Month: July 2020

106599622 1595253449671 vac

Early coronavirus drug trials tested vaccines mostly on White people; next phase aims for diversity

Dado Ruvic | Reuters With chronic asthma, food allergies and a heart condition, Thomas Silvera does everything he can to safeguard his health, including getting vaccines. So if and when a Covid-19 vaccine becomes available, he said he’s leaning toward getting that, too. But before vaccines reach the market, they go through wide-scale testing for …

Early coronavirus drug trials tested vaccines mostly on White people; next phase aims for diversity Read More »

106642421 1596199137470 gettyimages 1227842875 lee072220landloards1biz

What to do if you’re at risk of eviction now that the CARES Act moratorium has ended

Protesters gather at a July 22 rally in Boston in support of legislation to block evictions in Massachusetts for up to a year. Boston Globe | Boston Globe | Getty Images If you’re facing eviction during the pandemic, you’re definitely not alone.  Up to 40 million Americans may lose their homes in this downturn, four times the …

What to do if you’re at risk of eviction now that the CARES Act moratorium has ended Read More »

106624110 1595272143954 gettyimages 1256539453 cz9i8780 2020071620324399 scaled

$600 unemployment booster isn’t primary reason people do or do not work: Yale economists

In the $1 trillion stimulus proposal released by Senate Republicans on Monday — the Health, Economic Assistance, Liability Protection and Schools, or HEALS, Act — the $600 per week unemployment boost of the CARES Act, which expires Friday, would decrease to $200 per week. That’s because Republican leaders have largely said the extra $600 a week discourages people from returning to …

$600 unemployment booster isn’t primary reason people do or do not work: Yale economists Read More »

104938454 Y2A0131

Warren Buffett adds to his Bank of America buying spree, bringing stake to 11.8%

Warren Buffett, chairman and CEO of Berkshire Hathaway David A. Grogan | CNBC Warren Buffett’s Berkshire Hathaway this week again added to his already-enormous stake in Bank of America at a time when the coronavirus pandemic dampens the economic outlook and interest rates hold near record lows. A Securities and Exchange Commission filing showed Buffett’s …

Warren Buffett adds to his Bank of America buying spree, bringing stake to 11.8% Read More »

106640786 1596128185880 gettyimages 1227782602 07252020 phh mask 03 scaled

U.S. officials see ‘signs of progress’ in Sun Belt coronavirus outbreaks, though deaths remain high

People wearing face masks as a preventive measure walk at Lake Eola Park, Florida, July 25, 2020. Paul Hennessy | SOPA Images | LightRocket | Getty Images The Department of Health and Human Services said Thursday they are seeing “signs of progress” in southern states fighting the coronavirus pandemic, though the number of deaths remains …

U.S. officials see ‘signs of progress’ in Sun Belt coronavirus outbreaks, though deaths remain high Read More »

106605576 1594124127874gettyimages 1197609690 scaled

Shares of Caterpillar rise after the Dow component reports better-than-expected results

Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020. Luke Sharrett | Bloomberg | Getty Images Industrial machinery manufacturer Caterpillar said Friday that cost reduction and prioritized spending helped it offset a $1.4 billion decline in dealer inventories during the second quarter and …

Shares of Caterpillar rise after the Dow component reports better-than-expected results Read More »

106382517 1581347328368monzo1 scaled

Monzo’s losses double as popular UK digital bank warns of pandemic uncertainty

A Monzo debit card being used at a payment terminal. Monzo British digital bank Monzo said Thursday that its annual losses more than doubled and warned its ability to continue operating had become more uncertain due to the coronavirus pandemic. The start-up reported an annual post-tax loss of £113.8 million ($149.5 million) in its 2020 …

Monzo’s losses double as popular UK digital bank warns of pandemic uncertainty Read More »

106641625 15961597755ED1 ASB RonnieChan 073020

China’s luxury retail sector is booming even amid the coronavirus outbreak: Hang Lung Properties

The luxury retail market in mainland China has been “very, very strong” from April to July and is likely to hold up well for the rest of the year as long as there is no strong resurgence of the coronavirus, says Ronnie Chan, chairman of Hang Lung Group and its subsidiary Hang Lung Properties. 02:26 …

China’s luxury retail sector is booming even amid the coronavirus outbreak: Hang Lung Properties Read More »

106639085 1596061176919 oil scaled

Trump wants second stimulus checks to be more than $1,200. Experts question whether that’s the right relief

U.S. President Donald Trump delivers a speech during a tour of the Double Eagle Energy Oil Rig in Midland, Texas, July 29, 2020. Carlos Barria | Reuters Lawmakers on both sides of the aisle are in agreement on sending a second batch of $1,200 stimulus checks to millions of Americans. And now President Donald Trump …

Trump wants second stimulus checks to be more than $1,200. Experts question whether that’s the right relief Read More »

106571238 1591730206689gettyimages 1226569534 1

A third of small-business owners have tapped personal funds to stay afloat, survey finds

LeoPatrizi There may be a financial storm brewing at a key intersection on Main Street. Roughly 35% of small-business owners in a survey said they’ve needed to tap their own funds — via a personal credit card and/or savings, for example — to help prop up their business in the months since the coronavirus whacked …

A third of small-business owners have tapped personal funds to stay afloat, survey finds Read More »

106274216 1575316780530gettyimages 1137684994 scaled

Ford beats Wall Street earnings expectations after coronavirus shuttered factories

Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images Ford Motor performed far better than Wall Street expected during the second quarter, even beating its own expectations as the coronavirus caused rolling shutdowns of its plants across the globe. Here’s how …

Ford beats Wall Street earnings expectations after coronavirus shuttered factories Read More »

106156538 1569875552064gettyimages 1169825001 scaled

Apple posts blowout third quarter, with sales up 11% despite coronavirus disruptions

Apple reported a historically strong quarter on Thursday, including $59.7 billion in revenue and double-digit growth in its products and services segments, blowing away analyst estimates in a period deeply impacted by the coronavirus pandemic. The company also announced it plans to give investors three additional shares of Apple per share already owned at the end of August as …

Apple posts blowout third quarter, with sales up 11% despite coronavirus disruptions Read More »

106305156 1576768638898ama scaled

Stocks making the biggest moves after hours: Facebook, Amazon, Ford and more

A woman works at a distrubiton station at the 855,000-square-foot Amazon fulfillment center in Staten Island, New York, on February 5, 2019. Johannes EIsele | AFP | Getty Images Check out the companies making headlines after the bell:  Facebook — The social media giant’s stock surged 6% in extended trading following the release of the company’s …

Stocks making the biggest moves after hours: Facebook, Amazon, Ford and more Read More »

106616596 1594794888415gettyimages 1217233085 scaled

Apple just announced a stock split — here’s what that means for investors

During its third quarter earnings results on Thursday Apple said that the company’s shareholders approved a four-for-one stock split. Stock splits are cosmetic, meaning they do not change anything about a company’s underlying fundamentals. They can lead to renewed interest from smaller investors by making the shares — which are now cheaper — more accessible. …

Apple just announced a stock split — here’s what that means for investors Read More »

106542521 1589826490746gettyimages 1224667612 scaled

GOP HEALS Act gives some businesses a second shot at Paycheck Protection Program loans

Cash-strapped entrepreneurs who took a federal Paycheck Protection Program loan and are running out of funding may get a second infusion of liquidity. The Senate’s HEALS Act,  the Republican proposal for another round of coronavirus relief funding, includes a measure that would permit certain small-business owners to borrow from the program a second time. Sens. …

GOP HEALS Act gives some businesses a second shot at Paycheck Protection Program loans Read More »

106588983 15929299682020 06 23t162455z 1778697583 rc24fh9o42b5 rtrmadp 0 health coronavirus usa congress scaled

FDA says it would clear a coronavirus vaccine so long as it’s safe and at least 50% effective

Commissioner of U.S. Food and Drug Administration Dr. Stephen M. Hahn testifies before the House Committee on Energy and Commerce on the Trump Administration’s Response to the COVID-19 Pandemic, on Capitol Hill in Washington, DC, June 23, 2020. Kevin Dietsch | Pool via Reuters The Food and Drug Administration would authorize a coronavirus vaccine so …

FDA says it would clear a coronavirus vaccine so long as it’s safe and at least 50% effective Read More »