News

COVID-19

Kimberly Redmond | Equities.com |

The US Centers for Disease Control and Prevention (CDC) announced Thursday that fully vaccinated adults can safely resume activities indoors and outdoors without wearing face masks or practicing social distancing in gatherings. 

According to the CDC, people vaccinated against COVID-19 now only need to wear face masks under certain circumstances, such as in healthcare settings, on public transportation or in areas where local or state governments mandate it.  They wil...


AP News | Equities.com |

Infections in India hit another grim daily record on Thursday as demand for medical oxygen jumped seven-fold and the government denied reports that it was slow in distributing life-saving supplies from abroad.

The number of new confirmed cases breached 400,000 for the second time since the devastating surge began last month. The 412,262 cases pushed India’s tally to more than 21 million. The Health Ministry also reported 3,980 deaths in the last 24 hours, bringing the total to 230,168. Experts believe both figures are an undercount.


AP News | Equities.com |

President Joe Biden has met his goal of having most elementary and middle schools open for full, in-person learning in his first 100 days, according to new survey data, but the share of students choosing to return has continued to lag far behind.

The survey, conducted in March by the Education Department and released Thursday, found that 54% of public schools below high school were offering full-time classroom learning to any student who wanted it. It marks steady progress since January, when the figure was 46%.


AP News | Equities.com |

Powered by consumers and fueled by government aid, the U.S. economy is achieving a remarkably fast recovery from the recession that ripped through the nation last year on the heels of the coronavirus and cost tens of millions of Americans their jobs and businesses.

The economy grew last quarter at a vigorous 6.4% annual rate, the government said Thursday, and expectations are that the current quarter will be even better. The number of people seeking unemployment aid — a rough reflection of layoffs — last week reached its lowest point since the pandemic struck. And the National Association of Realtors said Thursday that more Americans signed contracts to buy homes in March, reflecting a strong housing market as summer approaches.


AP News | Equities.com |

Four months ago, America’s most populous state was struggling to combat a surge in coronavirus hospitalizations that packed patients into outdoor tents and killed hundreds of people each day.

On Friday, Disneyland, California’s world-famous theme park, will reopen to visitors after an unprecedented 13-month closure in what tourism officials hope is a sign of the state’s rebound from the pandemic. For now, the park is allowing only in-state visitors and operating at limited capacity.


Reuters | Equities.com |

Restaurant Brands International Inc beat quarterly revenue estimates on Friday, as a reopening U.S. economy and government stimulus checks boosted spending at the company's Burger King chain.

After a year of ordering in, more Americans have started to go back to restaurants as a $1,400 stimulus payment from the government in March boosted spending, while the rollout of COVID-19 vaccines lifted consumer confidence.


Kimberly Redmond | Equities.com |

For the first time in two months, new COVID-19 cases declined significantly in Europe, but infection rates remain high, according to the World Health Organization (WHO).

Despite the downward trend, WHO regional director for Europe, Dr. Hans Kluge, warned Thursday that the threat posed by coronavirus “remains present.”


Kimberly Redmond | Equities.com |

Uber Technologies plans to recruit 20,000 more drivers in the UK to help fill growing demand for rides as the country continues to ease COVID-19-related restrictions.

On Thursday, the San Francisco-based ride hailing company said it will sign up the additional drivers by the end of 2021, adding to the 70,000 it already has in the UK.


Kimberly Redmond | Equities.com |

Google’s parent company Alphabet Inc (Nasdaq: GOOGL) is saving $1 billion annually after employees were given permission to work from home due to the pandemic.

In its Form 10-Q filing with the US Securities and Exchange Commission for the first quarter of 2021, Alphabet reported that it saved $268 million during the period since the company has not been spending as much on promotions, travel and entertainment “primarily as a result of COVID-19.”


Kimberly Redmond | Equities.com |

BioNTech SE (Nasdaq: BNTX) is seeking more details following reports from Israel of heart inflammation cases among people who received the COVID-19 vaccine developed by the German startup and Pfizer Inc (NYSE: PFE).

On Wednesday, BioNTech’s chief executive officer Ugur Sahin said the cases appeared to be anecdotal and that monitoring by public health officials in countries including the US and Germany showed no unusual side effects or similar symptoms.