Gas prices reach fresh record high, why a booster may be more important than ever, and more COVID news | Nation


Here’s some COVID news for today, May 10:

Gas prices jump to fresh record highs

In another blow to the US economy, prices at the pump soared to fresh record highs.

The national average price for regular gasoline climbed more than four cents on Tuesday to $4.37 a gallon, according to AAA. That takes out the prior record of $4.33 set on March 11.

The gas spike — prices are up 17 cents in the past week alone — will only add to inflationary pressures that have raised recession fears, rocked financial markets and soured Americans’ views on the economy. Get more info on rising gas prices here:

Gas prices jump to fresh record highs

How China’s lockdowns are taking a toll on global companies

International brands are revealing the damage to their bottom lines from China’s “zero Covid” policy, where tens of millions of people remain in lockdown and almost every major business has been disrupted.

People are also reading…

  • Hochman: Dear NHL — change the playoff format back to the traditional 1-8, 2-7, 3-6, 4-5 format
  • Cardinals demote DeJong to Class AAA Memphis, set stage for Sosa’s return
  • Yep, yep, Yepez: Rookie delivers double that snaps ninth-inning tie, slingshots Cardinals to 3-2 win
  • St. Louis’ AT&T tower sells for $4.1 million, a fraction of its previous sale
  • St. Louis Alderman John Collins-Muhammad resigns
  • Ikea loses bid to slash St. Louis taxes
  • O’Neill loses arbitration case with Cardinals; Walsh up, Whitley down
  • Alabama jail official who helped inmate escape is dead after shooting herself
  • ‘Not good for St. Louis’: Air Force proposes slashing Boeing St. Louis’ F-15EX line
  • Hummel: Juan Yepez is going to be here a while
  • Controversial radio host Bob Romanik dead at 72
  • Four dead, three children in critical condition after crash on Delmar Boulevard in St. Louis
  • Tarasenko hat trick sparks Blues, who rally past Wild, 5-2
  • Editorial: Alito’s draft ruling is so self-contradictory that it calls court’s judgment into question
  • ‘Under cover of darkness’: The inside story of how the Rams worked the NFL and ditched St. Louis

In recent weeks, dozens of mainland Chinese cities, including the financial hub of Shanghai, have been locked down as authorities work to stamp out the coronavirus. For industries ranging from Big Tech to consumer goods, that’s destroying both supply and demand — and giving executives another major headache. Find out more here:

How China's lockdowns are taking a toll on global companies

Why Covid-19 vaccine boosters may be more important than ever

With waning immunity and a coronavirus that seems to become more infectious with each new variant, the Biden administration predicts that up to 100 million more people could get Covid-19 in the fall and winter. That estimate makes it crucial that as many people as possible get booster shots of Covid-19 vaccine, experts say. And if you’re eligible, it’s a good time to get a second booster.

Less than half of eligible Americans — only about a third of the total US population — have gotten a first booster dose, according to the US Centers for Disease Control and Prevention. Get more information here:

Why Covid-19 vaccine boosters may be more important than ever

CDC adds Caribbean getaway to its ‘high’ risk travel category

The US Centers for Disease Control and Prevention has added one destination — a relaxed Caribbean playground — to its “high” category for Covid-19 risk.

The British Virgin Islands moved up to Level 3 on Monday; it previously had been at Level 2.

The islands are known for the famous Virgin Gorda Baths (a bay dotted with giant granite boulders); water sports such as diving and sailing; and a pace that is more casual than some of the Caribbean’s hot spots. Get more CDC travel ratings here:

CDC adds a Caribbean getaway to its 'high' risk travel category

Peloton struggles to get the wheels turning

Peloton’s uphill ride to get more sales is getting rougher as more people return to gyms and other pre-pandemic exercise routines and embrace cheaper options.

The maker of high-end exercise bikes and treadmills, once highflying in the early days of the pandemic, on Tuesday reported mounting losses and slowing sale. It also offered a bleak sales outlook for the current quarter and said it had signed a commitment to borrow hundreds of millions of dollars, raising questions for some investors about the chances of a turnaround. Read more here:

Peloton headwinds stiffen as people break pandemic routines

Read more of today’s COVID headlines:

Pandemic gets tougher to track as COVID testing plunges

Janet Yellen warns of continued volatility in the economy

Biden goes on the defensive over inflation and gas prices as he tries to shift the focus to Republicans

States receive billions in extra federal Medicaid funds to cover more Americans during the pandemic


Source link

Next Post

How to increase your hotel’s room service revenue

[ad_1] Place provider at your hotel can be 1 of the trickiest sections of the organization to get suitable. It is a little something guests anticipate to have on provide, and they can get very easily let down if the practical experience does not meet their expectations. Area assistance is […]