
Omicron slams into American businesses: 'We've taken a big nose dive'
CNN
Business was starting to turn around for Lido, an Italian restaurant in Harlem, after a grinding 20 months.
The 11-year-old restaurant with a James-Beard-award-winning head chef survived the traumatic spring of 2020, when New York City became the center of the coronavirus crisis in the United States. Lido shut down and then pivoted to outdoor dining. It navigated changing Covid-19 safety rules, mask requirements and vaccine mandates, supply chain delays, rising inflation, a labor shortage, and other challenges as it clawed its way to recovery.
"We were getting close to 100%," Susannah Koteen, who owns Lido and two other restaurants in New York City, said Monday.

If paying $1,000 for a new iPhone already sounded expensive, consumers should brace for even greater sticker shock later this year. President Donald Trump’s tariffs on foreign goods – specifically those sourced from China – are expected to heighten the prices of everyday tech products, from iPhones to laptops, cars and even smaller gadgets like headphones and computer mice.

The US stock market, fresh off its third-best day in modern history, is sinking back into reality: Although President Donald Trump paused most of his “reciprocal” tariffs, his other massive import taxes have already inflicted significant damage, and the economy won’t easily recover from the fallout.

The US stock market, fresh off its third-best day in modern history, is sinking back into reality: Although President Donald Trump paused most of his “reciprocal” tariffs, his other massive import taxes have already inflicted significant damage, and the economy won’t easily recover from the fallout.