The battle to become the Democratic Party’s presidential nominee looks set to take a sizable step toward its resolution on Tuesday, as a huge number of delegates will get parceled out. The Super Tuesday voting in 14 states and one U.S. territory is putting in play more than a third of the pledged delegates at […]
For the first time, someone in the United States has tested positive for the COVID-19 coronavirus without a known source of their infection. And infectious disease experts warn that this could be just the tip of the iceberg, despite the U.S. government’s efforts to halt the spread of the illness. An individual in California was […]
WASHINGTON — As she rose to stand in the East Room of the White House on Feb. 6, the eyes of the nation were upon Elise Stefanik. President Trump was celebrating his acquittal in the impeachment trial the day before with a freewheeling address that excoriated his critics and praised his supporters. One by one, […]
An Oklahoma man convicted of kidnapping his stepdaughter as a child and holding her in captivity for nearly 20 years has been sentenced to life in prison, prosecutors said Tuesday. Henri Michelle Piette was found guilty in June by a federal jury of kidnapping and traveling with intent to engage in a sexual act with […]
WASHINGTON — President Trump addressed the nation from the White House briefing room on Wednesday evening in an effort to calm anxieties about the rapid proliferation of coronavirus. In a seeming acknowledgement that the White House response has lacked clarity and cohesion, Trump announced he was putting Vice President Mike Pence in charge of the […]
U.S. Treasury bonds rallied Wednesday afternoon as the accelerating spread of COVID-19 outside of China kept investors on edge, preventing a selloff in government bonds even as stocks looked to claw back from their worst back-to-back losses in several years. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, -1.54% was virtually unchanged at […]
There’s something different about the threat COVID-19 poses to the global economy. And that’s what has investors worried. “Because of its genesis in China, coronavirus is both a demand and a supply shock to the global economy,” said Brian Nick, chief investment strategist at Nuveen, in a Tuesday note. “Outside of China, however, evidence based […]
Bloomberg News/Landov Buckle up, it’s going to be a bumpy ride. Unless it’s not. Even as coronavirus concerns upended financial markets over the past week, exchange-traded fund investors have behaved in a very peculiar way. They have been relatively rational. That’s even as U.S. markets saw their worst two-day slide in stocks on record. Investors […]
Diageo became the latest multinational to measure the impact of the coronavirus epidemic on Wednesday as the world’s biggest spirits maker said the virus could hit profits by up to £200 million ($258.5 million) in 2020. For weeks, numerous companies across the globe have avoided quantifying the true cost of the virus and its potential […]
Investors looking to get back into the stock market once the selling stampede finally subsides might not want to chase the initial bounce, said a prominent Wall Street analyst. The Dow Jones Industrial Average DJIA, -0.46% DJIA, -0.46% turned lower Wednesday after jumping more than 460 points in early trade, while the S&P 500 SPX, […]