The S&P 500 rose 6% on Tuesday, a day after its steepest decline since the 1987 crash, as the Federal Reserve took further steps to boost liquidity and stem damage from the coronavirus outbreak that has gripped the global economy.
The White House proposed an $850 billion stimulus package Tuesday for an economy that has been rocked by coronavirus fears, the Trump Administration expecting bipartisan support for a move that may involve sending Americans $1,000 checks.
The European Union announced that member nations will close the EU’s external borders for the next 30 days to slow the spread of the coronavirus pandemic.
Israel’s caretaker government unanimously approved on Tuesday a measure allowing security services to deploy advanced digital monitoring tools in an effort track carriers of the coronavirus, despite widespread privacy concerns.
A member of the Assembly of Experts, which has the power to appoint or dismiss the country’s supreme leader, Ayatollah Ali Khamenei, has died from the COVID-19 illness caused by the virus, the semi-official Fars and Tasnim news agencies reported Monday.
Stocks fell sharply Monday — with the Dow suffering its worst day since the ‘Black Monday’ market crash in 1987 and its third-worst day ever — even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak.
U.S. health officials say the first human trial has begun to test an experimental coronavirus vaccine, as scientists race to find treatments for the pandemic.
Dr. Deborah Birx, White House coordinator of the coronavirus response team, said Monday that millennials ‘are the core group’ that will stop COVID-19.
The U.S. Supreme Court announced Monday it is postponing scheduled oral arguments through the month of March.
The White House Monday issued new COVID-19 guidelines for Americans to follow over a crucial 15-days period, as President Donald Trump said that ongoing efforts to stop the spread of the novel coronavirus could continue on until the middle of summer or even longer.
The Israel Defense Forces indicated Monday its primary foe in the region, Iran, was curbing its activities as it grapples with a major outbreak of the coronavirus.
The International Monetary Fund on Monday said it ‘stands ready’ to use its $1 trillion lending capacity to help countries around the world that are struggling with the humanitarian and economic impact of the novel coronavirus.
Europe proposed shutting its external borders to foreigners for 30 days on Monday in a bid to turn the page on its scramble to contain the coronavirus, but it drew criticism for doing too little, too late.
New economic data released Monday shows China’s economic activity in all areas plunged in the first two months of 2020 as the novel coronavirus outbreak first erupted and took hold in the world’s second-largest economy.
The Federal Reserve, saying ‘the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,’ cut interest rates to essentially zero on Sunday and launched a massive $700 billion quantitative easing program to shelter the economy from the effects of the virus.
Prime Minister Benjamin Netanyahu on Saturday announced that Israel would begin using advanced digital monitoring tools to track carriers of the coronavirus, raising major privacy concerns and prompting accusations of mass surveillance.
Israeli President Reuven Rivlin will task Blue and White leader Benny Gantz with forming the next government, after the leftist former IDF chief gained a majority of seats in the Knesset with unexpected support.
Islamic religious authorities have closed the Al-Aqsa mosque and the Dome of the Rock as a precautionary measure against the spread of the coronavirus. However, outdoor prayers will still be permitted outside the two shrines housed in Jerusalem.
The U.S. House early Saturday passed bipartisan legislation in response to the coronavirus pandemic.
At the close of business Friday, the Dow Jones Industrial Average was up 1,985 points to 23,186, nearly recouping Thursday’s more than 2,300-point loss. The S&P 500 gained 228 to 2,709 and the Nasdaq Composite was up by 672 points to 7,874.