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October 25, 2021

U.S. Economy

Harvard professors warn that war-torn countries will miss global vaccine goals in 2022

CNBC
CNBC – For more and to sign up click here Taliban members gather and make speeches in front of Herat governorate after the completion of the U.S. withdrawal from Afghanistan, in Herat, Afghanistan on August 31, 2021. Mir Ahmad Firooz Mashoof | Anadolu Agency | Getty Images War-torn countries will......

Dread going back to the office? Therapists share tips on how to readjust

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CNBC – For more and to sign up click here Luis Alvarez | DigitalVision | Getty Images After some 18 months of remote work, more and more companies are bringing their employees back into the office. Many workers have mixed and complicated feelings about the change. “Returning back to the......

Moderna says its Covid vaccine generates strong immune response in 6- to 11-year-olds

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CNBC – For more and to sign up click here With her husband Stephen by her side Erin Shih hugs her children Avery 6, and Aidan, 11, after they got their second Moderna COVID-19 vaccines at Kaiser Permanente Los Angeles Medical Center on Friday, June 25, 2021. Sarah Reingewirtz |......

Covid vaccine boosters are now available. Here’s who’s eligible for Pfizer, Moderna and J&J’s shots

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CNBC – For more and to sign up click here A patient receives their coronavirus disease (COVID-19) vaccine booster during a Pfizer-BioNTech vaccination clinic in Southfield, Michigan, U.S., September 29, 2021. Emily Elconin | Reuters Nearly 100 million people nationwide are immediately eligible to receive Covid booster shots after the......

U.S. officials keep close watch on the ‘delta plus’ Covid mutation as it spreads in the U.K.

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CNBC – For more and to sign up click here Dr. Rochelle Walensky, Director of the Centers for Disease Control and Prevention, testifies before a Senate Health, Education, Labor and Pensions Committee hearing at the U.S. Capitol on May 11, 2021. Jim Lo Scalzo | Pool | Reuters U.S. health......

House Majority Leader Steny Hoyer wants framework for Biden’s social spending plan set before Monday

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CNBC – For more and to sign up click here House Majority Leader Steny Hoyer aims to strike a deal on President Joe Biden‘s social safety net plan before Monday as Democrats scramble to salvage their economic agenda. “We’d like to get a framework by the end of – frankly......

Buying a home is a goal for many Americans. How this bank is helping members of low- and moderate-income communities achieve that

CNBC Real Estate
Even as prices for homes soar, the American Dream of owning a home is still alive and well. Yet that can be a high hurdle for first-time home buyers to reach. New data from the National Association of Realtors shows sales of previously owned homes rose by 7% in September......

HSBC has some strategies for investors to overcome the ‘wall of worry’

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CNBC – For more and to sign up click here The HSBC Holdings Plc headquarters building in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images LONDON — HSBC Asset Management has shared a raft of advice with clients looking to navigate the current “wall of worry” facing global......

CDC panel unanimously endorses Moderna and J&J Covid vaccine boosters, sends recommendation to director for final approval

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CNBC – For more and to sign up click here An influential Centers for Disease Control and Prevention advisory committee Thursday unanimously endorsed boosters of Moderna‘s and Johnson & Johnson‘s Covid-19 vaccines, sending the recommendation to CDC Director Dr. Rochelle Walensky for final approval. The agency’s Advisory Committee on Immunization......

CDC says these are the most common side effects people report after getting Moderna, J&J boosters

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CNBC – For more and to sign up click here A healthcare clinician prepares a dose of the Johnson & Johnson vaccine for the coronavirus disease (COVID-19) for a commuter during the opening of MTA’s public vaccination program at the 179th Street subway station in the Queens borough of New......

Sales of existing homes rose in September, likely due to a brief decline in mortgage rates

CNBC Real Estate
A home, available for sale, is shown on August 12, 2021 in Houston, Texas. Brandon Bell | Getty Images Sales of previously owned homes increased 7% to a seasonally adjusted annualized rate of 6.29 million units in September, according to the National Association of Realtors. The organization’s chief economist, Lawrence......

Single-family rents are surging, and investors are flooding the market

CNBC Real Estate
A house for rent in Corona Del Mar, California. Scott Mlyn | CNBC Demand for single-family rental homes is showing no sign of easing up, and that is pushing rents through the roof, especially for the highest-priced properties. As a result, investors are now flooding into the market again, after......

Foreclosures are surging now that Covid mortgage bailouts are ending, but they’re still at low levels

CNBC Real Estate
Foreclosures are starting to surge as government and private sector programs designed to help homeowners deal with the economic fallout of the Covid-19 pandemic have begun to expire. Mortgage lenders began the foreclosure process on 25,209 properties in the third quarter, a 32% increase from the second quarter. On a......

Op-ed: Biden needs to act now to shore up economic foreign policy to restore confidence in U.S. leadership

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CNBC – For more and to sign up click here The Biden administration should act to correct its post-Afghanistan foreign policy malaise by embracing economic agreements that rally its global partners and restore confidence in U.S. leadership.   That effort should begin, but not end, with an embrace and expansion......

How Biden’s $3.5 trillion economic plan compares to LBJ’s Great Society and FDR’s New Deal

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CNBC – For more and to sign up click here Anna Moneymaker | Getty Images News | Getty Images President Joe Biden’s $3.5 trillion economic agenda — and the social spending it would usher in — has few parallels in modern U.S. history. The New Deal era of the 1930s......

California will require Covid vaccination for K-12 students attending school in person after full FDA approval

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CNBC – For more and to sign up click here California will require students attending school in person to get vaccinated for Covid-19 after the Food and Drug Administration grants full approval for their age group, Gov. Gavin Newsom announced Friday. Newsom’s latest order, the first of its kind nationwide,......

Fauci says FDA will review Merck’s new Covid treatment ‘as quickly as they possibly can’

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CNBC – For more and to sign up click here Anthony Fauci, Director of the National Institute of Allergy and Infectious Diseases at the National Institutes of Health (NIH), testifies before a Senate Health, Education, Labor, and Pensions hearing to examine an update from Federal officials on efforts to combat......

The debt ceiling deadline has prompted questions about whether Social Security checks will go out. Here’s what we know

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CNBC – For more and to sign up click here Treasury Secretary Janet Yellen testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Matt McClain | Reuters Congress faces an Oct.......

Supply chain woes from Covid and energy may spark ’70s-style inflation, economist Stephen Roach warns

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CNBC – For more and to sign up click here Economist Stephen Roach is warning that the U.S. may be on a collision course with 1970s-type inflation. The former Morgan Stanley Asia chairman is worried that the impact of energy price spikes on China’s struggling supply chain will be the......

Pending home sales surged more than expected in August after two months of declines

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CNBC – For more and to sign up click here A for sale sign shows the home as being “under contract” in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Signed contracts to buy existing homes increased 8.1% month to month in August, according to the......

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