Reuters) – The Trump administration, while insisting the risk to Americans from coronavirus is low, nevertheless declared a public health emergency on Friday and announced the extraordinary step of barring entry to the United States of foreign nationals who have traveled to China.
China’s Hubei province, the epicentre of a coronavirus epidemic, reported 45 new deaths from the outbreak on Friday, bringing the total to 249, the local health commission said on Saturday.
Airlines are suspending flights to China in the wake of the new coronavirus outbreak, which as of Friday had killed more than 200 people and infected nearly 10,000 people.
Pop icons Jennifer Lopez and Shakira are slated to perform at the 2020 Super Bowl halftime show in Miami, Florida on Sunday night. Yahoo Finance’s Alexandra Canal breaks down why the historic selection represents an important turning point for the NFL as the league looks to become a more culturally inclusive organization. Zack Guzman & Emily McCormick, along with Marcum LLP Chairman and CEO Jeff Weiner join in on the conversation. …read more […]
A coronavirus outbreak that began in Wuhan, the capital of China’s central province of Hubei, has spread to more than 9,800 people globally, surpassing the total from the 2002-2003 SARS epidemic. The new virus has killed 213 people. [nL4N29Z6DC]
The United States ramped up its response to the coronavirus epidemic on Friday, declaring a public health emergency and saying it would halt entry to foreign nationals who had been to China within the 14-day incubation period.
Jonathan Niu got to New York’s John F. Kennedy International Airport five hours early on Friday, not least because he had a lot of luggage to check for his flight to his native China: He was hauling back boxes filled with hundreds of face masks.
An IRS audit over taxes is about half as likely as it was five years ago. Even so, two groups face higher rates than others. …read more […]
The Trump administration on Friday declared a public health emergency over the coronavirus outbreak and said it would take the extraordinary step of barring entry to the United States of foreign nationals who have traveled to China.
(Bloomberg) — Two of the most recognizable names in U.S. manufacturing are signaling more pain lies ahead for the global economy.Caterpillar Inc. predicted Friday that its 2020 profit will trail analysts’ estimates, while U.S. Steel Corp. reported the worst loss in almost three years and expects similar results this quarter.That’s a blow to markets already reeling from the worsening outbreak of the deadly coronavirus, a factory slump and major cutbacks in corporate spending. It shows how the troubles plaguing the world economy may go deeper than the trade tensions that had dented sentiment through much of last year.“We expect continued …read more […]
Berkshire Hathaway (NYSE: BRK-B) announced the sale of its newspaper business to Lee Enterprises (NYSE: LEE) this week for $140 million.
Warren Buffett’s firm has owned The Buffalo News since the late 1970s. In the early 2010s, it bought nearly 30 papers for $344 million.
In his 2012 letter to shareholders, Buffett expressed optimism about the importance of local news and prospects for the newspaper business. “I believe these papers will meet or exceed our economic test for acquisitions,” he wrote.
This week’s sale suggests the economics of the news business are too hard for even the world’s greatest investor.
To be honest, the …read more […]
Wall Street’s major averages tumbled more than 1.5% on Friday, sealing its worst week in six months, as the spreading coronavirus outbreak, coupled with sluggish U.S. economic data and a mixed batch of corporate earnings, fueled concerns about global growth.
Deere & Co. said on Friday it has temporarily closed its facilities in China because of the coronavirus outbreak until the company determines it appropriate to reopen.
Amazon says it paid more than $1 billion in federal income tax expenses amid reports claiming they have paid zero dollars. Yahoo Finance’s Alexis Christoforous breaks it down on The Ticker. …read more […]
The risk to the U.S. public from the coronavirus outbreak is low, Robert Redfield, director of the Centers for Disease Control and Prevention, said on Friday.
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