Federal Reserve Chairman Jerome Powell said Wednesday that policymakers may have to use additional weapons to pull the country out of an economic mire that has cost at least 20 million jobs and caused “a level of pain that is hard to capture in words.” While he did not specify what those measures are and
Easing coronavirus restrictions and reopening the economy too quickly could lead to a “vicious cycle” of economic and health disasters, the World Health Organization warned Wednesday. “This is what we all fear, is a vicious cycle of public health disaster followed by economic disaster followed by public health disaster followed by economic disaster,” Dr. Mike
Even as it has pulled out all the policy stops during the coronavirus crisis, Federal Reserve Chairman Jerome Powell said one area it won’t be going is negative interest rates. “I know there are fans of the policy, but for now it’s not something that we’re considering,” the central bank leader said Wednesday. “We think
A researcher of the Openlab genetic and cell technologies laboratory of the Kazan Federal University working with biomaterial. Yegor Aleyev | TASS via Getty Images Health officials and scientists across the world are racing to develop vaccines and discover effective treatments against the coronavirus, which has infected more than 4.2 million people worldwide in as
U.S. President Donald Trump speaks during a press briefing in the Rose Garden of the White House in Washington, D.C., on Monday, May 11, 2020. Oliver Contreras | Sipa | Bloomberg via Getty Images President Donald Trump pointed the finger at wealthy investors for supposedly manipulating the stock market by making strong statements. In a
U.S. shoppers are making more trips to the dollar store. They’re stocking up with items from stores’ private label brands more than usual and cutting back on snacks and sodas at convenience stores. Those emerging data points, captured by market research firm IRI in recent weeks, may preview the next wave of grocery shopping during
seksan Mongkhonkhamsao Mobile payment apps like PayPal and Venmo could expose consumers to coronavirus-related scams, according to AARP, an advocacy group for older Americans. Peer-to-peer payment platforms, which allow for the digital transfer of money from one user to another, have risen in popularity, especially among younger adults. These programs — other examples include Zelle,
Rick Bright, deputy assistant secretary for preparedness and response for Health and Human Services (HHS), speaks during a House Oversight and Investigations Subcommittee hearing in Washington, D.C., on Thursday, March 8, 2018. Toya Sarno Jordan | Bloomberg via Getty Images Covid-19 has the potential to eclipse the 1918 flu pandemic that killed more than 50
David Tepper David Orrell | CNBC Billionaire investor David Tepper said the stock market is one of the most overpriced he’s ever seen, only behind 1999. Before Wednesday’s sell-off, it was “maybe the second-most overvalued stock market I’ve even seen,” Tepper said Wednesday on CNBC’s “Halftime Report.” “I would say ’99 was more overvalued.” “The market is
Inter Arma have announced a new covers album. Garbers Days Revisited is due out July 10 via Relapse. It features the Richmond metal band’s takes on classics such as Neil Young’s “Southern Man,” Prince’s “Purple Rain,” Nine Inch Nails’ “March of the Pigs,” Tom Petty’s “Runnin’ Down a Dream,” Hüsker Dü’s “The Girl Who Lives
Exclusive Rich the Kid can rap all he wants about how “Money Talks” but one celeb jeweler’s wondering why the Kid’s gone radio silent when it comes to unpaid jewelry bills … according to a new lawsuit. Peter Marco from Extraordinary Jewels of Beverly Hills is suing the “Plug Walk” rapper claiming he owes a
CHAI are back with a new song, and it comes with an accompanying animated video. The Japanese quartet’s new one is called “Ready Cheeky Pretty,” and its video was co-directed by Hideto Hotta and the band’s bassist YUUKI (who also illustrated the video). Watch it below. The band discussed the new song in a statement:
Exclusive Billie Eilish is scared for herself and her family because an obsessed fan keeps showing up at her home this week, and he never practiced social distancing and most of the time, never wore a mask. Billie filed legal docs, with the help of the law firm McPherson Ltd, claiming Prenell Rousseau began showing
In March 2019, a federal judge dismissed a lawsuit against concert promoter Goldenvoice alleging the restrictive radius clause for its Coachella festival artist contracts violated anti-trust law. The clause in question prevents artists booked to play Coachella from performing at any other North American festival from December 15 through May 1. Today the U.S. Ninth
Diddy is speaking out on the death of his mentor, Andre Harrell, who discovered him decades ago and put him on a trajectory to fame — and his farewell may well bring a tear to your eye. The Bad Boy honcho posted a video Monday showing a speech he gave earlier this year after winning
Future has announced that his new album is coming out this Friday, May 15. It’s called High Off Life, and it features Drake, Travis Scott, DaBaby, Young Thug, and Lil Uzi Vert. The album is executive produced by DJ Esco. Since releasing Future Hndrxx Presents: The WIZRD at the beginning of 2019, Future has made
Exclusive A Hilton hotel thinks it’s smarter than a bunch of 5th graders — its allegedly trying to rip off a Florida class, but their school is fighting back with its allies … Kodak Black and his attorney. Here’s what happened … 5th grade students from Pinewood Elementary School in Florida raised $17k by selling
Arkansas Governor Asa Hutchinson announced at a press conference that the Arkansas Department of Health will issue a cease-and-desist order to TempleLive, a Fort Smith venue scheduled to hold a “socially distant” concert by Bishop Gunn frontman Travis McCready on May 15. The governor’s directive to reopen venues goes into effect on May 18. “That