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Asia shares slip as investors weigh omicron economic risks

Asian shares have fallen, with South Korea's benchmark down 2.4%, as investors cautiously weigh how much damage the new omicron coronavirus variant may unleash on the global economy

2 hours ago

Trader Michael Milano works on the floor of the New York Stock Exchange, Monday, Nov. 29, 2021. Stock indexes are edging higher on Wall Street Monday as markets regain their footing following a big stumble on Friday on worries about the spread of the new variant of the coronavirus. (AP Photo/Richard Drew)

In shadow of Texas gas drilling sites, health fears escalate

Next to a North Texas day care center is a site where Total Energies is pumping for natural gas

November 30

In shadow of Texas gas drilling sites, health fears escalate

Next to a North Texas day care center is a site where Total Energies is pumping for natural gas

November 30

China manufacturing improves as power shortages ease

A survey shows China's manufacturing activity rebounded in November as orders improved and power shortages eased

November 29

In this photo released by Xinhua News Agency, a worker cleans a piano at a production factory of Parsons Music Corporation in Yichang in central China's Hubei Province, Nov. 23, 2021. China's manufacturing activity rebounded in November as orders improved and power shortages eased, a survey showed Tuesday, Nov. 30, 2021. (Xiao Yijiu/Xinhua via AP)

By the Numbers: Small retailers face new struggles

A look at small businesses during the busiest shopping week of the year, as COVID-19, inflation, and supply chain disruptions spark new caution and concerns.

November 29

VIDEO: By the Numbers: Small retailers face new struggles

Chris Cuomo's off-air role: Brother Andrew's strategist

Transcripts released Monday shed new light on how CNN anchor Chris Cuomo than previously known in helping defend his brother, former New York Gov. Andrew Cuomo, from sexual harassment allegations that forced him out of office

November 29

FILE - New York Gov. Andrew M. Cuomo appears during a news conference about COVID-19 at the State Capitol in Albany, N.Y., on Dec. 3, 2020, left, and CNN anchor Chris Cuomo attends the 12th annual CNN Heroes: An All-Star Tribute at the American Museum of Natural History in New York on Dec. 9, 2018. Transcripts released Monday, Nov. 29, 2021, shed new light on CNN anchor Chris Cuomo's behind-the-scenes role advising his brother, former New York Gov. Andrew Cuomo, in the face of sexual harassment allegations that forced him from office. (Mike Groll/Office of Governor of Andrew M. Cuomo via AP, left, and Evan Agostini/Invision/AP, File)

US stocks start higher, regaining footing after slump Friday

Asian shares are mixed as investors continue to cautiously weigh how much damage the new omicron coronavirus variant may unleash on the global economy

November 29

People stand by an electronic stock board of a securities firm in Tokyo, Monday, Nov. 29, 2021. Asian stock markets fell further Monday after the omicron variant of the coronavirus was found in more countries and governments imposed travel controls. (AP Photo/Koji Sasahara)

Christmas tree farmers prepare for bigger crowds, more demand this holiday season

One tree farm in California expanded its workforce to keep up with orders.

November 29

At Boyd Mountain Christmas Tree Farm in Waynesville, North Carolina, customers can cut down their own Christmas tree.

LA begins enforcing strict mandate requiring proof of vax

Enforcement began in Los Angeles for one of the strictest vaccine mandates in the country

November 29

Patrons Naomi and Troy DeMontmorency, from Kern County, Calif., show their digital vaccination certificates to waiter Juan Rodrigues, left, before being allowed to enter the Fred 62 restaurant in the Los Feliz neighborhood of Los Angeles, Monday, Nov. 29, 2021. Enforcement began Monday in Los Angeles for one of the strictest vaccine mandates in the country, a sweeping measure that requires proof of COVID-19 shots for everyone entering a wide variety of businesses from restaurants to theaters and gyms to nail and hair salons. (AP Photo/Damian Dovarganes)

New Twitter CEO steps from behind the scenes to high profile

Newly named Twitter CEO Parag Agrawal (PUH-rag AH-gur-wahl) has emerged from behind the scenes to take over one of Silicon Valley's highest-profile and politically volatile jobs

November 29

Cyber Monday caps holiday shopping weekend as virus lingers

Americans are spending freely and going back to store shopping, knocking out some of the momentum in online sales from last year when Americans were making many of their purchases exclusively via the internet

November 29

FILE - In this Nov. 29, 2010 file photo, a consumer looks at Cyber Monday sales on her computer at her home in Palo Alto, Calif. Consumers are expected to spend between $10.2 billion and $11.3 billion on Monday, Nov. 29, 2021 making it once again the biggest online shopping day of the year, according to Adobe Digital Economy Index. (AP Photo/Paul Sakuma, File)

Amazon workers in Alabama get a do-over in union election

A new union election for Amazon workers in Bessemer, Alabama will be held based on objections to the first vote that took place in April

November 29

FILE - In this March 30, 2021 file photo, a banner encouraging workers to vote in labor balloting is shown at an Amazon warehouse in Bessemer, Ala. A labor official is confirming a new union election for Amazon workers in Bessemer, based on objections to the first vote in a rare move. The decision was first announced on Monday, Nov. 29, 2021 by the Retail, Wholesale and Department Store Union, which spearheaded the union organizing movement (AP Photo/Jay Reeves, File)

The Latest: CDC says ages 18 and up should get booster shot

The Centers for Disease Control and Prevention on Monday broadened its recommendation for COVID-19 booster shots for all adults as the new omicron variant is identified in more countries

November 29

Passengers queue to check in at Heathrow Airport in London, Monday, Nov. 29, 2021. The new potentially more contagious omicron variant of the coronavirus popped up in more European countries on Saturday, just days after being identified in South Africa, leaving governments around the world scrambling to stop the spread. In Britain, Prime Minister Boris Johnson said mask-wearing in shops and on public transport will be required, starting Tuesday. (AP Photo/Frank Augstein)

Portugal probes local transmission of omicron at soccer team

Portuguese health authorities have identified 13 cases of the omicron coronavirus variant among members of a top soccer club, and were investigating possible local transmission of the virus outside of southern Africa

November 29

Belenenses' Joao Monteiro, center right, a goalkeeper who had to start as a field player, leaves the pitch with goalkeeper Alvaro Ramalho at the end of the Portuguese Primeira Liga soccer match between Belenenses SAD and SL Benfica, Saturday, Nov. 27, 2021. Belenenses SAD started the match with only nine players due to a coronavirus outbreak. Portuguese health authorities on Monday, Nov. 29, 2021, identified 13 cases of omicron, the new coronavirus variant spreading fast globally, among members of Belenenses SAD. (AP Photo/Pedro Rocha)

States, cities running out of rental assistance monies

The Treasury Department says several states and cities have exhausted their federal rental assistance in a sign that spending on a program aimed at averting evictions has picked up speed

November 29

FILE - Gene Sperling, who leads the oversight for distributing funds from President Joe Biden's $1.9 trillion coronavirus rescue package, speaks during the daily briefing at the White House in Washington, on Aug. 2, 2021. The Treasury Department says several states and cities have exhausted their federal rental assistance in a sign that spending on a program aimed at averting evictions has picked up speed. The federal government is forecasting that upwards of $30 billion allocated for rental assistance will be disbursed by the end of the year. (AP Photo/Susan Walsh, File)

Powell says COVID variant clouds inflation, economic outlook

Federal Reserve Chair Jerome Powell says that the appearance of a new COVID-19 variant could slow the economy and hiring

November 29

FILe - Federal Reserve Chairman Jerome Powell speaks during an event in the South Court Auditorium on the White House complex in Washington, on Nov. 22, 2021. Powell says that the appearance of a new COVID-19 variant could slow the economy and hiring. He also says it raises uncertainty about inflation. Powell says in remarks to be delivered to the Senate Banking Committee Tuesday that he recent increase in coronavirus cases and the emergence of the omicron variant pose downside risks to employment and economic activity and increased uncertainty for inflation. (AP Photo/Susan Walsh, File)

Twitter CEO steps down, leaves company at a crossroads

Jack Dorsey is leaving his post as Twitter's chief executive

November 29

FILE - In this Oct. 28, 2020, file photo, Twitter CEO Jack Dorsey appears on a screen as he speaks remotely during a hearing before the Senate Commerce Committee on Capitol Hill, in Washington. Shares of Twitter are surging at the market open on Monday, Nov. 29, 2021 following a report that Dorsey will be stepping down from his post. (Michael Reynolds/Pool Photo via AP, File)

Economic impact of new COVID-19 variant omicron

Yahoo finance reporter Alexis Christoforous discusses the risks of the new omicron variant and the economic impact in terms of inflation, unemployment, supply chain issues and more.

November 29

VIDEO: Economic impact of new COVID-19 variant omicron

Vaccine makers optimistic about producing omicron-specific shots if needed

Scientists say the vaccines that use genetic technology can be easily tweaked.

November 29

A doctor holds a vial of Moderna COVID-19 vaccine at a Moderna clinical trial for adolescents being conducted in Orlando, Fla., Sept. 25, 2021.

How major US stock indexes fared Monday

The stock market steadied itself Monday following a slide last week brought on by the newest coronavirus variant

November 29

Hertz, Lee Enterprises rise; Walmart, Peloton fall

Stocks that traded heavily or had substantial price changes Monday: Hertz, Lee Enterprises rise; Walmart, Peloton fall

November 29

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels

November 29

Twitter CEO Jack Dorsey resigning

Jack Dorsey co-founded Twitter in 2006.

November 29

Nissan to invest $17.6 billion to accelerate electrification plans

"The role of companies to address societal needs is increasingly heightened."

November 29

A Nissan Leaf electric car gets charged in London, March 5, 2021.

Food, gas prices pinch families as inflation surges globally

Rising prices are fueled by high energy costs and supply chain disruptions.

November 29

FILE - A Black Friday shopper wearing a face mask leaves a Walmart store with a TV in Pic Rivera Calif., Friday, Nov. 26, 2021. From appliance stores in the United States to food markets in Hungary and gas stations in Poland, rising consumer prices fueled by high energy costs and supply chain disruptions are putting a pinch on households and businesses worldwide. As economies recover from lockdowns caused by the COVID-19 pandemic, increased consumer demand has helped lead to rising inflation. (AP Photo/Ringo H.W. Chiu, File)

Couple detained on plane after leaving Dutch quarantine

Dutch military police have arrested a husband and wife who left a hotel where they were being quarantined after testing positive for COVID-19 and boarded a plane bound for Spain

November 29

Exterior view of the hotel in Badhoevedorp near Schiphol Airport, Netherlands, where Dutch authorities have isolated 61 people who tested positive for COVID-19 on two arriving flights originating from South Africa, Saturday, Nov. 27, 2021. Authorities are carrying out further investigations to see if any of the travelers have the omicron variant. (AP Photo/Peter Dejong)

Sputnik V maker: Vaccine could be adapted to fight omicron

The developer of Russia's Sputnik V vaccine says it will work on adapting it to the new omicron COVID-19 variant

November 29

FILE - A healthcare worker prepares a dose of the Sputnik V vaccine for COVID-19 as seniors and those considered high risk for contagion are eligible at a vaccination center set up in the parking lot of the Armed Forces Social Prevision Institute (IPSFA) in Caracas, Venezuela, June 7, 2021. On Monday, the U.S. will implement a new air travel policy to allow in foreign citizens who have completed a course of a vaccine approved by the Food and Drug Administration or the World Health Organization. That leaves people in Mexico, Hungary, Russia and elsewhere who received the non-approved Russian Sputnik V vaccine or the China-produced CanSino vaccine ineligible to board U.S.-bound flights. (AP Photo/Matias Delacroix,. File)

Twitter co-founder and CEO Jack Dorsey resigning

Dorsey announced the news in a tweet Monday.

November 29

Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., speaks during the Bitcoin 2021 conference in Miami, June 4, 2021.

German governors, Merkel to discuss virus outbreak

Chancellor Angela Merkel will hold talks with the governors of Germany's 16 states amid growing concern about the steep rise in new coronavirus cases in the country

November 29

A woman prepares her face mask due to the coronavirus pandemic in Gelsenkirchen, Germany, Monday, Nov. 29, 2021. (AP Photo/Martin Meissner)

EXPLAINER: What we know and don't know about omicron variant

The World Health Organization says it could still take some time to get a full picture of the threat posed by omicron, a new variant of the coronavirus as scientists worldwide scramble to assess its multiple mutations

November 29

Millions of German state employees to get raise, COVID bonus

About 3.5 million state-level employees and civil servants in Germany will receive a 2.8% raise and a tax-free COVID bonus of about $1,470 next year

November 29

UK set to expand COVID vaccine boosters amid omicron fears

The independent body advising the British government on the rollout of coronavirus vaccines will decide whether to expand the booster program to younger age groups following the discovery of the new omicron variant

November 29

Passengers get a COVID-19 test at a Testing Centre at Heathrow Airport in London, Monday, Nov. 29, 2021. The new potentially more contagious omicron variant of the coronavirus popped up in more European countries on Saturday, just days after being identified in South Africa, leaving governments around the world scrambling to stop the spread. In Britain, Prime Minister Boris Johnson said mask-wearing in shops and on public transport will be required, starting Tuesday. (AP Photo/Frank Augstein)

WHO chief: Omicron shows need for global accord on pandemics

The World Health Organization is pushing for an international accord to help prevent and fight future pandemics amid the emergence of a worrying new omicron COVID-19 variant

November 29

This Week: Consumer confidence, Beige book, Nonfarm payrolls

The Conference Board delivers its monthly index of U.S. consumer confidence Tuesday

November 29

Researchers try producing potato resistant to climate change

University of Maine researchers are trying to produce potatoes that can better withstand warming temperatures as the climate changes

November 28

FILE — Potatoes await harvesting at Green Thumb Farms, Sept. 27, 2017, in Fryeburg, Maine. University of Maine researchers are trying to produce potatoes that can better withstand warming temperatures as the climate changes. (AP Photo/Robert F. Bukaty, File)

Lee Enterprises tries to ward off hostile takeover by Alden

The Lee Enterprises newspaper chain has adopted a "poison-pill" plan to protect itself from a hostile takeover while it considers an unsolicited offer from hedge fund Alden Global Capital to buy Lee for $24 a share

November 28

Community systems offer alternative paths for solar growth

They're larger than home rooftop systems, smaller than utility-scale complexes.

November 28

Thousands protest coronavirus restrictions in Czech capital

Thousands have rallied in the Czech capital to protest the government's restrictive measures to tackle a record surge of coronavirus infections

November 28

Health workers at the Motol University Hospital take out of army helicopter one of the patients with COVID-19, who was transported to Prague from a hospital in Brno, Czech Republic, Thursday, Nov. 25, 2021. COVID spread reaches another record in Czech Republic, with 27,717 new confirmed COVID cases on Thursday, another daily maximum since the start of the epidemic. (Vit Simanek / CTK via AP)

COVID variant spreads to more countries as world on alert

The new potentially more contagious omicron variant of the coronavirus has popped up in more European countries, just days after being identified in South Africa

November 27

A sign reading 'Stay safe' in Regent Street, in London, Friday, Nov. 26, 2021. A slew of nations moved to stop air travel from southern Africa on Friday, and stocks plunged in Asia and Europe in reaction to news of a new, potentially more transmissible COVID-19 variant. (AP Photo/Alberto Pezzali)

Black Friday online sales dip for 1st time, Adobe finds

Consumers started spending earlier in the holiday season, the company said.

November 27

South African scientists brace for wave propelled by omicron

Worried scientists in South Africa are scrambling to combat the lightning spread across the country of the new and highly transmissible omicron COVID-19 variant as the world grapples with its emergence

November 27

Students from the Tshwane University of Technology make their way back to their residence in Pretoria, South Africa, Saturday, Nov. 27, 2021. As the world grapples with the emergence of the new variant of COVID-19, scientists in South Africa — where omicron was first identified — are scrambling to combat its spread across the country. (AP Photo/Denis Farrell)

Russia jails 5 people over coal mine disaster that killed 51

A Russian court has ordered five people to remain in pre-trial detention for two months pending an investigation into a devastating blast in a coal mine in Siberia that resulted in dozens of deaths

November 27

Ambulances and fire trucks are parked near the Listvyazhnaya coal mine out of the Siberian city of Kemerovo, about 3,000 kilometres (1,900 miles) east of Moscow, Russia, Thursday, Nov. 25, 2021. A fire at a coal mine in Russia's Siberia killed 11 people and injured more than 40 others on Thursday, with dozens of others still trapped, authorities said. (Governor of Kemerovo region press office photo via AP)

Amid riots, France to consider some autonomy for Guadeloupe

France's government is offering to discuss greater autonomy for the French Caribbean island of Guadeloupe

November 27

Debris left by demonstrators block a street of Le Gosier, Guadeloupe island, Sunday, Nov.21, 2021. French authorities sent police special forces to the Caribbean island of Guadeloupe, an overseas territory of France, as protests over COVID-19 restrictions erupted into rioting and looting for the third day in a row. On Sunday, many road blockades by protesters made traveling across the island nearly impossible. (AP Photo/Elodie Soupama)

Shippers prepare for another pandemic crush of holiday gifts

Postal workers who recall packages and letters piled up in distribution hubs a year ago are gearing up for another holiday crush

November 27

A worker carries a large parcel at the United States Postal Service sorting and processing facility, Thursday, Nov. 18, 2021, in Boston. Last year's holiday season was far from the most wonderful time of the year for the beleaguered U.S. Postal Service. Shippers are now gearing up for another holiday crush.(AP Photo/Charles Krupa)

India asks Starlink to obtain license for internet services

The Indian government has asked Starlink Internet Services of Elon Musk's SpaceX aerospace company to comply with the country's regulatory framework before offering its satellite-based internet services

November 27

Macao detains Suncity boss over illegal gambling

China previously issued an arrest warrant for the company leader.

November 27

The website for Suncity Group is seen on a computer screen in Beijing, China, Saturday, Nov. 27, 2021. Chinese authorities have issued an arrest warrant for the head of Suncity Group, Macao's biggest junket organizer over accusations that he helped run an illegal cross-border gambling syndicate. (AP Photo/Ng Han Guan)

Ship's master said he spent 50 hours sleepless before crash

Federal investigators say an oil tanker hit an oil platform at night off Louisiana because its Turkish operating company didn't give the ship's master time to recover from 50 hours of sleepless travel

November 27

Black Friday is back but it's not what it used to be

On this year's Black Friday, things almost seem normal

November 26

Black Friday shoppers, wearing face masks, carry bags at the Citadel Outlets in Commerce, Calif., Friday, Nov. 26, 2021. (AP Photo/Ringo H.W. Chiu)

Stocks sink on new COVID variant; Dow loses 905 points

A surge in cases and anti-disease controls threaten to disrupt trade and travel.

November 26

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI) at a foreign exchange dealing room in Seoul, South Korea, Friday, Nov. 26, 2021. Asian stock markets sank Friday as traders watched a surge in coronavirus cases in Europe and anti-disease controls that threaten to disrupt trade and travel.(AP Photo/Lee Jin-man)

Climate activists block Amazon UK warehouses on Black Friday

Climate activists are blockading Amazon warehouses across the U.K. on Friday.

November 26