Big swings have become typical recently, as investors handicap the chances of a deal on Capitol Hill to send more cash to Americans, restore jobless benefits for laid-off workers and deliver assistance to airlines and other industries.
A similar process was used to issue an approval for remdesivir, one of the only licensed drugs to treat COVID-19. That approval was issued in just over one month, while the standard process can take nearly seven months.
H&M is making its biggest retrenchment ever as the pandemic exacerbates its record inventory buildup. The retailer said Thursday it plans to permanently shut 250 stores on a net basis in 2021 after eliminating 50 this year.
In Indiana, more than 112,000 households are behind 120 days or more on their power bills, a Washington Post analysis of the largest local energy companies’ records found.
The program, called the Hospitality Establishment Lifeline Program, will provide grants to Marion County bars, restaurants and live entertainment venues that pay food and beverage taxes.
The White House is backing a $400 per week pandemic jobless benefit and is dangling the possibility of a COVID-19 relief bill of $1.6 trillion.
The Indiana State Department of Health on Thursday reported the testing of 8,483 more unique individuals, the sixth time in eight days that testing has topped 8,000.
Economists fear that without further government support, consumer spending will slow significantly in the final three months of this year.
Up to now, the business has primarily served architects and designers in bigger markets. Also this week: Lou Malnati’s, Dave & Busters, Godiva Chocolatier, Nesso, Jiffy Lube.
A record number of flu vaccine doses are on the way, between 194 million and 198 million for the United States alone.
Fewer Americans than expected sought unemployment benefits last week. The latest claims numbers reflect gradual labor-market improvement but remain well above pre-virus levels.
U.S. airlines said they will begin furloughing tens of thousands of employees on Thursday, but they left open the possibility that workers could be called back if a federal relief package is reached in the next few days.
At issue is a long-delayed package that would extend another round of $1,200 direct stimulus payments, restore bonus jobless benefits, speed aid to schools and extend assistance to airlines, restaurants and other struggling businesses.
Despite an increase in testing capacity, the seven-day average number of individuals tested has fallen to around 9,000 per day in Indiana.
Prospects for additional support from Congress for the economy helped drive the day’s trading, as they have for weeks.
The state received $2.4 billion in CARES Act funding, and still has about $1 billion remaining as Gov. Eric Holcomb’s administration has been hopeful that Congress would amend the restrictions regarding how and when the dollars can be spent.
One of COVID-19’s scariest mysteries is why some people with it become only mildly ill or have no symptoms, while others rapidly die. Scientists are starting to unravel why.
The commission said Wednesday that Tuesday night’s debate “made clear that additional structure should be added to the format of the remaining debates to ensure a more orderly discussion of the issues.”
The 28th annual running of the race will be part of a doubleheader in which IndyCar will race on the road course on Aug. 14, followed by the NASCAR race on Aug. 15.
The state has reported 100 deaths from COVID-19 over the past week, up from 61 the previous week.
