The Boeing Co. manufacturing facility stands in North Charleston, South Carolina, U.S., on Monday, May 4, 2020. Boeing is restarting its 787 operations at the plant for the first time since April 8, including all operations that were suspended because of the Covid-19 pandemic, ABC News reported. Sam Wolfe | […]
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Coronavirus live updates: Vaccine is a ‘2021 event,’ former FDA chief says, new cases surge in Latin America
Global deaths due to Covid-19 surpassed 350,000 as U.S. deaths near 100,000 and states push forward with reopening plans. California Gov. Gavin Newsom said Tuesday that most of the state’s barbershops and hair salons can reopen with modifications. Nevada Gov. Steve Sisolak said the state is moving into phase two of […]
Dow jumps more than 300 points, breaks above 25,000 as stocks rally for second day
Stocks rose sharply for a second day Wednesday on optimism about the reopening of the economy. The Dow Jones Industrial Average traded 336 points higher, or 1.4%. The 30-stock average traded back above 25,000 and aimed for its first close above that level since March. The S&P 500 gained nearly […]
Coronavirus live updates: Brazil outbreak threatens Bolsonaro; vaccine a ‘2021 event,’ former FDA chief says
Global deaths due to Covid-19 surpassed 350,000 as U.S. deaths near 100,000 and states push forward with reopening plans. California Gov. Gavin Newsom said Tuesday that most of the state’s barbershops and hair salons can reopen with modifications. Nevada Gov. Steve Sisolak said the state is moving into phase two of […]
Discount retailer Tuesday Morning files for bankruptcy, to shut 230 stores
Tuesday Morning at the Sunset Esplanade in Hillsboro, Oregon. M.O. Stevens | Wikipedia CC Home goods retailer Tuesday Morning filed for Chapter 11 bankruptcy protection on Wednesday morning and plans to shut a third of its nearly 700 stores. The Dallas-based company said the coronavirus pandemic strained its business immensely, […]
EU unveils plan to borrow 750 billion euros to aid economic recovery
The EU flags are seen in front of the Berlaymont, the EU Commission headquarter on May 19, 2020, in Brussels, Belgium. Thierry Monasse The European Commission has unveiled plans for a 750 billion euro ($826.5 billion) recovery fund as the region faces the worst economic crisis since the 1930s. It […]
Stocks are set to rally again on optimism about the economy reopening, Dow futures jump 300 points
U.S. stock futures pointed to more gains at Wednesday’s open on optimism about the reopening of the economy. Shares of airlines and cruise lines led gains in the premarket. Dow Jones Industrial Average futures were up 356 points, or 1.4%. S&P 500 futures gained 1.2% while Nasdaq 100 futures traded […]
Mortgage demand from homebuyers shows unexpectedly strong and quick recovery, as applications spike 9% from a year ago
A realtor, at right, shows prospective buyers a property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images It’s not as if the coronavirus pandemic has gone away, but after a sharp pullback, homebuyers are now piling back into the housing market much faster than expected. Mortgage applications […]
Dow futures surge again as Wall Street looks set to extend Tuesday’s reopening rally
U.S. stock futures pointed to more gains at Wednesday’s open as optimism about the reopening of the economy and a potential coronavirus vaccine offset concerns about rising U.S.-China tensions. Recent hopes for a return to normal consumer habits have pushed the Dow Jones Industrial Average and S&P 500 to touch […]
YouTube automatically deleted comments that criticized China’s Communist Party
Carsten Rehder/picture alliance via Getty Images YouTube has admitted that it automatically deleted comments that criticized China’s ruling Communist Party (CCP). The video platform — owned by Google‘s parent company, Alphabet — said the automatic removal of certain comments was down to “an error” with its automated enforcement systems. The […]