Vice Mayor Alix Desulme, City of North Miami, raises his arm during a prayer for local lives lost to COVID-19 as a memorial to those lost is unveiled at Griffing Park on October 28, 2020 in North Miami, Florida. Joe Raedle | Getty Images More than 4,000 people died of […]
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House could move to impeach Trump by next week, top Democrat says
People wearing protective masks hold a U.S. flag at the Barclays Center during the “Get him out! defend democracy” rally, a day after supporters of U.S. President Donald Trump stormed the Capitol, in the Brooklyn borough of New York City, New York, U.S., January 7, 2021. Jeenah Moon | Reuters […]
Economy sees job loss in December for the first time in eight months as surging virus takes toll
Job creation came to a halt in December as restrictions brought on by surging Covid-19 cases hammered virus-sensitive industries, particularly bars and restaurants, which lost nearly half a million positions. The Labor Department reported Friday that nonfarm payrolls fell by 140,000. That was below expectations for 50,000 from economists surveyed […]
Economy sees job loss in December for the first time since April as surging virus takes toll
Job creation came to a halt in December as restrictions brought on by surging Covid-19 cases hammered virus-sensitive industries, particularly bars and restaurants, which lost nearly half a million positions for the month. The Labor Department reported Friday that nonfarm payrolls fell by 140,000. That was below expectations for 50,000 […]
1 in 30 Londoners has Covid as city mayor declares a major incident
Patients arrive in ambulances at the Royal London Hospital, on January 05, 2021 in London, England. The British Prime Minister made a national television address on Monday evening announcing England is to enter its third lockdown of the covid-19 pandemic. This week the UK recorded more than 50,000 new confirmed […]
How concerned investors should be about Biden’s tax proposals
US President-Elect Joe Biden delivers remarks before the holiday at The Queen in Wilmington, Delaware on December 22, 2020. Alex Edelman | AFP | Getty Images Stocks and taxes: what’s going to happen? The Democrats’ control of Congress has shone a new spotlight on Biden’s tax proposals, particularly those that would […]
Capitol chaos and a record market rally: Traders on the disconnect between Washington and Wall Street
Washington and Wall Street are seemingly existing in two different realities. After a chaotic day at the Capitol on Wednesday, the three major indexes rallied to new records, undeterred by continued political unease. Nancy Tengler, chief investment officer at Laffer Tengler Investments, credits the cool nature of the markets in […]
Pfizer vaccine appears to neutralize a key mutation of Covid variants found in UK, South Africa
A doctor holds an ampoule of the Corona vaccine from Biontech and Pfizer between his fingers in the pharmacy of the University Hospital Tübingen (UKT). Sebastian Gollnow | picture alliance | Getty Images LONDON — A coronavirus vaccine developed by Pfizer and BioNTech appears to be effective against a key […]
Stock futures rise modestly after Wall Street hits record highs
Traders work on the floor of the New York Stock Exchange. NYSE Investors will get a key piece of economic data on Friday morning when the Labor Department releases its monthly jobs report for December. Economists surveyed by Dow Jones have penciled in a meager gain of 50,000 jobs for […]
Hyundai Motor says it’s in early talks with Apple to develop a car, sends shares soaring 19%
The logo of Hyundai is shown at the #WeAreMobility fair at the 97th edition of the Brussels Motor Show on 18 January 2019, in Brussels. Dirk Waem | AFP via Getty Images SINGAPORE — Shares of Hyundai Motor surged 19% after the South Korean automaker said it was in early-stage […]