Wall Street steadies itself, halting four-day losing streak
Tuesday’s market rebound has been the exception this month. Wall Street has suddenly lost momentum in September following months of powerful gains that returned the S&P 500 to a record.
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Airline industry pleads for mandatory virus tests to prop up demand
While the call for testing isn’t new, the outlook has turned increasingly grim for airlines taking stock of a disappointing summer with rising infection rates and restrictions dashing hopes for a recovery.
FDA to announce tougher standards for COVID-19 vaccine, likely delaying approval
The U.S. Food and Drug Administration is expected tighten a standard for an emergency authorization of a coronavirus vaccine as soon as this week that will make it exceedingly difficult for any vaccine to be cleared before Election Day.
Plasma treatment trials expanded by U.S. to show safety, benefit
Two human studies of convalescent plasma, a component of blood taken from recovered coronavirus patients, will enroll more patient at hospitals and clinics across the country.
Notre Dame-Wake Forest football game postponed after Irish positive tests
The game is the 18th involving major college football teams to be postponed or canceled by COVID-19 issues since Aug. 26.
Powell, Mnuchin voice optimism but back more economic aid
Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Tuesday that the U.S. economy is rebounding, but stressed that major sectors of the economy were still suffering.
House Democrats hope to pass funding bill to avert shutdown
A mini-furor over farm subsidies is threatening to delay passage of the measure. It ignited when Democratic leaders left out a key provision for farmers. Democrats from farm country are reluctant to approve the measure without the GOP-backed provision.
Indiana reports 652 more COVID-19 cases; U.S. death toll passes 200,000
The Indiana State Department of Health on Tuesday reported the testing of 6,977 more unique individuals. The cumulative positivity rate remained at 8.6%.
Survey: More than 40% of Indiana restaurant operators fear viability
More than four out of 10 restaurant operators in Indiana say it is unlikely they will still be in business six months from now if current business conditions continue, according to survey released Tuesday by the Indiana Restaurant and Lodging Association.
Powell: Many small companies can borrow without Main Street
The central bank has faced criticism for not making the Main Street program easier to use for banks, which evaluate and issue the loans. The Fed buys 95% of the loan from the banks, reducing their credit risk.
Watchdog: Millions in danger of missing virus relief payouts
The Government Accountability Office, Congress’ auditing arm, said that possibly 8.7 million or more individuals who are eligible for the economic impact payments have yet to receive those payments.
Markets tumble worldwide over worries about the pandemic’s economic pain
Wall Street has been shaky this month, and the S&P 500 has dropped 8.4% since hitting a record Sept. 2 amid a long list of worries for investors.
CDC reverses itself, says guidelines on coronavirus airborne transmission were wrong
Since the pandemic began, experts have debated the ways the virus travels—and the methods to best halt it.
U.S. cruise lines vow 100% testing in plan for resuming sailing
Cruise company executives said the limited resumption of cruising in Europe over the last few weeks has convinced them that cruising can be done safely.
U.S. household wealth hits record even as economy struggles
The Federal Reserve said Monday that American households’ net worth jumped nearly 7% in the April-June quarter, to $119 trillion.
Indiana reports 535 new COVID-19 cases, seven more deaths
The Indiana State Department of Health on Monday reported the testing of 6,822 more unique individuals, the lowest number since Sept. 10.
Hotels, restaurants face new conundrum: How to offer service without a smile
Six months into the pandemic, conveying warmth is the new hot topic among hoteliers and restaurateurs. Some are coming up with new ways.
Indiana reports 756 new COVID-19 cases, 3 more deaths
The Indiana State Department of Health on Sunday reported the testing of 9,455 more unique individuals, bringing the cumulative total to 1,301,940.
Indiana reports 1,104 new COVID-19 cases, nine more deaths
The state reported the testing of 11,705 more unique individuals, bringing the cumulative total to 1,292,615.
City sports officials offer to create basketball bubble for interested schools
Indiana Sports Corp. released a 16-page proposal Friday that calls for turning the convention center’s exhibition halls and meeting rooms into basketball courts and locker rooms. There would be expansive safety measures and daily virus testing.