Bloomberg - Evening Briefing - Covid’s economic toll

A year into the pandemic, the U.S. may be close to emerging from the economic hole dug by the coronavirus, and on the path to its biggest expansion in decades. President Joe Biden set July 4 as a goal for the country to begin returning to normal, with all adults eligible for vaccines by May 1. After the passage of his $1.9 trillion rescue bill, qualifying Americans may see their $1,400 payment as early as this weekend, though an estimated 8 million people were left out at the last minute. The coming rebound, however, worries some stock investors who have to recalibrate due to rising treasury yields. Still, millions remain without work and the pandemic continues to rage. In Europe, Italy is considering a return to lockdown as infections rise, and Hong Kong just sent hundreds of people into quarantine after an outbreak hit banks and gyms.

Bloomberg is tracking the progress of coronavirus vaccines while mapping the pandemic globally and across America

What youll want to read this weekend

The AstraZeneca vaccine is facing a series of setbacks after Thailand, Italy and Denmark temporarily halted its use following reports of possible blood clots. European regulators still back administering the vaccine. In the U.S., where more than 100 million doses have been administered, an online platform emerged to match vaccine seekers with leftover shots. 

A group of hackers breached thousands of security cameras, gaining access to live feeds inside a Tesla warehouse, hospitals, police departments, prisons and schools. Separately, Microsoft is warning of a new threat against unpatched networks following a recent global attack on its business email software allegedly perpetrated by hackers backed by the Chinese government.

Anyone can get famous on TikTok, YouTube, and Instagram, but it turns out that it’s harder to make a living that way if you’re Black. New data exposed precisely how White and male some U.S. companies are, and big tech companies are importing India’s caste legacy to Silicon Valley.

New York City restaurants, with indoor dining slowly resuming despite warnings from medical experts that it’s too soon, saw millennials coming back to order pricey wine. As New York state’s laser hair removal salons gear up for summer business, hoping to make up for lockdown losses, they may soon see expensive licensing and education requirements for the very first time.

Empty tables await diners at a restaurant in Manhattan on March 1.

Photographer: Spencer Platt/Getty Images North America

A digital certificate of Beeple’s artwork was sold for $69 million, blasting crypto art records. The art market of non-fungible tokens, or NFT, is all about the hype, Bloomberg columnist Leonid Bershidsky writes in Bloomberg Opinon.

What youll need to know next week

What youll want to read in Bloomberg Equality

Fund Managers Focus on Women’s Job Losses

Impax Asset Management moved swiftly last year to zero in on women’s job losses as Covid-19 swept across the U.S. Money managers at the firm reached out to corporate executives, asking them about their labor practices, with a particular focus on issues such as paid leave and flexible-work arrangements. Now, Impax is among investment managers seeking to highlight that the inequalities exacerbated by the coronavirus aren’t just a critical social problem, but also bad for business

Like getting Weekend Reading? Subscribe to Bloomberg.com for unlimited access to trusted, data-driven journalism and gain expert analysis from exclusive subscriber-only newsletters.

Bloomberg New Economy Conversations with Andrew Browne: Big Pharma joined with governments to deliver coronavirus shots in record time. The successful moonshot could spur future research into other affordable drugs to treat global diseases. Join us March 23 at 10 a.m. ET when Katalin Karikó, senior vice president of Covid vaccine pioneer BioNTech, and others discuss Vaccine Miracles and the New Promise of Science. Register here.

Download the Bloomberg app: It’s available for iOS and Android.

Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.

Older messages

100 million shots

Saturday, March 13, 2021

Bloomberg Follow Us Get the newsletter The US surpassed a major vaccination milestone, notching 100 million doses. In a national address Thursday night, President Joe Biden pressed Americans to get

Brexit infects the pandemic

Wednesday, March 10, 2021

Bloomberg Follow Us Get the newsletter US President Joe Biden's $1.9 trillion Covid-19 relief bill cleared its last hurdle Wednesday, with the House passing the final version. Biden plans to sign

GameStop’s ‘big sharks’

Tuesday, March 9, 2021

Bloomberg Follow Us Get the newsletter Among the known unknowns of the coronavirus pandemic's second year are what effect variants will have on the ongoing effort to successfully vaccinate the

Unmasking America

Monday, March 8, 2021

Bloomberg Follow Us Get the newsletter The US Centers for Disease Control and Prevention had a very bad year last year. Starting with its central role in botched tests and delays that allowed the

Pandemic land mines

Saturday, March 6, 2021

Bloomberg Follow Us Get the newsletter March has ushered in a wave of re-openings across the US, and Texas scrapped a requirement to wear masks. Commuting reached its highest level since the pandemic

You Might Also Like

🇨🇳 The US is out, China is in

Tuesday, March 11, 2025

Citigroup's forecast for US and Chinese stocks, Lego stacked bricks, and Boeing's investigation | Finimize Hi Reader, here's what you need to know for March 12th in 3:10 minutes. Citigroup

The Under-the-Radar Threat to Your Retirement

Tuesday, March 11, 2025

Nearly half of older adults are burdened by bad debt ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

15 Years Since We Bought Our Toxic Asset

Tuesday, March 11, 2025

In a new Planet Money plus episode, former Planet Money hosts David Kestenbaum and Chana Joffe-Walt look back at a pioneering series that sought to explain a major source of the 2008 financial crisis.

👋 Investors ditched the S&P 500

Monday, March 10, 2025

The US president didn't rule out a recession, but TSMC eased some of investors' other worries | Finimize Hi Reader, here's what you need to know for March 11th in 3:07 minutes. TSMC's

💳 Find a new credit card

Monday, March 10, 2025

Let's get those rewards ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Text and Telos

Monday, March 10, 2025

Plus! Diff Jobs; Scaling; Retail Investors; Comparative Advantage; Transaction Costs and Corporate Structure; DeepSeek Governance Text and Telos By Byrne Hobart • 10 Mar 2025 View in browser View in

Longreads + Open Thread

Saturday, March 8, 2025

Personal Essays, Lies, Popes, GPT-4.5, Banks, Buy-and-Hold, Advanced Portfolio Management, Trade, Karp Longreads + Open Thread By Byrne Hobart • 8 Mar 2025 View in browser View in browser Longreads

💸 A $24 billion grocery haul

Friday, March 7, 2025

Walgreens landed in a shopping basket, crypto investors felt pranked by the president, and a burger made of skin | Finimize Hi Reader, here's what you need to know for March 8th in 3:11 minutes.

The financial toll of a divorce can be devastating

Friday, March 7, 2025

Here are some options to get back on track ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Too Big To Fail?

Friday, March 7, 2025

Revisiting Millennium and Multi-Manager Hedge Funds ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏