Dear Moneyist, One of my coworkers was diagnosed with the coronavirus; she is a medical assistant at our dermatology office. We believe she got it from another coworker. No one wants to go in because the place has not been professional disinfected or cleaned. The owner is also seeing patients …
Read More »Capitol Report: House set to pass $2 trillion coronavirus stimulus package today, but Kentucky Republican’s move may delay voting
The House on Friday debated a $ 2 trillion coronavirus stimulus package to help the U.S. economy cope with the pandemic, and while the chamber is expected to pass the massive bill it may be through a slower voting process because of a Republican congressman’s objections. House Speaker Nancy Pelosi …
Read More »Capitol Report: Pelosi predicts House will pass $2 trillion coronavirus bill with ‘strong bipartisan vote’
Mark Wilson/Getty Images House Speaker Nancy Pelosi U.S. House Speaker Nancy Pelosi on Thursday predicted speedy passage for a $ 2 trillion economic package aimed at cushioning the effects of the coronavirus on Americans, as she planned a vote for Friday. “I feel certain that we will have a strong …
Read More »Coronavirus update: Global case count 526,044 with 23,709 deaths, and jobless benefit seekers soar to historic levels
The number of global cases of the coronavirus that causes COVID-19 climbed above half a million on Thursday, and U.S. jobless claims soared to a historic level after workers were laid off or furloughed as non-essential services were ordered to close. The number of Americans who applied for unemployment benefits …
Read More »How do you choose between economic ‘deaths of despair’ and coronavirus victims? Economists, lawmakers grapple with a moral conundrum
How do you strike a balance between the country’s economic life and actual human life? Is putting America back to work sooner rather than later a Sisyphean task, the equivalent of rolling a rock perpetually uphill while up to 2 million people die of COVID-19? Or does the Sisyphean task …
Read More »Floyd Cardoz, an influential and gregarious New York-based chef, has died at 59 due to the coronavirus
Floyd Cardoz, the Mumbai-born, New York City-based chef who changed countless diners’ perceptions of Indian cuisine, has died at the age of 59 after testing positive for COVID-19. Shortly after returning from a trip to India on March 8, Cardoz began feeling feverish and admitted himself to a New York …
Read More »Capitol Report: Lawmakers and White House agree to $2 trillion coronavirus stimulus bill after marathon negotiations
Senior lawmakers and members of the Trump administration early Wednesday came to an agreement on a massive stimulus measure to try to keep Americans whole as the economy shuts down due to the coronavirus. “Ladies and gentlemen, we are done. We have a deal,” White House aide Eric Ueland announced …
Read More »Economic Report: U.S. businesses dealt severe blow in March from coronavirus and slip toward recession
Getty Images The coronavirus is killing Americans and devastating the economy. The numbers: Business in the U.S. posted the biggest contraction in March since the end of the Great Recession owing to massive disruptions caused by the coronavirus. A “flash” reading by the forecasting firm IHS Markit showed a small …
Read More »Market Snapshot: Dow futures plunge as coronavirus slams market, Fed official warns unemployment could hit 30%
U.S. stock-index futures fell by the most allowable for the day Sunday evening as the cases of coronavirus globally neared 330,000 and the market appeared unhappy with a lack of government action to address the current and expected fallout from the COVID-19 pandemic. On top of that, a U.S. central …
Read More »