Homeowners stopped paying mortgages in record numbers in April
Record unemployment caused by the coronavirus pandemic led to the largest one-month increase in mortgage delinquencies ever recorded.
The Washington Post
Articles
More evidence emerges on why COVID-19 is so much worse than the flu
Researchers who examined the lungs of patients killed by COVID-19 found evidence that it attacks the lining of blood vessels there, a critical difference from the lungs of people who died of the flu, according to the New England Journal of Medicine.
Strong earnings boost stock market, lifting Dow 369 points
Stocks rose Wednesday as investors focused on signs that the reopening of the global economy is gathering momentum.
Study: Elderly COVID-19 patients on ventilators usually do not survive
The study confirmed that advanced age is the greatest risk factor for a severe outcome, particularly if accompanied by chronic underlying diseases.
‘Triple whammy’ of good news powers Dow more than 900 points
The Dow Jones industrial average surged nearly 700 points at the opening bell, then kept going, after Moderna announced that an early-stage human trial for its coronavirus vaccine successfully produced COVID-19 antibodies in participants.
Moderna virus vaccine showing encouraging early results
The data released Monday by Moderna is positive, but represents only a first step in a long process to bring a vaccine to market.
Reports show nursing-home chain violated patient care, infection control standards
Over the past six weeks, as the nationwide death toll among the elderly soared, government inspectors discovered breakdowns in infection control and prevention in at least 10 Life Care nursing homes that underwent COVID-19 emergency inspections.
J.C. Penney files for bankruptcy, plans to close some stores
The 118-year-old retailer was struggling long before the public health crisis forced it to temporarily shutter all of its stores.
House Dems near passage of $3T relief bill despite Trump’s veto threat
The sweeping legislation, dubbed the “Heroes Act,” also faces opposition within the House Democratic caucus, with some moderate lawmakers objecting to voting on a bill that they all know will not become law.
Study shows talking creates long-lasting airborne droplets
The findings could help explain why infections of the coronavirus so often cluster in nursing homes, households, conferences, cruise ships and other confined spaces with limited air circulation.
U.S. stocks sink after Fed chief signals economic pain ahead
The Dow Jones industrial average dropped nearly 517 points on the day, or 2.2%, closing at 23,247.97.
Stocks post weekly gain despite dismal jobless report
Shares of energy, industrial and consumer staples companies helped the S&P 500 register its first weekly gain in three weeks.
About three-quarters of U.S. Catholic parishes applied for government paycheck protection
About 13,000 of the country’s 17,000 Catholic parishes applied for the government’s small-business stimulus program, and about half have so far received the requested funds, according to the church’s group for diocesan fiscal managers.
Jobless rate soared to 14.7% in April as U.S. shed 20.5 million jobs
The staggering job losses are more than double what the nation experienced during the 2007-09 crisis.
Blood thinners show promise for boosting survival chances of sickest COVID-19 patients
For patients on ventilators, about 63% of patients who did not receive the medications died compared with 29% who received the treatment.
Lawmakers rebuff Trump’s demand for payroll tax cut in next virus aid bill
The intraparty rift on a payroll tax cut comes as the Democratic-led House scrambles to produce additional coronavirus legislation with perhaps another massive price tag.
Americans wary of reopening as White House weighs ending COVID-19 task force
Experts around the country are now revising their forecasts about the spread of the virus, and several models in the past three days suggest that resuming normal activity would spur a significant increase in the number of cases and deaths.
FDA steps up scrutiny of coronavirus antibody tests to ensure accuracy
Officials said “unscrupulous actors” have been “marketing fraudulent test kits and using the pandemic as an opportunity to take advantage of Americans’ anxiety.”
Government report predicts COVID-19 cases will reach 200,000 a day by June 1
The document predicts a sharp increase in both cases and deaths beginning about May 14.
Reopened restaurants revealing dining’s ‘new normal’
Waiters wearing plastic gloves and masks. Disposable menus. Family-only tables. Booth dividers. Eateries in several states are reopening under heavy restrictions.