Yes, Black Friday was painful for investors, but no need to panic

Black Friday is known for big discounts, but not like this one. Stocks, commodities and bond yields plunged Friday after news of a new coronavirus strain from South Africa, which was feared could trigger the next wave of the pandemic. The question for investors is whether these movements say more about the state of the … Read more

Covid fears dragged the markets down. This is when you should really start to worry.

It’s not over until it’s over. And the pandemic is not over yet. But while Covid ruined Black Friday for investors, all is not lost for this bull market. A new coronavirus strain discovered in South Africa called Omicron caused shares to fall sharply on Friday during a short-vacation trading session. The S&P 500 index … Read more

What happened in Wuhan? – WSJ

The first outbreak of the SARS-CoV-2 virus and the disease that would come to be known as Covid-19 occurred in the fall of 2019 in the Chinese city of Wuhan, but the world still doesn’t know exactly where the virus came from. Many scientists believe the most likely explanation is zoonotic spillover, a process in … Read more

Covid variant Omicon Rocks Markets. What has changed.

It took just hours for the market mood to shift from the bliss of a full Thanksgiving table to the panic of a new Covid-19 variant. The shock that spreads a new version of the virus caused the Dow Jones Industrial Average to fall 900 points on Friday, its worst performance in more than a … Read more

Covid testing company says PCR testing is effective against new Covid variant

Qiagen closed higher on Friday after the diagnostic company reaffirmed the effectiveness of its PCR tests against the new Covid variant, which shook stock markets on Friday. The stock closed 3.5% higher at $56.47. Qiagen (ticker: QGEN) said it has reviewed its SARS-CoV-2 PCR tests for the new genetic mutations of the variant, known for … Read more

What we know about the Omicron variant | Medicine

A new and potentially more transmissible coronavirus variant first identified in South Africa has sparked a new round of travel restrictions around the world and raised concerns about what might be next in the pandemic. The World Health Organization on Friday designated the species, now called Omicron, as a variant of concern and said multiple … Read more

Another reason why inflation may be here to stay

Those who argue that price increases are transient often point to the lack of much inflation in services. Services inflation appears reasonably under control, suggesting economists in “Team Transitory” that rising prices are the unpleasant hangover from Covid-19 disruptions, and that inflation should go away on its own. The story is powerful because there has … Read more

Covid testing company says PCR testing is effective against new Covid variant

Qiagen closed higher on Friday after the diagnostic company reaffirmed the effectiveness of its PCR tests against the new Covid variant, which shook stock markets on Friday. The stock closed 3.5% higher at $56.47. Qiagen (ticker: QGEN) said it has reviewed its SARS-CoV-2 PCR tests for the new genetic mutations of the variant, known for … Read more

Covid variant Omicon Rocks Markets. What has changed.

It took just hours for the market mood to shift from the bliss of a full Thanksgiving table to the panic of a new Covid-19 variant. The shock that spreads a new version of the virus caused the Dow Jones Industrial Average to fall 900 points on Friday, its worst performance in more than a … Read more

Zoom, Peloton and Moderna stocks are rising. Why the stay-at-home trade is back

Shares of stay-at-home stocks like Zoom Video Communications and vaccine makers like Moderna closed sharply on Friday as concerns about a new strain of Covid-19 shook global stock markets. Zoom Video (ticker: ZM), the video conferencing company, rose 5.7% to $220.01. Peloton (PTON), the maker of Internet-connected exercise bikes, closed with a gain of 5.7% … Read more