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Friday, May 29, 2020
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Stocks rise on Wall Street, but US braces for 100,000 deaths

Stocks surged on Wall Street to their highest levels since the business shutdowns took hold in the U.S. over two months ago, climbing on optimism Tuesday about the reopening economy even as the nation’s official death

Watch where the money goes before the second COVID-19 wave hits

The federal funding spigot has been turned on full force to combat COVID-19. States also are putting money into the effort. Money is flowing to local, state, and federal agencies. Money is flowing to private contractors.

States give few details on billions spent on virus supplies

States are spending billions of dollars stocking up on medical supplies such as masks and breathing machines during the coronavirus pandemic. But more than two months into the buying binge, many aren’t sharing details

Job market remains grim even as U.S. tentatively reopens

Signs of renewed business activity are surfacing across the country as states gradually reopen economies and some businesses call a portion of their laid-off staffers back to work.
California mulls adopting portions of despised Trump tax law

Trump considering hosting G-7 summit in US after all

President Donald Trump said Wednesday that he’s considering holding a meeting in the U.S. with the leaders of the world’s major economies after all because it would be a “great sign to all” of things returning to normal during the coronavirus pandemic.

Good Old Days

The other day I became intensely engrossed in a conversation with two friends who were about my age. All three of us closer to 100 than to 50 years old. The conversation became contentious over the issue

Reopening: It’s back to business, but not business as usual

In Connecticut, restaurants are reopening with outdoor-only dining and tables 6 feet apart. In Beverly Hills, California, the rich and glamorous are doing their shopping from the curb along Rodeo Drive.

Mnuchin and Powell push differing priorities to aid economy

Facing the gravest U.S. economic crisis in decades, Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell offered Congress contrasting views Tuesday of what the government’s most urgent priority should be.

US stocks rally on hopes for vaccine and economic recovery

The stock market bounced back from its worst week in nearly two months Monday as optimism about a potential vaccine for the coronavirus and hopes for a U.S. economic recovery in the second half of the year put investors in a buying mood.

Riverside County attests readiness to safely reopen based on public health...

Riverside County has notified Gov. Gavin Newsom that it is ready to cautiously and safely open for business based on public health data. The county has sent a letter and attestation to state officials requesting the county be allowed to take the next step in that direction.