People wearing face masks walk on the promenade of the Bund along the Huangpu River in Shanghai on February 28, 2020. Hector Retamal | AFP | Getty Images 10:00 am:Â Pence says stock market will recover Vice President Mike Pence is confident the stock market’s weakness last week will recover. “This economy and particularly the stock […]
Tag: Coronavirus
Trump criticizes Fed, calls for lower rates amid coronavirus fallout
Donald Trump and Jerome Powell Getty Images President Donald Trump on Saturday doubled down on his criticism of the Federal Reserve and what he sees as its reluctance to lower interest rates in the midst of coronavirus fears and its potential impact on the American economy. “Our Fed should start being a leader,” Trump said […]
Coronavirus live updates: France bans large gatherings
A couple wearing a mask in front of the Eiffel Tower. NurPhoto This is a live blog. Please check back for updates. All times below are in Eastern Standard time. Total confirmed cases: More than 85,000 Total deaths: At least 2,933 9:45 am:Â Britain reports number of coronavirus cases has risen to 23 The number of […]
WHO warns of spread to every country, Mexico confirms first cases
Disinfection professionals wearing protective gear spray anti-septic solution against the coronavirus (COVID-19) at a subway station on February 28, 2020 in Seoul, South Korea. Chung Sung-Jun | Getty Images This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 83,700 Total deaths: At […]
Coronavirus means we’ll miss Q3 Windows segment guidance
Microsoft shares fell 2% in extended trading on Wednesday after the company said it doesn’t expect to meet the quarterly revenue guidance it previously provided for the segment that includes Windows. The move comes during a week that has seen a market selloff amid fears about the virus. Last week Apple disclosed that it did […]
Trump says he will have a press conference at White House on coronavirus at 6 pm ET
President Donald Trump speaks to the press in the Oval Office of the White House on October 2, 2019 in Washington, DC. Brendan Smialowski | AFP | Getty Images President Donald Trump said Wednesday that he will discuss the deadly coronavirus outbreak during a news conference at 6 p.m. ET with officials from the Centers […]
US plans trial of Gilead coronavirus drug remdesivir
A scientist at Gilead Sciences analyzes patient antibody levels at the Gilead laboratory in Foster City, Calif. David Paul Morris | Bloomberg | Getty Images The U.S. is planning a clinical trial of Gilead’s experimental drug for the novel coronavirus, according to a posting on a government clinical trials database. The trial, run by the […]
Coronavirus fears could push mortgage rates past 4-year low
As coronavirus fears hit financial markets, U.S. bond yields are tanking, pushing mortgage rates that loosely follow the 10-year Treasury yield toward an eight-year low. They could sink even lower. The average rate on the popular 30-year fixed mortgage hit 3.34% on Monday, according to Mortgage News Daily. That is for borrowers with strong financials […]
Buffett warns of virus impact, global markets roiled
A pedestrian wearing a face mask walks past a stock indicator displaying share prices of the Tokyo Stock Exchange in Tokyo on February 3, 2020. BEHROUZ MEHRI | AFP via Getty Images This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 79,400Total […]
China reports 648 new cases, South Korea cases spike
South Korean health officials spray disinfectant in front of the Daegu branch of the Shincheonji Church of Jesus in the southeastern city of Daegu on February 21, 2020. Jung Yeon-je | AFP | Getty Images 10:10 pm: President Trump says China’s Xi is doing a ‘good job’ combating coronavirus President Donald Trump on Sunday repeated […]
