Tag Archives: Omicron

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, February 3, 2022 Omicron wave retreats, leaving wreckage in its wake Like a strong tide that crashes into a beach shore before it washes back out to sea, the Omicron variant of COVID-19 — which has spent months buffeting the global economy — is mercifully in retreat. But it’s leaving some debris in its wake. On Wednesday, we learned… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, January 21, 2021 Coffee giant rips off the band-aid, clearing a path for others There was no shortage of market-moving headlines in Thursday’s session: Netflix’s subscriber growth outlook let down investors, while battered tech stocks struggled to claw their way out of correction territory. And Peloton shocked the world (and its… Source link

Omicron, the latest variant of COVID-19, has hit certain sectors of the economy hard, causing labor shortages and child care issues and making some Americans wary again of dining out. But in a new interview with Yahoo Finance this week, Commerce Secretary Gina Raimondo offered hopeful news from business leaders she’s spoken with recently amid all of this uncertainty. “They see [the problem] as short term,” said Raimondo, who sat down in Washington, DC for an upcoming episode of Influencers… Source link

U.S. restaurants hoping to stay afloat during the pandemic have seen a “massive slow down” in dining as the Omicron variant and chilly temperatures cause another wave of disruption for the hospitality industry. “We are being forced into situations where we don’t have enough staff to open the restaurants, we’re seeing a slowdown,” Gabe Stulman, founder and CEO of Happy Cooking Hospitality, a restaurant group in New York, told Yahoo Finance Live on Friday. Citing a litany of reasons Source link

U.S. markets have largely shaken off Omicron fears, witnessed by the pop in cruise line stocks Thursday despite a general market sell-off. But surging COVID-19 infections in China, beyond the early pandemic peak, are leading one strategist to warn of an underpriced risk to inflation that could weigh on stocks. At a recent Yahoo Finance Plus webinar, Bianco Research President Jim Bianco argued that China’s zero tolerance COVID policy could lead to a nationwide shutdown — causing economic… Source link

It’s been a rough two years for the cruise industry, where fortunes have taken another downturn with the appearance of the Omicron variant of COVID-19, and in the wake of a recent recommendation by the Centers for Disease Control and Prevention to avoid leisure travel on the high seas.  With new infections showing no sign of relenting anytime soon, the CDC has said cruises should be avoided, regardless of vaccination status. The CDC increased the travel warning for ships to level 4 — the… Source link

A deadline for COVID-era recovery loans lapsed on Friday, with questions lingering about how much funding is available to help backstop small businesses hunkering down as the Omicron variant surges across the economy.   Small business owners had until Friday to apply for the regular Economic Injury Disaster Loan (EIDL) and the Targeted EIDL Advance program. However, the Small Business Association (SBA) didn’t clarify how much remains in those funds. A representative told Yahoo Finance the… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, December 29, 2021 Mandates have curbed almost everything except COVID-19 cases  Someone has to say it, and I derive no pleasure from doing so. But here goes: The Omicron wave is exposing the limits of COVID-19 restrictions, which are clearly failing. These include ferociously debated vaccine passports and masking policies that have done… Source link

Major indexes are poised to end the year boosted by the “Santa Claus Rally” effect, as the market shrugs off concerns associated with surging COVID-19 case numbers across the U.S. and the world. But according to NJ-based financial services firm Hennon & Walsh, the Omicron variant remains among the top uncertainties in the market heading into the new year, regardless of whether investors are currently interpreting it as such.  “The two biggest uncertainties for investors right now clearly… Source link

COVID-19 is once again unsettling the public, causing restaurant workers and proprietors to invoke the same dreaded thought: “here we go again.” As the Omicron variant takes a toll on holiday gatherings, restaurant booking have seen a sharp decline, according to data from OpenTable. Restauranteur and tech innovator Bo Peabody — who serves as co-owner of New York-based Mezze Restaurant Group, and a board member of the Boqueria Restaurant Group — told Yahoo Finance Live that for New York,… Source link