- Will the Fed Sink Emerging Markets (Again)?
- Powell Flags Risks of New Digital Financial Products
- China Grapples With How to Handle All the Mild Covid Cases
- Adults Hold the Line on Keeping Their Parents’ Phone Plans
- Moderna’s Covid-19 Vaccine Works Safely in Young Children, Company Says
Rate rises in the U.S. have led to emerging market financial crises in the past and might this time too, but don’t worry so much about the usual suspects.
Fed Chairman Jerome Powell said the central bank supported innovation in digital financial products but warned it is easy to see the risks of certain new technologies, including cryptocurrencies.
In the country’s zeal to quickly stamp out new infections, the drill has been to hospitalize every Covid-19 case and quarantine “close contacts”—a policy that is starting to wreak havoc on medical resources.
It might seem easy to joke about people in their 30s and 40s still being on their family’s plans. But those facing surging prices for everything from cars to cantaloupe say that bundled phone lines make good financial sense.
The shot generated strong immune responses in children 6 months to 5 years, says Moderna, which plans to seek authorization for use.
