By Tyler Olson | Fox News Both the United States and Canada have sent money to the Wuhan Institute of Virology, the Chinese lab that multiple sources tell Fox News is suspected of being the likely source of the coronavirus pandemic — with the Canadian funding coming as recently as last month. Fox News reported Wednesday that, according to sources, there is increasing confidence the novel […]
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Posted inHealthcare
Over 50,000 Coronavirus Patients in the U.S. Have Recovered From Infection
By Soo Kim More than 50,000 people have now recovered from the novel coronavirus in the U.S., according to the latest figures from Johns Hopkins University. The U.S. remains the epicenter of the outbreak, with more than 610,000 confirmed cases, including over 26,000 deaths, to date. Cases continue to emerge and the official figure for […]
Posted inEconomy
Stocks tumble amid historic declines in retail sales, manufacturing
By Jonathan Garber FOXBusiness Dow components Goldman Sachs and UnitedHealth reported quarterly earnings. U.S. equity markets slid Wednesday as two separate economic indicators showed mounting damage from the coronavirus pandemic and big banks fortified their balance sheets against loan defaults by hard-hit consumers and small businesses. The Dow Jones Industrial Average plunged by as many as […]
Posted inNational News
State Department leaked cables renew theories on origin of coronavirus
By Barnini Chakraborty | Fox News A Chinese laboratory at the center of new theories about how the coronavirus pandemic started was the subject of multiple urgent warnings inside the U.S. State Department two years ago, according to a new report. U.S. Embassy officials warned in January 2018 about inadequate safety at the Wuhan Institute of Virology lab and passed on information about […]
Posted inEconomy
Stocks slide after historic oil deal
By Jonathan Garber FOXBusiness U.S. equity markets opened with modest losses as investors digested the historic oil deal between OPEC and other oil-producing nations and looked ahead to first-quarter earnings season. The Dow Jones Industrial Average fell 350 points, or 1.48 percent, while the S&P 500 and Nasdaq Composite were lower by 1.26 percent and 0.73 percent, respectively. The early selling comes after the […]
Posted inHealthcare
‘Terrified’ doctors risking their health fighting coronavirus dealt another blow — pay cuts
By Marisa Schultz | Fox News Already overwhelmed by the scarcity of protective gear and the dangers of treating a highly contagious virus, many American doctors on the front lines of the COVID-19 pandemic have been dealt another punch in the gut. ShadeMaker Shades – Architectural Patio Shade Shop ShadeMaker from PatioProductsUSA. Shop with Confidence & Call Experts Now […]
Posted inFinance
Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one
By Ann Saphir, Linsay Dunsmuir SAN FRANCISCO/WASHINGTON (Reuters) – As the U.S. Federal Reserve rolls out trillions of dollars to blunt the economic fallout of the coronavirus pandemic, there’s a notable difference to the last financial crisis: close to zero concern over “moral hazard” – the sticky business of bailing out those whose dilemma is […]
Posted inCongress
House Republicans call for hearing on coronavirus modeling amid ‘conflicting data’
By Brooke Singman | Fox News Republicans on the House Oversight Committee are calling for a hearing to review the “modeling platforms” used to project the extent and impact of the coronavirus pandemic, claiming they exhibit “conflicting data” and have led to policies “placing extraordinary burdens” on Americans. Rep. Chip Roy, R-Texas, and other lawmakers penned a letter to House Oversight Committee Chairwoman […]
Posted inEconomy
Stocks surge as Fed rolls out $2.3T lending program
By Jonathan Garber FOXBusiness U.S. equity markets rallied Thursday after the Federal Reserve’s plan to provide $2.3 trillion in lending to households and businesses overshadowed a surge in jobless claims. The Fed’s initiative undergirds government efforts to combat fallout from the economic shutdown imposed to curb the spread of the COVID-19 pandemic. Traders were also awaiting the outcome of a virtual meeting […]
Posted inEconomy
Stocks rally amid signs coronavirus is plateauing
By Jonathan Garber FOXBusiness The S&P 500 is fighting to exit its bear market. Tech remains reliable in volatile stock market. U.S. equity markets rallied Wednesday amid optimism that hospitalizations related to the COVID-19 pandemic are beginning to plateau in some of the hardest-hit areas of the country. The Dow Jones Industrial Average climbed 257 points, or 1.14 percent, in the opening […]
Posted inEconomy
Dow pops over 1,600 points on coronavirus slowdown, new stimulus hopes
By Jonathan Garber FOXBusiness U.S. equity markets soared late Monday on chatter that a new round of fiscal stimulus valued at $1.5 trillion could come by mid-May, as reported by FOX Business’ Charlie Gasparino. The report fueled a late-day surge that added to the strong gains that developed early in the session after new data showed COVID-19 could be slowing in […]
Posted inHealthcare
WHO director faces calls for resignation over handling of coronavirus, China
By Tyler Olson | Fox News Amid persistent criticism that his organization failed to properly oversee China’s coronavirus response and worked to downplay the communist nation’s responsibility for the pandemic, World Health Organization Director-General Tedros Adhanom Ghebreyesus is facing growing calls for his resignation from American politicians and others around the world. Calls have been led by Sen. […]
