Secretary of State Mike Pompeo reported to Congress on Wednesday that Hong Kong was no longer autonomous from China, a move that could jeopardize the special administrative region’s favorable trade relationship with the U.S. and open up Chinese officials to sanctions. The State Department was required to issue a determination […]
CNBC News
Pompeo declares that Hong Kong is no longer autonomous from China, threatening special status
Secretary of State Mike Pompeo reported to Congress on Wednesday that Hong Kong was no longer autonomous from China, a move that could jeopardize the special administrative region’s favorable trade relationship with the U.S. and open up Chinese officials to sanctions. The State Department was required to issue a determination […]
Coronavirus live updates: Fauci warns of ‘leapfrogging’ reopening guidelines, Gottlieb says vaccine is a ‘2021 event’
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 […]
Boeing is laying off more than 6,000 employees this week as coronavirus pandemic hurts demand
Boeing is planning to lay off more than 6,000 employees this week in an effort to slash costs as the coronavirus pandemic continues to devastate the air travel and aerospace industries. The aircraft manufacturer previously said it is seeking to reduce its head count by 10% through voluntary and involuntary separations from […]
S&P 500 erases 1.5% rally, turns negative amid a big drop in tech shares
Stocks gave back a big chunk of their earlier gains Wednesday as a drop in tech shares offset optimism about the reopening of the economy. The S&P 500 traded marginally lower around 10:35 a.m. after rallying 1.5% to start the session. Earlier in the day, the broader-market index broke above its […]
Boeing to begin laying off thousands of employees this week
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 | […]
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, […]