Good news about the coronavirus is in short supply. The United States’ confirmed case count is approaching half a million — more than triple any other country’s. The U.S. will soon lead the world in COVID-19 deaths as well. Roughly 95 percent of Americans are living under lockdown orders. No one seems to have any […]
Millions of lost jobs might not make U.S. consumers feel like shopping for a new car or taking up more debt in the midst of a global pandemic. But when, and if, American households are ready to start spending again on credit, the Federal Reserve plans to be there to help make it happen. The […]
Is the Fed’s massive coronavirus stimulus package helping the ultra-rich at the expense of ordinary American workers? That’s what Chamath Palihapitiya, chief executive of venture-capital firm Social Capital LP, argued Thursday. “ “On Main Street today, people are getting wiped out. Right now, rich CEOs are not, boards that have horrible governance are not. People […]
“ ‘Many people who are dying, both here and around the world were on their last legs anyway, and I don’t want to sound callous about that.’ ” That’s former Fox News host Bill O’Reilly explaining on Sean Hannity’s radio show why he believes the coronavirus pandemic is being overblown. “The [U.S. death toll] projections […]
It won’t be your typical Easter, or Passover, on Wall Street, in the era of the deadly COVID-19 pandemic that has forced a global shutdown of businesses and caused governments to impose social-distancing measures to curb its spread. But, as is traditional, U.S. exchanges on Friday will be closed in observance of Good Friday, and […]
“ ‘No one should think the government can wave a wand an all of sudden the economy is anything like it was before this happened.’ ” — Bill Gates That is billionaire Bill Gates, the co-founder of Microsoft MSFT, +0.00% and noted philanthropist during a 26-minute interview on CNBC on Thursday. Gates, who boasts a […]
Getty Joe Biden has unveiled two proposals in what he calls a step towards easing the “economic burden on working people” in the wake of Bernie Sanders‘ exit from the race for the Democratic presidential nomination, but the moves are far more conservative than the ones at the centre of his progressive rival’s campaign and […]
In his 2014 book “The Loudest Voice in the Room,” journalist Gabriel Sherman reported that top Fox News executives meet every morning to strategize about how the network can angle its daily coverage to advance the Republican Party’s political agenda. After first downplaying the threat of the coronavirus, then accusing Democrats of overhyping it to […]
Dr. Denis Vincent was in the business of smiles. His patients say he was a talented dentist, but remember him most vividly for his gift of making others feel good. “You knew he had competency, but he was also a people person. He made you feel at ease,” said longtime patient Anne Bethune. “You know […]
The Cathedral of St. John the Divine is the latest iconic New York City location to be repurposed as a field hospital to assist the city in handling the increased capacity of hospital beds needed amid the COVID-19 pandemic. The number of confirmed cases in the city reached 80,204, and the number of deaths 4,260, […]