The surge in coronavirus cases has reached a new record. On Thursday, the U.S. recorded more than 70,000 new cases of COVID-19, up from 20,000 a day in June, according to data aggregated Johns Hopkins University, the COVID Tracking Project, and other independent calculations from the Washington Post and Reuters. …
Read More »Metals Stocks: Gold retreats as stocks rally on vaccine hopes, but weakness in U.S. dollar limits loss
Gold prices headed lower on Wednesday as global stocks rallied on optimism about the progress in finding a vaccine for the coronavirus. Better-than-expected quarterly results from U.S. corporations are also helping to diminish the traditional haven appeal for bullion, but a decline in the U.S. dollar limited declines in precious …
Read More »Associated Press: China protests as U.S. rejects its South China Sea claims
This aerial file photo taken on January 2, 2017 shows a Chinese Navy formation, including the aircraft carrier Liaoning (C), during military drills in the South China Sea. str/Agence France-Presse/Getty Images BEIJING (AP) — China on Tuesday described a U.S. rejection of its maritime claims in the South China Sea …
Read More »The New York Post: Barr taps former aide to take over as U.S. attorney for Eastern District of New York
The top federal prosecutor in Brooklyn is leaving his post for a job at the U.S. Justice Department in Washington. Richard Donoghue, the U.S. attorney for the Eastern District of New York, told his staff Thursday that he will become the top deputy to Deputy Attorney General Jeffrey A. Rosen. …
Read More »Coronavirus update: U.S. case tally edges toward 3 million after record one-day count and Florida intensive-care units are filling up
The number of U.S. cases of COVID-19 edged closer to 3 million on Wednesday, and intensive-care units in Florida were filling up, as the U.S. counted a record number of new cases of the deadly illness in a single day, in the latest sign that the virus is far from …
Read More »British grocers reject U.S. chlorine-washed chicken as row over welfare standards deepen
The row between Britain and the U.S. over food standard has deepened after some of the U.K.’s leading grocers have refused to sell a raft of food imports. Britain’s fifth biggest grocer Aldi said it would never sell chlorine-washed chicken imported from the U.S., regardless of the outcome of ongoing …
Read More »Economic Preview: Just when it seemed safe to go back to restaurants a new coronavirus outbreak threatens U.S. jobs recovery
The U.S. got some great news Thursday with the rehiring of 4.9 million people in June, but the two steps forward the economy took in May and June could be followed by one step back in July. The problem? A resurgence in coronavirus cases, especially in states that allowed their …
Read More »: Mexico tightens border to U.S. southern states ahead of 4th of July celebrations as coronavirus cases spike
Mexico’s state of Sonora has toughened its border restrictions ahead of a the Fourth of July holiday in the U.S., typically a heavy time of tourism, as cases of coronavirus spike in America. “We are all going to be on alert at this time to prevent them from coming, whether …
Read More »Lemonade logs best U.S. IPO debut of 2020 with more than 140% gain
Lemonade Inc. snagged 2020’s strongest initial public offering debut of a U.S. company as shares of the mobile-based insurance startup became the latest to more than double on their first day of trading. Lemonade LMND, +139.34% shares, which skyrocketed as much as 144% to hit an intraday high of $ …
Read More »