China’s current COVID-19 outbreak is expected to reach a second peak in the coming months, according to Chinese epidemiologists. The first wave continues to engulf the country, killing large numbers of veteran Communist Party cadres and celebrities in various sectors and overwhelming China’s medical system. The peak date for the second wave of intensive infections will…

Price growth slowed its pace in April, with a key inflation gauge falling to a level well below analysts’ forecasts and fueling hopes that price pressures may be starting to dissipate. The Commerce Department reported on May 27 that the headline Personal Consumption Expenditures (PCE) price index, which is the inflation measure most closely watched by…

The Omicron wave of COVID-19 has peaked in the UK and cases are starting to decrease in all age groups and in almost all regions in the country, a British scientist said on Jan. 13. Tim Spector, professor of genetic epidemiology at King’s College London and the lead scientist on the ZOE COVID Study app,…

By Dave Goldiner From New York Daily News Dr. Anthony Fauci said the new year is bringing bad news as the highly transmissible omicron variant powers a “vertical spike” in COVID-19 cases. But even as omicron drives the worst caseloads of the entire pandemic, Fauci believes the wave could peak quickly. “Cases are not going…

LONDON/HONG KONG—Bitcoin hovered on Thursday below its all-time high struck a day earlier after the launch of the first U.S. bitcoin futures exchange-traded fund, though J.P. Morgan analysts voiced doubt over its impact on cryptocurrency investment flows. The world’s largest cryptocurrency traded flat at $66,032, erasing slim losses made in Asian trading hours, after hitting…

Dealmaking in the U.S. oil and gas industry in the third quarter of 2021 fell from a two-year high in the previous quarter, according to data analytics firm Enverus on Tuesday, as the industry cools from post-pandemic consolidations and focuses on selling off non-core assets. Mergers and acquisitions (M&A) activity in the July-September quarter totaled…

PARIS—World food prices rose for a second consecutive month in September to reach a 10-year peak, driven by gains for cereals and vegetable oils, the United Nations food agency said on Thursday. The Rome-based Food and Agriculture Organization (FAO) also projected record global cereal production in 2021, but said this would be outpaced by forecast…

KATHMANDU, Nepal—A record-holding Sherpa climber halted his attempt to scale Mount Everest for a 26th time because of a bad dream but plans to try again next year. Kami Rita already reached the summit of the world’s highest mountain for a record 25th time earlier this month but stopped his most recent climb more than…