Oil drop saps gains as Wall Street fades late

Wall Street fell on Tuesday, as a drop in oil prices steepened in the latter stages of the session and erased early gains built on tentative signs that coronavirus outbreaks in some of the biggest U.S. hot spots may be leveling.


Posted 2020/04/07 20:44:48

Jobless Americans to see extra payments as soon as this week

Americans who have lost their jobs due to the coronavirus outbreak will start getting enhanced jobless benefits as soon as this week as states deploy hundreds of billions of dollars in federal aid, state officials said on Tuesday.


Posted 2020/04/07 20:28:23

U.S. appeals court allows abortion curbs in Texas during coronavirus

A U.S. appeals court on Tuesday ruled that Texas can enforce limits on the ability of women to obtain abortions as part of the state's policy requiring the postponement of non-urgent medical procedures during the coronavirus pandemic.


Posted 2020/04/07 20:22:36

Long lines and drive-through voting as Wisconsinites brave polls amid coronavirus

Wisconsin voters faced long lines at limited polling locations on Tuesday, as the Midwestern state's presidential primary and local elections moved ahead despite mounting fears about the coronavirus outbreak.


Posted 2020/04/07 20:21:33

Special Report: Doctors embrace drug touted by Trump for COVID-19, without hard evidence it works

The decades-old drug that President Donald Trump has persistently promoted as a potential weapon against COVID-19 has within a matter of weeks become a standard of care in areas of the United States hit hard by the pandemic — though doctors prescribing it have no idea whether it works.


Posted 2020/04/07 20:16:08

U.S. economy will eventually reopen but with big changes: Kudlow

The Trump administration is aiming to reopen the U.S. economy when the nation's top health experts give the go-ahead, but Americans' lives will be drastically different, White House economic adviser Larry Kudlow said on Tuesday.


Posted 2020/04/07 20:00:57

Former Fed chief Bernanke sees bad year, no quick recovery

The U.S. economy could shrink 30% or more this quarter as stay-at-home orders aimed at slowing the coronavirus outbreak choke off business, and it could be a couple of years before the economy regains its footing, former Federal Reserve Chair Ben Bernanke said on Tuesday.


Posted 2020/04/07 20:00:57

Acting Navy secretary offers to resign over handling of carrier crisis

Acting U.S. Navy Secretary Thomas Modly has offered his resignation after coming under fire for his handling of a crisis involving the captain of a coronavirus-stricken aircraft carrier, a U.S. official and a congresssional aide told Reuters on Tuesday, speaking on condition of anonymity.


Posted 2020/04/07 19:48:24

UK PM Johnson, battling coronavirus, set for second night in intensive care

British Prime Minister Boris Johnson was set to spend a second night in intensive care on Tuesday to help his fight against a coronavirus infection, as his designated deputy said he would pull through because "he's a fighter".


Posted 2020/04/07 19:48:07

Hopes of progress against virus lift stocks; dollar falls

World stock markets posted sharp gains on Tuesday as signs of progress in curbing the spread of the novel coronavirus in both Europe and the United States fueled investors' appetite for risk.


Posted 2020/04/07 18:56:41

Special Report: How federal snafus slowed testing at a top U.S. hospital

The lab directors at the University of Virginia Medical Center felt powerless.


Posted 2020/04/07 18:51:16

Vice President Pence to brief U.S. lawmakers on coronavirus

U.S. Vice President Mike Pence plans to brief Congress on the nation's coronavirus outbreak in conference calls on Wednesday and Thursday, his spokeswoman said.


Posted 2020/04/07 18:13:39

In apparent swipe at China, Pompeo calls for transparency in coronavirus fight

U.S. Secretary of State Mike Pompeo on Tuesday urged all countries to be transparent and honest as they grapple with the coronavirus pandemic, a thinly veiled swipe at China, which reported no deaths from the illness for the first time since the outbreak began.


Posted 2020/04/07 18:13:39

Factbox: U.S. hospitals differ on best use of hydroxychloroquine for coronavirus

Major hospitals in New York, Louisiana and other areas hit hardest by the coronavirus outbreak are routinely using hydroxychloroquine on patients hospitalized with COVID-19, though robust evidence on whether it works is weeks, if not months, away.Hydroxychloroquine is a treatment for malaria and autoimmune diseases in use since the 1950's. The related drug chloroquine has been in use even longer, but is considered to be less safe. The drugs can have serious side effects, including vi


Posted 2020/04/07 18:10:01

UK PM Johnson is stable, still in intensive care: Downing Street

British Prime Minister Boris Johnsons condition is stable and he remains in intensive care for close monitoring, a spokesman for his office said on Tuesday.


Posted 2020/04/07 18:06:57

Factbox: Reaction as UK PM Johnson moved to intensive care

British Prime Minister Boris Johnson was moved to intensive care on Monday after his coronavirus symptoms worsened and he has asked Foreign Secretary Dominic Raab to deputise, Downing Street said.


Posted 2020/04/07 17:20:25

Wall Street surges on hopes of slowing coronavirus deaths

U.S. stocks surged on Monday, with each of the major indexes rallying more than 5%, after a drop in the daily death toll in New York, the country's biggest coronavirus hot spot, fueled hopes a leveling off of the pandemic was on the horizon.


Posted 2020/04/06 19:02:58

U.S. death toll from coronavirus tops 10,000: Reuters tally

The U.S. death toll from the novel coronavirus topped 10,000 on Monday, according to a Reuters tally.


Posted 2020/04/06 18:16:08

U.S. Supreme Court turns away religious clash over Washington transit ads

The U.S. Supreme Court on Monday declined to hear a religious rights dispute brought by the Roman Catholic Archdiocese of Washington against the Washington area transit authority over its policy barring advertisements in its stations and on buses and trains on divisive issues including religion.


Posted 2020/04/06 18:14:57

Boris Johnson in hospital with persistent COVID-19 symptoms but still working

British Prime Minister Boris Johnson was in hospital undergoing tests on Monday after suffering persistent coronavirus symptoms for more than 10 days, but the government said he was in good spirits and still in charge.


Posted 2020/04/06 17:40:15