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CDC is worried Americans aren’t following its advice as the number of U.S. coronavirus cases continues to rise

5 years ago

CDC Director Robert Redfield said Thursday that he’s “very concerned” the agency’s public health message on the coronavirus isn’t “resonating” with the public as the number of cases continues to rise across the U.S.
Testifying before the House Appropriations Committee, Redfield said he sees “a lot of people” not wearing masks in Washington, D.C., where he works.
While cases have slowed in hot spots such as New York state, the U.S. is still seeing roughly 20,000 new Covid-19 cases a day.

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The pandemic led to ‘one of the greatest wealth transfers in history’

5 years ago

The coronavirus pandemic has produced “one of the greatest wealth transfers in history,” CNBC’s Jim Cramer said.
“The bigger the business, the more it moves the major averages, and that matters because this is the first recession where big business … is coming through virtually unscathed,” the “Mad Money” host said.

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Trump administration bans Chinese passenger airlines from flying to U.S.

5 years ago

President Donald Trump’s administration is banning Chinese airlines from flying to the United States starting in mid-June as Beijing hasn’t permitted U.S. carriers to resume flights there.
Delta and United are seeking to resume flights to China after suspending service earlier this year because of the coronavirus.

Dow tumbles 900 points to end Wall Street’s worst week since 2008

5 years ago

Stocks attempted to rally on Friday, but failed, concluding one of the most volatile weeks on Wall Street ever as investors grapple with mounting fears over the coronavirus’ economic blow.

Helping China cut carbon emissions isn’t a financial game every business can play

5 years ago

China is the world’s largest consumer of coal, and accounts for nearly half of global investment in renewable energy.
For privately run companies in China wanting to be part of the projected growth in renewables, just being in the right industry isn’t a guarantee.
The sharp decline in the valuation of companies such as Shenwu highlights the large risks such energy technology companies must take on, and the fallout if cash flow, construction contracts, production and orders fail to align.

Morgan Stanley is planning to bring traders back to New York headquarters next month

5 years ago

Managers have been plotting for weeks on how to bring employees back to its Times Square headquarters, helped in part by what they’ve learned by reopening their Asia offices and an informal consortium of banks including JPMorgan Chase and Wells Fargo, according to the people.

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Trump says the U.S. will cut ties with World Health Organization

5 years ago

President Donald Trump announced Friday that the United States will cut ties with the World Health Organization.
Earlier this month, Trump threatened to permanently cut off U.S. funding of the WHO.
He has claimed the WHO is “China-centric” and blames the agency for advising against China travel bans early in the outbreak.

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Coronavirus live updates: China reports 105 additional deaths, 2,048 new cases

5 years ago

China’s Hubei province said it has confirmed 1,933 new coronavirus cases and 100 more deaths as of Feb. 16.
American passengers quarantined on the Diamond Princess cruise ship in Japan began evacuating on Sunday.

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Moderna would never release coronavirus vaccine data different from ‘reality,’ chairman says

5 years ago

Moderna would never put out data on its potential vaccine for the coronavirus that was different from “reality,” the biotech firm’s chairman told CNBC.
The company put out the extent of data it had available, Moderna Chairman Noubar Afeyan said.

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Dow surges more than 900 points in best day since early April amid hope for coronavirus vaccine

5 years ago

The Dow Jones Industrial Average closed 911.95 points higher, or 3.9%, at 24,597.37. The S&P 500 gained 3.2% to close at 2,953.91 while the Nasdaq Composite advanced 2.4% to 9,234.83. The Dow and S&P 500 both had their biggest one-day gains since April 6 while the Nasdaq posted its best rally since April 29. The S&P 500 also closed at its highest level since March 6.

Breaking News

CDC is worried Americans aren’t following its advice as the number of U.S. coronavirus cases continues to rise

The pandemic led to ‘one of the greatest wealth transfers in history’

Trump administration bans Chinese passenger airlines from flying to U.S.

Dow tumbles 900 points to end Wall Street’s worst week since 2008

Helping China cut carbon emissions isn’t a financial game every business can play

Morgan Stanley is planning to bring traders back to New York headquarters next month

Trump says the U.S. will cut ties with World Health Organization

Coronavirus live updates: China reports 105 additional deaths, 2,048 new cases

Moderna would never release coronavirus vaccine data different from ‘reality,’ chairman says

Dow surges more than 900 points in best day since early April amid hope for coronavirus vaccine

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