U.S. stocks rose Tuesday as the market took heart from the easing of restrictions on businesses in the U.S. and Europe, amid hopes for an early vaccine to prevent the further spread of the COVID-19 pandemic. Investors also were watching a rise in crude oil prices and continued to monitor …
Read More »: How a controversial test on the Isle of Wight could help battle one of Europe’s biggest outbreaks of coronavirus
As of Tuesday, an island off the U.K.’s southern coast will become a petri dish for efforts to isolate and contain the third-biggest coronavirus outbreak in Europe. “From tomorrow, we will begin to pilot test, track and trace on the Isle of Wight, starting with health professionals, then rolling out …
Read More »CityWatch: Sunny weekend in New York City raises social-distancing enforcement concerns
New Yorkers flocked to parks and outdoor spaces this past weekend as the mercury topped 70 degrees Fahrenheit in the city, but the crowds raise serious questions about how officials will enforce stay-at-home orders for weeks to come. On Monday morning, Mayor Bill de Blasio took the opportunity to remind …
Read More »Dispatches from a Pandemic: ‘I have a mortgage to pay’: Sex workers banned from small-business loans under CARES Act due to ‘prurient sexual nature’
Like many self-employed Americans, Andre Shakti has lost most of her income over the past few weeks. Most of the clients who used to see her in person have stopped calling, the business where she worked as an independent contractor is closed, and a conference she co-organizes has been canceled. …
Read More »Need to Know: The economy may already have achieved what marked the bear-market lows of 1970, 1974, 1982, 1990, 2001 and 2009
What a month. In the midst of a pandemic lockdown that has seen some 30 million Americans file for unemployment benefits, and millions more around the globe, the S&P 500 SPX, -2.80% surged 12.7% in April. That is the best monthly performance since Jan. 1987, and the best April since …
Read More »The New York Post: Giant ‘murder hornet’ is in U.S. to stay, will eventually reach East Coast, experts say
It’s not a matter of if but when the “murder hornet’’ will hit the East Coast, experts warned The Post on Sunday. The deadly meat-eating Asian giant hornet, which has been known to kill up to 50 people a year in Japan, recently surfaced for the first time in the …
Read More »Tequila is the spirit of choice during coronavirus lockdown as consumers stock up ahead of Cinco de Mayo
Disinfectants and hand sanitizers may be dandy for consumers sheltering at home from the coronavirus pandemic, but for some it appears liquor is quicker. From the week ending March 7 through the week ending April 18, when U.S. consumers were most impacted by the COVID-19 pandemic, total alcohol sales jumped …
Read More »Key Words: ‘We do not know exactly what happens when you voluntarily shut down a substantial portion of your society’ Buffett says
“ ‘We do not know exactly what happens when you voluntarily shut down a substantial portion of your society.’ ” That’s Warren Buffett, Chairman and CEO of Berkshire Hathaway, on Saturday offering his first public statements since the coronavirus pandemic ravaged the stock market and economy, putting a record number of people—some …
Read More »Key Words: Buffett dumps entire airline stake, saying: ‘The world changed for airlines’
Warren Buffett says Berkshire Hathaway dumped all of its holdings in the airline sector, painting a grim picture of the industry that has been badly hurt by the COVID-19 pandemic. “I was wrong about that business,” Buffett said, speaking on Saturday in Omaha, Neb., at Berkshire’s annual shareholder meeting, which …
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