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in BUSINESSWHO holds a press briefing on the coronavirus pandemic
[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] The World Health Organization is holding a briefing Friday on the coronavirus pandemic, which has infected more than 5.8 million people worldwide and killed at least 360,800, according to data […] More
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in BUSINESS
Hydroxychloroquine prescription fills surged in March after Trump touted drug
The drug hydroxychloroquine, pushed by U.S. President Donald Trump and others in recent months as a possible treatment to people infected with the coronavirus disease (COVID-19), is displayed at the Rock Canyon Pharmacy in Provo, Utah, May 27, 2020. George Frey | Reuters U.S. prescriptions for malaria drug hydroxychloroquine surged nearly 2,000% in March when […] More
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in BUSINESS
Over 80% of coronavirus patients on cruise ship had no symptoms, study says
A man navigates his boat next to Cruise Ships docked at the port of Long Beach during the COVID-19 Coronavirus pandemic on April 11, 2020 in Long Beach, California. Apu Gomes | Getty Images More than 80% of the passengers and crew infected with coronavirus on an expedition cruise ship did not show any symptoms, […] More
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As U.S. coronavirus deaths cross 100,000, black Americans bear disproportionate share of fatalities
Medical staff move bodies from the Wyckoff Heights Medical Center to a refrigerated truck on April 2, 2020 in Brooklyn, New York. Angela Weiss | AFP | Getty Images Black Americans continue to make up a disproportionate share of Covid-19 fatalities as the number of deaths from the coronavirus pandemic exceeds 100,000 in the United States, […] More
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in BUSINESSWhat negative interest rates would mean for your wallet
It’s hard to imagine being paid to borrow money or penalized for saving. But the economic shock from Covid-19 may call for drastic measures. Up until this point, the Federal Reserve has never brought its benchmark rate into negative territory and, according to Federal Reserve Chairman Jerome Powell, the Fed is not considering going to negative interest rates now. “The […] More
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in BUSINESSFederal student loan rates hit record lows
For years, student loan borrowers have suffered under the weight of excessive debt and interest. That’s about to change. Amid the economic shock from the coronavirus outbreak, the yield on the 10-year Treasury note, which is a barometer for student loans and other borrowing rates, has plummeted. The U.S. Treasury Department’s auction of 10-year notes on Tuesday had a high […] More
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in BUSINESSHouse Democrats stimulus bill includes a second round of $1,200 checks
US House Speaker Nancy Pelosi speaks to the press before signing the additional 484 billion dollar relief package amid the coronavirus pandemic at the US Capitol in Washington, DC, on April 23, 2020. Nicholas Kamm | AFP | Getty Images Democrats in the House of Representatives unveiled their proposal for a new stimulus package that […] More
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in BUSINESS
Here’s why your coronavirus stimulus check could be less than you expected
OJO Images | Getty Images Millions of Americans have eagerly awaited their $1,200 stimulus checks only to find that the amount they received was less than they expected. That has left them asking one question: Why me? If that’s you, brace yourself for disappointment. The IRS is now providing answers with new guidance. Here’s a […] More
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in BUSINESS
She’s waited over 50 days for her unemployment check
Sandi Bochum Source: Donna Aceto Eight weeks after Sandi Bochum applied for unemployment benefits in New York, she’s still waiting for a check. The 75-year-old video journalist’s income has dried up, thanks to the coronavirus pandemic, which has prevented her from getting on the subway or an airplane to shoot events. “I’m completely paralyzed,” said Bochum, […] More
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Florida unemployment benefits delayed as residents face eviction
Normally bustling Lincoln Road Mall in Miami Beach, Florida, is seen nearly empty on May 8, with most businesses closed due efforts to contain Covid-19. Joe Raedle/Getty Images Florida residents are growing increasingly frustrated by the state’s lag in paying unemployment benefits — a drama unfolding as home and rental evictions may soon begin anew. States […] More
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Amid the coronavirus, consumer loans are in short supply
With more than 30 million people out of work and a growing number of Americans feeling severely cash-strapped, loans are a lifeline. If you can get one. Despite rock-bottom interest rates, banks are tightening lending standards across the board, shrinking the availability of credit. “If you can get a loan, then the price of it is going […] More
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in BUSINESS
‘Second Depression’ if we’re still in lockdown in a year
Billionaire hedge fund investor Paul Tudor Jones said Monday the economy would be in a “Second Depression” if the coronavirus pandemic doesn’t get contained in a year. “Just depends on whether unfortunately this goes to a year with this kind of a lockdown,” Jones said on CNBC’s Squawk Box on Monday. The Great Depression from 1929 to 1939 was the worst […] More
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