Nasdaq sinks into correction territory in broad decline

Wall Street’s main indexes ended sharply lower on Wednesday, with the tech-heavy Nasdaq confirming it was in a correction, after a diverse set of corporate earnings and as investors continued to worry about higher U.S. Treasury yields and the Federal Reserve tightening monetary policy.

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Scientists see COVID cases decline in parts of the world following Omicron spike

New York City, one of the first places in the U.S. hit by the Omicron variant, is recording a decline in both new cases and hospitalizations — similar to South Africa, where the strain was first detected. CBS News foreign correspondent Debora Patta reports. Dr. Susannah Hills, a pediatric airway surgeon and assistant professor of ENT at Columbia University, joins CBSN to discuss the latest on the pandemic.

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Scientist see decline in COVID ahead as infections drop in parts of the world

New York City, one of the first places in the U.S. hit by the Omicron variant, is recording a decline in both new cases and hospitalizations — similar to South Africa, where the strain was first detected. CBS News foreign correspondent Debora Patta reports. Dr. Susannah Hills, a pediatric airway surgeon and assistant professor of ENT at Columbia University, joins CBSN to discuss the latest on the pandemic.

CBSN is CBS News’ 24/7 digital streaming news service featuring live, anchored coverage available for free across all platforms. Launched in November 2014, the service is a premier destination for breaking news and original storytelling from the deep bench of CBS News correspondents and reporters. CBSN features the top stories of the day as well as deep dives into key issues facing the nation and the world. CBSN has also expanded to launch local news streaming services in major markets across the country. CBSN is currently available on CBSNews.com and the CBS News app across more than 20 platforms, as well as the Paramount+ subscription service.

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COVID-19: Infections appear to decline in Australia but hospitalisations remain high

Australia has recorded its lowest COVID-19 tally in a week. There are nearly 74,000 fresh infections, with most of them being reported in New South Wales and Victoria. But hospitalisations remain a concern. Officials say a runaway Omicron outbreak has driven up the numbers, with more people admitted than at any time in the pandemic. They have renewed calls for people to get vaccinated.

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COVID-19: India’s Delhi and Mumbai report sharp decline in infections

The Indian cities of Delhi and Mumbai have recorded a sharp decline in daily COVID-19 cases. But the country has still seen more than 258,000 additional infections. However, most are asymptomatic or have been recovering at home. While the Omicron surge has not had a big impact on the healthcare system, doctors are warning against complacency.

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China says COVID-19 outbreak in Xi’an ‘effectively controlled’ as cases decline

The COVID-19 outbreak in China’s Xi’an has been "effectively controlled". Officials said the city has largely been cleared of community spread, even as over 60 fresh local infections have been confirmed. The city of 13 million people has been locked down for just over two weeks. Xi’an has suspended all international and domestic passenger flights until further notice. China is racing to stamp out the coronavirus as the Beijing Winter Olympics loom, as well as the peak Chinese New Year travel season on the horizon.

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Omicron variant on the decline in South Africa | DW News

In South Africa, it seems as if the omicron wave may be on the way out — without the feared surge in hospitalizations and deaths. Officials say there is still reason to be cautious, but they have loosened coronavirus restrictions as case numbers drop.

It was just over six weeks ago, November 24th, when the world’s first case of Omicron was announced. Then, New cases shot up, peaking at some 127,000 in the middle of December.

Daily infection cases then fell by roughly a third in the week ending on Christmas Day, and they have fallen dramatically since.

Just ahead of New Year’s Eve, the South African government lifted a late-night curfew. Social distancing and mask mandates are still in place, though. And officials say Omicron is still a threat.

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