CDC tells people over 60 or who have chronic illnesses like diabetes to stock up on goods and buckle down for a lengthy stay at home
Many Americans will be exposed to COVID-19 over the next year or so with many people in the U.S. getting sick, a top CDC official said Monday, recommending that people over 60 and anyone with chronic medical conditions buckle down for a lengthy stay home.
All but four of Apple’s stores in mainland China have reopened after coronavirus shutdown
All of Apple’s retail stores in mainland China apart from four are now open after the coronavirus outbreak forced the iPhone maker to close its shops for an extended period of time.
Focus on Apple and other ‘tech winners for next 5-10 years’ during this market selloff, Wedbush says
Wedbush Securities analyst Dan Ives said in note on Monday that investors should “focus on Apple during this sell-off.”
Job growth smashes expectations for February as unemployment falls back to 3.5%
Nonfarm payrolls grew far more than expected in February as companies continued to hire leading into a growing coronavirus scare.
Private payrolls up 183,000 as hiring shows no signs of coronavirus scare
U.S. companies kept adding jobs in February despite the coronavirus scare, as private payrolls expanded well above the pace that Wall Street had anticipated.
US service sector races to one-year high in February
U.S. services sector activity accelerated to a one-year high in February, suggesting underlying strength in the economy despite the coronavirus outbreak, which has triggered financial market fears of a recession and led to an emergency interest rate cut from the Federal Reserve.
Apple iPhone partner Foxconn predicts it will be back to full capacity by the end of the month
Apple partner Foxconn, which builds iPhones, said in a presentation to investors Tuesday that it expects to be back to full seasonal capacity by the end of the month after coronavirus fears stalled some production in China.
U.S. construction spending increases to record high
U.S. construction spending increased by the most in nearly two years in January, but the upbeat news is likely to be overshadowed by financial market fears that the fast-spreading coronavirus could tip the economy into recession.
Fed’s Powell says economy is fine but Fed ready to act as needed
Federal Reserve Chair Jerome Powell on Friday said the central bank will “act as appropriate” to support the economy in the face of risks posed by the coronavirus outbreak, though he said the economy remains in solid condition.
US new home sales surge to 12.5-year high in January
Sales of new U.S. single-family homes raced to a 12.5-year high in January, pointing to housing market strength that could help to blunt any hit on the economy from the coronavirus and keep the longest economic expansion in history on track.