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COVID-19

AP News | Equities.com |

Sales of new homes surged 20.7% in March to the highest level since 2006, rebounding from a sharp decline the previous month when severe winter storms wreaked havoc in many parts of the country.

Sales climbed to a seasonally adjusted annual rate of 1.02 million last month after a 16.2% tumble in February, the Commerce Department reported Friday. It was the fastest pace for new home sales since the housing boom of the mid-2000s when sales reached 1.04 million units in August 2006.


Reuters | Equities.com |

Honeywell International Inc said on Friday sales at its aerospace business would trend at the lower end of its full-year forecast due to a slow recovery in its high-margin commercial aftermarket sales business, sending shares down 3%.

Honeywell, which makes aircraft parts for planes manufactured by Boeing Co and Canada's Bombardier Inc, saw its revenue tumble after the COVID-19 pandemic brought air travel to a standstill.


AP News | Equities.com |

The U.S. is set to meet President Joe Biden’s latest vaccine goal of administering 200 million coronavirus shots in his first 100 days in office, as the White House steps up its efforts to inoculate the rest of the public.

With more than 50% of adults at least partially vaccinated, Biden on Wednesday will reflect on his efforts to expand vaccine distribution and access in his first three months in the White House. But with all those 16 and older now eligible for shots, the president is expected to outline his administration’s plans to drive up the vaccination rate even further.


Reuters | Equities.com |

The U.S. economy is going to temporarily see "a little higher" inflation this year as the recovery strengthens and supply constraints push up prices in some sectors, but the Federal Reserve is committed to limiting any overshoot, Fed Chair Jerome Powell said in an April 8 letter to Senator Rick Scott.

"We do not seek inflation that substantially exceeds 2 percent, nor do we seek inflation above 2 percent for a prolonged period," Powell said in a five-page response to a March 24 letter in which the Florida Republican raised concerns about rising inflation and the U.S. central bank's bond-buying program.


Reuters | Equities.com |

Netflix Inc said slower production of TV shows and movies during the pandemic hurt subscriber growth in the first quarter, sending shares of the world's largest streaming service down 11% on Tuesday.

Roughly 3.98 million people signed up for Netflix from January through March, below the 6.25 million average projection of analysts surveyed by Refinitiv.


Kimberly Redmond | Equities.com |

The US State Department said it will begin updating its travel advisories to more closely align with those from the US Centers for Disease Control and Prevention (CDC), a change that will expand the number of countries at “Level 4: Do Not Travel” to 80% of countries worldwide.

In an announcement Monday, the department said, “This does not imply a reassessment of the current health situation in a given country, but rather reflects an adjustment in the State Department's Travel Advisory system to rely more on CDC's existing epidemiological assessments.”


Kimberly Redmond | Equities.com |

Over-the-counter rapid COVID-19 tests will soon hit the shelves at three national pharmacy chains, expanding access to home testing as the US ramps up its vaccine rollout.

Abbott Laboratories (NYSE: ABT) announced Monday that it began shipping its BinaxNOW self-test to CVS Pharmacy, Walgreens and Walmart stores across the country. The test will also be available through the chains' websites.


Reuters | Equities.com |

Everyone in United States aged 16 years and above is now eligible for COVID-19 vaccination, the U.S. Centers for Disease Control and Prevention (CDC) said on Monday.

People aged 16 years and above who have underlying medical conditions that increase the risk of serious, life-threatening complications from COVID-19, should be among those offered the vaccine first, according to the U.S. health agency's latest recommendations.


Reuters | Equities.com |

United Airlines on Monday reported a bigger-than-expected $2.4 billion adjusted net loss for the first quarter, as fuel costs rose and the airline operated fewer flights amid continued weak demand due to the COVID-19 pandemic.

Average fuel cost climbed nearly 30% to $1.74 per gallon in the quarter from the previous three months, while passenger traffic fell 52% compared to the same period in 2020. The World Health Organization did not declare COVID-19 a pandemic until near the end of the first quarter in 2020.


Kimberly Redmond | Equities.com |

Former President Barack Obama teamed up with former National Basketball Association stars Shaquille O’Neal and Charles Barkley to encourage people to get vaccinated against COVID-19 in order to put an end to the pandemic.

During NBC’s hour-long “Roll Up Your Sleeves” special on Sunday, the trio reached out to minority communities and younger Americans who may be hesitant to get the vaccine and insisted that getting the jab “will save lives and allow people to get their lives back to normal.”