News

COVID-19

Jeff Kagan | Equities.com |

Customers have big hearts, but don’t like to be taken advantage of. COVID-19 has been very hard on the restaurant industry. I have family that works in the industry, so I know about the troubles. Too many restaurants are hurting themselves further, however, by lowering the quality of the product they sell, which damages their brand relationship with the customer.

This is hurting them in addition to coronavirus. This is destroying their brand value in the customers' minds. That is business suicide. The customer always notices everything.


AP News | Equities.com |

More than 11 million cases of the coronavirus have now been reported in the United States, with the most recent million coming in less than a week.

Johns Hopkins University’s coronavirus tracker reached 11 million on Sunday. It had topped 10 million cases on Nov. 9.

It took 300 days for the U.S. to hit the 11 million mark since the first case was diagnosed in Washington state on Jan. 20.

COVID-19 is spreading more rapidly across the U.S. than it has at any time since the pandemic started. Deaths are also on the rise, though not at the record high numbers reached in the spring. The seven-day rolling average for daily new deaths was more than 1,080 as of Saturday, more than 30% higher than it was two weeks earlier.


Reuters | Equities.com |

Australia's Qantas Airways Ltd, the world's third-oldest airline, on Monday marked its 100th birthday during its toughest year yet due to the coronavirus pandemic but is looking to the future with optimism, its chief executive said.

“Qantas every decade has literally reinvented itself,” Chief Executive Alan Joyce said in a recorded message. “That is why it has survived as long as it has.”

The airline, founded in Australia's outback as Queensland and Northern Territory Aerial Services Ltd (Qantas) in 1920, is the world's third-oldest operating carrier behind Dutch airline KLM and Colombia's Avianca Holdings SA.


Reuters | Equities.com |

(Reuters) - Washington Governor Jay Inslee announced sweeping new restrictions on gatherings and businesses on Sunday, including a ban on indoor service at restaurants and bars, to combat a recent surge in COVID-19 cases in the state.

The restrictions, most of which will take effect Monday at 11:59 p.m. and last for one month, come as the average daily tally for cases has doubled in the past two weeks, Inslee told a news conference.

The spike in cases “...me...


Reuters | Equities.com |

(Reuters) - Simon Property Group Inc, the biggest U.S. mall operator, said it reached an agreement to cut the price of its looming takeover of rival Taubman Centers Inc to $43 a share in cash, the companies said on Sunday.

Under the original agreement announced in February, Taubman shareholders were to receive $52.50 per share in cash.

The revised agreement continues to provide that Simon will acquire an 80% ownership in The Taubman Realty Group (TRG) Ltd Partners...


Reuters | Equities.com |

As U.S. pandemic intensifies, North Dakota becomes 35th state to require masks
By Peter Szekely

5 MIN READ


(Reuters) - North Dakota has become the 35th U.S. state to require face coverings be worn in public, as governors across the country grapple with a surge in coronavirus infections that threatens to swamp their healthcare systems.

 

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North Dakota jo...


Reuters | Equities.com |

Tesla Inc Chief Executive Officer Elon Musk said on Saturday he “most likely” has a moderate case of COVID-19, as he continued to question the accuracy of the tests.

"Am getting wildly different results from different labs, but most likely I have a moderate case of covid. My symptoms are that of a minor cold, which is no surprise, since a coronavirus is a type of cold," Musk wrote in a tweet. bit.ly/3kwNHbU

He did not mention whet...


AP News | Equities.com |

The governors of Oregon and New Mexico ordered near-lockdowns Friday in the most aggressive response yet to the latest wave of coronavirus infections shattering records across the U.S., even as many of their counterparts in other states show little appetite for reimposing the hard-line restrictions of last spring.

“We are in a life-or-death situation, and if we don’t act right now, we cannot preserve the lives, we can’t keep saving lives, and we will absolutely crush our current health care system and infrastructure,” Democratic Gov. Michelle Lujan Grisham of New Mexico said in imposing a two-week stay-at-home order.


AP News | Equities.com |

The S&P 500 closed at a record high on Friday as optimism built among investors that a coming vaccine for the coronavirus will help end the shutdowns that have devastated the economy.

The benchmark index posted its second weekly gain in a row. Markets also welcomed the election of Joe Biden as president and the likelihood of Republican control of the Senate, setting up a divided government that will probably mean a continuation of business-friendly policies. Small-company stocks outpaced the rest of the market this week, reflecting greater confidence in the economy.


AP News | Equities.com |

With COVID-19 cases and hospitalizations in the state spiking to record levels, bus drivers and teachers in quarantine, students getting sick and the holidays looming, Schools Superintendent Scott Hanback in Tippecanoe County, Indiana, made a tough decision this week.

The school system, he decreed, would switch to remote learning until after Thanksgiving.

It seemed like the only safe way to proceed after the myriad disruptions caused by the surging coronavirus.

’’It has been very, very difficult,” Hanback said, adding that he has been doing ‘’a lot of prayer, rest and trying to just take care of my mental health and physical health just so I can stay sharp.’’