Kimberly Redmond | |

US consumer borrowing continued to grow throughout the month of April, but credit card usage declined, according to newly-released data from the Federal Reserve Board.

In its G.19 consumer credit report for April, the Fed said total consumer debt outstanding — which includes student loans and auto loans, as well as revolving debt — grew $18.6 billion.

Reuters | |

Top U.S. infectious disease expert Dr. Anthony Fauci has called on China to release the medical records of nine people whose ailments might provide vital clues into whether COVID-19 first emerged as the result of a lab leak, the Financial Times reported on Thursday.

"I would like to see the medical records of the three people who are reported to have got sick in 2019. Did they really get sick, and if so, what did they get sick with?" the report quoted Fauci as saying about three of the nine.

Reuters | |

A Japanese Olympic Committee board member on Friday blasted organizers of the Tokyo Games for ignoring public concerns about holding the global sporting showpiece amid a pandemic, as Japan's top medical adviser urged new steps to reduce the risk.

The International Olympic Committee (IOC) appeared to think it could steamroll over the wishes of the Japanese public, who, surveys show, overwhelmingly want the games canceled or postponed, the JOC's Kaori Yamaguchi said in an opinion piece carried by Japan's Kyodo news agency.

Kimberly Redmond | |

The number of Americans filing for initial job loss claims fell below 400,000 for the first time since the onset of the COVID-19 pandemic in March 2020.

On Thursday, the US Labor Department reported that the number of first-time claims dropped to 385,000 for the week ending May 29, down 20,000 from the prior week.

AP News | |

Jeannie Wells had hoped that regular visits would resume at her elderly mother’s New York nursing home once all the residents were fully vaccinated against COVID-19.

Around Easter, her wish finally came true, and she was able to hold the 93-year-old’s hand more than a year after bringing her mother to the facility for rehabilitation for a fractured hip and knee.

Kimberly Redmond | |

Moderna Inc (Nasdaq: MRNA) is asking the US Food and Drug Administration (FDA) for full approval of its COVID-19 vaccine for people age 18 and up, the company announced Tuesday.

The Massachusetts-based drugmaker began distributing its experimental double-dose vaccine in December 2020 under an FDA emergency use authorization (EUA), a temporary approval from regulators that requires only two months of clinical data.

Kimberly Redmond | |

Chief executive officers at the country’s biggest companies saw an average pay increase of 5% in 2020, even as the COVID-19 pandemic wreaked havoc on businesses across the globe.

According to the annual CEO Pay Study compiled by The Associated Press and executive data firm Equilar, median pay for S&P 500 CEOs last year was $12.7 million, a record high since they first began compiling the analysis 10 years ago.

Reuters | |

The U.S. intelligence community on Thursday acknowledged its agencies had two theories on where the coronavirus originated, with two agencies believing it emerged naturally from human contact with infected animals and a third embracing a possible laboratory accident as the source of the COVID-19 pandemic.

"The U.S. Intelligence Community does not know exactly where, when, or how the COVID-19 virus was transmitted initially but has coalesced around two likely scenarios," the Office of the Director of National Intelligence (ODNI) said, adding that the majority believes there is not "sufficient information to assess one to be more likely than the other."

Kimberly Redmond | |

Ahead of Memorial Day weekend, Airbnb Inc (Nasdaq: ABNB) announced Thursday it is extending a ban on parties at homes listed on its platform through at least the end of summer to help curb the spread of coronavirus.

In a statement, the San Francisco-based short-term home rental company said it wants to “cultivate safe and responsible travel” and would reevaluate the policy in a few months.

Kimberly Redmond | |

Belgium suspended the use of the Johnson & Johnson (NYSE: JNJ) COVID-19 vaccine for citizens under age 41 following the death of a woman who received the one-dose shot.

In a statement Wednesday, the government said it was seeking advice from the European Medicines Agency (EMA), the European Union’s drug regulator, before it would consider lifting the suspension.