World

Covid is killing more than 2,000 people a day in the U.S. as infections and hospitalizations hit records

El Paso County Medical Examiner’s Office staff lock-up the mobile morgues before moving bodies that are in bags labeled “Covid” from refrigerated trailers into the morgue office amid the coronavirus disease (COVID-19) outbreak, in El Paso, Texas, U.S. November 23, 2020. Ivan Pierre Aguirre | Reuters For the first time since the beginning of the […]

Finance

Fed weighed adjusting bond purchases to provide more help to economy ‘fairly soon,’ minutes show

Federal Reserve officials indicated at their last meeting that adjustments could be made soon to their bond-buying program as the central bank looks to alternate ways it can support the economy. The Fed on Wednesday released minutes from its Nov. 4-5 policy meeting. Officials at that gathering voted to keep benchmark short-term borrowing rates anchored […]

Global Economy

Congress is far from sending more stimulus help as coronavirus cases surge and economic pain looms

The U.S. Capitol dome is reflected on an ambulance at sunset in Washington, November 10, 2020. Erin Scott | Reuters Congress appeared nowhere close to passing another coronavirus relief bill Tuesday as infections surge across the country and new public health restrictions threaten businesses and jobs. Lawmakers have not passed new aid in months during […]

World

Moderna says preliminary trial data shows its coronavirus vaccine is more than 94% effective, shares soar

Moderna said preliminary phase three trial data shows its coronavirus vaccine is more than 94% effective in preventing Covid-19 — a result CEO Stephane Bancel called a “game changer.” The analysis evaluated 95 confirmed Covid-19 infections among the trial’s 30,000 participants. Moderna, which developed its vaccine in collaboration with the National Institute of Allergy and Infectious […]

World

Trump strikes out in Arizona, Michigan, Pennsylvania ballot challenges, Biden’s lead more secure

U.S. President Donald Trump speaks during a campaign event at the Arizona Grand Resort and Spa in Phoenix, Arizona U.S., September 14, 2020. Jonathan Ernst | Reuters President Donald Trump’s already long-shot efforts to reverse an apparent win for President-elect Joe Biden by challenging votes in courts suffered three big setbacks in Arizona, Michigan and […]