By Jonathan Garber FOXBusiness U.S. equity markets slid Monday as oil crashed below zero and closed at its lowest level since recordkeeping began in March 1983. The Dow Jones Industrial Average fell by as many as 489 points, or 2.02 percent, before paring its losses. The S&P 500 and Nasdaq Composite were down 1.53 percent and 1.01 percent, respectively, at their lows. […]
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Posted inWeather
Severe storms leave deadly mark on South as tornadoes reported, thousands without power
By Travis Fedschun | Fox News The Deep South was slammed by powerful thunderstorms late Sunday into Monday, as a powerful storm system brought reported tornadoes, heavy rains and high winds that left tens of thousands without power. The National Weather Service’s (NWS) Storm Prediction Center (SPC) said severe thunderstorms associated with a powerful cold front have shifted to coastal areas of the Carolinas and Georgia. Thunderstorms are also forecast to impact Florida through […]
Posted inThe Wall
Trump’s policies, border wall have been critical in containing coronavirus, CBP chief says: ‘We’re much better positioned now’
By Sam Dorman | Fox News The United States would be in a much worse position to combat the coronavirus if President Trump hadn’t implemented a series of reforms surrounding immigration, Customs and Border Protection (CBP) Commissioner Mark Morgan said this week. “Look at where we’ve come because of this president, because of this administration, because of the tools, including the wall … We’re much […]
Posted inWorld
Chinese epicenter Wuhan raises number of virus dead by about 50 percent
By Greg Norman | Fox News China raised Wuhan’s coronavirus death toll by nearly 50 percent Friday following weeks of allegations that officials were underreporting the numbers to make the situation there look better than it actually was. The city where the coronavirus outbreak is believed to have originated is now reporting 3,869 deaths after adding 1,290 to its previously-announced figure. Numbers of total cases in the […]
Posted inWorld
Lawmakers call for China to face accountability as suspicion grows that coronavirus leaked from lab
By Brooke Singman | Fox News Lawmakers are calling for China to face accountability as suspicion grows that the novel coronavirus escaped from a lab before touching off the catastrophic pandemic, claiming the Chinese government is responsible and must “pay the price.” “There is zero doubt that the Chinese communist government has American blood on its hands. They put American lives […]
Posted inWorld
US, Canada have funded Chinese lab eyed as likely source of coronavirus outbreak
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 […]
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 […]
