All News Results

  • Don't Know How Much Stimulus Is Needed? Put it on Autopilot, Some Say

    WASHINGTON-- One of the trickiest questions facing Congress when it takes up the debate on new stimulus later this month is just how much help the economy needs to recover from the Covid-19 pandemic. If it is already recovering rapidly, the government may spend and borrow more than needed, pushing the national debt higher. If the recession drags on, multiple rounds of economic relief may be necessary, a process fraught with political hurdles.

  • Canada should focus on boosting the economy even as debt climbs -analysts

    Canada should focus on boosting economic growth after getting pummeled by the COVID-19 crisis, analysts say, even as concerns about the sustainability of its debt are growing, with Fitch downgrading the nation's rating just over a week ago.

  • Israel's El Al to become leaner after government bailout

    • BY Reuters|
    • 09:30 AM ET 07/05/2020

    El Al's fate is expected to be decided in the coming days, with the Israeli airline looking to reach a deal with workers on job and spending cuts to get government aid. An official at El Al, which has put almost all of its 6,500 workers on unpaid leave and suspended passenger service, told Reuters that its board will choose between two proposals.

  • Empire State Building Grand Finale 44th Annual Macy's July 4th Fireworks® Spectacular

    Empire State Building's Lights Synchronized to First-Ever Fireworks Display NEW YORK, July 5, 2020  For the first time in the history of New York City, fireworks were launched from the Empire State Building's 72nd and 103rd floors, and from its famed 86th Floor Observation Deck.

  • Coronavirus Is No Cure for Health-Care Stocks

    Investors are struggling to predict where the stock market is headed next. Even so, many are already betting that health-care shares won't lead the way. The sector offered shelter for investors-- followed by an outsize rebound-- during the market turbulence earlier this year.

  • St Week Ahead-Clouds may be parting for dividend investors

    U.S. companies are cutting their dividends less than investors anticipated, providing a potential boost to a stock market rally that has clashed with concerns over a recent surge in coronavirus ...

  • Recession Led by Services Sector Is Particularly Painful for Latino Workers

    A dramatic drop in hotel stays, elective surgeries and dining out since the coronavirus outbreak in February is driving a recession that is unlike every other since the Great Depression. Prior downturns were largely led by lower spending on such things as cars, houses, and factories while this one is hitting the service industries. That change has meant Latino and Hispanic workers are being particularly hard hit, and economists expect the jobs recovery to be slow and halting as...

  • With No Summer Concerts, It's Garth Brooks at the Drive-In

    Concert promoters-- and fans-- haven't given up on live music, even with most summer shows wiped out by the coronavirus pandemic. The stadium shows and festivals that had been expected to make this year the biggest ever for live music have given way to virtual tours and drive-in shows. The performances don't come close to making up for scores of canceled or postponed events, but they are finding eager audiences so far and providing a financial lifeline for some artists and bands while...

  • Mainland China reports eight new coronavirus cases, two in Beijing

    China recorded eight new coronavirus cases for July 4, up from with three a day earlier, the national health authority said on Sunday, while city officials in Beijing said nearly all the cases in a recent outbreak in the capital were mild.

  • Democracy activists' books unavailable in Hong Kong libraries after new law

    • BY Reuters|
    • 03:30 AM ET 07/05/2020

    Books by prominent Hong Kong pro-democracy figures have become unavailable in the Chinese-ruled city's public libraries, days after Beijing introduced sweeping national security legislation, according to online records and one activist.

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