The ban on travel to the United States by non-U.S. citizens from Europe announced at midweek by President Trump in an Oval Office address that raised more questions than it put to rest — and expanded after the fact to include the previously excluded European countries Ireland and the United …
Read More »‘It’s going to be daunting’: U.K. considers opposite approach to the U.S.’s by allowing more people to contract coronavirus
Herd immunity. In the absence of therapeutic treatments or a vaccine for the novel coronavirus, it suggests that there’s safety in numbers. Physicians say the truth is far more complex. Patrick Vallance, the U.K.’s chief scientific adviser, said “herd immunity” is an option the government is exploring in its effort …
Read More »Market Extra: Wall Street fears ‘flashbacks to 2008’ with forced selling in $9 trillion U.S. corporate bond market
After the most volatile week on Wall Street since the 2008 financial crisis as the coronavirus epidemic began to shut down swaths of the U.S. economy, the health of the U.S. stock and bond markets may now depend on how corporate debt fares in the coming months. The S&P 500 …
Read More »‘There’s a message of hope in our balcony songs: If we pull through, you will too.’ Italians unite during coronavirus lockdown
COMO, Italy — I was midway through my daily commute from Como to Milan when news broke of the first case in Italy of the novel coronavirus. The second semester of the university year was set to kick off. This early, portentous sign of an outbreak was happening in the …
Read More »Trump halts interest payments on student loan debts during coronavirus pandemic
One part of President Donald Trump’s answer to the financial fallout from the coronavirus pandemic is a freeze on collecting interest on student loan payments. “It’s a big thing for a lot of students left in the middle right now,” Trump said Friday afternoon in a Rose Garden address declaring …
Read More »The Ratings Game: Dollar General is well-positioned to handle coronavirus, analysts say
Dollar General Inc. faces the same uncertainty that other retailers face from the coronavirus epidemic, but analysts say the discount seller is well-positioned to deal with the pandemic. “Dollar General remains a top pick, positioned for growth and defensiveness, and we reiterate our overweight rating,” wrote KeyBanc Capital Markets analysts …
Read More »Market Snapshot: Stock futures struggle for traction at the end of a miserable week for Wall Street
U.S. stock futures were pointing at a rebound attempt for Wall Street on Friday, after a week of dramatic losses across the globe. The S&P 500 and Nasdaq Composite joined the Dow Jones Industrial Average in bear-market territory Thursday, commonly defined as a decline of at least 20% from a …
Read More »Cryptos: Bitcoin plunges 26%, its sharpest selloff in 7 years
Cryptocurrencies were not immune to the coronavirus-related selloff on Wall Street on Thursday, as the price of bitcoin plummeted 26%, its worst daily selloff in seven years. Bitcoin BTCUSD, -3.76% was recently trading below $ 5,700, as the world’s largest digital currency by market cap has lost nearly a …
Read More »Key Words: Scholar to Trump and Pence: ‘You can’t insult science’ and then expect it to work on demand for coronavirus
Getty Images President Donald Trump addresses the nation Wednesday night from the Oval Office about the widening coronavirus. Known as COVID-19, the pandemic has infected more than 109,000 people and killed more than 3,800 people in 105 countries. ‘I don’t expect politicians to know Maxwell’s equations for electromagnetism or the …
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