1:12 p.m. Dec. 3, 2020
- By Ciara Linnane
U.S. posts record one-day COVID death toll — before the predicted post-Thanksgiving surge December, January and February will be the ‘most difficult time in the public health history of this nation, largely because of the stress that it’s going to put on our health-care system,’ says CDC head Robert RedfieldThe U.S. hit some grim milestones in the coronavirus pandemic in a single day Wednesday, with a record number of fatalities and more than 100,000 COVID-19 patients in hospitals for the first time since the start of the outbreak, as a leading public health official warned of a cold, hard winter to come.
9:01 a.m. Nov. 30, 2020
- By Tomi Kilgore
Kandi's stock tumbles after short seller Hindenburg takes aim at China-based EV makerShares of Kandi Technologies Group Inc. tumbled 24.5% in active midday trading Monday, after short seller Hindenburg Research took aim at the China-based electric vehicle maker, alleging a "brazen scheme" to "falsify revenue using fake sales to undisclosed affiliates. Trading volume spiked to 29.5 million shares, already nearly double full-day average of about 15.0 million shares. The stock has now plunged 31.1% since closing at a 6-year high of $14.93 a week ago. Hindenburg said it's investigation into the company's factories and customer locations found that most of Kandi's sales to its top customers over the last 12 months (LTM) have been to related parties. The largest customer representing 55% of LTM sales shares a phone number with a Kandi subsidiary and an executive with Kandi, Hindenburg said. The report also said that on a visit to the customer's location, a sign indicating it was a Kandi company was found. Kandi declined a MarketWatch request for comment. Despite Monday's selloff, Kandi's stock has still rallied 64.2% in November, while the iShares MSCI China ETF has edged up 3.1% and the S&P 500 has gained 10.6%.
11:18 a.m. Oct. 19, 2020
- By Ciara Linnane
Coronavirus update: Global cases top 40 million; White House task force reported to be hive of infighting over new adviser White House Task Force beset by internal strife over adviser who is spreading misinformation, says Washington PostThe number of confirmed cases of the coronavirus illness COVID-19 worldwide climbed above 40 million on Monday, as new infections continued to rise in Europe and the U.S. and experts warned the pandemic could worsen during the cold winter months.
5:37 a.m. July 19, 2020
- By Quentin Fottrell
White House animus toward Fauci may escalate as he calls coronavirus pandemic ‘your worst nightmare, the perfect storm’ ‘This was avoidable,’ says Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, continues run of media appearances that are likely to only further upset the administrationAnthony Fauci, director of the National Institute of Allergy and Infectious Diseases, continues with media appearances that are likely to only further upset the administration.
5:32 p.m. June 30, 2020
- Associated Press
Global call for U.N. to investigate China’s forced birth control for Uighurs AP report reveals draconian measures to slash birth rate of China’s ethnic minoritiesPoliticians around the world have called for a United Nations probe into a Chinese government birth control campaign targeting largely Muslim minorities in the far western region of Xinjiang, even as Beijing said it treats all ethnicities equally under the law.
6:10 a.m. June 12, 2020
- Associated Press
Twitter suspends over 20,000 China-linked accounts that were spreading false news Twitter suspended 23,750 accounts that were posting pro-Beijing narrativesTwitter has removed a vast network of accounts that it says is linked to the Chinese government and were pushing false information favorable to the country’s communist rulers. Beijing denied involvement Friday and said the company should instead take down accounts smearing China.
2:04 p.m. June 11, 2020
- By Robert McMillan
Twitter purges 174,000 fake accounts linked to Chinese government Twitter says tweets intended to shape opinions in AsiaTwitter Inc. said it removed about 174,000 accounts from its platform after the social media company concluded they were fake accounts operated by the Chinese government to push its narratives around topics such as the coronavirus and pro-democracy protests in Hong Kong.
4:55 a.m. June 5, 2020
- By Steve Goldstein
This contrarian strategist recommends chasing bears in these hard-hit sectorsOne strategist explains why he likes the sectors that bearish investors are betting against.
7:07 a.m. May 27, 2020
- By Shang-Jin Wei
America’s threat to delist Chinese companies could make everybody better off Chinese firms might submit to greater scrutiny by the U.S. auditing agency to gain credibility with investors Far from confirming fears of a widespread delisting of Chinese firms, a proposed U.S. law will likely improve the investment environment.
4:01 a.m. May 16, 2020
- By Barbara Kollmeyer
To survive the next few months, you only need two assets, says this money managerA money manager who says it is vital to keep things simple right now, which he does by trading just two instruments.