Global Statistics

All countries
529,736,730
Confirmed
Updated on May 25, 2022 11:36 pm
All countries
486,069,315
Recovered
Updated on May 25, 2022 11:36 pm
All countries
6,306,249
Deaths
Updated on May 25, 2022 11:36 pm
Thursday, May 26, 2022

Global Statistics

All countries
529,736,730
Confirmed
Updated on May 25, 2022 11:36 pm
All countries
486,069,315
Recovered
Updated on May 25, 2022 11:36 pm
All countries
6,306,249
Deaths
Updated on May 25, 2022 11:36 pm
Molderizer and Safe Shield

As Stocks Fall, Economic Fears Rise, Along With Inflation

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Effectiveness of Homologous and Heterologous Covid-19 Boosters against Omicron

To the Editor: For persons who received a single dose of the Ad26.COV2.S vaccine (Johnson & Johnson–Janssen) against coronavirus disease 2019 (Covid-19),...


Broadly speaking, earnings reports have shown that profit growth continues, and results from some big firms, like Microsoft and Facebook’s parent, Meta Platforms, did briefly ease the panic on Wall Street. About 80 percent of companies in the S&P 500 to report results through Thursday did better than analysts had expected, data from FactSet shows.

But other companies have only added to the downdraft. Netflix plunged after it said last week that it expected to lose subscribers — 200,000 in the first three months of the year, and an additional two million in the current quarter. The stock dropped more than 49 percent for the month.

On Friday, Amazon slid 14.1 percent after it reported its first quarterly loss since 2015, citing rising fuel and labor costs and warning that sales would slow. Its shares fell 23.8 percent in April.

General Electric warned on Tuesday that the economic fallout from Russia’s invasion of Ukraine would weigh on its results. Its shares fell 10 percent that day and about 18.5 percent for the month.

The war, which began in February, brought a new risk to the fragile global supply chain: Western countries’ sanctions on Russia, including a ban on oil imports from the country by the United States, and European promises to limit purchases of Russian oil and gas.

Now, executives are also assessing how the Covid-19 lockdowns in China, which has the world’s second-largest economy, could affect profit margins. Multiple Chinese cities are on lockdown, and although factories remain open, the country’s draconian “zero Covid” policy has led to interruptions in shipments and delays in delivery times.

Texas Instruments Inc. and the machinery maker Caterpillar cautioned investors this week that the lockdowns in China were affecting the company’s manufacturing operations. On Thursday, Apple also warned that the outbreak there would hamper demand and production of iPhones and other products. The company’s shares fell 3.7 percent on Friday, and ended April with a loss of 9.7 percent.

The outlook for the economy, the effects of the Ukraine invasion, the lockdowns in China and exactly how fast the Fed will raise interest rates are still not clear. Markets are likely to stay volatile until they are.

“There are definitely a lot of open-ended and unquantified risks looming,” said Victoria Greene, the chief investment officer at G Squared Private Wealth, an advisory firm. “The U.S. economy lives and dies for the consumer, and as soon as this consumer starts to slow down, I think that will hit the economy hard.”



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