WASHINGTON (Reuters) – U.S. President Joe Biden said on Saturday that he hopes Republicans in Congress will not be irresponsible and refuse to raise the debt limit as a legislative deadline approaches. Biden said at the White House before heading to Delaware that he would work hard to get both the bipartisan infrastructure bill and …
The United States reached another grim milestone on Friday, as the confirmed coronavirus death toll topped 700,000, just over a year and a half into the pandemic, and despite the wide availability of vaccines. The milestone, according to data from Johns Hopkins University, comes less than two weeks after the national death toll surpassed the …
Continue reading “US: 158,284 new cases, death toll tops 700,000”
Former FDA head says Merck’s oral pill could become a powerful tool in combating COVID in high-risk patients who are already symptomatic. Merck cheered investors and healthcare experts alike on Friday with the news that its COVID-19 antiviral cut the risk of hospitalization or death by roughly half in a late-stage trial, and could become …
Wall Street stocks ended a bullish session sharply higher Wednesday on hopes of continued Federal Reserve stimulus and positive signs about a coronavirus treatment under development Molnupiravir. The Dow Jones Industrial Average finished up 2.2 percent at 24,633.86, while the broad-based S&P 500 gained 2.7 percent to 2,939.51. Meanwhile, the tech-rich Nasdaq Composite Index jumped …
Continue reading “Wall Street turns green on COVID drug Molnupiravir optimism”
Comfortable with where the FOMC seems to be heading But does not believe Fed needs to raise rates until 2024 The job market still has a long way to go before healing Once supply chain issues are resolved, worried that Fed will have to deal with same forces that have pinned down inflation before the …
JERUSALEM, Oct 1 (Reuters) – Israel’s Health Ministry has identified fewer than 10 cases of heart inflammation following a third dose of the Pfizer/BioNtech vaccine among millions administered, according to recently released data. Israel began administering boosters to risk groups in July and by the end of August expanded its campaign to include anyone above …
Equities in the United States traded lower in the premarket on Friday ahead of the release of the latest reports on the country’s personal spending, manufacturing activity, construction spending, … The Dow Jones Industrial Average went down by 0.77% or 260 points at 4:25 am ET. A minute later, the Nasdaq 100 fell by 0.50%, …
Democrats and Republicans in the US Senate have agreed on keeping the government funded for two months, approving a continuing resolution with 65 votes in favor and 35 opposed. The House has until midnight to approve the bill. The US fiscal year begins on October 1, and the approval of both chambers of Congress is …
Continue reading “Senate passes continuing resolution to keep US government open through December”
The United States economy expanded at an annualized rate of 6.7% in the first quarter, according to the third estimate released by the Bureau of Economic Analysis on Thursday. The reading came in slightly above the analysts’ expectations. More to come…
European natural gas and power prices jumped to records, signaling the supply shortage will only get worse just as the winter season starts on Friday. Stockpiles of everything from gas to coal and water for electricity production are in short supply and there are few signs the situation will improve anytime soon as demand continues …