Intel Corp. revealed Thursday afternoon that earnings and revenue spiked well above expectations in the first quarter, but predicted that profit would come in lower than projections in the second quarter, sending shares down in after-hours trading. Intel US:INTC reported first-quarter net income of $5.66 billion, or $1.31 a share, compared with $3.97 billion, or […]
President Donald Trump said Thursday evening that the spread of COVID-19 could be drastically slowed by the onset of warmer and more humid weather during a Coronavirus Task Force press briefing, citing data from the Department of Homeland Security. William Bryan, the science and technology adviser to the secretary of DHS, presented the results of […]
ICRC donates medical equipment amid concerns about the spread of the coronavirus disease in Gaza By Nidal al-Mughrabi GAZA (Reuters) – The International Committee of the Red Cross (ICRC) on Thursday donated vital intensive care equipment to Gaza hospitals but said they remain underequipped for any wider outbreak of the new coronavirus in the territory. […]
WASHINGTON — The coronavirus would be reduced to easily extinguished “embers” by the time next fall’s influenza season strikes, President Trump said at Wednesday’s briefing of the White House task force, even as his top health experts continued to offer a decidedly more guarded outlook. “We will have coronavirus in the fall. I am convinced […]
Under the Trump administration’s $2.2 trillion CARES Act, the Internal Revenue Service is sending $1,200 to individuals with annual adjusted gross income below $75,000 and $2,400 to married couples filing taxes jointly who earn under $150,000, plus $500 per qualifying child. The payments begin to shrink above those levels. Do you think that threshold is […]
America is staring down a widespread COVID-19 testing shortage with no vaccine in sight. So what happens when coronavirus makes its unceremonious return? “There’s a possibility that the assault of the virus on our nation next winter will actually be even more difficult than the one we just went through,” Robert Redfield, director of the […]
This article has been updated to include more information about the status of the debt and type of relief that owners of the Fontainebleau are seeking. The Fontainebleau hotel put Miami Beach on the map in the 1950s when the sprawling oceanfront property opened its doors for business. Now it is part of a far […]
President Donald Trump on Wednesday said he disagreed with Georgia’s decision to restart its economy while seeking to tamp down a pair of budding controversies on how his administration is handling the coronavirus pandemic. Georgia is the first state in the country to significantly loosen restrictions, though many remain in place and some cities such […]
Casino stocks rallied in the extended session Wednesday after Las Vegas Sands Corp. executives discussed a rebound in revenue among its properties across Asia. Las Vegas Sands LVS, +0.83% shares surged 7.6% in the extended session Wednesday, as Wynn Resorts Ltd. WYNN, -0.52% rallied 5.3% and MGM Resorts International MGM, +0.75% climbed 2%. Sands executives […]
Singapore won praise for initially keeping its outbreak in check but has been hit by a second wave of infections. Here are the latest developments in Asia related to the novel coronavirus pandemic: – US state sues China – The US state of Missouri has sued China’s leadership over the coronavirus crisis, prompting an angry […]