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Coronavirus Update: Senate Approves Stimulus, 1,000 Deaths in the U.S.

  • Coronavirus Update: Senate Approves Stimulus, 1,000 Deaths in the U.S. Coronavirus Update: Senate Approves Stimulus, 1,000 Deaths in the U.S. 2:14
    Koalas' Sanctuary Island Is Under Threat From Wildfires Koalas' Sanctuary Island Is Under Threat From Wildfires 5:58
9:16 a.m. Sept. 18, 2020 - By Lina Saigol
How this Nasdaq-U.K.-listed Chinese biotech is revolutionizing cancer treatment Biotech company Chi-Med could list in Hong Kong as soon as 2021Chi-Med has been granted three U.S. Food and Drug Administration Fast Track Designations for its cancer drugs.
8:01 a.m. Sept. 14, 2020 - By Michael Ashbaugh
Charting another bullish reversal: S&P 500, Nasdaq rally from key support Focus: Japan’s stealth breakout attempt, Amazon narrowly holds key support, EWJ, AMZN, VFC, CROX, TMU.S. stocks are firmly higher early Monday, rising amid renewed vaccine optimism as well as merger and acquisition activity. Against this backdrop, the S&P 500 and Nasdaq Composite are concurrently rising from major support closely matching the 50-day moving average. The tandem successful retests preserve a bullish intermediate-term bias.
10:23 a.m. Sept. 10, 2020 - By Ciara Linnane
Coronavirus update: Global death toll tops 905,000, U.S. toll above 191,000 and experts slam Trump for playing down virus ‘If we’d had widespread mask-wearing mandates, we could have reduced deaths by as much as 20% to even 50%,’ says one expertThe number of global fatalities from the coronavirus that causes COVID-19 climbed above 905,000 on Thursday and the U.S. death toll rose above 191,000, amid widespread criticism of President Donald Trump’s handling of the crisis, after journalist Bob Woodward revealed that Trump admitted to him that he deliberately downplayed the virus in the early part of the outbreak.
11:08 a.m. Aug. 28, 2020 - By William Watts
Who will replace Shinzo Abe? 5 things investors need to know about Japan prime minister’s resignation Abe’s resignation raises questions about the world’s third largest economyWill Abenomics survive Prime Minister Shinzo Abe’s resignation? Investors are focusing on the battle to succeed Japan’s longest-serving prime minister.
8:26 a.m. Aug. 25, 2020 - By Lina Saigol
Step aside Amazon, you could soon order ‘everything’ using Tata’s super appSuper-apps have been growing rapidly in emerging markets such as China and Southeast Asia.
9:04 a.m. Aug. 12, 2020 - By Ciara Linnane
Coronavirus update: Global cases top 20.3 million, U.S. tally tops 5.15 million as Florida and Georgia see record one-day deaths British economy hit the hardest of any by COVID-19 as GDP shrinks by the most on recordThe number of confirmed cases of the coronavirus illness COVID-19 worldwide climbed above 20.3 million on Wednesday and the U.S. case tally topped 5.15 million, as Florida and Georgia reported record one-day death tolls.
9:20 a.m. Aug. 5, 2020 - By Rachel Koning Beals
What if heat waves were named like hurricanes? New push draws mega insurers, Athens and Miami mayors, Red Cross and dozens more stakeholders Extreme Heat Resilience Alliance formed now because by mid-century heat waves are expected to affect more than 3.5 billion people globally Global mayors, insurance executives, scientists, forest restorers, the Red Cross and even more stakeholders are declaring “code red,” saying they can no longer wait to prepare for extreme heat as 30% of the world already copes with deadly heat waves lasting 20 days or longer.
10:27 a.m. Aug. 1, 2020 - By Philip van Doorn
5 stocks that should thrive as the digital payments trend ramps up Gert van der Geer of Pictet Asset Management focuses on 12 long-term global trendsGert van der Geer of Pictet Asset Management focuses on 12 long-term global trends.
2:20 a.m. July 27, 2020 - By Emily Bary
Closed Apple Stores could change iPhone buying habits, but there’s reason for hope amid pandemic Apple in the age of COVID-19: Smartphone demand may be snapping back as Apple prepares for fall iPhone launch Apple in the age of COVID-19: Smartphone demand may be snapping back as Apple prepares for fall iPhone launchWhat’s normally a ho-hum quarter for iPhone sales will be interesting for Apple Inc. this year as the COVID-19 crisis prompts big changes in the way people shop for electronics.
11:10 a.m. July 24, 2020 - By Ciara Linnane
Coronavirus update: Global case tally climbs to 15.6 million and U.S. hits 4.07 million as virus spreads fast in Florida, California and Texas Three members of the Dow Jones Industrial Average — Intel, American Express and Verizon — reported earnings with mixed resultsThe number of confirmed cases of the coronavirus illness COVID-19 climbed to 15.6 million on Friday, and the U.S. case tally hit 4.07 million as the virus continued to spread in the South and West and more states reported that health care systems are steadily being overwhelmed.
8:01 a.m. July 17, 2020 - By Michael Ashbaugh
Charting a bullish holding pattern, S&P 500 traverses higher plateau Focus: VIX presses 200-day average, Home construction ETF tags four-month highs, Emerging markets sustain July breakout, ITB, EEM, ZS, PGR, LVGOU.S. stocks are mixed early Friday, largely treading water amid receding volatility. Against this backdrop, the S&P 500 has asserted a higher plateau — capped by next resistance (3,233) — while the Dow Jones Industrial Average digests a decisive early-week break atop its 200-day moving average.
2:08 a.m. July 15, 2020 - By Ciara Linnane
Coronavirus update: Global cases of COVID-19 climb above 13 million as California, Hong Kong and India reimpose restrictions on movement Earnings season kicks off with bank earnings showing expected boost in loan loss provisions and strong trading and investment banking resultsThe number of confirmed cases of the coronavirus illness COVID-19 climbed above 13 million on Tuesday, and the world’s eighth biggest economy, California, moved to again temporarily shut down higher-risk businesses such as bars and restaurants after a spike in hospitalizations.
12:22 a.m. July 15, 2020 - By Barbara Kollmeyer
This strategist says investors are in the ‘forest of make believe’ when it comes to growth stocks Critical information for the U.S. trading dayOur call of the day, from Nordea’s Sebastien Galy, says the mad rush for tech stocks is going to end in pain for some investors.
12:37 p.m. July 8, 2020 - By Joy Wiltermuth
Dow closes up 177 points, Nasdaq at fresh high as investors focus on economic recovery prospects Work-from-home stocks add to gain, as investors consider slower path to economic recoveryU.S. stocks ended Wednesday higher, with the tech-heavy Nasdaq scoring an all-time record, as investors focused on stocks that can outperform amid an acceleration of coronavirus infections in about 30 American states and longer periods of working from home.
7:48 a.m. July 6, 2020 - By Michael Ashbaugh
S&P 500 ventures atop key resistance (3,155), Nasdaq spikes to record high Focus: China takes flight from key support, FXI, AKAM, TEAM, SWKS, VRSKU.S. stocks are firmly higher Monday, rising after a strong batch of global economic data and following market-friendly remarks from China. Against this backdrop, the S&P 500 has ventured atop major resistance (3,155) — and is vying for its first close atop the inflection point since June 10 — while the Nasdaq Composite extends its July break to uncharted territory.
1:18 p.m. July 2, 2020 - By Mark DeCambre
Dow books slight gain, Nasdaq ends at a record as rise in coronavirus cases caps rally on strong jobs report U.S. financial markets close Friday for July Fourth holiday weekendU.S. stock indexes ended a choppy session Thursday with meager gains to close out a holiday-shortened week, as a record rise in new coronavirus cases in states like Florida helped to erode some of the optimism surrounding a stronger-than-expected monthly employment report for June.
4:50 a.m. June 26, 2020 - By Greg Robb
Central banks need to re-think rules on risk-taking at hedge funds, insurance companies and even corporations, IMF’s market division chief says Central banks did the right thing in being aggressive, fast and large, but there are consequences for risk takingEmergency actions by central banks to shore up the financial system in the face of the coronavirus pandemic earlier this year were appropriate, but regulators will need to re-think the rules about risk-taking for hedge funds and insurance companies, often called non-banks that operate in the “shadow banking system”, the top financial regulator at the International Monetary Fund says.
12:35 p.m. June 25, 2020 - By Mark DeCambre
Dow logs a 300-point gain as banks rally ahead of stress-test results, but rise in coronavirus cases remains a worry Investors weight slight improvement in economic data and loosening of financial regulation against rising daily rate of coronavirus cases U.S. stocks closed solidly higher Thursday, recovering a chunk of Wednesday’s ugly loss, ahead of a key update of the banking sector from the Federal Reserve.
2:40 p.m. June 17, 2020 - By Joy Wiltermuth
Dow ends 170 points lower, snaps 3 days of gains, as coronavirus concerns drag indexes lower Coronvirus cases rise in at least 9 U.S. states, while Fed’s Powell tells Congress unemployment benefits should be extendedU.S. stocks slumped in the final hour of trade Wednesday to end three days of gains, as investors monitored signs of a revival of the coronavirus pandemic in some U.S. states and China, while still hoping for a quick economic recovery as business activity resumes.
6:28 a.m. June 8, 2020 - By Rachel Koning Beals
We can restock the oceans by 2050, netting $10 for every $1 spent on conservation — here’s how World Oceans Day observed amid the COVID-19 fallout brings greater urgency to climate-change action for marine life and moreAllowing the planet’s ocean life to recover to full abundance by 2050 is not only achievable, a large group of research scientists says, but necessary to help feed the world and keep profitable tourism afloat.
4:05 a.m. June 6, 2020 - By Mark Hulbert
These Chinese stocks will be hurt the most if the U.S. forces them to delist U.S. investors will find it tougher and more expensive to buy shares in some Chinese companiesU.S. investors will find it tougher and more expensive to buy shares in some Chinese companies if delisting law is passed.
7:59 a.m. May 30, 2020 - By Ciara Linnane
Coronavirus update: Global death toll tops 365,000 as Brazil, Mexico and Peru record spikes in new cases Salesforce disappoints investors with subdued guidance, while Costco spends $300 million on wages and enhanced cleaningThe global death toll from the coronavirus that causes COVID-19 climbed above 360,000 on Friday, as Brazil, South Korea, the Philippines, Iran and Portugal all reported spikes in infections.
11:52 a.m. May 29, 2020 - By Sunny Oh
10-year Treasury yield falls most in three weeks as Trump draws attention to U.S.-China tensionsU.S. Treasury yields fall Friday after President Donald Trump railed against China in a news conference, but also appeared to take a less severe approach against Beijing than worried over the issue of Hong Kong.
2:53 a.m. May 29, 2020 - By Barbara Kollmeyer
HSBC and Prudential drag down London stocks as investors eye U.S.-China tensionsLondon stocks came under pressure on Friday, putting a stop to a string of winning sessions as investors waited to hear what President Donald Trump will say about China at a planned press conference later.
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.
1:36 a.m. May 26, 2020 - By Steve Goldstein
Why one strategist says these hard-hit stocks will rebound — even if there’s a second wave to the pandemicOne strategist says the economy is better prepared for a new wave of infections — and value stocks are near a point where they will lead the market.
4:53 a.m. May 24, 2020 - By Quentin Fottrell
Is your city reopening after coronavirus lockdown? Scientists say avoid these places New peer-reviewed research says coronavirus droplets caused by talking remain in the air for 8-14 minutesNew peer-reviewed research says coronavirus droplets caused by talking remain in the air for 8-14 minutes.
10:34 a.m. May 14, 2020 - By Sunny Oh
Overseas investors can’t get enough of America’s debt Purchases of U.S. Treasurys and government-backed mortgage bonds by Japan hit a record in MarchJapan’s purchases of U.S. Treasurys ramped up in March, suggesting foreign investors may not be worried about the U.S.’s budget deficits.
4:09 p.m. May 4, 2020 - By Quentin Fottrell
Our boss quarantined for 14 days after being exposed to coronavirus, yet we’re strong-armed to return after a few days ‘People do go back to the factory floor because they’re afraid they’ll lose their jobs’‘People do go back to the factory floor because they’re afraid they’ll lose their jobs.’
1:02 p.m. May 4, 2020 - By Sunny Oh
Dow scores sharpest turnaround since March as technology, energy shares stage late-Monday surge Tesla, Amazon’s stock gains helped to power the Nasdaq’s advance on Monday; Phillips 66, Valero, Marathon shares lift S&P energy sectorStock indexes close higher Monday, reversing losses of 1% and more earlier in the session, after U.S. crude prices settle above $20 a barrel and investors look past U.S. and China tensions rekindled over Beijing’s handling of the coronavirus outbreak.
9:54 a.m. May 3, 2020 - By Quentin Fottrell
As 30 states prepare to reopen, exercise extra caution in these public spaces Is 6 feet really the ‘magic number’ in public spaces? Is 6 feet really the ‘magic number’ in public spaces?
8:25 a.m. May 2, 2020 - By Quentin Fottrell
Can you alter your 2019 taxes in order to qualify for the $1,200 stimulus check? ‘In 2019, tax-law changes made it advantageous for me to claim my oldest as a dependent. I now regret doing that’‘In 2019, tax-law changes made it advantageous for me to claim my oldest as a dependent. I now regret doing that.’
7:10 a.m. May 2, 2020 - By Quentin Fottrell
‘I was punished for being responsible. I filed my 2019 taxes early — and received almost no stimulus check’ ‘Is there anything I can do? I find this very unjust and poorly thought out’‘Is there anything I can do? I find this very unjust and poorly thought out.’
5:13 a.m. May 2, 2020 - By Mark Decambre
Buffett's Berkshire spent the coronavirus-induced stock-market rout growing cash to a record $137 billionWarren Buffett's Berkshire Hathaway spent the first quarter, a period of historic turmoil fueled by COVID-19, stockpiling cash to record proportions, public filings show. Berkshire Hathaway Inc. apparently saw its holdings of cash and equivalents balloon to a record $137.2 billion at the end of the first quarter, up from about $128 billion at year-end, suggesting that the legendary investor, viewed as a white knight of sorts on Wall Street, has stayed on the sidelines amid one of the most turbulent periods in financial markets in decades. The Dow Jones Industrial Average , the S&P 500 index and the Nasdaq Composite all tumbled into a bear-market in March, typically defined as a drop of at least 20% from a recent high, hit the lows of that rout on March 23. Since that point, however, stocks have climbed by more than 20% as the market attempted to recover from the effects of the worst pandemic in more than a 100 years--one that caused economies to fall into a recessionary state as businesses across the globe were forced to shut down to slow the spread of the deadly pathogen. Berkshire also has been hit by the epidemic that has and claimed about 240,000 lives globally since the illness was first identified in December in Wuhan, China. The conglomerate of $49.7 billion, or $30,653 per class A share. However, Berkshire's first-quarter operating earnings were $5.9 billion or about $3,619 per class A share. Buffett is scheduled to host a annual shareholder meeting later today at 4:45 p.m. Eastern Time, where he may offer more clues on his strategy during this public-health crisis.
4:23 a.m. May 1, 2020 - By Quentin Fottrell
My state is reopening restaurants and movie theaters. Am I selfish if I go, or am I selfish if I stay home? ‘I am torn between supporting our town and our nation’s economy, and ensuring that I don’t contribute to an increase in coronavirus infections’‘I am torn between supporting our town and our nation’s economy, and ensuring that I don’t contribute to an increase in coronavirus infections.’
11:04 a.m. April 28, 2020 - By Ciara Linnane
Coronavirus update: German infection rate ticks higher after reopening moves, offers lesson to U.S. governors Caterpillar says 75% of facilities are operating and Merck expects virus to shave $2.1 billion off full-year revenueU.S. governors pushing to reopen their states after COVID-19-driven lockdowns may want to look to Germany on Tuesday, where early attempts to lift restrictions on movement had led to an increase in the coronavirus infection rate.
5:49 a.m. April 28, 2020 - By Barbara Kollmeyer
These two signals will soon tell us if investors are fighting a ‘losing game’ with stocks, says top strategist Critical information for the U.S. trading day Our call of the day worries investors are fighting a ‘losing game’ with stocks. Jim Bianco of Bianco Research is opting for cash and gold these days and keeping a close eye on big economic signals coming in the next couple of weeks.
4:51 a.m. April 25, 2020 - By Quentin Fottrell
I didn’t feel well last month and asked my housekeeper to stay home. I am nervous about having her come back. She asked for ‘unpaid wages.’ What should I do? ‘I would like to help her, but I thought she was self-employed and, therefore, knew her income would fluctuate’‘I would like to help her, but I thought she was self-employed and, therefore, knew her income would fluctuate.’
3:43 a.m. April 24, 2020 - By Quentin Fottrell
Couples earning over $150K get less than $2,400 in their stimulus check. Is that unfair — or too generous? Readers weigh in ‘Kids are expensive and they eat a lot, not to mention medical and dental bills, especially now that school is out’‘Kids are expensive and they eat a lot, not to mention medical and dental bills, especially now that school is out.’
1:32 p.m. April 21, 2020 - By Satyjit Das
International business will be an early victim of coronavirus as governments take greater control of their economies COVID-19 has exposed a fundamental weakness of the U.S. and world economiesCOVID-19 has exposed a fundamental weakness of the U.S. and world economies, writes Satyajit Das.
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