Showing posts from January, 2022

Facebook’s cryptocurrency venture to wind down, sell assets

  The Diem Association, the consortium Facebook founded in 2019 to build a futuristic payments network, is winding down and selling its technology to a small California bank that serves bitcoin and blockchain companies for about $200 million, a person familiar with the matter said. GET FOX BUSINESS ON THE GO BY CLICKING HERE The bank, Silvergate Capital Corp. , had earlier reached a deal with Diem to issue some of the stablecoins—which are backed by hard dollars and designed to be less volatile than bitcoin and other digital currencies—that were at the heart of the effort. The sale represents an effort to squeeze some remaining value from a venture that was challenged almost from the start. Facebook, now Meta Platforms Inc., launched the project in 2019 as Libra , pitching it as a way for the social network’s billions of users to spend money as easily as sending a text message.  

Bitcoin price hovers around $37,000

Bitcoin has been struggling this week along with equities as the Federal Reserve sets out its roadmap to raise interest rates. The Federal Reserve on Wednesday signaled it could "soon" raise interest rates for the first time in three years, paving the way for a March liftoff as policymakers seek to keep prices under control and combat the hottest inflation in nearly four decades. GET FOX BUSINESS ON THE GO BY CLICKING HERE A rate increase would mark the first since December 2018.  Heading into Friday, bitcoin wa down in eight of the past nine days, losing 1.71% over the last three days. Bitcoin is down more than 21% month-to-date.    

Starbucks employees in Atlanta look to unionize

  Coffee giant Starbucks is facing another union push. This time, it's in Atlanta. The Starbucks on Howell Mill Road is the latest in a growing number of stores seeking to unionize. However, it's the first to do so in Georgia, according to Starbucks Workers United.  CLICK HERE TO READ MORE ON FOX BUSINESS   "The partners of Atlanta are taking a stand, becoming the first Starbucks store to file for a union election in Georgia!," Starbucks Workers United tweeted. "We are resilient and ready for change. It’s time to make Starbucks the best company it can be."  In a letter to Starbucks CEO Kevin Johnson, Starbucks Workers United claimed that while the company increased its earnings during the pandemic, employees, otherwise known as partners, "have not shared in this prosperity."  GET FOX BUSINESS ON THE GO BY CLICKING HERE   The group further claimed that it endures "unprecedented instability in the workplace" and "witnes

Thousands of flights delayed, canceled due to winter storm

  Verizon, AT&T delay 5G rollout at some airports FOX Business' Grady Trimble breaks down concerns regarding how 5G frequency may interfere with airplane safety instruments. Thousands of flights were delayed or canceled Saturday due to the winter storm bearing down on the eastern U.S. According to live tracker FlightAware, there were more than 3,000 total delays, including 256 within, into or out of the U.S.  DROUGHTS LEAD SKI RESORTS TO MORE EFFICIENT SNOWMAKING Additionally, the website reported a total of more than 4,500 total cancellations, 3,507 were within, into or out of the country.  JetBlue Airways was shown to have the most number of canceled flights at 567, or 68%.  A dusting of snow falls at dawn as the beginning of a major snow storm arrives, Saturday, January 129, 2022, in Somerville, Mass.  (AP Photo/Josh Reynolds) American Airlines had 463 – 18% –and Delta Air Lines had 461, or 19%.  Most cancellations were flying into or departing from New Yo

Three tax changes to know before filing your return 2021 unemployment benefits will be subject to tax

  Biden's IRS reporting device for third-party payment processors 'will affect your taxes,' says Norquist Americans for Tax Reform President Grover Norquist argues people who have a side hustle and independent contractors are 'being swept up' by the administration's latest IRS push. The 2022 tax season is underway and marks the third straight tax season disrupted by the pandemic.  Before the first returns were even submitted to the Internal Revenue Service (IRS), the agency told families and businesses to be prepared for a bumpy tax filing season. IRS Commissioner Chuck Rettig said earlier this month that "in many areas, we are unable to deliver the amount of service and enforcement that our taxpayers and tax system deserves and needs. This is frustrating for taxpayers, for IRS employees and for me." IOWA WEIGHS PROPOSAL TO SHIELD RETIREMENT INCOME FROM TAXES Unfortunately for taxpayers, they cannot forego participating in this tax fil

Lyft, Delta update app partnership to show flight statuses and air travel info

  Lyft and Delta Air Lines are making rides to the airport less stressful with in-app flight status updates that’ll be delivered to customers who have linked Delta SkyMiles accounts. A spokesperson for Lyft told FOX Business the ride-share app is now capable of displaying a user’s upcoming flight number, intended destination, boarding and departure time, terminal number and gate number.  UBER, LYFT DRIVERS WANT MORE PROTECTION AS RISING CRIME KEEPS MANY OFF THE ROADS These accessible reminders will be shown to Delta SkyMiles customers in a "Your upcoming Delta flight" window near the bottom of active Lyft ride details and are designed to keep Delta passengers informed about their flights while they’re en route to the airport.

General Motors CEO Mary Barra took a 'surreal' ride in an autonomous Chev

  General Motors CEO Mary Barra has been on a couple of wild rides recently, and it has nothing to do with the company's share price. In November, she was in the backseat of an electric GMC Hummer EV that President Biden was driving , accelerating from 0-60 mph in the 1000-horsepower monster truck's WTF (Watts to Freedom) mode in a parking lot outside a GM factory. More recently, she took a spin in a very different electric car.

reporting transactions over $600 to the IR

  PayPal, Venmo and Cash App to report commercial transactions over $600 to IRS Jan. 25, 2022 - 7:02 - Americans for Tax Reform President Grover Norquist discusses the impact of third-party payment processor apps reporting transactions over $600 to the IR

IRS reporting device for third-party payment processors

  Biden's Biden's IRS reporting device for third-party payment processors 'will affect your taxes,' says Norquist for third-party payment processors 'will affect your taxes,' says Norquist

Jobs, GM, Amazon earnings top week ahead Employers are expected to have added 210,000 jobs in January

‘Don’t be swayed by these short-term market durations’: Mahn advises investors on revisiting their portfolios Hennion & Walsh Asset Management president and CIO Kevin Mahn discusses advice for investors after choppy sessions and says to remain ‘true to risk-tolerance and long-term objectives’ on ‘The Claman Countdown.’ Investors are set for another busy week of earnings and economic data, including the January jobs report.  It may also be another volatile week for stocks after all three of the major averages closed on a high note Friday capping off a wild but winning week as investors jostled concerns over inflation and faster-than-expected rate hikes.  

Chevron CEO: $100 per barrel oil is possible

  Chevron CEO talks oil industry recovery post-pandemic: ‘We’re generating strong cash’ Chevron CEO Mike Wirth discusses the statistics surrounding Chevron and the oil industry’s strong growth since the pandemic on ‘The Claman Countdown.’ Chevron CEO Mike Wirth says the prospect of oil hitting $100 per barrel is not out of the realm of possibility in the coming months, pointing to recent markets trends and global uncertainty. Wirth appeared on FOX Business' " The Claman Countdown " on Friday, where host Liz Claman noted, "Oil hit $90 a barrel earlier this week, and you look at Wall Street's $100 a barrel forecast by this summer, that suddenly doesn't look so lofty." International benchmark Brent crude hit $90 on Wednesday. On Thursday, The Wall Street Journal reported that Morgan Stanley analysts had lifted their summer forecast for Brent to $100, and so did Goldman Sachs. Bank of America predicted it will hit $120 by July.

Oil rises, hovers near 7-year highs on supply fears, political risks NATO said on Sunday Europe needs to diversify its energy supplies as Britain warned it was "highly likely" Russia was looking to invade Ukraine

  TOKYO - Oil rose 1% on Monday, hovering near 7-year highs hit in the previous session, amid concerns over tight supply as well as geopolitical tensions in Eastern Europe and the Middle East. Brent crude rose 92 cents, or 1.0%, to $90.95 a barrel at 0051 GMT, after adding 69 cents on Friday. The front-month contract for March delivery expires later in the day. The most-active Brent contract, for April delivery , was trading at $89.69, up $1.17 or 1.3%. CHEVRON CEO: $100 PER BARREL OIL IS POSSIBLE U.S. West Texas Intermediate crude rose 99 cents, or 1.1%, to $87.81 a barrel, having gained 21 cents on Friday. Both benchmarks recorded their highest since October 2014 on Friday, $91.70 and $88.84, respectively, and a sixth straight weekly gain. Oil rose 1% on Monday, hovering near 7-year highs hit in the previous session, amid concerns over tight supply as well as geopolitical tensions in Eastern Europe and the Middle East. (AP Photo/Gregory Bull, File) "Underlyi

Burger King, Domino’s pull back on value menus as costs rise

  Inflation is coming to a longtime refuge of price-conscious consumers: restaurant value menus. Burger King , Denny’s Corp. and Domino’s Pizza Inc. are among the chains that are reducing their menu of discounted items or shrinking portions to try to improve their margins, executives said. Some chain executives hope the trimming of discount menus and meal deals might bring less pushback from consumers than straight price increases. McDonald’s Corp . earlier this year began letting franchisees sell sodas for higher prices, after all sizes of the drinks were promoted nationally for a dollar for several years, the company and franchisees said. Denny’s is promoting fewer low-cost items on its menus as the family-dining chain’s executives said more customers are willing to pay for a sit-down experience. TACO BELL STARTS BUSINESS SCHOOL FOR ASPIRING FRANCHISE OWNERS "I want the $9 omelet. I want the gourmet pancakes. I want a second round of coffee. I’m not here for a dea

Georgia tells company's workers to repay jobless benefits Georgia's Department of Labor is seeking $28G repayment

  The Georgia Department of Labor is demanding the repayment of unemployment benefits from current and former employees of an Atlanta restaurant group, saying the employer made mistakes in filing unemployment claims. WXIA-TV reports that the state labor agency is seeking nearly $28,000 from Kacey Carelson, one of the former employees of Rocket Farm Restaurants. The Atlanta company, led by chef Ford Fry, runs 11 restaurants across metro Atlanta, including four Superica restaurants. In this Monday, Dec. 7, 2020, file photo, a man looks at his phone next to stools taped off to prevent diners from sitting on them in Los Angeles.  (AP Photo/Jae C.Hong, File) "That’s half my year’s salary," Carelson said. "I can’t live if I pay that back. I’m a little taken aback by the whole situation." JOBLESS CLAIMS TICK UP TO 207,000 BUT REMAIN NEAR HALF-CENTURY LOW Department spokesperson Kersha Cartwright said that errors such as misspellings, incorrect Social

T-Mobile to terminate corporate employees who aren't vaccinated by April T-Mobile's new policy was announced on Friday in an email from its human resource chief to all staf

T-Mobile US Inc will fire corporate employees who are not fully vaccinated against COVID-19 by April 2, according to an internal company memo posted on the independent blog GET FOX BUSINESS ON THE GO BY CLICKING HERE The blog said T-Mobile's new policy was announced on Friday in an email from its human resource chief to all staff. It follows a U.S. Supreme Court ruling on Jan. 13 that blocked President Joe Biden's COVID-19 vaccination-or-testing mandate for large businesses. "Employees who have not yet taken action to receive their first dose and upload proof by February 21 will be placed on unpaid leave," the blog quoted the memo as saying. "Affected employees who do not become fully vaccinated ... by April 2 will be separated from T-Mobile." DESPITE SCOTUS RULING, CITIGROUP STANDS BY FRIDAY VACCINATION DEADLINE The memo, addressed to "all employees (excluding international)," stated that the vaccine rules do not apply

GameStop, AMC meme revolution: one year since retail investors took stocks on wild ride

A year ago in January, the U.S. stock market got a jolt and an in-your-face introduction to a fresh crop of meme stocks as the retail trading community and Reddit traders waged war against short-sellers and hedge funds . GameStop and AMC shares climbed and then cratered sending U.S. trading volume across all stock exchanges on Jan. 27, 2021, to the biggest day of the year, as tracked by Dow Jones Market Data Group. Volume has not hit that level since.  Ticker Security Last Change Change % GME GAMESTOP CORP. 97.91 +4.39 +4.69% AMC AMC ENTERTAINMENT HOLDINGS INC 15.06 +0.54 +3.72% Investment app Robinhood, facing liquidity issues, was forced to suspend some trades, while other brokerages dealt with outages and chaos.  In the months following, the Securities and Exchange Commission was called on to address the market volatility, even the White House weighed in.  FOX Business took a look at what we’ve learned since then.  Meme favorites shifting  Retail trade

Don't fall for these 3 debt consolidation myths

If your personal finance goals include paying off outstanding debt, consolidation is one solution to consider. A debt consolidation loan allows you to combine credit card debt and other types of debt into a single personal loan. While you could open a 0% APR balance transfer credit card to manage debt, consolidating with personal loans can yield some advantages. For example, you can exchange a variable interest rate on credit card debt for a fixed interest rate. Reducing your interest rate can save you money over time. And when more of your monthly payment goes toward the principal, it's possible to pay down debt faster . But there are some debt consolidation myths that may be holding you back from getting a personal loan. 3 myths about debt consolidation Here are some of the biggest misconceptions about consolidating debt, along with some tips on how to choose a debt consolidation loan . It damages your credit score Debt consolidation will decrease debt and save money I

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30-year mortgage rates drop slightly as market awaits Fed’s March rate hike

  Mortgage rates decreased slightly this week, according to the latest data from Freddie Mac. This comes as the market awaits the upcoming rate hike, which the Federal Reserve signaled could come in March. The 30-year fixed-rate mortgage dropped to 3.55% annual percentage rate (APR) for the week ending Jan. 27, Freddie Mac’s Primary Mortgage Market Survey showed. This is down slightly from 3.56% last week but up from 2.73% last year. "This week’s Fed meeting reinforced the idea that interest rates are moving higher, with Fed rate hikes likely to begin as soon as March," Chief Economist Danielle Hale said. "However, long-term Treasuries bounced down and then up again this week, as investors evaluated whether they are correctly positioned to navigate the tightrope of a Fed tightening cycle and other economic growth risks against a still-strong economy." Borrowers can take advantage of the current rates by refinancing their mortgage to lower th

California's new law could cost some farmers millions, raise the price of one of America's favorite foods

  Animal activists say Proposition 12 is about treating farm animals humanely. But, pork farmers say the law doesn't improve care and could cost them thousands per pig. A California law that took effect this month is forcing Midwest farmers to make tough financial decisions. Proposition 12 requires farmers to increase the sizes of animal cages if they’re shipping pork, veal, or eggs to California.  Iowa is the country’s number one pork-producing state, and California consumes 13% of U.S. pork. Animal activists say Proposition 12 is about humane treatment for the breeding pigs, but farmers say the new requirements don’t improve care and could cost them thousands of dollars per pig.

Key inflation gauge surges 5.8% in December, fastest pace in four decades Consumer prices jumped 5.8% in December from the year-ago period

  Fed holds rates near zero, signals increase is imminent to curb inflation FOX Business’ Cheryl Casone reports on the Federal Reserve’s first policy-setting meeting of the year, where the Federal Open Market Committee also reaffirmed its commitment to withdrawing its asset purchase program. A key measure of annual inflation that is closely watched by the Federal Reserve is running at the hottest pace in nearly four decades as widespread supply disruptions, extraordinarily high consumer demand and worker shortages fuel rapidly rising prices. Prices soared by 5.8% in the year through December, according to the personal consumption expenditures price index data released Friday morning, beating out the previous month's increase of 5.7% to become the fastest inflation pace since 1982.


Generac CEO: Inflation is 'definitely' here to stay  

Biden is out eating ice cream

Biden is out eating ice cream, doesn't seem to know what's going on: Sen. Blackburn  

ed signals March rate hike – here’s what that means for your wallet

At the Federal Reserve's January meeting on Wednesday, it signaled plans to change its monetary policy and raise interest rates in March to combat rising inflation. The central bank elected to hold the federal funds rate at its target range of 0% to 0.25% for February, keeping interest rates low for now as it ends its asset purchases. But inflation increased by 7% annually in December, the highest increase in 40 years, so the Federal Open Market Committee (FOMC) will soon begin interest rate hikes in an effort to bring it back down.  "Today’s clear signal from the Federal Reserve that they will hike rates in March was no surprise, given the strong job market and inflation well above the 2% target," Mike Fratantoni, Mortgage Bankers Association (MBA) senior vice president and chief economist, said. "Similarly, the Fed’s move to quickly end any further growth to their balance sheet, thereby reducing accommodation at the longer end of the yield curve, als

Meat price inflation pushes sales from cattle ranchers into surplus

  Meat price inflation pushes sales from cattle ranchers into surplus Jan. 29, 2022 - 1:31 - A nationwide meat shortage is now driving up prices, and Head Meat Buyer for Stew Leonard’s Supermarket in New York says the pandemic is to blame

White House prepared to deal blow to Russia's economy

  White House prepared to deal blow to Russia's economy Jan. 29, 2022 - 7:58 - Kentucky Rep. James Comer and former WH Council of Economic Advisers chairman Tomas Philipson discuss the impact Biden's policies will have on oil & gas prices.

Federal cash helping state, local governments rebound from pandemic losse

  State and local governments lost at least $117 billion of expected revenue early in the pandemic, according to an Associated Press analysis, but many are now awash in record amounts of money, boosted partly by federal aid. In response to the dramatic turnaround, governors, lawmakers and local officials have proposed a surge in spending as well as a new wave of tax cuts. "The ultimate effect of the pandemic was a net positive," said Stephen Parker, assistant city manager for the Los Angeles suburb of Upland, where sales tax revenues are soaring. "Isn’t that unbelievable? It’s just crazy to think of that."

Ford's CEO targets plumbers, electricians with electric vehicle, data offerings

White House to host General Motors, Ford regarding spending push FOX Business’ Grady Trimble and Ford CEO Jim Farley discuss electric vehicle production and the chip shortage impacting the auto industry. Ford is promising to be more friendly to small businesses, thanks to a charged-up push by CEO Jim Farley.  Ticker Security Last Change Change % F FORD MOTOR CO. 19.54 +0.09 +0.46% "Now we want to move into the services business, and those customers, most of them are small business. They own five or six vehicles or are a plumber, electrician. They are underserved customers with data and telematics," he told FOX Business Network.   ELON MUSK SUPPORTS CANADIAN TRUCKERS ON VAX MANDATE Ford wants to provide the vehicle and telematics, which bundles tech and services.  "They don't have good financing options. They have to pick from all sorts of smaller telematics companies that aren't integrated into the vehicle… And they have no idea how to cha

Inflation is hitting the hardest in America’s top migration destinations

  Inflation is surging around the nation, hitting its highest mark in nearly 40 years. However, the most popular migration destinations around the country have been facing the worst surge in prices for goods and services, according to a new report.  Technology-powered real estate brokerage Redfin reported that popular destinations such as Atlanta, Phoenix and Tampa had double the inflation rates of high-priced San Francisco and New York, two of the top cities that people are moving away from, during the last three months of 2021.  Drone photo of downtown Atlanta, Georgia.  (iStock / iStock) CLICK HERE TO READ MORE ON FOX BUSINESS During that time, the prices of goods and services in Atlanta, considered the 10th most popular migration destination, increased by 8.9% compared to the same time a year ago, according to Redfin.  Meanwhile, Phoenix "came in number two for both inflation and migration in the fourth quarter" as prices increased 8.4%, according to th

FCC revokes China Unicom's authorization to operate in US

The order requires China Unicom Americas to end domestic interstate and international telecommunications services within 60 days Fox Business Flash top headlines for January 28 Check out what's clicking on The U.S. Federal Communications Commission (FCC) on Thursday voted to revoke the authorization for China Unicom's U.S. unit to operate in the United States, citing national security concerns. The 4-0 vote to revoke the authority that had been granted in 2002 is the latest move by the American regulator to bar Chinese telecommunications carriers from the United States because of national security concerns. GET FOX BUSINESS ON THE GO BY CLICKING HERE The order requires China Unicom Americas to end domestic interstate and international telecommunications services in the United States within 60 days of the order's publication. The Chinese Embassy did not immediately respond to requests for comments. FILE PHOTO: Signage is seen at the

Joe Burrow: ‘I make too much money’ to have fake diamonds

Joe Burrow knows how to frost himself. Fresh off clinching Cincinnati’s first Super Bowl berth since the 1988 season, the Bengals quarterback was asked Sunday about his off-field attire, namely the authenticity of the stones in his “JB9” chain. “They’re definitely real,” Burrow said of the diamonds. “I make too much money to have fake ones, so, these are real.” Burrow signed a four-year, $36.1 million contract with the Bengals in 2020 after being taken No. 1 overall in that year’s draft. In Sunday’s AFC Championship game, Burrow and the Bengals stormed back from an 18-point deficit to defeat the Chiefs in overtime, 27-24. Rookie kicker Evan McPherson hit a 31-yard field goal to punch Cincinnati’s ticket to the Super Bowl.  

Tom Brady expected to retire from NFL after 22 seasons, not making announcement yet

Father Time may be coming for Tom Brady, but it appears the quarterback isn’t ready to announce his retirement just yet.  ESPN reported on Saturday afternoon that Brady was retiring at the age of 44 after 22 decorated seasons in the NFL. But soon after the tributes started flowing in for one of the greatest quarterbacks of all time, further reports emerged that cast doubt on Brady actually having made a final decision.  After news of his purported retirement went public, Brady called Buccaneers general manager Jason Licht and told him he had not yet made a decision about his future, according to multiple reports. The Athletic reported that Brady told Tampa Bay he was “not even close” to making a decision. Brady’s agent, Don Yee, also released a statement to ESPN in which he neither confirmed nor denied the news, but said, “Tom will be the only person to express his plans with complete accuracy.”  Brady’s father, Tom Brady Sr., also told multiple outlets his son ha

Michael Jordan’s “Broken Foot Game” Air Jordan 1s Sell For $422,130

A pair of Michael Jordan’s game-worn Air Jordans from an unfortunate time in his career have a new owner and the price tag to acquire them was steep. Player issued Air Jordan 1s believed to have been worn by Jordan during a game against the Golden State Warriors on Oct. 29, 1985 recently sold for $422,130 through auction house Lelands . The date of that game is significant because it’s when Jordan suffered a fractured bone in his left foot, causing him to miss six months of action and derailing his sophomore season. Lelands obtained the sneakers from a consignor whose father was gifted the game-worn sneakers personally from Jordan at the time. The pair comes in Jordan’s famously mismatched size 13 (left) and 13 ½ (right), and features “850102-TYPS” stamping along the interior linings. Because of the shoe’s production midway through the 1984-85 season, there’s speculation that Jordan may have also worn these at some point in his rookie campaign, but that hasn’t been confi

N.Y. College Student Dies After Spending Night Outside in Subzero Temperatures: Police

A student at SUNY Oneonta has died after being exposed to the extreme cold for several hours, according to officials. Tyler Lopresti-Castro, 20, was found lying on the pavement near the Silas Lane Bus Garage by Exit 13 on Interstate 88 in New York by a group of city employees just before 7 a.m. local time on Thursday, according to a statement released Friday by the City of Oneonta Police Department. Police say the victim, who was identified by his SUNY Oneonta student ID, was treated at the scene before being taken to AO Fox Memorial Hospital in Oneonta, N.Y.  SUNY Oneonta said Lopresti-Castro ultimately succumbed to his injuries at the hospital, per News 10 ABC. RELATED:  Postal Worker Helps Save Elderly N.H. Woman's Life After Noticing Her Mail Piling Up Police said in Friday's statement that Lopresti-Castro appeared to have been exposed to subzero temperatures for an "extended" period of time. According to News 10 ABC, officials say the victim

Could there be a universal vaccine for any type of coronavirus, not just COVID-19?

At the dawn of the COVID-19 pandemic, vaccine makers raced to design a shot that perfectly matched the new virus's genetic code. Their efforts were successful, resulting in highly effective vaccines in record time. But the virus has continued to evolve into new, concerning variants, each with a slightly different genetic code. Although current vaccines still work well against new variants, they are no longer a perfect match. Vaccine makers like Pfizer and Moderna are now exploring tweaked booster shots to match the now-dominant omicron variant, but the U.S. government is aggressively pursuing a different approach: a pan-coronavirus vaccine that would work equally well against any COVID-19 variant. "Since September of 2020 there have been five SARS-CoV-2 variants of concern -- alpha, beta, gamma, delta and now, the current, omicron," Dr. Anthony Fauci said at a White House task force briefing Wednesday. "So, obviously, innovative approaches are needed.&qu

NYC to offer free, at-home delivery of COVID antiviral pills

On Sunday, Mayor Eric Adams was back to focusing on the pandemic, which in the last couple of weeks, cases were improving significantly. Adams says it helps that 75 percent of New Yorkers are now vaccinated, and access to testing is now better than ever. People can get vaccinated at home, test at home - and now, if they are COVID positive, as long as they have a prescribing doctor in the city, they can get medication delivered at home. "The city will also offer at-home delivery of COVID antiviral pills and to eligible New Yorkers who need them, and we're going to do it with the magic New York word - we're going to do it for free. For free," Adams said, "delivering the anti-viral pills to you at home if you're an eligible New Yorker and is for free." The city is already providing vaccines for free at home for those who request them. Delivery of the medications will work the same way -- so that no one who is sick has to go out and risk exposi

COVID Omicron News: Cases dropping in many states, hospitalizations down too

 NEW YORK (WABC) -- There are encouraging signs in the coronavirus pandemic, cases are down in 41 states and hospitalizations are also down 10% in the last week. But there are concerns about the low supply of what experts say may be a game-changing pill, Paxlovid from Pfizer, which is used to treat COVID-19. Most Americans won't have access to it for months, according to an ABC analysis. Also, the FDA recently removed authorization of monoclonal antibody treatments from Regeneron and Eli Lily.

Nearly 175K Patients Weren’t Told COVID Test Results Might Have Been Wrong

More than 174,000 people in Utah weren’t notified that their coronavirus test results were potentially incorrect, though state health officials had known for months that the hospital processing their tests might not have been complying with guidelines for accurate results. The Salt Lake Tribune reported Sunday that public officials knew about problems with testing at Timpanogos Regional Hospital as early as May 2020. Testing at the hospital’s lab was only suspended, over the use of “non-validated and non-verified instruments,” on Aug. 23. In that period, stretching more than three months, no patients were told about the possibility of false negatives or false positives, according to the Tribune. Though the hospital then drafted a letter about the risk of inaccuracy to be sent to just over 100,000 of the patients whose results had been flagged, it was never sent. Telling the affected people did nothing to aid “the public health imperative,” an official involved with the d

NYC sees rapid decline in Covid-19 cases. Here are the latest figures.

New York City is seeing a “rapid decline” in Covid-19 cases as it begins to emerge from the surge driven by the Omicron variant, Mayor Eric Adams announced Sunday. But the latest wave has had a grim toll: More than 2,300 New Yorkers have died of the coronavirus in the month of January alone. The city reported a seven-day average of 5,054 new virus cases in the latest stats , down from a high of over 43,000 in early January. And the city's positivity rate Saturday was 4.83 percent, the lowest of any region in the state. “All indicators are saying we’re heading in the right direction: a rapid decline in cases. They remain high, but they clearly are declining,” Adams said at a briefing at Jacobi Medical Center in the Bronx. Adams’s predecessor, former Mayor Bill de Blasio, put in place vaccination mandates for city workers, private sector employees and customers at indoor restaurants and entertainment venues — policies Adams credited with helping the city

Kidney Patient Rejects Transplant to Stay Anti-Vax

A North Carolina man who desperately needs a new kidney is rejecting a transplant because the coronavirus vaccine is required. “I was born free. I will die free,” double amputee Chad Carswell told WSOC. “I’m not changing my mind... I’ve had conversations with my family and everybody who is close to me and they know where I stand and there will not be a situation that occurs where I’ll change my mind on this topic.” The hospital, Atrium Health Wake Forest Baptist, requires the vaccine for anyone on a transplant list because those patients would be vulnerable to severe disease or death if they were infected after the operation—which would mean a scarce organ could go to waste.

Passive Income: How to Easily Earn $12 Every Single Day

  Image source: Getty Images Investing for passive income should be just that, passive. However, assets associated with passive income like investment properties, condo/vacation rentals, franchises, or small businesses can be both costly and take up a lot of time and energy. Likewise, most bonds are earning a negative return right now because inflation is high (less buying power) and interest rates are incredibly low. The stock market is a perfect place to earn passive income That is why I believe the Canadian stock market is one of the best places to collect regular, reliable passive income. Firstly, you get liquidity. Buying and selling stocks is inexpensive and there is always an open market (so long as you are willing to sell or buy what the market is willing to pay/sell at). Secondly, you get diversity. With stocks you don’t have to be stuck with a large investment in one business or asset class. You can buy a wide array of assets including real estate, infras