Business

US consumer comfort tumbles to lowest point since July as COVID-19 surge cuts further into recovery optimism

2 days ago   |   By Business Insider

Yichuan Cao/NurPhoto via Getty Images
The Bloomberg Consumer Comfort Index dropped 1.2 points to 43.2 in the week ended January 10 according to data released Thursday.
The reading marks the lowest level since July and extends a streak of declines into its eighth week.
A gauge tracking Americans' views of their finances slid to 55.9 from 58.1, its lowest since late May.
The gauge's downtrend comes after rioters violently stormed the Capitol, COVID-19 cases continued to surge, and Democrats' victories in Georgia runoffs won the party control of the Senate.
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China COVID-19 cases surge to high in over 10 months; WHO team arrives

China COVID-19 cases surge to high in over 10 months; WHO team arrives

2 days ago   |   By China Travel & Tourism News

China reported its biggest jump in COVID-19 cases in more than 10 months as infections in northeastern Heilongjiang province nearly tripled, underscoring the growing threat ahead of a major national holiday when hundreds of millions of people usually travel. Aggressive containment measures including lockdowns, travel curbs and mass screenings have helped China bring cases down to a fraction of what it saw at the height of the pandemic in early 2020. But the country has yet to be able to completely stamp out the disease, which has now killed nearly 2 million worldwide, even as COVID-19...
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