HomeTrading News‘We are in a recession’: Long-time bull Cathie Wood is warning investors about the ‘big problem’ in today’s economy. Here’s 3 stocks she likes right now

‘We are in a recession’: Long-time bull Cathie Wood is warning investors about the ‘big problem’ in today’s economy. Here’s 3 stocks she likes right now

Reuters

China’s Shanghai says new Omicron subvariant found

The city of Shanghai has discovered a COVID-19 case involving a new subvariant Omicron BA.5.2.1, an official told a briefing on Sunday, signalling the complications China faces to keep up with new mutations as it pursues its “zero-COVID” policy. The case, found in the financial district of Pudong on July 8, was linked with a case from overseas, said Zhao Dandan, vice-director of the city’s health commission. Shanghai, in eastern China, emerged from a lockdown lasting around two months at the start of June, but it has continued to impose tough restrictions, locking down buildings and compounds as soon as new potential transmission chains emerge.

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