Sentiment among American consumers fell to a decade low in late January, with Michigan University’s monthly confidence survey blaming the decline on pandemic fears and worries about high inflation. The University of Michigan’s Consumer Sentiment index fell to a reading of 67.2 in January from 70.6 in December, pushing the gauge to its lowest reading…
Consumer Sentiment Falls to 10-Year Low on Omicron, Inflation Woes
January 28, 2022
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Toyota Remains World’s Biggest Car Seller, Widens Lead on Volkswagen
January 28, 2022
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TOKYO—Japan’s Toyota Motor Co. said on Friday its vehicle sales rose by 10.1 percent last year, making it the world’s biggest carmaker for a second straight year and putting it further ahead of its nearest rival, Germany’s Volkswagen AG. The carmaker said sales were 10.5 million vehicles in 2021, including those by affiliates Daihatsu Motors…
Visa Profit Beats Quarterly Estimates on Higher Travel, Online Spending
NEW YORK—Visa Inc. beat Wall Street’s quarterly estimates on Thursday as more international travel and e-commerce drove an increase spending volumes. While travel spending has stalled since late December due to the Omicron variant of the coronavirus, Visa executives said they believe the recovery will resume and net revenue will grow in the second fiscal…
US Housing Market Grows $6.9 Trillion in 2021, Biggest Annual Gain in History
A fresh datapoint has emerged showing just how red-hot America’s housing market has been as the pandemic’s work-from-home revolution sent people on a buying spree that collided with slim supply to send the value of the U.S. housing stock soaring. The total value of homes in the United States surged by $6.9 trillion in 2021, according…
Apple Testing New Feature That Allows Masked iPhone Owners to Unlock Device Using Face ID
Apple is testing a new feature that will allow iPhone owners to unlock their device using Face ID even while wearing a mask, according to tech YouTuber Brandon Butch. The feature is part of Apple’s new set of beta trials for the next version of its operating system called iOS 15.4 and comes nearly two years after…
‘Uphill Battle’: Perth Business Shuts After 26 Years Over Vaccine Mandate
January 27, 2022
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Gareth and Tracy Wall held their breath as they hit publish on the social media post that would tell the community they were shutting the doors of their Australian business due to vaccine mandates. After 26 years, the Walls admitted that it was a “rush decision” to close the Hangout Indoor Rock-Climbing Centre in Perth,…
Weekly US Unemployment Claims Fall for First Time in a Month
The number of Americans applying for unemployment benefits for the week of Jan. 22 declined on a weekly basis for the first time in 2022, according to the Labor Department on Jan. 27. Jobless claims dropped to 260,000, following three weeks of increases amid a surge in Omicron cases. This was 30,000 fewer from the…
Intel Posts Record Quarterly Revenue, Sees Supply Strains Through Year
January 27, 2022
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Chipmaker Intel Corp. posted record fourth-quarter revenue, but forecast first-quarter earnings short of Wall Street expectations, as the world’s largest chipmaker faces challenges linked to persistent global supply chain problems. Intel shares, which initially fell about 3 percent in late trade, recovered some ground after the company expressed confidence in demand for its chips and…
Moderna Vaccinates First Participant in Trial of Omicron-Specific COVID-19 Booster
The first person has received Moderna’s COVID-19 vaccine booster that targets the Omicron virus variant, the company announced Wednesday. The Phase 2 study is expected to enroll approximately 600 adults 18 or older, half of whom have received two doses of Moderna’s original vaccine and half of whom have received both the primary two-dose series and a…
One Third of Airplane Pilots Still Not Flying Due to Pandemic
A new poll indicates that over one third of the world’s qualified pilots are currently out of work, likely as a result of reduced travel during the ongoing CCP (Chinese Communist Party) virus pandemic. A new survey conducted by GOOSE Recruitment, in tandem with industry publication FlightGlobal, indicated that only 62 percent of pilots are…
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