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Coronavirus Update: Contrasting Views From Powell, Mnuchin; States Seek Payback

  • Coronavirus Update: Contrasting Views From Powell, Mnuchin; States Seek Payback Coronavirus Update: Contrasting Views From Powell, Mnuchin; States Seek Payback 2:24
    How artificial intelligence could predict the next natural disaster How artificial intelligence could predict the next natural disaster 3:27
4:11 a.m. June 20, 2020 - By Quentin Fottrell
My husband died from COVID-19. Will the IRS allow me to use his $1,200 stimulus check for funeral and medical expenses? ‘I am sure there are other senior citizens who have the same issues as me’‘I am sure there are other senior citizens who have the same issues as me.’
4:13 p.m. June 10, 2020 - Associated Press
PG&E brings in 11 new board members as part of bankruptcy overhaul Bankruptcy judge to rule on reorganization plan before June 30Pacific Gas and Electric on Wednesday announced the latest overhaul of its board of directors in another step toward the nation’s largest utility ending its bankruptcy.
9:06 a.m. June 10, 2020 - By Ciara Linnane
Coronavirus update: Global death toll passes 412,000, as Dr. Fauci warns that COVID-19 is far from over Starbucks expects to be profitable again by the fourth quarter, and Best Buy is letting customers back into its storesThe coronavirus pandemic that has cost more than 412,000 lives globally took just one month to span the globe and is still far from over, even as countries around the world move to lift quarantines, stay-at-home orders and other restrictions on movement.
10:06 a.m. June 4, 2020 - By Ciara Linnane
Coronavirus update: Global case tally climbs above 6.6 million and California reports a rise in infections amid protests and reopening Amazon is adding to its fleet of cargo jets at a time when aircraft values are depressed; Michaels Cos. earnings fall way shortThe number of confirmed cases of the coronavirus that causes COVID-19 rose past 6.6 million on Thursday, and California reported a rise in infections after weeks of slowing, raising concerns that the protests at the death of George Floyd, and the reopening of certain counties, are helping spread the illness.
12:59 a.m. June 2, 2020 - By Randi Mazzella
Demand is up, donations are down: It’s creating a food insecurity nightmare, especially for seniors How food programs are adapting and how you can helpMany older adults have lost income and some are fearful of going to the market.
4:25 a.m. May 21, 2020 - Barrons.com
Barron’s Daily: Stocks Sink on Trump Tweets and Five More Things to Know More pressure on China, the Fed knows what you know, branding safe flying and other news to start your day.
7:03 p.m. May 20, 2020 - Associated Press
Michigan floodwaters displace thousands, threaten Superfund site Owner of Edenville Dam, which breached, had been cited for non-compliance issues Floodwaters surging through Central Michigan on Wednesday were mixing with containment ponds at a Dow Chemical Co. plant and could displace sediment from a downstream Superfund site, though the company said there was no risk to people or the environment.
8:52 p.m. May 16, 2020 - Associated Press
Pompeo firing of State Department inspector general triggers probe by House Democrats Democrats demanded on Saturday that the White House hand over all records related to President Donald Trump’s latest firing of a federal watchdog, this time at the State Department, and they suggested Secretary of State Mike Pompeo was responsible, in what “may be an illegal act of retaliation.”
6:50 a.m. May 14, 2020 - By Larry Celona
NYC health commissioner rejects NYPD’s mask request: ‘I don’t give two rats’ asses about your cops’ The New York Police Department requested 500,000 surgical masks from the health commissionerNew York City’s health commissioner blew off an urgent NYPD request for 500,000 surgical masks as the coronavirus crisis mounted — telling a high-ranking police official that “I don’t give two rats’ asses about your cops,” The New York Post has learned.
2:43 a.m. May 14, 2020 - By Ciara Linnane
Coronavirus update: Global case tally tops 4.31 million as Russia sees spike in cases, Brazil and Mexico suffer deadliest day yet Tesla may be permitted to open California plant by next week — although Elon Musk has already reopened itThe number of global cases of COVID-19 rose above 4.31 million on Wednesday, as Russia counted another 10,000 infections and Brazil and Mexico suffered their deadliest day since the start of the pandemic.
7:12 p.m. May 13, 2020 - Associated Press
Trump wants schools to reopen, expresses frustration with Fauci Fauci expresses caution before Senate panel; ‘To me, it’s not an acceptable answer,’ president saysPresident Donald Trump called on governors across the nation Wednesday to work to reopen schools in their states, pointedly taking issue with Dr. Anthony Fauci’s caution against moving too quickly in sending students back to class.
7:47 p.m. May 12, 2020 - Associated Press
FEMA cancels $55.5 million contract for masks with company that has no history of selling masks Panthera failed to provide 10 million N95 face masks by deadlineThe federal government said it canceled a $55.5 million contract for respiratory masks, signed last month with a small Virginia firm with no history in the mask business and a parent company in bankruptcy.
1:04 a.m. May 12, 2020 - By Sean Pyles
Think it’s bad now? Wait until hurricane and fire seasons start A financial recovery kit will help you rally in a natural disaster—organize your documents now.Prepare your financial records and learn where to turn for help when natural disaster strikes.
12:08 p.m. May 10, 2020 - By Quentin Fottrell
New estimates on coronavirus fatalities make for chilling reading as U.S. states ease restrictions on social distancing ‘I don’t want to be Mr. Doom and Gloom,’ President Trump said‘I don’t want to be Mr. Doom and Gloom,’ President Trump said.
7:42 a.m. May 9, 2020 - By Jaimy Lee
Infectious-disease doctors ask government to explain how it decides who gets Gilead’s remdesivir Emergency-use authorization for remdesivir states that distribution of the drug will be controlled by the U.S. government, and several organizations have raised questions about access to the drugWithin a week of the Food and Drug Administration authorization of remdesivir as a COVID-19 treatment, clinicians are pushing the Trump administration to clarify how it is selecting which hospitals get access to the drug.
7:36 a.m. May 9, 2020 - By Ciara Linnane
Coronavirus update: U.S. economy sheds record-setting 20.5 million jobs and New York child dies of condition linked to virus Uber posts almost $3 billion loss in latest quarter and Roku says it saw a spike in ad cancellations The U.S. Labor Department said the pandemic cost 20.5 million jobs in April, pushing the unemployment rate to a post–World War II high and deepening the economic crisis, while in New York, a child died of a rare condition linked to the virus.
1:41 p.m. May 8, 2020 - Barrons.com
The Dow Rose 455 Points Because Job Losses Can’t Get Any Worse Stocks rallied even after the Labor Department said 20.5 million jobs were lost in April, as the coronavirus pandemic continues. The record-high number—while appalling—was largely expected.
3:19 a.m. May 6, 2020 - By Quentin Fottrell
‘Will some people be affected badly? Yes.’ As Trump says U.S. must reopen soon, question hangs in the air: Can the economy be saved without sacrificing lives? ‘What government does today will literally determine how many people live and how many people die,’ New York Gov. Andrew Cuomo said ‘What government does today will literally determine how many people live and how many people die,’ New York Gov. Andrew Cuomo said.
10:34 a.m. May 5, 2020 - By Ciara Linnane
Coronavirus update: Death tally tops 250,000; reports say internal projections show government expects surge in COVID-19 cases Starbucks expects to open 85% of U.S. stores this week and L Brand scraps Victoria’s Secret stake saleThe number of deaths from COVID-19, the illness caused by the novel coronavirus, rose above 250,000 on Tuesday, amid news reports that internal projections used by White House officials were forecasting a jump in U.S. cases to come, even as President Donald Trump urges states to reopen.
7:51 a.m. May 2, 2020 - By Ciara Linnane
Coronavirus update: More than a million people have recovered; Trump pushes China conspiracy theory Exxon Mobil posts first quarterly loss in decades, and Clorox produces a blowout report thanks to demand for disinfecting productsThe number of patients that have recovered from the coronavirus that causes COVID-19 rose to more than a million on Friday, offering a rare piece of good news in the pandemic that has caused more than 230,000 deaths and tanked economies around the world.
5:14 p.m. May 1, 2020 - Barrons.com
The Great Disconnect: Stocks and Just About Everything Else While the economy crumbles, and people lose jobs and lives, the market had a great April. Three states to keep an eye on to gauge whether America can come back, too, and whether this rally is real.
3:32 p.m. April 30, 2020 - Associated Press
Trump says U.S. can never declare ‘total victory’ over coronavirus More than 60,000 have died in U.S.; president predicts ‘spectacular’ economy in 2021President Donald Trump said Thursday that he believes the U.S. can never declare “total victory” over the coronavirus because too many people have died. But he added that he will count it a win when the virus is gone and the economy fully reopened.
3:20 p.m. April 30, 2020 - Barrons.com
Trump’s Plan to Support Nursing Homes Is Missing an Urgent Need The measures should bring some relief, but they did not focus on testing of long-term care facility residents and staff.
1:27 p.m. April 30, 2020 - By Robert Schroeder
FEMA will send protective equipment to nursing homes, Trump announces President says administration creating nursing-home safety commissionPresident Donald Trump on Thursday said the Federal Emergency Management Agency will send supplemental shipments of personal protective equipment to more than 15,000 Medicare- and Medicaid-certified nursing homes.
12:53 p.m. April 30, 2020 - By Robert Schroeder
Trump announces FEMA will send protective equipment to nursing homesPresident Donald Trump on Thursday said the Federal Emergency Management Agency will send supplemental shipments of personal protective equipment to more than 15,000 Medicare- and Medicaid-certified nursing homes. Speaking at the White House, Trump also announced the creation of a commission on nursing-home safety that he said will convene in May. Nursing homes have been hard hit by the COVID-19 outbreak, and Trump said the administration is "not happy" about how they have suffered during the pandemic.
1:15 p.m. April 29, 2020 - Associated Press
California seniors meal program to run out of money in two weeks California Gov. Gavin Newsom says the federal funds for the meals program are running outCalifornia Gov. Gavin Newsom’s first-in-the-nation plan to pay for and deliver three meals a day to vulnerable seniors during the coronavirus crisis has less than two weeks to launch before federal funding runs out, government documents show.
10:47 a.m. April 29, 2020 - By Alessandra Malito
Nursing home residents and staff could be in great danger if states open too soon ‘This virus is so infectious and so insidious — it will make its way into long-term care facilities’ ‘This virus is so infectious and so insidious — it will make its way into long-term care facilities’
10:36 a.m. April 29, 2020 - By Ciara Linnane
Coronavirus update: U.S. deaths to COVID-19 exceed Vietnam War toll, and Pence slammed for not wearing face mask Boeing and GE earnings fall short of expectations; Gilead reports positive data in early trial of remdesivir as treatmentThe U.S. death toll from the coronavirus that causes COVID-19 has surpassed the number of lives lost in the Vietnam War as more than 1 million Americans are confirmed to have had the deadly illness.
6:38 a.m. April 29, 2020 - Associated Press
Battered by floods, U.S. river communities try new remedies Floods in the Missouri, Mississippi and Arkansas river basins caused $20 billion in damage in 2019, the second-wettest year on recordHollywood Beach Road was once such prime real estate that the neighborhood had its own airstrip, enabling well-heeled residents to zip back and forth between homes in nearby St. Louis and weekend cottages on the Meramec River in suburban Arnold, Missouri.
4:14 a.m. April 29, 2020 - By Ciara Linnane
Honeywell to make hand sanitizer for frontline workers at plants in Michigan and Germany Defense company Honeywell International Inc. said Wednesday it is shifting manufacturing operations at two chemical facilities to produce hand sanitizer for government agencies suffering shortages during the coronavirus pandemic. Sites in Muskegon, Michigan and Seelze, Germany will temporarily change production lines over the next two months. The Muskegon plant makes high-purity solvents and blends with more than 1,500 products used in high-end applications such as DNA and RNA synthesis, environmental analysis, precision cleaning, pharmaceutical testing and various other laboratory applications, said Honeywell The plant has begun production of hand sanitizer that it will donate to the Federal Emergency Management Agency (FEMA). The German plant produces more than 500 products used for laboratory research and testing, inorganic fine chemicals for agriculture and automotive industries, electronic chemicals used in semiconductors, and microchips and authentication technologies used in high security and brand protection applications, including personal protection equipment, or PPE, which is much in demand among health care workers and other frontline workers. The plant has already sent one batch of industrial hand sanitizer to the Saxony Ministry of Health, Social Affairs and Equality, which will distribute it to local hospitals and factories. Honeywell is already making N95 masks from production lines in Arizona and Rhode Island to help with COVID-19 workers. Shares rose 2% in premarket trade, but are down 19% year-to-date, while the S&P 500 has fallen 11%.
11:23 a.m. April 24, 2020 - By Ciara Linnane
Coronavirus update: Maker of Lysol warns against injecting it and Russia sees major spike in virus cases overnight Google is halving its marketing budget and Boeing’s 737 Max fleet is expected to see further delay in resuming flightsThe manufacturer of Lysol and Dettol, health experts, and even the Environmental Protection Agency rushed to warn consumers Friday that President Donald Trump’s suggestion to inject disinfectant or use ultraviolet light to treat COVID-19 could prove lethal.
3:02 p.m. April 17, 2020 - By Anne Snabes
Treasury says it will act with ‘urgency’ on humanitarian requests involving sanctioned countries during coronavirus pandemic The head of the Office of Foreign Assets Control said Friday she wants to ensure that economic sanctions against foreign countries do not impede U.S. humanitarian relief for the COVID-19 pandemic, but the former director of the agency said the business community wants it to go further.
12:11 p.m. April 10, 2020 - Barrons.com
Domestic Manufacturing Is Critical to Maintaining U.S. Emergency Supplies The Covid-19 crisis has exposed severe gaps in manufacturing. U.S. firms must reconsider their reliance on globalized supply chains.
7:54 a.m. April 10, 2020 - By Claudia Assis
Boeing to deliver face shields to health workers treating coronavirus patientsBoeing Co. will deliver its first batch of reusable, 3D-printed face shields to healthcare workers treating COVID-19 patients, the company said Friday. The Department of Health and Human Services has accepted an initial shipment of 2,300 face shields on Friday, and the Federal Emergency Management Agency will deliver the shields to a convention center in Dallas, designated as an alternate care site to treat patients with COVID-19. "Boeing is set to produce thousands more face shields per week, gradually increasing production output" to meet the growing need for personal protective equipment in the U.S., the company said. Boeing will coordinate the distribution of additional face shields with U.S. officials, it said. The company is making the face shields at several of its production sites across the U.S. A Boeing supplier provided the clear film for the face shields, and another supplier donated the elastic used for the adjustable headbands, the company said. Boeing has halted aircraft production in several of its plants, including major ones in the states of South Carolina and Washington, to respond to social-distancing and non-essential work guidelines amid the coronavirus pandemic, which also has caused air travel to grind to a standstill. Boeing is still working on getting its 737 Max aircraft back to service after the plane family's groundings in March 2019 following two deadly crashes linked to a faulty anti-stall system.
11:01 a.m. April 9, 2020 - By Ciara Linnane
Coronavirus update: 1.54 million cases worldwide, 93,425 deaths and millions of Americans seek jobless benefits GE offers first glimpse of how the coronavirus is impacting its business and Starbucks says it has halved quarterly earningsThe number of Americans seeking jobless benefits soared again on Thursday, in the latest sign of how the coronavirus that causes COVID-19 is impacting all sectors of the economy, as companies are forced to furlough and lay off workers
12:42 p.m. April 8, 2020 - By Jeremy C. Owens
Ulta Beauty to furlough retail, salon employeesUlta Beauty Inc. announced Wednesday that it intends to furlough its retail workers as of April 19 due to the spread of COVID-19. "After thoughtful consideration, we have made the difficult decision to temporarily furlough many of our store and salon associates," Chief Executive Mary Dillon said in the announcement. Dillon will forego her base salary and has personally donated $500,000 to the Ulta Beauty Associate Relief Program, which will assist employees facing personal hardship from the coronavirus. Ulta continues to offer online sales, and is paying workers in its distribution centers an additional $2 an hour. The company also said it plans to donate 450,000 medical-grade gloves from its salons to hospitals nationwide in coordination with the Federal Emergency Management Agency.
4:05 p.m. April 6, 2020 - Associated Press
White House blames states for requesting more medical supplies than needed Kushner claims problem isn’t lack of supplies, but that they aren’t where they need to beThe White House said Monday that some states are requesting far more medical supplies than they need to fight the coronavirus pandemic, pushing back against criticism that the distribution of vital equipment has been chaotic.
6:14 a.m. April 5, 2020 - By Tomi Kilgore
3M hits back at Trump, says ceasing exports of N95 masks will have ‘opposite’ effect, humanitarian consequences Company says to stop exporting face masks would lead to retaliation and a decrease in supply; one expert says lack of raw materials is the real issue3M Co. responded Friday to criticism from President Donald Trump, saying the request to cease exports of much-needed N95 masks to fight the COVID-19 pandemic will not only have the ‘opposite’ effect of what is needed, but also ‘significant humanitarian’ consequences.
1:17 p.m. April 4, 2020 - Associated Press
Hunt for medical supplies creates marketplace of desperation What sounds like an organized-crime thriller is now the new reality for U.S. governors desperately trying to find the medical equipment they need to cope with the coronavirus pandemicWith the federal stockpile dwindling fast, and the Trump administration limiting access to what’s left, U.S. state governors are going to extraordinary measures on their own to secure faces masks, ventilators, gloves and other equipment essential to fighting the outbreak.
3:01 p.m. April 3, 2020 - Barrons.com
New York City’s Economy Is in the Crucible of the Crisis The metropolis’ likely financial woes are a preview of what many U.S. cities and states will face.
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