Economy

The $16 TRILLION bug: Pandemic could cost US economy its entire annual output

9 days ago   |   By RT

The US economy may lose a whopping $16 trillion due to the devastating impact of the Covid-19 outbreak, both in output and people's lives, new research has found.
While most studies assess the costs of the deadly virus by its impact on the national gross domestic product , a paper published in the Journal of the American Medical Association earlier this week offered a different approach.
The authors of the study - former Treasury Secretary Lawrence Summers and Harvard University economist David Cutler - also took into account losses associated with those who have died due to the virus, in...
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Can Frozen Food Packaging Spread Covid-19? China CDC Finds Live Coronavirus

Can Frozen Food Packaging Spread Covid-19? China CDC Finds Live Coronavirus

9 days ago   |   By Forbes

The China CDC has detected and isolated live Covid-19 coronavirus from the outer packaging of imported frozen cod while contact tracing an outbreak in Qingdao, China.
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The Latest: India capital has its worst 1-day virus caseload

The Latest: India capital has its worst 1-day virus caseload

NEW DELHI - India's tally of confirmed coronavirus cases is moving closer to 8 million, with 43,893 new cases reported for the latest 24-hour period. Read more ...

Microsoft reports $35.7 billion in Q1 2021 revenue: Azure up 48%, Surface up...

Microsoft reports $35.7 billion in Q1 2021 revenue: Azure up 48%, Surface up 37%, and LinkedIn up 16%

Microsoft reported fiscal Q1 2020 earnings, including revenue of $37.2 billion, net income of $13.9 billion, and earnings per share of $1.82. Read more ...

Asian stocks fall on worries over rising virus cases, US aid

Asian stocks fall on worries over rising virus cases, US aid

TOKYO - Asian shares headed lower Wednesday on worries about rising virus counts and Washington's inability to deliver more aid to the economy. Read more ...

The Latest: Indoor dining, bar service banned in Chicago

The Latest: Indoor dining, bar service banned in Chicago

SPRINGFIELD, Ill. - Surging coronavirus infections in Chicago have prompted Illinois Gov. J.B. Pritzker to ban indoor dining and bar services in the city and limit the number... Read more ...

October 27 COVID-19 Test Results

October 27 COVID-19 Test Results

The US is now averaging close to 1 million tests per day. Based on the experience of other countries, the percent positive needs to be well under 5% to really push down new... Read more ...

Trump's official campaign website briefly offline after hackers appeared to...

Trump's official campaign website briefly offline after hackers appeared to take control and claim they had 'full access to Trump and relatives'

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Stocks end another wobbly day lower as virus cases rise

Stocks end another wobbly day lower as virus cases rise

Stock indexes are closing mostly lower on Wall Street Tuesday as the market's momentum slows further on worries about rising virus counts and Washington's inability to deliver... Read more ...

Via and Hyundai-Aptiv joint venture to offer shared robotaxi rides next year

Via and Hyundai-Aptiv joint venture to offer shared robotaxi rides next year

Motional, the Hyundai-Aptiv joint venture, and on-demand shuttle startup Via plan to launch a shared robotaxi service for the public in a U.S. city in the first half of 2021... Read more ...

Reddit employees will keep their coveted San Francisco salaries if they move...

Reddit employees will keep their coveted San Francisco salaries if they move to more affordable cities, bucking the trend of pay cuts for workers leaving Silicon Valley

Summary List Placement Reddit will keep paying its employees their San Francisco salaries if they decide to leave the region for more affordable locales, the company said in a... Read more ...

Apple is warning iPhone 12 users of potential issues they may have with the...

Apple is warning iPhone 12 users of potential issues they may have with the new MagSafe charger, including damage to their iPhone case

Summary List Placement Apple has issued new guidance about its MagSafe chargers for the iPhone 12. The new chargers, which Apple unveiled earlier this month at its annual... Read more ...