Shi Zhengli, a virologist renowned for her work on coronavirus in bats, said in an interview on Chinese state television that viruses being discovered now are “just the tip of the iceberg” and called for international cooperation in the fight against epidemics. Known as China’s “bat woman,” the deputy director of the Wuhan Institute of …
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(Bloomberg) — A large bearish position in U.S. equities that’s been amassed by trend-following funds may prove vital to the next move for stocks, according to a strategist who’s been analyzing markets since the early 1990s. The S&P 500 Index is now trading within 50 points of its 200-day moving average, a metric that’s proved …
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Hertz Files For Bankruptcy After 16,000 Employees Were Let Go And CEO Made Over $9 Million After 100 years in business, Hertz filed for bankruptcy on Friday, proving to be yet another casualty during Covid-19. The old-time entity now joins the likes of J.C. Penney, J. Crew, Neiman Marcus, Gold’s Gym, Pier 1 and …
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Wall Street spent Friday’s session making small moves ahead of a long holiday weekend. Investors were also reluctant to add to positions after the biggest weekly stock surge in weeks. Escalating tensions between the U.S. and China pushed investors further to the sidelines. On Friday, the U.S. Commerce Department said it was adding 33 Chinese …
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WASHINGTON – The Trump administration has discussed whether to conduct the first U.S. nuclear test explosion since 1992 in a move that would have far-reaching consequences for relations with other nuclear powers and reverse a decades-long moratorium on such actions, said a senior administration official and two former officials familiar with the deliberations. The matter …
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The combined fortunes of America’s billionaires ballooned by $434 billion during the coronavirus pandemic, even as millions of Americans lost their jobs, a new report says. That marked a 15 percent increase in the total net worth of the nation’s more than 600 billionaires between March 18 and May 19 as much of the country …
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Scientists are finding that the weakening is causing technical problems for satellites, and seems to be growing in its effects. Earth’s magnetic field, which is vital to protecting life on our planet from solar radiation, is mysteriously weakening. On average the planet’s magnetic field has lost almost 10% of its strength over the last two …
WASHINGTON — China’s plans to impose sweeping new security powers over Hong Kong could inflict even more damage on already fraught relations between Washington and Beijing, and force President Trump into uncomfortable decisions about whether to maintain his self-described friendly ties with the Chinese president, Xi Jinping. The proposal announced in Beijing on Thursday provoked …
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China wants to pass laws that can prevent and punish subversion “or any acts that severely endanger national security” A proposal to enact new Hong Kong security legislation was submitted to China’s rubber-stamp parliament on Friday, a move expected to fan fresh protests in the semi-autonomous city. The proposal, which has been condemned by the …
Prices of oil futures fell by 3% on Friday after China’s government failed to publish a gross domestic product (GDP) target for 2020 for the first time in 30 years, thus sparking fears that the country’s oil demand may suffer due to economic uncertainty. Beijing also announced a series of economic measures aimed to help …
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