The bull market is dead, long live the bull market. By some accounts, the Dow Jones Industrial Average DJIA, +6.38% just entered a new bull-market phase, killing the 11-day-old bear market. To some market participants that notion may, indeed, feel like a lot of bull. It may be somewhat disingenuous to refer to the […]
The number of global cases of the coronavirus that causes COVID-19 climbed above half a million on Thursday, and U.S. jobless claims soared to a historic level after workers were laid off or furloughed as non-essential services were ordered to close. The number of Americans who applied for unemployment benefits last week rocketed to a […]
Shares of Boeing have almost doubled in just a few days. But shareholders still must deal with the aerospace giant’s questionable corporate culture. Boeing’s BA, +13.75% internal culture contributed to the flawed development of its 737 MAX jetliners (one of which crashed in December 2018 and a second in March 2019). Many have alleged that […]
While New York City is the U.S. coronavirus epicenter today by a large margin, cases are expected to spread and peak in waves across U.S. cities over the next few months. “It’s like any epidemic; it’s not equal everywhere,” said Dr. Deborah Birx, a public health expert on the White House’s coronavirus response team, at […]
Dear Moneyist, One of my coworkers was diagnosed with the coronavirus; she is a medical assistant at our dermatology office. We believe she got it from another coworker. No one wants to go in because the place has not been professional disinfected or cleaned. The owner is also seeing patients that are from Lakewood, N.J., […]
US coronavirus deaths could reach 81,000 by July, even with current social distancing measures in place, according to a new report from researchers at the University of Washington. Some hospitals could run out of ventilators and intensive care unit beds as early as mid-April, the report projected. However, the researchers said the initial wave of […]
WASHINGTON — Voting reforms that would make it much easier to cast ballots by mail in the fall presidential election were left out of the $2 trillion rescue package that was unveiled Wednesday, but key lawmakers vowed to keep pushing for a series of measures that would prepare the country for an election in the […]
Associated Press Senate Majority Leader Mitch McConnell predicted the coronavirus-aid bill will pass later Wednesday. A sweeping package designed to cushion the impact of the coronavirus outbreak on Americans hit a snag in the Senate late Wednesday, after leaders eyed speedy passage earlier in the day. Republican senators and Sen. Bernie Sanders were battling over […]
Floyd Cardoz, the Mumbai-born, New York City-based chef who changed countless diners’ perceptions of Indian cuisine, has died at the age of 59 after testing positive for COVID-19. Shortly after returning from a trip to India on March 8, Cardoz began feeling feverish and admitted himself to a New York hospital as a precautionary measure, […]
WASHINGTON (AP) — The U.S. government has concluded that retired FBI agent Robert Levinson, who vanished more than a decade ago, has died while in the custody of Iran, his family said Wednesday. Shortly after the family’s announcement, President Donald Trump told reporters that “I won’t accept that he’s dead,” even though his own acting […]