Finance news

• Investor Ackman tweets to Trump: Close down the country

  18-03-2020 23:53
  
  Billionaire investor William Ackman, who has long worried about risks posed by the coronavirus, called on the Trump administration on Wednesday to seal off the country for 30 days and said stocks...
  
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• 80% of US coronavirus deaths have been among people 65 and older, a new CDC report says — here's what it reveals about the US cases

  18-03-2020 23:46 via news.yahoo.com
  
  COVID-19 deaths, ICU trips, and hospitalization rates are all higher among older Americans, according to the CDC.
  
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• Warrant issued for Mexico's ex-head of investigations

  18-03-2020 23:42 via news.yahoo.com
  
  A Mexican judge issued an arrest warrant for the former head of investigations for the Attorney General's Office for alleged violations in the investigation of the case of 43 college students who disappeared in 2014, officials said Wednesday.Tomas Zerón and five other former officials face charges including torture, forced disappearance and judicial misconduct.Three have been arrested and three, including Zerón, are still at large.
  
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• Brazil Cuts Rates to 3.75% With Recession Likely After Virus

  18-03-2020 23:42 via news.yahoo.com
  
  (Bloomberg) -- Brazil cut its benchmark interest rate by half a point to a record low in a bid to mitigate the effects of the coronavirus pandemic that’s likely to push Latin America’s largest economy into recession.The central bank’s board, led by its President Roberto Campos Neto, on Wednesday lowered the Selic to 3.75%, as forecast by 18 of 36 economists in a Bloomberg survey. Twelve estimated a quarter-point reduction, three foresaw a 75-basis point drop and three expected
  
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• Masks, respirators and coronavirus: Keeping up with changing advice

  18-03-2020 23:26 via news.yahoo.com
  
  As state and federal officials continue to ramp up efforts to control the outbreak of coronavirus in the United States, new information about the virus is raising new questions about the official messaging on the use of face masks. 
  
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• Coronavirus plan anticipates 18-month pandemic and suggests ways to prepare for shortages

  18-03-2020 23:21 via news.yahoo.com
  
  A federal government plan warned lawmakers Friday that the coronavirus pandemic would last “18 months or longer.”
  
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• Trump doubles down that he's not fueling racism, but experts say he is

  18-03-2020 23:16 via news.yahoo.com
  
  "It's fueling the xenophobia we’re seeing all over our districts," said New York Assembly member Yuh-Line Niou.
  
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• A Look at the U.S. Navy Hospital Ships Sent to Battle the Coronavirus

  18-03-2020 23:12 via popularmechanics.com
  
  The Comfort and Mercy will provide support to land hospitals overwhelmed with COVID-19 patients.
  
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• US military's role in response to virus outbreak is growing

  18-03-2020 23:11 via news.yahoo.com
  
  The Pentagon's role in responding to the coronavirus outbreak in the United States began to rapidly expand Wednesday as officials announced that two Navy hospital ships and two Army field hospitals were preparing to deploy to help overburdened regions.Military hospital ships and field units are geared toward treating trauma cases.It will take as long as two weeks for the USS Comfort hospital ship to get to New York City, where the governor has been pressing for medical help.
  
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• Southwest cancels Chicago Midway flights; FAA tower still closed after workers test positive for coronavirus

  18-03-2020 23:07 via news.yahoo.com
  
  The FAA temporarily closed the air traffic control tower at Chicago Midway Airport Tuesday, after three technicians tested positive for coronavirus.
  
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• Democrats Sue Wisconsin to Extend Voting: Campaign Update

  18-03-2020 22:51 via news.yahoo.com
  
  (Bloomberg) -- The Democratic National Committee and Democratic Party of Wisconsin filed a lawsuit to extend a deadline for voter registration and mailing absentee ballots for the state’s April 7 primary in response to the coronavirus outbreak.Wednesday is the deadline for online and mail-in voter registration in Wisconsin, and the lawsuit seeks to extend it to April 3, according to a release. The suit also asks state election officials to allow more time for mailing in absentee ballots wh
  
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• 'I'm dealing with a f---ing global crisis': Bernie Sanders issues a scathing response when asked if he'll suspend his campaign

  18-03-2020 22:51 via news.yahoo.com
  
  Sen. Bernie Sanders did not hold back when asked if he would drop out of the 2020 race, saying, "I'm dealing with a f---ing global crisis."
  
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• CDC investigation reveals why coronavirus likely hit Seattle-area nursing homes so hard

  18-03-2020 22:47 via news.yahoo.com
  
  The coronavirus pandemic has made its way across the United States, but one of the most striking instances remains how swiftly and dangerously the virus spread in Seattle-area long-term care facilities beginning in February. The Centers for Disease Control and Prevention now seems to have a clearer idea of how that happened.Most of Seattle's nursing home cases are connected to a facility in Kirkland, Washington, but the CDC found in a report published Wednesday that by March 9, at least eight ot
  
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• Understanding the Coronavirus Pandemic, in Five Charts

  18-03-2020 22:38 via news.yahoo.com
  
  The death rate associated with COVID-19 is not set in stone, and may well come out to be far lower than 4%
  
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• Congress Sends Second Coronavirus-Relief Package to Trump’s Desk

  18-03-2020 22:26 via news.yahoo.com
  
  Congress on Wednesday sent a $104 billion aid package to President Trump's desk even as lawmakers mull a third, broader stimulus plan to slow the spread of the COVID-19 pandemic and bring relief to sectors of the economy that have been battered by the resulting crisis.By a 90–8 vote, the Senate passed the Families First Coronavirus Response Act, which will provide free coronavirus testing, require smaller employers to grant two weeks of paid sick leave to employees, increase funding for Me
  
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• Health and safety: Police shift priorities as crisis grows

  18-03-2020 22:19 via news.yahoo.com
  
  Police officers in Fort Worth and Denver have stopped arresting people for some low-level crimes.The district attorney in Brooklyn is declining to prosecute them.The disease, known as COVID-19, has the potential to profoundly change law enforcement and jurisprudence in the U.S. Police departments are shifting resources and adjusting priorities in an attempt to maintain public safety while doing their best to prevent infection among officers and suspects.
  
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• Your Money: A coronavirus emergency plan for paying your bills

  18-03-2020 22:13
  
  Lives are on hold all over the world as we distance ourselves socially to contain the coronavirus, but bills still pile up.
  
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• Bill Gates says healthcare workers may get a coronavirus shot within 18 months as scientists race to develop a vaccine

  18-03-2020 21:54 via news.yahoo.com
  
  "We will need literally billions of vaccines to protect the world," Gates said.
  
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• Britain and EU exchange Brexit agreement drafts

  18-03-2020 21:43 via news.yahoo.com
  
  Britain and the European Union have exchanged draft legal texts containing their proposals for how relations between the two sides should work after the end of a Brexit transition period on Dec. 31, a British government spokesman said on Wednesday.Britain formally left the bloc on Jan. 31, but under the terms of an exit agreement most practical aspects of how Britain interacts with the 27 EU member states have remained unchanged.The drafts include a proposed free trade agreement and key annexes,
  
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• Iran's supreme leader to pardon 10,000 prisoners, including political ones

  18-03-2020 21:40 via news.yahoo.com
  
  Iran's Supreme Leader Ayatollah Ali Khamenei will pardon 10,000 prisoners including political ones in honor of the Iranian new year on Friday, state TV reported."Those who will be pardoned will not return to jail ...almost half of those security-related prisoners will be pardoned as well," judiciary spokesman Gholamhossein Esmaili told state TV on Wednesday.On Tuesday, Esmaili said Iran had temporarily freed about 85,000 people from jail, including political prisoners, in response to the coronav
  
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• SPLC report: Surge in white nationalism ramps up violence threat

  18-03-2020 21:32 via news.yahoo.com
  
  A recent surge in white nationalism in the U.S. has led to a growing threat of violence by factions that embrace bloodshed and advocate for a race war, according to a report released Wednesday by an organization that tracks far-right extremists.
  
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• Sanders to 'assess' campaign after primary drubbing by Biden

  18-03-2020 21:32 via news.yahoo.com
  
  Bernie Sanders was talking to advisers on Wednesday as pressure mounted on the leftist Vermont senator to end his White House campaign following a drubbing by Joe Biden in the latest Democratic primaries.As the coronavirus outbreak played havoc with the primary schedule, calls grew among Democrats for Sanders to bow out to allow the centrist Biden to focus on beating President Donald Trump in November.Biden, 77, trounced Sanders, 78, in the three states which went to the polls on Tuesday -- Ariz
  
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• Meet the Americans still going out and gathering in large groups

  18-03-2020 21:30 via news.yahoo.com
  
  TAOS, New Mexico/NEW YORK, (Reuters) - As people in San Francisco shelter in place and New York City was warned to prepare for a similar measure, some 40 people met in New Mexico for an Alcoholics Anonymous meeting on Wednesday amid White House pleas to avoid groups as the country battles coronavirus.Officials are telling Americans they must practice social distancing and avoid groups of more than 10 people to slow the spread of the pandemic.
  
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• 6.3-magnitude quake strikes south of Indonesia's Bali

  18-03-2020 21:21 via news.yahoo.com
  
  A strong earthquake jolted Indonesia's holiday island of Bali early on Thursday, but no tsunami warning was issued.The quake struck at 1:45 am (1745 GMT) with an epicenter 255 kilometeres south of the town of Nusa Dua, the US Geological Service reported.Indonesia's weather and geophysics bureau said there was no tsunami threat.
  
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• Trump criticizes China expulsion of US journalists as tensions soar

  18-03-2020 21:03 via news.yahoo.com
  
  President Donald Trump on Wednesday criticized China's unprecedented decision to expel American journalists from three major US newspapers, as media advocates feared that tensions between the two powers provided cover for Beijing to target the press.All US journalists from The New York Times, The Washington Post and The Wall Street Journal -- about 13 people -- have been told to hand back their credentials to Chinese authorities within 10 days.Trump has incessantly sparred with major US media ou
  
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• U.S. suspending visa services worldwide due to coronavirus - State Department

  18-03-2020 20:59 via news.yahoo.com
  
  The United States is suspending all routine visa services as of Wednesday in most countries worldwide due to the coronavirus outbreak, a spokeswoman for the State Department said, an unprecedented move that will potentially impact hundreds of thousands of people.The Department did not say which or how many countries are halting services but U.S. missions in more than half a dozen countries including South Korea, South Africa, Germany and Spain on their web sites announced that they were either s
  
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• Trump ratchets up criticism of China over coronavirus

  18-03-2020 20:54 via news.yahoo.com
  
  U.S. President Donald Trump on Wednesday ratcheted up his rhetoric against China over the coronavirus, saying Beijing should have acted faster to warn the world and dismissing criticism that his labeling it the "Chinese virus" was racist.Trump's tougher language marked an escalation in a bitter war of words between the world's top two economies that has widened to include the global pandemic and media freedoms.While Trump had previously left it mostly to his top aides to openly criticize China's
  
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• India political activist arrested for selling cow urine to combat virus

  18-03-2020 20:42 via news.yahoo.com
  
  An activist with India's ruling party has been arrested after a volunteer fell ill from drinking cow urine at a party to combat the novel coronavirus, police said Wednesday, as interest grows in home remedies amid the pandemic.Narayan Chatterjee, a Bharatiya Janata Party activist, was arrested by West Bengal state police late Tuesday for "organising the cow urine consumption event and compelling a civic volunteer to drink cow urine", Kolkata police chief Anuj Sharma told AFP.Many in the Hindu-ma
  
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• Embattled Netanyahu Makes a Coronavirus Power Grab

  18-03-2020 20:39 via news.yahoo.com
  
  JERUSALEM—Using the coronavirus crisis as cover, Israeli Prime Minister Benjamin Netanyahu is making a power grab unprecedented in Israeli history, and the example may be relevant to other countries as the crisis grows.Japan Shows Coronavirus May Be a Gift—for Would-Be DictatorsHis government effectively shut down the Israeli judiciary in the dead of night last Sunday when Justice Minister Amir Ohana, a Netanyahu confidant, decreed that the court system would operate at a reduced cap
  
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• Some children develop severe infections from coronavirus, and the youngest ones have the highest risk, study says

  18-03-2020 20:38 via news.yahoo.com
  
  A peer-reviewed study on 2,000 children who had COVID-19 in China found 6% developed severe or critical infections. The risk was highest for infants.
  
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• EU struggles to unlock borders hit by coronavirus curbs

  18-03-2020 20:38 via news.yahoo.com
  
  European Union ministers sparred for more than four hours on Wednesday over emergency border curbs imposed to combat coronavirus that have stranded passengers and supply trucks in lengthy queues from Hungary and Poland to Austria and Italy.More than a dozen countries moved to tighten or even shutborders that are usually open and uncontrolled in response to the spreading crisis, hitting work commutes, stalling deliveries of goods including food and hampering some health workers.
  
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• British banker hit with 14 mln euro penalty in German fraud trial

  18-03-2020 20:34 via news.yahoo.com
  
  BONN/FRANKFURT (Reuters) - Two British bankers were handed suspended jail terms on Wednesday and one a 14 million euro penalty in Germany's biggest post-war fraud trial of a scam involving multi-billion-euro trades to get bogus tax reclaims.The ruling is the first criminal conviction for what judge Roland Zickler dubbed "a collective case of thievery from state coffers", activity that thrived during the years after the financial crash and as banks were bailed out by the state."Do we all want to
  
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• Your Amazon Prime membership could soon be useless — unless you're only buying Amazon's newly approved products

  18-03-2020 20:32 via news.yahoo.com
  
  Because Amazon won't restock sellers, they may have to ship to customers directly. Those sales have typically not qualified for Prime shipping.
  
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• Italy's nursing homes may harbor uncounted coronavirus deaths

  18-03-2020 20:31 via news.yahoo.com
  
  Italy is one of the hardest hit parts of the world when it comes to the new coronavirus.The country has seen more than 2,500 deaths from COVID-19, adding 475 in just the past day. But an untold number of additional deaths may be attributable to coronavirus as nursing homes see a "silent surge in fatalities," Reuters reports.Italy comes behind China in reporting the second highest total of coronavirus cases of any country in the world, with 30,000 people confirmed to have the virus. "But strict t
  
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• 5.7 magnitude earthquake hits Salt Lake City, area, unnerving residents

  18-03-2020 20:27 via news.yahoo.com
  
  The quake's epicenter was located northeast of Magna, Utah, according to the U.S. Geological Survey.
  
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• Venice canals clear as city tourist-free under coronavirus

  18-03-2020 20:21 via news.yahoo.com
  
  The city of Venice is enjoying crystal clear waters in its world-famous canals due to a lack of debris from tourists and near-zero boat traffic under Italy's ongoing coronavirus lockdown.The clear waters are a tiny bright spot in the beleaguered but beautiful city, whose economy has been virtually wiped out since tourists fled the area beginning last month, spooked by the spread of coronavirus in the country's north.Images of the welcome change were first posted on a Facebook group "Venezia Puli
  
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• The Bay Area Is on Lockdown. Tech Workers Are Cashing In.

  18-03-2020 20:14 via news.yahoo.com
  
  Local governments across the San Francisco Bay Area have issued “shelter in place” orders to slow the spread of the novel coronavirus that has killed over 100 Americans and infected thousands more. As businesses are forced to close, wage workers are being laid off or else facing massive drops in income.One area hotel worker summed up her situation bluntly on Monday to the Mercury News: “We don’t have any income to pay our rent or bills.”Meanwhile, employees at tech
  
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• The Other Chinese Virus

  18-03-2020 20:05 via news.yahoo.com
  
  We have a remarkable ability to elevate the petty over the substantive. President Trump has been thoroughly scolded for calling the virus from China the “Chinese virus” — don’t let’s be beastly to the ChiComs — but the culpability of the Chinese government in the disaster that is playing out around the world is discussed, if it is discussed at all, in the most muffled way. There is a long history of attaching geographic names to diseases. If the present instan
  
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• LGBTQ community may be 'particularly vulnerable' to coronavirus pandemic. Here's why.

  18-03-2020 20:04 via news.yahoo.com
  
  National health organizations are warning that some members of the LGBTQ community may be “particularly vulnerable” to the effects of the virus.
  
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• 'Well-connected' go first on coronavirus tests, Trump acknowledges: 'That's been the story of life'

  18-03-2020 20:02 via news.yahoo.com
  
  Amid a federal shortage of tests for the coronavirus, President Trump acknowledged the apparent unfairness in who had been able to receive them so far, saying, “That’s been the story of life.”
  
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• 2 cruise ships not allowed to disembark in Honolulu

  18-03-2020 20:00 via news.yahoo.com
  
  Two cruise ships won't be allowed to disembark in Honolulu after being turned away by other ports, even with no positive cases of coronavirus on either vessel, officials said Wednesday.State and cruise line officials previously said passengers would disembark at Honolulu Harbor.
  
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• One chart shows different countries' current coronavirus death rates, based on the known number of cases and deaths

  18-03-2020 19:59 via news.yahoo.com
  
  A country's coronavirus death rate can depend on how widely it's testing people. As of Wednesday, March 18, Italy's death rate was the highest.
  
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• Americans would get two checks under Treasury Department proposal

  18-03-2020 19:57 via news.yahoo.com
  
  One check would arrive in April and another in May.
  
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• Coronavirus: California Gov. Newsom puts National Guard on alert amid pandemic

  18-03-2020 19:49 via news.yahoo.com
  
  California Gov. Gavin Newsom says the move will help protect local communities as they fight the spread of the deadly coronavirus.
  
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• 'Dark moment': Delta, United, JetBlue slash more flights as coronavirus crisis deepens

  18-03-2020 19:49 via news.yahoo.com
  
  The coronavirus travel fallout is deepening so rapidly airlines are increasing their flight cuts and making plans to park planes.
  
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• One chart shows how South Korea got its coronavirus outbreak under control in less than a month

  18-03-2020 19:43 via news.yahoo.com
  
  South Korea seems to have wrangled its coronavirus outbreak. The number of daily confirmed cases peaked February 29, and has decreased ever since.
  
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• Trump Defends Labeling Coronavirus the ‘Chinese Virus’: ‘It Comes from China’

  18-03-2020 19:42 via news.yahoo.com
  
  President Trump on Wednesday defended himself from the allegations of racism and xenophobia that were leveled in response to his calling the Wuhan coronavirus the “Chinese virus,” telling reporters that “it comes from China” and that “it’s not racist at all” to use the label.Trump used the term “Chinese virus” in a tweet Wednesday morning, and was asked about why he used the phrase by ABC reporter Cecilia Vega, who referenced “dozens of
  
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• Trump brushes off 'kung-flu' remark and claims Asian Americans would agree with calling it the 'Chinese coronavirus'

  18-03-2020 19:34 via news.yahoo.com
  
  Trump said he didn't believe the term "kung-flu" would put Asian Americans at risk of xenophobic attacks amid the coronavirus pandemic.
  
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• California state park campgrounds close. Here's the latest on national, local parks too

  18-03-2020 19:26 via news.yahoo.com
  
  National parks are open to visitors but most services have been suspended
  
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• Bernie Sanders reassesses campaign after Biden builds formidable lead

  18-03-2020 19:25 via news.yahoo.com
  
  The Vermont senator’s presidential campaign has seen little but bad news recently as it admits ‘losing the battle over electability’ The Vermont senator Bernie Sanders got thumped in the latest round of Democratic presidential primary contests and, once again, Sanders and his team are reassessing their path forward.It’s becoming a familiar cycle: former vice-president Joe Biden beats Sanders, the darling of progressive grassroots voters; the Sanders campaign concedes the
  
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