US COVID cases at the highest levels since November, while the Northeast and Midwest are above delta peak

COVID cases continued to rise across the US on Monday and were trending at the highest levels seen since late November around the time that South African scientists first identified the highly transmissible omicron variant which quickly became dominant around the world. Sine then, the BA.2 variant of omicron, and two other subvariants named BA.2.12 … Read more

More and more people are turning to this housing idea, but obstacles still exist in the country

Janie Morisette taught school in Hardin, Montana for 32 years before retiring in 2019. Her longtime home, with five bedrooms, 2.5 baths, and an attached garage, was too much for a 72-year-old. She and her daughter, who lives in St. Paul, Minnesota, decided that Morisette would move to St. Paul and her daughter’s backyard in … Read more

Jared Kushner’s New Fund Plans to Invest Saudi Money in Israel

Jared Kushner’s new private-equity fund plans to invest millions of dollars of Saudi Arabia’s money in Israel startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $ 3 billion, including a $ 2 billion commitment from the kingdom’s … Read more

Jared Kushner’s New Fund Plans to Invest Saudi Money in Israel

Jared Kushner’s new private-equity fund plans to invest millions of dollars of Saudi Arabia’s money in Israel startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $ 3 billion, including a $ 2 billion commitment from the kingdom’s … Read more

Ships Carrying Russian Oil for EU Considers Insurance Ban

EU officials have proposed a ban on insured ships that carry Russian oil, a move aimed at blocking Russia’s access to global oil markets and the revenues that have fueled its military invasion of Ukraine. “In effect, it would be a very strong hindrance to export Russian crude,” said Lars Barstad, chief executive of Frontline … Read more

Fed, Lower-Income Areas for Biden Administration Float New Lending Rules

WASHINGTON — Top US banking regulators are poised to overhaul how banks leverage billions of dollars annually in low-income communities, after scrapping a Trump-era revamp that had divided regulators and industry officials. The latest proposal for the Modernize Rules of the 1977 Community Reinvestment Act is set to be aimed at ensuring that lower-income individuals … Read more

The Postpandemic Normal Is Here And It Is Not That Special

There are higher inflation and interest rates than the stock market’s downdraft. This is also a sign that the economy has arrived at a new postpandemic normal — and it is not as lucrative as investors have hoped. The Pandemic Catalyzed a once-in-a-generation change in consumer, worker and company behavior: From a shift to remote … Read more

South Africa hit by new subvariants of omicron that have been detected in the US in small numbers

A surge in COVID-19 cases in South Africa fueled by two new subvariants of omicron has raised concerns that they are even more transmissible than the BA.2 strain which has been dominant in the US since early April. The BA.4 and BA.5 subvariants have led to a tripling of cases in South Africa in the … Read more

South Africa hit by new subvariants of omicron that have been detected in the US in small numbers

A surge in COVID-19 cases in South Africa fueled by two new subvariants of omicron has raised concerns that they are even more transmissible than the BA.2 strain which has been dominant in the US since early April. The BA.4 and BA.5 subvariants have led to a tripling of cases in South Africa in the … Read more

Russia’s War in Ukraine Is Straining Global Economic Cooperation

WASHINGTON — A rift between Western democracies and Russia and China is the number of policy makers to keep out of the world. The US and its Western Allies are facing the task of underestimating the 20 economic powers of a group of leaders from Russia and Ukraine. They must not only confront Russia but … Read more