Wall Street started in the green on Monday after Moderna Inc. announced that early-stage trials of the COVID-19 vaccine gave positive results so far, adding it expects the final stage of the trials could begin in July. Also, the United States Federal Reserve Chair Jerome Powell said that “there’s really no limit to what we …
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(Bloomberg) — The workings of passive investment indexes in times of crisis is already a subplot of the virus drama following histrionics in the oil market. It’s shaping up as a flashpoint in stocks, too, as overseers wrestle with pushing the eject button on wounded companies. It’s an urgent issue for the people who run …
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US Democrats have launched an investigation into President Donald Trump’s firing of the state department’s internal watchdog. Inspector General Steve Linick was investigating Secretary of State Mike Pompeo for suspected abuse of office, reports say. But he was sacked late on Friday after Mr Trump said he no longer commanded his full confidence. The move …
WASHINGTON (AP) — The day he declared the COVID-19 pandemic a national emergency, President Donald Trump made a cryptic offhand remark. “I have the right to do a lot of things that people don’t even know about,” he said at the White House. Trump wasn’t just crowing. Dozens of statutory authorities become available to any …
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The dramatic decline in the price of oil has led to massive investment reductions by U.S. oil and gas producers. We expect at least a 35 percent drop in such investment between the first and second quarters of 2020 in real (inflation-adjusted) terms, which will reduce nonresidential business fixed investment by 6 percentage points alone. …
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I told you their would be a vaccine even if their is no vaccine Trump announces ‘Operation Warp Speed,’ says U.S. could have coronavirus vaccine by January Likening it to the national push to build the atomic bomb during World War II, President Trump on Friday announced Operation Warp Speed, a government coordinating effort aimed at securing …
The Bureau of Industry and Security (BIS) today announced plans to protect U.S. national security by restricting Huawei’s ability to use U.S. technology and software to design and manufacture its semiconductors abroad. This announcement cuts off Huawei’s efforts to undermine U.S. export controls. BIS is amending its longstanding foreign-produced direct product rule and the Entity …
WASHINGTON (AP) — Democrats have powered a massive $3 trillion coronavirus relief bill through the House, an election-year measure designed to brace a U.S. economy in free fall and a health care system struggling to contain a pandemic still pummeling the country. Friday’s 208-199 vote, with all but one Republican opposed, advances what boils down …
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Chinese refineries increased their run rates by 11 percent last month as the country began to emerge from the months-long lockdown prompted by the coronavirus outbreak that became a pandemic. At 13.1 million bpd, the April run rates were also higher than the average for the same month in 2019. The news indicates a marked …
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WASHINGTON (AP) — As businesses reopened Friday in more of the U.S., an overwhelming majority of states still fall short of the COVID-19 testing levels that public health experts say are necessary to safely ease lockdowns and avoid another deadly wave of outbreaks, according to an Associated Press analysis. Rapid, widespread testing is considered essential …
Continue reading “Most states still fall short of recommended testing levels”