As the United States is going into the holiday weekend, celebrating the country's Independence Day and the progress it made in the fight against the coronavirus together, the Biden administration is facing new challenges - the continued spread of the hyper-transmissible Delta variant and low vaccination rates in several parts of U.S. communities.
While the country continue to see overall low numbers of cases, hospitalizations, and deaths, a reverse upward trend was noticed in new cases in the past few days.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.