Economy Archives - Page 52 of 58

Moderna CEO Claims 4th COVID-19 Shot Will Be Needed by Fall

Moderna’s Chief Executive Officer Stephane Bancel has claimed that people may need a fourth COVID-19 shot by the fall of 2022. Bancel warned that people will need to get a second "booster" as the efficacy of third shot will likely decline in the next few months. “I still believe we’re…

Pfizer: COVID-19 Vaccine Data for Children Under 5 to Be Updated by April

Pharmaceutical giant Pfizer has amended its COVID-19 vaccine trial for younger children, announcing that results can be expect in just a few weeks, a researcher revealed Wednesday. Dr. Alejandra Gurtman said that the study has been adjusted from two doses to three doses in light of the growing body of…

Marjorie Taylor Greene Says Facebook Censoring Her after Twitter Suspension

Rep. Marjorie Taylor Greene (R-GA) has accused social media giant Facebook of censoring her personal account, just days after she was permanently banned by Twitter. According to screenshots of Facebook’s messages to her, it appears that platform suspended Greene from posting or commenting for 24 hours. “Facebook has joined Twitter…

Twitter Permanently Suspends Marjorie Taylor Greene’s Account

Twitter has suspended the personal account of Rep. Marjorie Taylor Greene (R-GA) after claimings she was posting "medical misinformation" relating to the COVID-19 pandemic. “We permanently suspended Marjorie Taylor Greene for repeated violations of our COVID-19 misinformation policy,” a Twitter spokesperson said in a Sunday statement to news outlets. The…

IKEA Raises Prices by 9% Across Global Markets as Supply Chain Issues Persist

Swedish home furniture giant IKEA has announced that it is raising prices by an average of 9 percent across its global markets. The company insists it has been forced into the price hike after being hit with supply chain issues that are currently wreaking havoc across the world, prompting businesses…

Elon Musk Dumps Another $1 Billion in Tesla Shares, Exercises Options to Buy Stock

Elon Musk has just sold about $1.02 billion worth of his holdings in Tesla, according to reports. The latest sell-off edges the tech entrepreneur closer to his sales target of 10 percent that he had promised Twitter followers last month. Meanwhile, Musk has bought millions of shares via options at…

Larry Summers Warns of Recession, Slams Student Loan Debt Relief

President Obama's former U.S. Treasury Secretary Larry Summers has warned that America is fast heading toward recession under Joe Biden. Summers issued the warning while blasting the Democrats' push for student loan debt relief. He described the debt forgiveness as a "regressive" policy that mostly benefits high-income households. In a…

Thousands of Flights Canceled Amid COVID-19 Omicron Surge

Airlines on Sunday have canceled more than 2,100 flights worldwide after U.S. air carriers canceled about 1,000 on Christmas Day. At least 2,162 cancelations were reported around the world, with 669 coming in the United States, according to flight-tracking website FlightAware.com on Sunday morning. Some 5,900 flights were also delayed.…

Tik Tok Sued by Content Moderator for Psychological Trauma after Reviewing Graphic Videos

A former Tik Tok content moderator has sued the Chinese Communist Party-linked social media app for psychological trauma after reviewing graphic videos on the platform. Former content moderator Candie Frazier has filed a lawsuit in a California court, alleging that Tik Tok and its parent company ByteDance failed to provide…

Another 205,000 U.S Workers File for Unemployment Benefits

Another 205,000 American workers have filed for unemployment benefits in the past week, according to reports. The latest weekly figures match the prior week’s jobless claims number and are roughly in line with pre-pandemic levels. The data suggests that the recent rise in COVID-19 infections was not driving a fresh…