Hartford, Connecticut on December 21, 2020. Joseph Prezioso | AFP | Getty Images When Covid-19 patients started filling up intensive care units at East Coast hospitals last spring, shortages of protective masks, gloves and gowns for front-line…

  • The WHO warns of recent coronavirus variants which can be fueling a “second wave” in Africa

    The WHO warns of recent coronavirus variants which can be fueling a “second wave” in Africa

    Funeral directors wearing personal protective equipment carry a coffin during the funeral of a COVID-19 victim amid a coronavirus disease (COVID-19) nationwide lockdown at Olifantsvlei Cemetery, southwest of Joburg, South Africa, on Jan. 6, 2021. Siphiwe Sibeko | Reuters According to the World Health Organization, new and more contagious variants of Covid-19 are spreading across…

  • Thailand’s finance minister on vaccine introduction and tourism restoration

    Thailand’s finance minister on vaccine introduction and tourism restoration

    SINGAPORE – Thailand will receive its first batch of vaccines next month and plans to produce its own vaccines, according to finance minister. Initially, about 100,000 cans will arrive, Arkhom Termpittayapaisith told CNBC’s “Squawk Box Asia” on Friday. “The first vaccines will be coming to Thailand next month, the first lot,” he said, adding that…

  • GOP Sen. says the impeachment trial in opposition to Trump might set a harmful precedent

    GOP Sen. says the impeachment trial in opposition to Trump might set a harmful precedent

    Ohio Republican Senator Rob Portman told CNBC why he had joined 44 other Republicans to deny the constitutionality of the charges against former President Donald Trump. “I think the constitutional question needs to be addressed and not tabled and not put aside, and as a juror I will listen to both sides, but we have…

  • New Covid variants will “hit us fairly exhausting,” says Dr. Peter Hotez

    New Covid variants will “hit us fairly exhausting,” says Dr.  Peter Hotez

    Dr. Peter Hotez, co-director of the Center for Vaccine Development at Texas Children’s Hospital, says the US is “facing a tough journey” as new variants of Covid spread across the country. “Because they are more transmissible, it means more Americans will be infected. Although the number of new cases has decreased slightly … the expectation…

  • Altria mentioned cigarette business shipments flattened in 2020

    Altria mentioned cigarette business shipments flattened in 2020

    Marlboro cigarettes, a product of Philip Morris International Daniel Acker | Bloomberg | Getty Images After years of accelerating smoking decline, tobacco giant Altria announced a trend reversal as U.S. cigarette volumes remained unchanged year over year across the industry. However, the company declined to predict how things would play out in 2021, as it…

  • GameStop’s volatility could be the start

    GameStop’s volatility could be the start

    Trading with GameStop has reached feverish levels and is showing little sign of a break. Despite falling in price during Thursday’s session after multiple brokers restricted buying and selling, the stock is up 500% in a week. This may just be the beginning of a new wave for Wall Street. “People say ‘Screw Wall Street,’”…

  • South Carolina discovers the primary identified US case

    South Carolina discovers the primary identified US case

    Health care workers at the Medical University of South Carolina will conduct free Covid-19 tests at a location in a parking lot between Edmund’s Oast and Butcher & Bee restaurants in Charleston, South Carolina, USA on Wednesday, January 13, 2021. Micah Green | Bloomberg | Getty Images The first US Covid-19 cases of a new,…

  • American Airways is up 25% after better-than-expected earnings, pushing quick sellers

    American Airways is up 25% after better-than-expected earnings, pushing quick sellers

    An American Airlines Airbus A321-200 aircraft takes off at Los Angeles International Airport (LAX) in Los Angeles, California. Mike Blake | Reuters American Airlines shares rose more than 25% Thursday after posting less-than-expected losses and higher sales than analysts forecast. Analysts were quick to say the move was not based on the state of American…

  • McDonald’s (MCD) This fall 2020 earnings

    McDonald’s (MCD) This fall 2020 earnings

    People wear protective face masks outside McDonald’s in Times Square as the city resumes Phase 4 reopening after restrictions were imposed in New York City on September 18, 2020 to slow the spread of the coronavirus. Noam Galai | Getty Images McDonald’s is expected to report its fourth quarter earnings before the bell on Thursday.…