Nonfarm payrolls increased by 273,000 in February, surpassing economists’ 175,000 estimate. Unemployment also slightly dropped to 3.5 percent, matching its lowest level in more than 50 years, according to the latest report by the U.S. Department of Labor.
The U.S. Centers for Disease Control and Prevention (CDC) on Tuesday reported 696 cases of coronavirus, an increase of 224 from its previous count, and said the number of deaths had risen by six to 25.
U.S. stocks rallied at opening Tuesday, recouping some of Monday’s losses after President Trump floated a payroll tax holiday to stimulate economic growth against the coronavirus.
The one-two punch of coronavirus and an escalating oil price war that is roiling world markets is hurting one country more than any other: Iran.
Serious measures against the spread of the coronavirus are being applied in multiple states, after falling stocks Monday caused all trading on Wall Street to temporarily cease and the US confirmed 550 cases across 20 states.
Iran’s leadership has been hit especially hard by the coronavirus, as the Islamic Republic predicts that 40% of residents in its capital of Tehran will be infected by the spreading virus within two weeks.
The Dow Jones Industrial Average sank more than 2,000 points on Monday, its worst day since 2008, as fears about the spread of the new coronavirus and an oil price war sent investors scrambling out of stocks.
Italy’s government has expanded travel restrictions to the entire country, locking down some 60 million people in an effort to contain the coronavirus.
The pastor of a historic Georgetown Episcopal Church in Washington D.C. has become the first confirmed case of coronavirus in the district, and in an alarming development, officials are now reporting that the church leader shook the hands of hundreds of worshippers during recent services.
Older Americans, especially those with underlying health conditions, should stockpile supplies and avoid unnecessary travel, a top official at the Centers for Disease Control and Prevention (CDC) said Monday.
Oil futures tumbled 31% in a matter of seconds overnight on Sunday, their sharpest decline since the Gulf War in 1991. The losses are being fueled by sinking demand due to coronavirus concerns, which has in turn sparked a series of price cuts.
The Italian government on Sunday enacted sweeping measures to curb the spread of the novel coronavirus, imposing restrictions on mobility and assembly in the Lombardy region and nearby provinces, including the cities of Milan, Venice, and Modena.
Prime Minister Benjamin Netanyahu said on Saturday that the coronavirus was a pandemic more severe than any disease outbreak in the past century, as a senior official said Israel was likely hours away from placing restrictions on flights arriving from some parts of the United States.
The World Health Organization declined to label the coronavirus a pandemic as the number of cases reached 100,000 over the weekend and extended its reach to 90 countries.
The novel coronavirus spreading across the world is already at a ‘pandemic’ stage, a top Israeli health official said Thursday, though world health authorities have held off from declaring a global outbreak.
The U.S. Centers for Disease Control and Prevention (CDC) on Thursday reported 149 cases of coronavirus in the country, which includes those reported by individual states that were yet to be confirmed by the agency.
The U.S. Senate voted near unanimously Thursday to approve $8.3 billion in new spending on the U.S. government’s efforts to contain the spread of the novel coronavirus.
Researchers in China have found that two different types of the new coronavirus could be causing infections worldwide.
Saudi Arabia has banned citizens and residents from performing the Muslim pilgrimage in Mecca over fears about the coronavirus.
The House passed an $8.3 billion measure to fund the federal government’s response to the coronavirus outbreak, which has claimed 11 lives and infected more than 100 people in the United States.