By Jonathan Garber FOXBusiness U.S. equity markets registered the strongest one-day rebound in history on Tuesday amid investor optimism that members of Congress will overcome their differences to reach a deal on a nearly $2 trillion COVID-19 stimulus package. In the final hour of trading, gains picked up steam giving the Dow Jones Industrial Average a 2,112 point gain, the biggest ever, or 11 percent, while […]
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Posted inCongress
Pelosi’s coronavirus stimulus includes return of ‘Obamaphones,’ other unrelated items, GOP says
By Gregg Re | Fox News House Speaker Nancy Pelosi introduced her own emergency coronavirus stimulus bill on Monday, leading furious Republicans to argue that much of the proposal contained a progressive wishlist seemingly unrelated to the crisis — including several provisions that amount to a resurrection of the notorious “Obamaphone” program, GOP officials said. The bill proposed by Pelosi, D-Calif., additionally seeks […]
Posted inEconomy
Stocks fall as coronavirus bill fails second vote
By Jonathan Garber FOXBusiness The Fed will buy Treasury and mortgage-backed securities in ‘amounts needed to support’ the economy. U.S. equity markets remained under pressure Monday after the coronavirus relief bill faced more opposition from Democrats on Capitol Hill. The lack of progress outweighed another move by the Federal Reserve which announced “extensive new measures” to support the […]
Posted inEconomy
Stock futures escape limit down as coronavirus stimulus package gets hammered out
By Jonathan Garber FOXBusiness S&P 500 futures fell by 5%, the limit at the open on Sunday. U.S. equity futures climbed off limit down Sunday evening as Congress continues to grapple over the details of a third COVID-19 stimulus package and as millions of Americans remain isolated at home in an attempt to combat the disease. At 8:11 p.m. ET Dow futures […]
Posted inHealthcare
Senator Rand Paul tests positive for coronavirus
By Ronn Blitzer | Fox News Sen. Rand Paul, R-Ky., became the first U.S. senator to test positive for the coronavirus Sunday and will remain in quarantine, his staff announced. The senator entered into quarantine in Kentucky and was continuing to work, while staffers in Paul’s Washington, D.C., office have been working remotely for the past 10 days, Fox News has […]
Posted inWorld
China’s relationship with WHO chief in wake of coronavirus outbreak under the microscope
By Barnini Chakraborty | Fox News The World Health Organization’s director-general kicked off his Friday by praising China’s efforts to contain and control the coronavirus. In an early-morning tweet, Tedros Adhanom Ghebreyesus applauded Beijing for its handling of the global pandemic, which China it is largely blamed for spreading. “For the first time, #China has reported no domestic #COVID19 cases yesterday. This is an […]
Posted inEconomy
Dow briefly craters below 19,000 as market plunge wipes out Trump-era gains
By Jonathan Garber FOXBusiness Oil plunged by more than 24 percent. The Dow Jones Industrial Average careened below 19,000 on Wednesday, wiping out all of the gains from the Trump era. The blue-chip index fell more than 2,200 points or 10.3 percent while the benchmark S&P 500 and tech-heavy Nasdaq Composite traded down by 9.8 percent and 8.7 percent, […]
Posted inEconomy
Dow claws back 1,049 points as Fed, Treasury move to restore investor confidence
By Jonathan Garber, Suzanne O’Halloran FOXBusiness U.S. equity markets bounced back after the worst drop since 1987 as President Trump, the Federal Reserve and the U.S. Treasury Department made further moves to restore investor confidence. Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 21237.38 +1,048.86 +5.20% SP500 S&P 500 2529.19 +143.06 +6.00% I:COMP NASDAQ COMPOSITE INDEX […]
Posted inEconomy
Dow tumbles over 2,300 as coronavirus fears outweigh Fed cuts
By Jonathan Garber FOXBusiness The Federal Reserve cut rates to near zero and launched a $700B asset-purchase program. The Dow Jones Industrial Average was off over 2,100 points after falling by more than 2,800 points, or 12 percent, at its worst levels while the S&P 500 and Nasdaq Composite were down around 7 percent each. Trading was halted for 15 minutes […]
Posted inHealthcare
Coronavirus in the US: State-by-state breakdown
By Alexandria Hein, David Aaro | Fox News As of Monday morning, the novel coronavirus has infected more than 164,470 people across 135 countries and territories, resulting in over 5,700 deaths. In the U.S., at least 49 states plus the District of Columbia have reported confirmed cases of COVID-19, tallying over 3,700 illnesses and 68 deaths. CORONAVIRUS: WHAT YOU NEED TO KNOW Here’s a […]
Posted inEconomy
Dow futures tumble 1,000 points after Fed takes emergency action
By Jonathan Garber FOXBusiness U.S. equity futures plunged limit down after the Federal Reserve took emergency action on Sunday evening. Dow Jones Industrial Average futures were lower by 1,040 points, or 4.5 percent, while the S&P 500 and Nasdaq Composite were down 4.4 percent and 4.6 percent, respectively. Sunday evening’s losses come after the Fed slashed its benchmark interest rate by 100 basis points to […]
Posted inImmigration
Hundreds of Chinese migrants detained at US border amid coronavirus-tied travel ban
By William La Jeunesse | Fox News Since officials first reported the coronavirus outbreak in Wuhan in late December and the United States imposed a travel ban for those entering from China, Border Patrol agents have detained 333 Chinese nationals attempting to enter the United States illegally, according to Department of Homeland Security data obtained by Fox News. While none have […]
