Bird flu outbreak nears worst ever in U.S. with 37 million dead
Prices for such eggs and deli meats are soaring to records, adding to the fastest pace of U.S. inflation in four decades.
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In wicked reversal, stock market has worst day in two years
The sell-off was a sharp reversal of fortunes after markets posted large gains on Wednesday, a whiplash caused by temporary confusion over the Federal Reserve’s approach to raising interest rates this year.
AT&T raises prices on wireless plans to address higher costs
The price hike will test whether carriers can join other industries like food and energy in passing on higher costs. The plan could backfire if disgruntled AT&T customers defect to Verizon and T-Mobile.
Fertility benefits grow as companies fight to land, keep workers
Now, at a time when businesses will do just about anything to recruit and retain workers, fertility benefits have gone from novelty to a must-have for many companies.
Treasurys slump ignites global selloff as rate hikes gain focus
Long-term U.S. Treasury yields jumped to a three-year high on Monday, fueling a global rise in borrowing costs as traders intensified bets on aggressive rate hikes from major central banks.
U.S. inflation might peak in March, but it’s a slow go to Fed’s 2% goal
The Fed last month kicked off what’s expected to be a series of interest rate hikes to tame inflation, but the efforts to temper demand will take time to materialize.
Hackers find easier paths as 600,000 U.S. cybersecurity jobs sit empty
In the last 12 months, job openings have increased 29% in cybersecurity, more than double the rate of growth between 2018 and 2019, according to Gartner TalentNeuron, which tracks labor market trends.
U.S. likely to see uptick in COVID-19 cases, Fauci says
The likely rise in U.S. cases probably won’t amount to a full-scale surge, Anthony Fauci, Biden’s chief medical adviser, said Sunday.
U.S. office buildings face $1.1 trillion obsolescence problem
Office buildings that opened since 2015 recorded more than 51 million square feet of occupancy gains since COVID hit, but vacancies have swelled elsewhere, according to Jones Lang LaSalle.
Oil retreats to about $102 per barrel with focus on Ukraine-Russia talks
A further round of talks between Russian and Ukrainian officials on Monday will focus on discussing a potential ceasefire with an immediate withdrawal of troops and security guarantees, Ukraine negotiator Mykhailo Podolyak said.
Fed seen being cautious in rate path amid Ukraine uncertainty
Investors have ramped up expectations for an aggressive Fed posture in the face of the highest inflation in four decades. But the economists say the outlook has become muted by uncertainty over Ukraine, sanctions and surging commodities prices.
Fuel-price hikes hitting shippers, truckers across U.S. economy
For trucking fleets—which move 70% of the U.S.’s freight tonnage—the sudden jump in prices is set to hurt smaller operators who have to cover the extra fuel cost on the spot and wait for surcharges to be reimbursed, American Trucking Association Chief Economist Bob Costello said.
U.S. beef prices set to rise further as ranchers’ costs soar
How much Americans will pay for a steak is going to be tested in the near future.
Commodities hit new highs as traders shun Russian purchases
Oil passed $110 a barrel, aluminum hit a fresh record and wheat rose to the highest since 2008. In Europe, natural gas prices and coal set all time highs, deepening the region’s energy crisis.
Remote work seen more persistent than planners expected
The analysis found that work-from-home situations rose for every major demographic group and industry, but was especially sharp among highly educated workers.
Study shows omicron sub-variant no more severe than first strain
The emergence of BA.2 has caused widespread concern as it appears to be even more transmissible than the original omicron strain.
Heineken warns worst inflation in decade to weigh on beer
The brewer said it will raise prices for its beer by “courageous” amounts as it seeks to offset rising raw material and energy costs and “crazy” shipping rates.
Dolphins owner dangled $100K to lose games, ex-coach says
Amid a 58-page lawsuit accusing the NFL of pervasive racial bias, Brian Flores alleges he was instructed—and incentivized—to tank games in his first year as head coach of the Miami Dolphins.
Stocks storm back from huge early rout to close higher
A stock selloff that at one point rivaled any of the last two years was all but wiped out as dip buyers emerged by Monday’s close, the latest breathtaking reversal in markets.
Target CEO expects fewer store trips as shoppers confront inflation
Target’s top executive said U.S. consumers will drive less and consolidate their shopping into fewer trips as they adjust to pricier gasoline and the highest inflation rate in almost four decades.