Dr. Ashish Jha, director of the Harvard Global Health Institute, estimates that the COVID-19 death toll will surpass 200,000 within the next three months The dire prediction exceeds estimates from the University of Washington’s Institute for Health Metrics and Evaluation model That model forecasts there will be about 60,000 more deaths, bringing the total to …
(CNSNews.com) – The debt of the federal government topped $26 trillion for the first time on Tuesday, when it climbed from $25,960,547,920,986.11 to $26,003,751,512,344.91, according to data released today by the Treasury Department. The federal debt had topped $24 trillion for the first time on April 7, 2020. It then climbed another trillion dollars in …
Continue reading “Federal Debt Tops $26 Trillion for First Time; Jumps $2 Trillion in Just 63 Days”
(Bloomberg) — U.S. equity futures rebounded with European stocks on Friday after a dramatic selloff spurred by concerns over a second wave of coronavirus infections and a slower-than-expected economic recovery. Treasuries slipped alongside the dollar. Contracts on the three main American equity benchmarks pointed to solid gains at the open after Wall Street suffered its …
Continue reading “Dow surges 600 pts premarket to recover some losses”
Another 1.54 million Americans file for unemployment benefits Stocks are opening sharply lower on Wall Street as investors turn jittery once again in the face of rising numbers of coronavirus infections in many U.S. states and countries. Stocks have been rallying over the past two months at a rate that many skeptics said was unsustainable …
Continue reading “Wall Street opens lower after jobless claims report”
The head of America’s central bank has pledged to continue support for the US economy for “as long as it takes”. Warning that the US faces a “long road” to recovery, Federal Reserve Chair Jerome Powell said the bank would keep interest rates near zero for the foreseeable future. A policymaker forecast released by the …
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(Bloomberg) — As many as 25,000 U.S. stores could close permanently this year after the coronavirus pandemic devastated an industry where many mall-based retailers were already struggling. © Bloomberg A worker wearing a protective mask and gloves cleans an entrance door at the Yuba Sutter Mall in Yuba City, California, U.S., on Wednesday, May 13, …
Continue reading “As Many as 25,000 U.S. Stores May Close in 2020, Mostly in Malls”
The city of Chicago notched a grim milestone last weekend, as 18 people were murdered on Sunday, May 31 alone, marking the deadliest day in the city since at least 1961. The University of Chicago Crime Lab’s numbers do not go back further than 1961, so it’s impossible to say how long it’s been — …
Continue reading “Chicago suffers deadliest day in 60 years”
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.7 million barrels from the previous week. At 538.1 million barrels, U.S. crude oil inventories are about 14% above the five year average for this time of year. U.S. crude oil refinery inputs averaged 13.5 million barrels per day during the …
Continue reading “EIA Weekly Petroleum Report for the week ending June 5, 2020”
(CNN)Health experts have long warned about a second peak in Covid-19, and now a rise in cases has pushed Arizona to tell its hospitals to activate emergency plans. Arizona is one of the 19 states with the trend of new coronavirus cases still increasing. While 24 are trending downward, seven states’ trends are holding steady. …
Infections near 2 million in the US with more than 110,000 dead President Trump’s infectious disease expert Dr. Anthony Fauci issued a grim assessment of the coronavirus Tuesday He called the ongoing pandemic his ‘worst nightmare’ and insisted the fight against its spread is far from over The White House advisor said although he knew …