Finance news

• Trump angrily shuts down questions about coronavirus testing at press conference on coronavirus testing

  11-05-2020 23:59 via news.yahoo.com
  
  President Trump may have forgotten why he called you all here today.On Monday, Trump held a press conference specifically dedicated to coronavirus testing, telling gathered reporters the U.S. has "prevailed" over its testing shortages and saying anyone could get a test if they want one. But when those reporters noted that thousands of Americans still haven't been able to access tests, Trump angrily shut them down.Trump spent Monday's conference repeatedly bragging about how the U.S. has conducte
  
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• Zinc-hydroxychloroquine found effective in some COVID-19 patients: study

  11-05-2020 23:57 via news.yahoo.com
  
  The antimalarial drug hydroxychloroquine has shown mixed results against the coronavirus in early studies, but a new paper out of New York suggests combining it with the dietary supplement zinc sulfate could create a more effective treatment.The research by the NYU Grossman School of Medicine was posted on a medical preprint site on Monday, meaning it hasn't yet been peer reviewed.Records of about 900 COVID-19 patients were reviewed in the analysis, with roughly half given zinc sulfate along wit
  
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• Trump and Republicans narrowly top Biden in April fundraising

  11-05-2020 23:51 via news.yahoo.com
  
  A Trump campaign statement said the April sum was a record, bringing total cash on hand to $255 million.Biden said earlier in the day that his campaign and the Democratic National Committee raised $60.5 million combined in April.The big fundraising figures came despite the coronavirus pandemic, which has hammered the U.S. economy and disrupted fundraising for politicians.
  
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• Global stocks mixed amid fears of second virus wave

  11-05-2020 23:35 via news.yahoo.com
  
  Global equities were mixed Monday as markets weigh hopes about economic restarts against worries over coronavirus cases, including signs of "second wave" outbreaks in Asia.
  
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• Kobe Bryant knew risks of flying before deadly crash, pilot's brother says

  11-05-2020 23:33 via news.yahoo.com
  
  The brother of the pilot in the crash that killed Kobe Bryant said in a court filing that Bryant's family members aren't entitled to damages from the pilot's estate.
  
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• IRS sets deadline for relief payment by direct deposit

  11-05-2020 23:30 via news.yahoo.com
  
  The Treasury Department and the IRS are urging taxpayers who want to get their economic impact payments directly deposited to their bank accounts to enter their information online by Wednesday.The government has sent out about 130 million payments in the first four weeks of the program by both direct deposit and by mail.The IRS said Monday that people should use the “ Get My Payment " tool on the IRS website by noon on Wednesday to provide their direct deposit information.
  
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• Supreme Court could impact abortion access in 15 states: study

  11-05-2020 23:29 via news.yahoo.com
  
  A new study shared exclusively with CBS News shows abortion access could be heavily restricted in more than a dozen states depending on the Supreme Court's decision in June Medical Services v. Russo.
  
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• WHO Says It Cannot Invite Taiwan to Annual Summit after China Says Participation Would ‘Severely Violate the One-China Principle’

  11-05-2020 23:15 via news.yahoo.com
  
  The World Health Organization said it could not invite Taiwan to an upcoming international health summit, despite pleas from the U.S. and its allies, due to “divergent views,” after China said it "deplores and opposes" efforts to include Taipei in the gathering.WHO principal legal officer Steven Solomon explained to reporters on Monday that the WHO Director-General Tedros Adhanom could not invite Taiwan — which is not a member of the WHO — to participate in the annual mee
  
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• The malaria pill hydroxycholoroquine failed to help coronavirus patients in 2 big studies

  11-05-2020 23:14 via news.yahoo.com
  
  Two observational studies looking at thousands of hospitalized New Yorkers found that the drug's use wasn't associated with lower death rates.
  
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• Violence Against Asian Americans Is on the Rise—But It’s Part of a Long History

  11-05-2020 23:13 via news.yahoo.com
  
  A new docuseries on PBS calls attention to how Asian Americans have often been violently scapegoated for larger societal issues
  
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• Whitmer 'very disappointed' after Michigan panel delays move to ban guns from Capitol

  11-05-2020 23:12 via news.yahoo.com
  
  The state is looking at the issue after armed protesters against the governor's stay-home order entered the building.
  
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• 'If anyone is arrested, I ask that it only be me': Elon Musk confirms Tesla is restarting its factory against local rules

  11-05-2020 23:11 via news.yahoo.com
  
  Last month, Elon Musk said shutdowns designed to slow the spread of the virus were "fascist" and un-American.
  
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• New York City recorded 24,000 more deaths than normal over 2 months this spring. About 5,000 of those are still a mystery.

  11-05-2020 23:05 via news.yahoo.com
  
  Some of the unexplained deaths could still be attributed to the coronavirus, but public-health experts say we may never know for sure.
  
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• Mitch McConnell Moves to Expand Bill Barr’s Surveillance Powers

  11-05-2020 23:04 via news.yahoo.com
  
  Days after the Justice Department controversially dropped charges against Mike Flynn, Senate GOP Majority Leader Mitch McConnell (R-KY) is set to expand a highly politicized Justice Department’s surveillance authority during a vote this week to renew the 2001 PATRIOT Act. Under cover of redressing what President Donald Trump and his allies call the FBI’s “witch hunt” over collusion with the Kremlin, McConnell, via an amendment to the PATRIOT Act, will expressly permi
  
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• 'We did our time': Colorado restaurant defies state order, reopens to packed crowds

  11-05-2020 22:49 via news.yahoo.com
  
  As states prepare to lift restrictions on businesses such as bars and restaurants, scenes that played out in several states on Mother’s Day weekend shows how doing so safely amid the coronavirus pandemic may prove to be challenging.
  
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• Tyson is incentivizing its truck drivers with a $1,000 bonus — and it shows how desperate Americans are to not lose their meat

  11-05-2020 22:48 via news.yahoo.com
  
  Tyson's $1,000 bonus is staggered over two months to encourage truck drivers to stay on with the company.
  
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• Video shows food executives being told to remove their masks before discussing coronavirus outbreaks at meat plants with Mike Pence

  11-05-2020 22:41 via news.yahoo.com
  
  Vice President Pence had already known for several hours beforehand that his press secretary tested positive for COVID-19.
  
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• Algeria starts coronavirus test kits production

  11-05-2020 22:39 via news.yahoo.com
  
  Algeria has started producing rapid test kits for the novel coronavirus, with a detection time of 15 minutes and a production capacity of 200,000 units per week, the government said on Monday.The laboratory in the capital Algiers develops the test kits in partnership with Canadian and Jordanian firms, junior minister in charge of pharmaceutical production Lotfi Benbahmed said on state television, without naming the two foreign partners.Algeria has so far reported 5,891 confirmed infections, with
  
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• More checks? A payroll tax cut? Trump and Congress split on next coronavirus relief plan

  11-05-2020 22:37 via news.yahoo.com
  
  Another round of relief checks? A payroll tax cut? Republicans and Democrats have pitched a number of ideas for the next coronavirus relief package.
  
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• Mexican Supreme Court throws out law extending governor's mandate

  11-05-2020 22:13 via news.yahoo.com
  
  Mexico's Supreme Court on Monday unanimously struck down a law extending the gubernatorial mandate of a member of President Andres Manuel Lopez Obrador's ruling party which had fed concerns it could lead to broader changes to term limits.The 2019 state law permitted Baja California Governor Jaime Bonilla to lengthen his term in office to five years from the original two years.Governors are generally elected for a single six-year stint, but in the previous government, authorities agreed to reduce
  
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• What to know about canceling (or booking) a hotel room during the coronavirus pandemic

  11-05-2020 22:08 via news.yahoo.com
  
  Make sure you're aware of the basics of how to cancel (or book) your hotel room during the coronavirus pandemic.
  
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• Massachusetts deaths top 5,000 as governor weighs reopening

  11-05-2020 22:05 via news.yahoo.com
  
  With states across the country beginning to reopen businesses, Massachusetts’ governor is facing mounting pressure to follow suit even as coronavirus deaths reached another grim milestone.Republican Gov. Charlie Baker recently allowed golf courses to open after an outcry and gun shops began selling again after owners sued.Now, with virus deaths topping 5,000, state leaders and health experts are urging restraint amid growing angst among businesses owners and residents over when and how the
  
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• Senate to reconsider expired surveillance tools

  11-05-2020 22:00 via news.yahoo.com
  
  The U.S. Senate will make a renewed attempt this week to extend parts of the Foreign Intelligence Surveillance Act (FISA), Senate Majority Leader Mitch McConnell said on Monday, two months after the divisive government surveillance tools expired."We must act quickly to clean up the mess and renew these authorities," McConnell said in remarks opening the Senate session.The Democratic-led House of Representatives backed the "USA FREEDOM Reauthorization Act of 2020" extending the provisions in Marc
  
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• Doctor on crowded flight says passengers were 'scared' and 'shocked'

  11-05-2020 22:00 via news.yahoo.com
  
  Dr. Ethan Weiss said he was with a group of 25 nurses and doctors who were returning home after having volunteered in New York City hospitals.
  
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• New coronavirus test is imperfect step toward mass screening

  11-05-2020 21:52 via news.yahoo.com
  
  A new type of coronavirus test offers a cheaper, quicker way to screen for infections, moving the U.S. toward the kind of mass screening that experts say is essential to returning millions of Americans to school and work.It is less accurate than the current gold standard for testing and can only be run on specialized equipment.“It is too early to tell,” said lab researcher Patricia Simner of Johns Hopkins University, assessing the test's impact.
  
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• Tammy Baldwin: I'm in "regular" contact with Biden campaign

  11-05-2020 21:43 via news.yahoo.com
  
  But she said "I keep my counsel with the vice president's campaign private."
  
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• Trump tells Iraq's new PM: US willing to give economic help

  11-05-2020 21:35 via news.yahoo.com
  
  President Donald Trump said in a phone call to Iraq's new prime minister that the U.S. was willing to provide Iraq with economic assistance, according to an Iraqi government statement on Monday, as the country faces a severe financial crisis brought on by falling oil prices.Mustafa al-Kadhimi, who was sworn in by Iraqi lawmakers last week ending five months of a leadership vacuum, received a call from Trump, the statement said, ahead of much anticipated talks next month that are expected to shap
  
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• Ahmaud Arbery: Hate crime charges considered over US jogger killing

  11-05-2020 21:24 via news.yahoo.com
  
  The justice department says it is assessing evidence after unarmed black man Ahmaud Arbery was shot dead.
  
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• Argentina debt talks deadlocked as deadline looms

  11-05-2020 21:22 via news.yahoo.com
  
  If Argentina does not reach a deal with private creditors there could be more debt chaos ahead.
  
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• A study of 48 children in intensive care with the coronavirus found 18 needed ventilators. Most had underlying conditions.

  11-05-2020 21:20 via news.yahoo.com
  
  The study examined 48 cases of children who had been admitted into 14 different PICUs in the US and Canada between late March and early April.
  
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• U.S. COVID-19 death toll hits 80,000 as states continue reopening and Trump lashes out

  11-05-2020 21:19 via news.yahoo.com
  
  As the U.S. coronavirus death toll hits 80,000, Trump grumbles over the pace of reopening the economy. New York to ease restrictions upstate.
  
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• Mexican border town uses ‘sanitizing tunnels’ to disinfect US visitors from Covid-19

  11-05-2020 21:15 via news.yahoo.com
  
  Authorities in Nogales, Sonora, are hoping to reduce chances of bringing the virus over from Arizona, one of the states most affectedFears of foreigners bringing infectious disease into the country. Enhanced border checkpoints. And the use of disinfectant spray to sanitize human beings.These aren’t notes from one of Donald Trump’s freewheeling press conferences. The United States’ troubled response to the coronavirus pandemic is such that the Mexican border city of Nogales, Son
  
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• Check out these wild photos of Disneyland's sold-out reopening in China — complete with temperature checks, mandatory face masks, and yellow social-distancing boxes

  11-05-2020 21:07 via news.yahoo.com
  
  Shanghai Disneyland is the company's first resort to open during the pandemic, and could be a road map for further openings at other locations.
  
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• U.S. coronavirus death toll tops 80,000 - Reuters tally

  11-05-2020 21:06 via news.yahoo.com
  
  Deaths in the United States, the epicenter of the global pandemic, have averaged 2,000 a day since mid-April despite efforts to slow the outbreak.The death toll is higher than any fatalities from the seasonal flu going back to 1967 and represents more U.S. deaths than during the first eight years of the AIDS epidemic, from 1981 to 1988.Total coronavirus cases in the United States have exceeded 1.3 million with infections rising in such states as Mississippi, Minnesota and Nebraska, highlighting
  
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• Israel govt swearing-in delayed a day by Pompeo visit: officials

  11-05-2020 21:00 via news.yahoo.com
  
  The swearing-in of Israel's new unity government has been postponed by one day to Thursday due to the upcoming visit of US Secretary of State Mike Pompeo, officials said.A parliament spokesman said the joint administration of incumbent premier Benjamin Netanyahu and his former rival Benny Gantz would be inaugurated on Thursday instead of Wednesday.A spokesman for Netanyahu's right-wing Likud party told AFP the delay was "because of the visit" of the US top diplomat on Wednesday.
  
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• A Coronavirus Mystery Explained: Moscow Has 1,700 Extra Deaths

  11-05-2020 20:58 via news.yahoo.com
  
  MOSCOW -- Ever since the coronavirus took hold globally, researchers have been puzzled by Russia's mortality rate of only about 13 deaths per million, far below the world average of 36 in a country with an underfunded health system.With the arrival of data for April, however, the mystery appears to be clearing up.Data released by Moscow's city government Friday shows that the number of overall registered deaths in the Russian capital in April exceeded the five-year average for the same period by
  
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• Harris Is Weighing Her Next Step. Could It Be Vice President?

  11-05-2020 20:53 via news.yahoo.com
  
  Six years ago, when President Barack Obama had to replace his departing attorney general, he offered the job to Kamala Harris, who led the California Justice Department -- the first woman to occupy that role in its history.Harris declined the promotion for several reasons, according to advisers from the time. She had not served a full term. She had her sights set on a higher profile in the Senate or as governor of California. Some envisioned a future presidential run. In that view, the job was a
  
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• Clergy to start streaming services from churches this week, Archbishop designate confirms

  11-05-2020 20:52 via news.yahoo.com
  
  Clergy will begin streaming services from their churches this week, the Archbishop of York's successor has confirmed. For almost two months, places of worship and religious buildings have remain closed under the lockdown rules in an attempt to curb the spread of coronavirus. However, last week the House of Bishops decided that the guidance banning clergy from entering their churches may be modified by individual dioceses. Writing for The Telegraph, the Rt Rev Stephen Cottrell, Bishop of Chelmsfo
  
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• 2,000 former DOJ, FBI officials call on Barr to resign over Michael Flynn case

  11-05-2020 20:52 via news.yahoo.com
  
  Barr is using the Justice Department to further Trump's personal and political interests, the letter said.
  
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• Congo president's chief of staff denies graft charges as trial begins

  11-05-2020 20:48 via news.yahoo.com
  
  The chief of staff to Democratic Republic of Congo's president denied all wrongdoing on Monday as his trial on charges of embezzling more than $50 million in public funds opened live on national television.Vital Kamerhe, who appeared at a two-hour hearing wearing prison fatigues and a surgical mask as protection against the coronavirus, is the most senior politician to face trial for graft in Congo, where high-level corruption is endemic.Kamerhe backed President Felix Tshisekedi in his successfu
  
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• Princess cancels summer cruises to Alaska and the Caribbean

  11-05-2020 20:44 via news.yahoo.com
  
  The cruise line scraps more itineraries while no-sail ban remains in place.
  
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• Group says Iraqi women fighting to return home face hurdles

  11-05-2020 20:24 via news.yahoo.com
  
  Hundreds of thousands of Iraqi women who fled war and conflict are facing systemic inequalities in their fight to return to their homes, a rights report published Monday revealed about Iraq's internally displaced population.The Norwegian Refugee Council's findings show that up to 11% of Iraq's female internally displaced population are facing barriers that include the inability to access property, establish ownership and seek compensation for homes damaged during the war against the Islamic Stat
  
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• New York state to ease virus lockdown but not Big Apple

  11-05-2020 20:21 via news.yahoo.com
  
  Some areas of New York -- the state worst affected by America's coronavirus outbreak -- will be allowed to gradually reopen later this week, but New York City will stay closed until at least June, leaders said Monday.COVID-19 has killed around 22,000 people in New York state, which has been shut down since Governor Andrew Cuomo ordered all non-essential businesses ordered closed on March 22."We start a new chapter today," Cuomo told reporters, adding, "It's an exciting new phase, we're all anxio
  
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• Dr. Anthony Fauci says there's 'virtually no chance' that COVID-19 will be eradicated

  11-05-2020 20:19 via news.yahoo.com
  
  "With the travel, the global travel, every single day, there's no chance we're going to be virus-free," Fauci told NBC Sports' Peter King.
  
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• NATO chief backs Germany’s vow to keep war-ready US nukes

  11-05-2020 20:09 via news.yahoo.com
  
  Debate has flared up in recent weeks about Germany's nuclear-bombing role, following the Defence Ministry's recommendation to purchase 30 F-18 jets for the job.
  
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• Trump's controversial economic adviser says the 'crowded' White House is a 'scary' place to work amid increasing infections

  11-05-2020 20:02 via news.yahoo.com
  
  Kevin Hassett insisted he practices "aggressive social distancing" in the White House and wears a mask "when I feel it's necessary."
  
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• Nearly 2,000 former Justice Department employees call for Barr to resign over Flynn case

  11-05-2020 20:01 via news.yahoo.com
  
  Nearly 2,000 former Justice Department employees have united in a call for Attorney General William Barr's resignation.In a letter posted Monday on Medium, former DOJ employees of both Democratic and Republican administrations say Barr "once again assaulted the rule of law, this time in the case of President Trump's former national security adviser Michael Flynn." And just like they demanded after the DOJ softened Roger Stone's sentencing, signers of the letter say that warrants Barr's resignati
  
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• A major gym chain is starting to reopen in the US. Precautions include temperature checks and a 400-page cleaning protocol.

  11-05-2020 19:59 via news.yahoo.com
  
  Precautions for gym goers will include social distancing and temperature checks, according to the national Life Time fitness chain.
  
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• China warns of countermeasures to new U.S. rule for Chinese journalists

  11-05-2020 19:57 via news.yahoo.com
  
  China warned on Monday that it will take countermeasures in response to a U.S. decision to tighten visa terms for Chinese journalists and urged the United States to immediately “correct its mistake.”
  
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• Cuomo: N.Y. Has ‘Reached the Other Side of the Mountain’ and Can Begin Reopening

  11-05-2020 19:48 via news.yahoo.com
  
  New York Governor Andrew Cuomo said Monday that New York has reached “the other side of the mountain” with the coronavirus outbreak in the state and can begin reopening the economy in phases.“We’re right about where we were on March 19 before we went into the abyss of the COVID virus,” Cuomo said at his daily news conference giving updates on the virus outbreak.“We’re coming out of the other side. So in many ways, from my point of view, we’re
  
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