Commodities as a whole had their best year in over a decade, due in large part to inflation triggered by unprecedented global monetary and fiscal stimulus. The Bloomberg Commodity Spot Index ended 2021 with a gain of 27%, the biggest yearly jump since 2009, when the financial crisis similarly prompted governments and central banks to flood their economies with liquidity.
The weaker-than-expected labor report should not deter the Fed from tightening credit, especially because the unemployment rate fell below 4%.
Some school systems around the U.S. extended their holiday break Monday or switched back to online instruction because of the explosion in COVID-19 cases, while others pressed ahead with in-person classes amid a seemingly growing sense that Americans will have to learn to co-exist with the virus.
Caught between pleas from teachers fearful of infection and parents who want their children in class, school districts in cities such as New York, Milwaukee, Chicago, Detroit and beyond found themselves in a difficult position midway through the academic year because of the super-contagious omicron variant.
Looking back, 2021 was another year full of dramatic financial issues with many consequences. We tackled a number of them. Once again, we will take a look at how we did and provide an update.
Getting a third dose of either Pfizer-BioNTech's (PFE) or Moderna's (MRNA) COVID-19 vaccine offers a "significant increase" in protection against the Omicron variant in elderly people, according to a Danish study published on Wednesday.
The study, which is not yet peer-reviewed, investigated the effectiveness of COVID-19 vaccines that use so-called mRNA technology against the Delta variant and the new, more infectious Omicron variant.
The United States on Sunday reached 800,000 coronavirus-related deaths, according to a Reuters tally, as the nation braces for a potential surge in infections due to more time spent indoors with colder weather and the highly transmissible Omicron variant of the virus.
The milestone means the U.S. death toll from this one virus now exceeds the entire population of North Dakota.
CVS Health will close about 900 US stores over the next three years as part of a larger shift away from retail and toward healthcare services.
On Thursday, the Woonsocket, Rhode Island-based drugstore chain said its decision — which will ultimately impact 9% of its 10,000 stores nationwide — comes after “evaluating changes in population, consumer buying patterns and future health needs.”
In this second entry in the payback series, we look at actions taken by companies and governments to get back at unfair treatment by others. One of the most dramatic examples is Venezuela not paying back its debts to companies such as Conoco (COP) and to bondholders and preventing outside oil companies from doing business in the nation with the greatest amount of oil reserves worldwide. At first glance, it may appear that Venezuela got away with its efforts to take over...
Tens of millions of Americans who work at companies with 100 or more employees will need to be fully vaccinated against COVID-19 by Jan. 4 or get tested for the virus weekly under government rules issued Thursday.
The new requirements are the Biden administration’s boldest move yet to persuade reluctant Americans to finally get a vaccine that has been widely available for months -- or face financial consequences. If successful, administration officials believe it will go a long way toward ending a pandemic that has killed more than 750,000 Americans.
Walgreens Boots Alliance Inc (Nasdaq: WBA) will invest $5.2 billion in primary care provider VillageMD as part of the pharmacy chain’s plan to open more co-located practices within its drugstores across the US.
The investment announced Thursday increases the Deerfield, Illinois-based chain’s stake in VillageMD to 63% from the 30% it acquired in July 2020.
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