Business > Economy

The Delta variant could make the American shopper go back into lockdown, BofA says

3 monthes ago   |   By Business Insider

Bolstered by three rounds of stimulus checks, US consumers have been spending more.
Justin Sullivan/Getty Images
The Delta variant could hurt the American shopper, and the economy, BofA Research says.
As the variant surges, economists predict a pullback in spending given concerns of catching it.
They cited Michigan, where spending declined after February's Covid wave, despite no change in restrictions.
See more stories on Insider's business page .
Something may be changing in the American economy for the worse, and it's because of the Delta Covid variant. At least that's what Bank of...
Read more ...

 


Search by Tags

   Economy      Republicans      Market      Markets      Delta variant      COVID      Consumers      Bank of America      Consumer spending      Trump      Biden      Stimulus      BofA research  


Chinese electric-vehicle maker Xpeng plans to mass produce flying cars by...

An Xpeng Voyager X2 electric flying car. Long Wei/VCG/Getty Images Chinese electric vehicle-maker Xpeng is planning to mass produce a flying car by 2024. The flying car is... Read more ...

Evergrande EV unit soars after chairman prioritised that business

Stock rose on the news that the group would make its EV unit its primary business, instead of its real estate one. Read more ...

Fauci disputes NIH-funded research at Wuhan Institute involved gain of...

Dr. Anthony Fauci, Director of the National Institute of Allergy and Infectious Diseases, testifies at a Senate Health, Education, Labor, and Pensions Committee hearing at the... Read more ...

Biogen CEO: ‘Major bottleneck' still limits Alzheimer's drug

A new Alzheimer's drug from Biogen brought in only $300,000 in sales during its first full quarter on the market, extending a slow debut complicated by coverage questions and... Read more ...

Fusion Beauty and Barber Expo strives to help salon industry rebound

Fusion Beauty and Barber Expo strives to help salon industry rebound

CHICAGO - As pandemic restrictions continue to lift, beauty and hair care professionals say business is returning. But many salons continue to endure staffing shortages and the... Read more ...

Grant Williams Is Giving The Boston Celtics A Much Needed Lift

Has Grant Williams been the Boston Celtics' most important player through three games? Read more ...

Facebook whistleblower Frances Haugen says she's supporting herself with...

Whistleblower Frances Haugen in a "60 Minutes" interview on October 3 said that Facebook had not done enough to halt the spread of misinformation. CBS News Frances Haugen told... Read more ...

Virtru launches zero-trust key management for entire Google ecosystem

Virtru launches zero-trust key management for entire Google ecosystem

Virtru's zero-trust software protects data throughout its lifecycle as it travels through email and file-sharing platforms Read more ...

Millions of second-hand or used nitrile gloves came into the US as scammers...

Close-up of a chemist putting on gloves in pharmacy. Luis Alvarez/Getty Images Scammers are washing and repackaging used medical gloves to sell to the US, CNN reported. Tens of... Read more ...

South Florida Football Coach Jeff Scott Praises Team's Togetherness During...

What made Saturday night's win over Temple especially rewarding for Jeff Scott is that it came one week after what he said was of one of the toughest losses of his career. Read more ...