Federal Reserve Chairman Jerome Powell said Thursday he worries about women, children and business owners who face long-term consequences from the coronavirus pandemic. Asked to name his chief concerns as the world tries to recover from the Covid-19 crisis, Powell said it’s “the risk that there is some longer-run damage […]
CNBC News
Apple’s big Mac update is out now with a total redesign. Here’s what’s new
macOS Big Sur Apple Apple just released its macOS Big Sur update, following its “One More Thing” event on Tuesday. MacOS Big Sur, the latest operating system for Macs, brings a lot of new features to your computer, including a totally redesigned user interface that borrows a lot from what […]
Democrats and Republicans are still far apart on economic stimulus deal as coronavirus infections surge
The top Democrats in Congress said Thursday that a record surge in U.S. coronavirus infections raises the urgency for a new relief bill. The part of the process that has confounded Washington for months — crafting a bill backed by both Democrats and Republicans — has become no less of […]
U.S. airline employment to reach lowest levels in decades after pandemic cuts 90,000 jobs
A United Airlines plane takes off above American Airlines planes on the tarmac at Los Angeles International Airport (LAX) on October 1, 2020 in Los Angeles, California. Mario Tama | Getty Images U.S. airlines employment will fall to the lowest since the mid-1980s by the end of 2020, the result […]
Crucial Moderna Covid vaccine data is coming in days — here’s what to look out for
Rabbi Shmuel Herzfeld has his arm disinfected by Dr. Chao Wang during a clinical trial for a Coronavirus vaccine at Meridian Clinical Research in Rockville, Maryland on Monday, July 27, 2020. The Coronavirus vaccine was created by the biopharmaceutical company Moderna. Amanda Andrade-Rhoades | The Washington Post | Getty Images […]
Average Covid cases and hospitalizations rise in nearly every state across U.S.
Newly diagnosed coronavirus cases and hospitalizations continue to rise in nearly every state across the country as the U.S. reports fresh record one-day spikes in cases. Average daily new cases are up by at least 5% over the last week in at least 47 states and D.C. as of Wednesday, […]
Deutsche Bank proposes a 5% tax for people still working from home after the pandemic
Getty Images A research team at Deutsche Bank proposed that people pay a 5% tax for the “privilege” of working from home, if they continue to do so after the pandemic, as this could subsidize income lost by lower-earners due to the coronavirus crisis. Deutsche Bank thematic strategist Luke Templeman […]
Dow and S&P 500 fall as vaccine market rally pauses amid rising coronavirus cases
The Dow Jones Industrial Average and S&P 500 fell on Thursday as markets continued to churn following big gains earlier in the week while U.S. coronavirus cases keep rising. The 30-stock Dow slid 113 points, or 0.4%. The S&P 500 dipped 0.2%. Airline and cruise-operator stocks fell broadly. United Airlines […]
Why Under Armour is struggling despite the athleisure boom
As consumers spend more time at home, ditching work clothes and suits for yoga pants and sweats, you would think that sports apparel brand Under Armour would be thriving. But the company that urged athletes to “Fight on Together” has fallen on tough times. While the brand’s sweat-wicking performance gear is […]
Dr. Fauci says ‘help is on the way’ with vaccines, but doubts Covid can ever be eradicated
Dr. Anthony Fauci Testifies Before Senate On Federal Response To Pandemic Alex Edelman | Getty Images LONDON — White House coronavirus advisor Dr. Anthony Fauci said Thursday a vaccine to bring an end to the pandemic now appears to be on the horizon, but he warned it may not be […]