Jun 11 Watch 5:06 What the latest jobs numbers say about a U.S. economic recovery The number of weekly jobless claims is the lowest since the economic shutdown began in March, but it remains far above what the U.S. has experienced during other financial crises. Jerome Powell, chairman of the Federal Reserve, said earlier this… Continue watching
Jun 11 Coronavirus survivor in U.S. receives double lung transplant By Lindsey Tanner, Associated Press She is in her 20s and was on a ventilator and heart-lung machine for almost two months before her operation last Friday at Northwestern Memorial Hospital. It took her body almost that long to clear the virus and be ready… Continue reading
Jun 11 Dow sinks 1,800 as virus cases rise, deflating optimism By Alex Veiga, Damian J. Troise, Associated Press The Dow Jones industrials lost more than 1,800 points, nearly 7%, as increases in coronavirus cases deflated optimism that the economy could recover quickly from its worst crisis in decades. Continue reading
Jun 11 WATCH: De Blasio gives coronavirus update as New York emerges from lockdown By Jake Seiner, Kathy Willens, Associated Press The cautious return to business is intended to prevent a resurgence of the coronavirus, which has killed at least 22,000 people in the city. Continue reading
Jun 11 Unemployment woes a mounting strain on Trump in Florida By Bobby Caina Calvan, Associated Press With the November election just five months away, Florida’s troubled unemployment system could create problems for Republicans trying to again secure the state for President Donald Trump. Continue reading
Jun 11 WATCH: Biden holds roundtable with Philadelphia community on reopening the economy By Alexandra Jaffe, Will Weissert, Associated Press The presumptive Democratic presidential nominee is promising to dramatically expand testing for the virus, guarantee federal paid leave for all who get sick and create a national task force to better track the spread of the disease. Continue reading
Jun 11 U.S. and Iraq launch strategic talks on economy, American troops By Samya Kullab, Associated Press The U.S. and Iraq have launched much-anticipated strategic talks that are to span the gamut of their bilateral relations. Continue reading
Jun 11 Moderna on track for large COVID-19 vaccine test in July By Lauran Neergaard, Associated Press A U.S. company says it's on track to begin a huge study next month to prove if its COVID-19 vaccine candidate really works. Moderna Inc. is developing the experimental shot with the National Institutes of Health. Continue reading
Jun 11 WATCH: House Oversight briefing on COVID-19's impact on U.S. nursing homes By Courtney Vinopal and Associated Press The House Oversight's Select Subcommittee on the Coronavirus Crisis will hold a briefing June 11 on the impact of the COVID-19 pandemic on America's nursing homes. Continue reading
Jun 11 1.5 million more laid-off workers sought unemployment benefits last week By Christopher Rugaber, Associated Press About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening. Continue reading