Three quarters of individuals in a recent poll believe that the nation will likely face an economic recession during the next 12 months, The Hill reported, citing a Hill-HarrisX survey which found that 33% view a recession as "very likely," while 42% think that a recession is "somewhat likely."
The World Health Organization appeared to skip two letters in the Greek alphabet ("Nu" and "Xi") when it announced on Friday the name for the latest coronavirus variant ("Omicron"), which was first identified in South Africa.
US President Joe Biden said on Friday that he is not concerned about the plunge in the US stock market and he had expected it over concerns related to the new Omicron coronavirus variant."I expected it," Biden told reporters when asked if he is worried about the stock market plunge.
The U.S. will restrict travel for non-U.S. citizens from South Africa and seven other countries on Monday after the World Health Organization (W.H.O.) labeled a new coronavirus strain a “variant of concern.”