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Stocks slide after Congress breaks with no COVID-relief deal

by USNNAugust 14, 2020August 14, 2020

By Jonathan Garber FOXBusiness U.S. equity markets slipped Friday morning after lawmakers went on break without agreeing on a coronavirus relief package and retail sales softened. The Dow Jones Industrial Average fell 87 points, or 0.31%, in the opening minutes of trading while the S&P 500 dropped 0.23% and and the Nasdaq Composite swung between tiny […]

Department of Justice

Trump lays down gauntlet for Barr on Durham probe: Either ‘greatest attorney general’ or ‘average guy’

by USNNAugust 13, 2020August 13, 2020

By Brooke Singman | Fox News ‘I hope they’re not going to be politically correct,’ Trump said. President Trump on Thursday said he hopes U.S. Attorney John Durham, who is investigating the origins of the Russia probe, is “not going to be politically correct” and warned that Attorney General William Barr could go down as “the greatest attorney general” […]

Opinion

Sally Pipes: Another coronavirus lockdown would hurt these patients and providers

by USNNAugust 10, 2020August 10, 2020

By Sally Pipes | Fox News Foregoing medical care on such a large scale can be catastrophic. Last week, National Institute of Allergy and Infectious Diseases Director Dr. Anthony Fauci urged states with rising COVID-19 rates to consider a new round of lockdown restrictions. “You may need to pause, you may need to drop back a little bit,” Fauci said. “I don’t think you necessarily have to […]

Even as the number of confirmed coronavirus cases has leveled off in recent weeks, moving companies say they remain inundated with requests from people leaving New York City. Big Apple-based moving company Oz Moving, for example, told FOX Business that the volume of moves continues to rise at a “substantial rate” – in addition to a “drastic” spike in storage compared with years prior. The company has seen an average increase in quote requests of 30 percent year over year. NYC HOUSING MARKET RECOVERY MAY HINGE ON SCHOOLS REOPENING By July 15 Oz Moving was booked to capacity for the remainder of the month, and while it is always busy over the summer, 2020 marked the first time in 27 years the company was unable to take on additional jobs so early on. Similarly, Roadway Moving President Ross Sapir told FOX Business that it is the busiest summer he has ever had. “Insanely busy and for the last 3 months we couldn’t keep up with the demand,” Sapir said. To accommodate movers who have already left Manhattan, Oz Moving even recently introduced an “absentee move,” which employees can carry out when residents are not in their apartments. The company said it is quickly becoming one of its most sought-after services. Both Roadway Moving and Oz Moving told FOX Business in May that the pandemic had caused business to boom in New York City, describing a panicked flight out of the densely-populated metro. MORE AMERICANS SIGNED CONTRACTS TO BUY HOMES IN JUNE Both continue to detail an exodus, and other statistics confirm heightened interest in leaving. According to the most recent data from United Van Lines, between May and July there was a 95 percent year over year increase in interest in moving out of Manhattan. That compares with a 19 percent increase in moving interest in the U.S., overall. The top destinations for people who moved out of New York City between March and August were Florida and California – which together comprised 28 percent of relocations. Texas and North Carolina made up 16 percent of moves. New York’s Democratic Gov. Andrew Cuomo joked during a recent press conference that he has been bribing his friends to return to Manhattan with promises of free dinners and drinks. “We’re trying to get people to come back,” Cuomo said. “They’re not coming back right now.” GET FOX BUSINESS ON THE GO BY CLICKING HERE Still, some local real estate experts say perception of the issue may be overblown. Lindsay Barton Barrett, a real estate broker with Douglas Elliman, told FOX Business that some of the data and stories are skewed by the fact that in-person showings only recently resumed in Manhattan, while they were allowed in other areas weeks earlier. “The reality is that there are always people in New York selling their homes and leaving,” Barrett said. “There are certain sectors of the market that are still active and other sectors of the market that are on hold.” Barrett noted that some people may have temporarily left the city – with plans to return – which explains a dramatic spike in storage requests. As previously reported by FOX Business, a big factor that may play into the Manhattan real estate recovery is whether schools reopen. Parents often relocate to be closer to their children’s school.

Life, Nature and Tradition

NYC relocations accelerating at ‘substantial’ pace, local movers say

by USNNAugust 7, 2020August 7, 2020

By Brittany De Lea FOXBusiness Even as the number of confirmed coronavirus cases has leveled off in recent weeks, moving companies say they remain inundated with requests from people leaving New York City. Big Apple-based moving company Oz Moving, for example, told FOX Business that the volume of moves continues to rise at a “substantial rate” – in addition to a […]

National News

NRA fights back, files its own suit against NY attorney general seeking to disband organization

by USNNAugust 6, 2020August 6, 2020

By Stephanie Pagones | Fox News President Trump slammed AG Letitia James’ suit against the group, calling it ‘a very terrible thing’. The National Rifle Association is fighting back against a lawsuit filed Thursday by New York’s attorney general by submitting its own civil suit against the state official, accusing her of defamation and violating its rights to free speech. The NRA’s […]

World

Beirut explosion: Rescue workers frantically search for survivors as Lebanon capital confronts massive devastation

by USNNAugust 5, 2020August 5, 2020

By Danielle Wallace | Fox News At least 100 have died and some 4,000 are injured. Rescuers on Wednesday are working frantically to search for survivors in Beirut a day after a massive explosion rocked the Lebanese capital, leaving at least 100 dead and some 4,000 injured. Lebanon’s Health Minister Hamad Hassan told reporters outside a hospital that the death toll […]

Congress

Dem Senator walks out of Ted Cruz’s Antifa hearing: ‘I don’t think you listen’

by USNNAugust 4, 2020August 4, 2020

By Marisa Schultz | Fox News Cruz accuses Democrats of not forcefully denouncing the leftist extremist group. Tensions flared at a Senate hearing on Antifa when a top Democrat walked out of the room declaring she couldn’t sit through Sen. Ted Cruz’s rhetorical speeches any longer. The dustup occurred when Cruz, R-Texas, blasted Democrats for not condemning Antifa more directly for the violence […]

Economy

Stocks rally as slow coronavirus-relief talks move in ‘right direction’

by USNNAugust 4, 2020August 4, 2020

By Jonathan Garber FOXBusiness Microsoft has until Sept. 15 to strike a deal for TikTok’s US operations. U.S. equity markets rallied Tuesday morning after a Democratic negotiator said deadlocked Congressional talks on coronavirus relief, including extra unemployment benefits that boosted the economy before running out last month, were moving in the “right direction.” The Dow Jones Industrial Average gained 123 points, or […]

National News

Joe Biden should not debate President Trump, Clinton’s ex-WH spokesman says

by USNNAugust 3, 2020August 3, 2020

By Edmund DeMarche | Fox News Joe Lockhart, the former White House press secretary, penned an op-ed last week urging Joe Biden to skip debating President Trump prior to the November election. STEVE HILTON: TRUMP NEEDS MORE ENERGY “Whatever you do, don’t debate Trump,” he wrote on CNN. “Trump has made more than 20,000 misleading or false statements according to […]

Healthcare

In Congress, challenges of combatting coronavirus parallel fights across the country

by USNNAugust 2, 2020August 2, 2020

By Chad Pergram | Fox News The US has representative government; American history plays out under the Capitol Dome. Let’s begin with two, basic premises. First, the U.S. truly has “representative government.” That is to say, the amalgamation of lawmakers sent to Washington from the four winds truly represent the attitude and vicissitudes of America’s diverse regions and cultures. Lawmakers in Washington mirror their […]

Economy

Trump says second stimulus check could be ‘way higher’ than $1,200

by USNNJuly 30, 2020July 30, 2020

By Megan Henney FOXBusiness ‘I’d like to see it be very high because I love the people. I want the people to get it,’ Trump said. President Trump suggested this week the next coronavirus relief package could include a direct cash payment for American families that’s potentially higher than $1,200. “It may go higher than that actually,” Trump during an interview […]

Soros-backed DAs join fray in clash with officers as political investment pays off