VOL. 44 | NO. 28 | Friday, July 10, 2020
REAL ESTATE
June 2020 real estate trends for Davidson County, as compiled by Chandler Reports.
NEWSMAKERS
Patterson Intellectual Property Law shareholder and co-founder Edward Lanquist has been honored with a Tennessee Bar Association President’s Award.
BRIEFS
The Center for Health Policy at Meharry Medical College has announced the receipt of an $8 million grant from the Tennessee Department of Human Services to support efforts in programming and services for Metro students and their caregivers with special emphasis on education, health and well-being, economic support and social capital.
BEHIND THE WHEEL
With summer in full swing, we typically see car dealerships heavily discounting excess inventory around the Fourth of July holiday. But the novel coronavirus and its effects make this year different from most.
CAREER CORNER
It’s becoming more common for workers, stuck at home, to look for alternative work locations. For some fortunate individuals, it’s been their vacation home. Others have fled cities to live with family members in less-populated areas.
BUSINESS BOOK REVIEW
Your last regular paycheck has come and gone. That was a while ago, back before you were downsized/laid off/reassigned right out of a job, and you’re not sure what to do.
MILLENNIAL MONEY
Shelter in place. Lockdown. Quarantine. Whatever you call it, it’s been a few months since the COVID-19 pandemic taught us what staying home for an extended period of time actually looks and feels like.
TECHNOLOGY
LONDON (AP) — The European Union's top court ruled Thursday that an agreement that allows thousands of companies — from tech giants to small financial firms — to transfer data to the United States is invalid because the American government can snoop on people's data.
Unidentified hackers broke into the Twitter accounts of technology moguls, politicians, celebrities and major companies Wednesday in an apparent Bitcoin scam.
VIRUS OUTBREAK
WASHINGTON (AP) — Infighting over the White House's handling of the coronavirus pandemic is spilling further into public view, with trade adviser Peter Navarro panning Dr. Anthony Fauci as President Donald Trump stands watch.
MIAMI (AP) — California, Arizona, Texas and Florida together reported about 36,000 new coronavirus cases Wednesday as restrictions aimed at combating the spread of the pandemic took hold in the United States and around the world in an unsettling sign reminiscent of the dark days of April.
NATIONAL/INTERNATIONAL BUSINESS
WASHINGTON (AP) — The number of laid-off workers seeking unemployment benefits remained stuck at 1.3 million last week, an historically high level that indicates many companies are still cutting jobs as the viral outbreak intensifies.
BALTIMORE (AP) — U.S. retail sales climbed a solid 7.5% in June, a sign that the economy was healing right before infections from the coronavirus spiked again and dragged down hopes for a steady recovery.
FRANKFURT, Germany (AP) — The European Central Bank hit pause Thursday after deploying massive stimulus measures in recent weeks and urged European leaders to do their part by agreeing on a fund to support the regions hardest hit by the virus outbreak.
WASHINGTON (AP) — Mail deliveries could be delayed by a day or more under cost-cutting efforts being imposed by the new postmaster general. The plan eliminates overtime for hundreds of thousands of postal workers and says employees must adopt a "different mindset" to ensure the Postal Service's survival during the coronavirus pandemic.
DALLAS (AP) — American Airlines is notifying about 25,000 workers that their jobs could be eliminated in October because of plunging demand for air travel, adding to the toll that the virus pandemic is taking on the airline industry.
NEW YORK (AP) — Bank of America's second quarter profits were sawed in half and the consumer banking giant set aside billions of dollars to cover potentially bad loans caused by the pandemic.
BRUSSELS (AP) — There are limits to videoconferencing. When there is a lot of money at stake, people like to look each other in the eye.
NATIONAL/INTERNATIONAL POLITICS
WASHINGTON (AP) — The Republican National Committee is sharply restricting attendance on three of the four nights of its convention in Jacksonville, Florida, next month, as it looks for ways to move forward with the event while coronavirus cases are spiking in the state.
NEW YORK (AP) — President Donald Trump is adamant that he wants another four years in office. It's less clear what he would do with them.
WASHINGTON (AP) — The head of the Medicare and Medicaid programs failed to properly manage more than $6 million in communications and outreach contracts, giving broad authority over federal employees to a Republican media strategist she worked with before joining the Trump administration, a government watchdog said in a report to be released Thursday.
WASHINGTON (AP) — President Donald Trump is assailing Joe Biden for immigration proposals that Biden actually isn't proposing. Trump's account of what his Democratic presidential rival says he'd do with people in the country illegally is false in almost every detail.
WASHINGTON (AP) — President Donald Trump shook up his campaign staff amid sinking poll numbers less than four months before the election, replacing campaign manager Brad Parscale with veteran GOP operative Bill Stepien.
WEDNESDAY, JULY 15
TENNESSEE TITANS
NASHVILLE (AP) — The Tennessee Titans have agreed to a new contract with Derrick Henry, keeping the NFL rushing leader around and not playing under the franchise tag before the league deadline for an extension.
STATE GOVERNMENT
NASHVILLE (AP) — The final decision on whether to remove the bust of a Confederate general and early Ku Klux Klan leader from the Tennessee Capitol won't come this year.
NASHVILLE (AP) — Tennessee Gov. Bill Lee said Tuesday that he will do "whatever it takes in court" to defend one of the strictest abortion bans in the country currently blocked from being implemented.
COURTS
It was New Mexico's first jury trial since the pandemic crippled the U.S. criminal justice system, and defense attorney Roberta Yurcic was nervous.
WASHINGTON (AP) — Liberal interest groups are intensifying pressure on Democrats to take aggressive measures to reshape the Supreme Court, arguing the party should include such measures in its policy platform at next month's convention.
BRUSSELS (AP) — A European Union court on Wednesday delivered a hammer blow to the bloc's attempts to rein in sweetheart tax deals between multinationals and individual member countries when it ruled that technology giant Apple does not have to pay 13 billion euros ($15 billion) in back taxes to Ireland.
WASHINGTON (AP) — The Supreme Court said Wednesday that Justice Ruth Bader Ginsburg was discharged from a hospital after being treated for a possible infection.
HEALTH CARE
The nation's largest health insurer more than doubled its second-quarter profit, as COVID-19 shutdowns kept patients out of doctor's offices and off operating tables.
AUTO INDUSTRY
TOKYO (AP) — Nissan unveiled an electric crossover vehicle Wednesday, the Japanese automaker's first major all-new model since getting embroiled in the scandal surrounding its former chairman, Carlos Ghosn.
FRANKFURT, Germany (AP) — The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. Sales of battery-powered and hybrid cars have held up better than the overall market amid a deeply painful recession, mainly thanks to the action of governments.
ENVIRONMENT
WASHINGTON (AP) — President Donald Trump is expected to announce a new federal rule to speed up the environmental review process for proposed highways, gas pipelines and other major infrastructure, a move that critics are describing as the dismantling of a 50-year-old environmental protection law.
MEDIA
SEATTLE (AP) — Microsoft cut dozens of full-time staffers from its MSN news service, continuing an initiative to move away from human editors in favor of artificial intelligence.
TECHNOLOGY
NEW DELHI (AP) — Google plans to invest $4.5 billion in India's Jio Platforms Ltd, the company announced Wednesday, taking a 7.7% stake in the digital services company owned by multi-billion dollar Reliance Industries.
VIRUS OUTBREAK
NEW YORK (AP) — Walmart will require customers to wear face coverings at all of its namesake and Sam's Club stores, making it the largest retailer to introduce such a policy that has otherwise proven difficult to enforce without state and federal requirements.
MIAMI (AP) — Arizona, Texas and Florida together reported about 25,000 new coronavirus cases on Wednesday as restrictions aimed at combating the spread of the pandemic took hold in the United States and around the world in an unsettling sign reminiscent of the dark days of April.
Vanderbilt University Medical Center will begin in late July recruiting as many as 1,000 volunteers in a late-stage study of an experimental COVID-19 vaccine developed by Moderna Inc. in collaboration with the Vaccine Research Center of the National Institute of Allergy and Infectious Diseases (NIAID) of the National Institutes of Health.
WASHINGTON (AP) — Senate Majority Leader Mitch McConnell said Tuesday he'll begin to roll out details of the new COVID-19 relief package to senators as soon as next week and suggested it will include new funding for school reopenings, some unemployment benefits and money for health care providers.
NASHVILLE (AP) — For generations, school has been an opportunity for American children to learn and make friends. For many parents today, though, it's something that's elemental in a very different way: a safe place that cares for their children while they are at work — or a necessity for them to be able to work at all.
The first COVID-19 vaccine tested in the U.S. revved up people's immune systems just the way scientists had hoped, researchers reported Tuesday -- as the shots are poised to begin key final testing.
NATIONAL/INTERNATIONAL BUSINESS
NEW YORK (AP) — Markets worldwide rallied on rising hopes for a COVID-19 vaccine Wednesday, and the S&P 500 climbed back to where it was a few days after it set its record early this year.
WASHINGTON (AP) — The Federal Reserve says economic activity has picked up in most regions of the country but still remains well below pre-pandemic levels with the country facing high levels of uncertainty.
Delta Air Lines said Wednesday that it expects to take a charge of $2.7 billion to $3.3 billion to cover the cost of early retirements and buyouts for employees as it shrinks in response to a sharp decline in air travel.
WASHINGTON (AP) — Production at America's factories, utilities and mines surged last month, but remained well below pre-pandemic levels.
WASHINGTON (AP) — The Trump administration on Wednesday hardened its efforts to prevent the completion of new German-Russian and Turkish-Russian natural gas pipelines by ending sanctions exemptions for companies involved in the projects and warning they'll be subject to U.S. penalties unless they halt their work.
WASHINGTON (AP) — The Trump administration said Wednesday it will impose travel bans on employees of the Chinese technology giant Huawei and other Chinese companies the U.S. determines are assisting authoritarian governments in cracking down on human rights, including in China's western Xinjiang province.
BEIJING (AP) — China accused Britain on Wednesday of colluding with Washington to hurt Huawei after the Chinese tech giant was blocked from working on a British next-generation mobile phone network.
NEW YORK (AP) — It's been the story for many a starry-eyed creative type looking for a big break in the Big Apple — wait tables to pay the bills while auditioning, performing, singing, painting, dancing, writing, whatever it takes to make the dreams of success come true.
NATIONAL/INTERNATIONAL POLITICS
WASHINGTON (AP) — President Donald Trump signed legislation and an executive order on Tuesday that he said will hold China accountable for its oppressive actions against the people of Hong Kong, then quickly shifted his policy speech into a political one, hurling broadsides against Democratic rival Joe Biden.
TUESDAY, JULY 14
STATE GOVERNMENT
NASHVILLE (AP) — About three dozen prominent businesses with a Tennessee footprint are calling for the bust of a Confederate general and early Ku Klux Klan leader to be removed from the state Capitol.
NASHVILLE (AP) — Tennessee officials say state revenues came up $12.5 million short of projections in June amid the coronavirus pandemic.
EDUCATION
BOSTON (AP) — Facing eight federal lawsuits and opposition from hundreds of universities, the Trump administration on Tuesday rescinded a rule that would have required international students to transfer or leave the country if their schools held classes entirely online because of the pandemic.
NASHVILLE (AP) — Vanderbilt University has joined an effort to stop federal guidelines that would force international students to leave the U.S. or transfer to another college if their schools offer classes entirely online this fall.
COURTS
TERRE HAUTE, Ind. (AP) — The federal government on Tuesday carried out its first execution in almost two decades, killing by lethal injection a man convicted of murdering an Arkansas family in a 1990s plot to build a whites-only nation in the Pacific Northwest.
VIRUS OUTBREAK
NASHVILLE (AP) — Bars will continue to be closed until the end of the month in Nashville after Tennessee's capital city experienced its highest single-day increases in COVID-19 cases, Mayor John Cooper announced Tuesday.
WASHINGTON (AP) — A top member of the White House coronavirus task force said Tuesday that "none of us lie" to the public, an accusation President Donald Trump had retweeted, and that while kids need to be back in school as Trump insists, "we have to get the virus under control."
WASHINGTON (AP) — With U.S. virus cases spiking and the death toll mounting, the White House is working to undercut its most trusted coronavirus expert, playing down the danger as President Donald Trump pushes to get the economy moving before he faces voters in November.
Hour after hour in the dark, Chander Shekhar's mind raced ahead to morning.
WASHINGTON (AP) — President Donald Trump's push to reopen schools is being complicated by a split within his ranks over how to do it, with some advisers advocating for a massive federal expenditure to make campuses safe as Congress compiles the next COVID-19 relief bill.
ELECTION 2020
NASHVILLE (AP) — A Tennessee Republican running for U.S. Senate resigned from the board of a brokerage firm after the company expressed support for the Black Lives Matter movement, according to a letter from the candidate.
NASHVILLE (AP) — Voting rights groups argue that Tennessee's continued enforcement of a state law barring many first-time voters from casting absentee ballots doesn't comply with a judge's ruling that all eligible voters can vote by mail during the coronavirus pandemic.
WILMINGTON, Del. (AP) — Joe Biden released a plan Tuesday aimed at combating climate change and spurring economic growth in part by overhauling America's energy industry, with a proposal to achieve entirely carbon pollution-free power by 2035.
NATIONAL/INTERNATIONAL BUSINESS
NEW YORK (AP) — Wall Street rebounded on Tuesday, and the S&P 500 more than made up all its losses from the day before, after stocks pinballed through another day of erratic trading.
WASHINGTON (AP) — Federal Reserve Governor Lael Brainard warned Tuesday that the U.S. economy appears to be slowing after an initial burst of recovery and called for the Fed to take aggressive steps to bolster growth.
NEW YORK (AP) — With tens of millions of Americans out of work and many businesses shut down or operating under restrictions due to the coronavirus, three of the nation's biggest banks set aside nearly $30 billion in the second quarter to cover potentially bad loans that were fine only a few months ago.
WASHINGTON (AP) — U.S. consumer prices increased 0.6% in June, after three months of declines, with a big jump in gasoline prices accounting for over half of the gain.
WASHINGTON (AP) — Presidential adviser Ivanka Trump on Tuesday unveiled a White House-backed national ad campaign highlighting alternative ways to start a career, an initiative targeting students, mid-career workers and the millions who are now unemployed because of the coronavirus.
Silver Spring, Md. (AP) — Wells Fargo lost $2.4 billion in the second quarter, the first quarterly loss for the bank since the real estate crash of 2008.
Delta Air Lines lost $5.7 billion during a brutal three-month stretch in which the coronavirus pandemic brought travel to a near standstill, and any hoped-for recovery has been smothered by a resurgence of infected Americans.
NEW YORK (AP) — The coronavirus pandemic is weighing heavily on the financial health of JPMorgan Chase, as the nation's largest financial company set aside billions in the second quarter to cover potential losses from all the businesses and consumers who are unable to pay their debts due to the slumping economy.
LONDON (AP) — The British economy grew by far less than anticipated during May, dampening hopes that the recovery from what is set to be one of the country's deepest recessions in centuries will be rapid.
BEIJING (AP) — China's trade improved in June in a fresh sign the world's second-largest economy is recovering from the coronavirus pandemic. But its exporters face threats including tension with Washington and a possible downturn in U.S. and European demand.
HONG KONG (AP) — Huawei Technologies reported Tuesday that its revenue grew 13.1% in the first half of the year compared with a year earlier, despite sanctions from the U.S and challenges from the coronavirus pandemic.
MONDAY, JULY 13
STATEWIDE
NASHVILLE (AP) — Tennessee agriculture officials have doubled the reimbursement available for fruit and vegetable farmers who achieve a certification that lets them sell directly to customers.
COURTS
NASHVILLE (AP) — Tennessee Gov. Bill Lee on Monday signed one of the strictest abortion bans in the country, and a federal judge quickly blocked the measure.
NASHVILLE (AP) — A judge has ruled against some Nashville bar owners who sought a temporary restraining order against city officials in an effort to push back against coronavirus restrictions.
WASHINGTON (AP) — A federal judge on Monday demanded more information about President Donald Trump's decision to commute the prison sentence of longtime ally Roger Stone.
VIRUS OUTBREAK
NASHVILLE (AP) — Tennessee reported a record number of new virus cases on Monday with 3,314, according to the Tennessee Department of Health.
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom on Monday extended the closure of bars and indoor dining statewide and ordered gyms, churches and hair salons closed in most places as coronavirus cases keep rising in the nation's most populated state.
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the national and global response, the work place and the spread of the virus.
ST. PETERSBURG, Florida (AP) — The United States was grappling with the worst coronavirus outbreak in the world on Monday, as Florida shattered the national record for a state's largest single-day increase in new confirmed cases.
WASHINGTON (AP) — President Donald Trump's aides are misrepresenting the record on kids and the coronavirus as they push for schools to reopen.
NATIONAL/INTERNATIONAL BUSINESS
WASHINGTON (AP) — The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
NEW YORK (AP) — Wall Street got a painful reminder that the coronavirus pandemic isn't going away, and a big early gain for stocks suddenly flipped to losses after California showed how it's still scarring the economy.
NEW YORK (AP) — Computer chip maker Analog Devices is buying Maxim Integrated in an all-stock deal that will create a company worth about $68 billion, and strengthens its position in the analog semiconductor sector.
SAN FRANCISCO (AP) — The chief executive of a California technology company resigned after the release of a video showing him using vulgar and racist language toward an Asian family at a restaurant.
ELECTION 2020
NASHVILLE (AP) — Nearly 3,000 people have signed up to be poll workers during the coronavirus pandemic for the Aug. 6 primary, and many Tennessee counties still need more, officials said Monday.
WASHINGTON (AP) — The demand for mail-in ballots is surging. Election workers need training. And polling booths might have to be outfitted with protective shields during the COVID-19 pandemic.
WASHINGTON (AP) — The Republican National Committee and President Donald Trump's campaign say they have now hired 1,500 field staffers, aiming to convert their financial advantage over Democrats into votes in November.
NATIONAL/INTERNATIONAL POLITICS
WASHINGTON (AP) — U.S. officials say the Trump administration is poised to escalate its actions against China by stepping squarely into one of the most sensitive regional issues dividing them and rejecting outright nearly all of Beijing's significant maritime claims in the South China Sea.
WASHINGTON (AP) — Despite a barrage of criticism from both Democrats and Republicans, the new chief of U.S. global media is plowing ahead with changes to the Voice of America and other international broadcasters that are heightening concerns about their future as independent news organizations.
FRIDAY, JULY 10
STATEWIDE
NASHVILLE (AP) — President Donald Trump on Thursday declared a major disaster in parts of Tennessee affected by severe storms, straight-line winds and flooding on May 3 and May 4.
MUSIC INDUSTRY
Singer Anita White, who was sued by a country group over the use of the name Lady A, says the group is using their white privilege against her.
COURTS
NASHVILLE (AP) — A Tennessee inmate is suing the state Supreme Court in hopes of delaying his Aug. 4 execution.
WASHINGTON (AP) — Justice Clarence Thomas spoke and Chief Justice John Roberts ruled.
NASHVILLE (AP) — The former CEO of a Tennessee pain management company has been sentenced to three years and six months in federal prison for his role in a $4 million Medicare kickback scheme.
EDUCATION
Leaders of 12 Christian organizations on Friday urged the Trump administration to rescind a policy requiring international students to leave the U.S. or transfer if their colleges hold classes entirely online this fall, saying it "falls short of American ideals."
PHOENIX (AP) — International students worried about a new immigration policy that could potentially cost them their visas say they feel stuck between being unnecessarily exposed during the coronavirus pandemic and being able to finish their studies in America.
AUTO INDUSTRY
DETROIT (AP) — Electric vehicle startup Rivian says it has raised another $2.5 billion in funding from accounts advised by investment firm T. Rowe Price.
TECHNOLOGY
Amazon has told employees to delete the popular video app TikTok from phones on which they use Amazon email, citing security risks from the China-owned app, according to reports and posts by Twitter users who said they were Amazon employees.
VIRUS OUTBREAK
WASHINGTON (AP) — The White House seating chart spoke volumes. When the president convened a roundtable this week on how to safely reopen schools with coronavirus cases rising, the seats surrounding him were filled with parents, teachers and top White House officials, including the first and second ladies.
NASHVILLE (AP) — A laboratory processing Nashville coronavirus tests did not report 312 positive results to the city for weeks, the Tennessean reported.
CHATTANOOGA (AP) — The city of Chattanooga plans to keep testing local wastewater for the prevalence of COVID-19 into 2021 after a study in May that showed thousands more cases of the virus than what was reported by local health officials, the Chattanooga Times Free Press reported.
NATIONAL/INTERNATIONAL BUSINESS
NEW YORK (AP) — Optimism returned to Wall Street on Friday, and stocks rallied to cap a shaky week dogged by worries that rising coronavirus counts may halt the economy's recent upswing.
WASHINGTON (AP) — The Federal Reserve said Friday that it purchased $1.3 billion in corporate bonds in late June as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds.
NEW YORK (AP) — The U.S. Roman Catholic Church used a special and unprecedented exemption from federal rules to amass at least $1.4 billion in taxpayer-backed coronavirus aid, with many millions going to dioceses that have paid huge settlements or sought bankruptcy protection because of clergy sexual abuse cover-ups.
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus.
WASHINGTON (AP) — U.S. wholesale prices fell 0.2% in June as food costs dropped sharply, offsetting a big increase in energy prices.
BILLINGS, Mont. (AP) — After a U.S. energy boom and strong backing from President Donald Trump propelled a major expansion of the nation's sprawling oil and gas pipeline network, mounting political pressures and legal setbacks have put its future growth in doubt even as the pandemic saps demand for fuel.
NATIONAL/INTERNATIONAL POLITICS
WASHINGTON (AP) — Apocalyptic images of blazing buildings and window-smashing protesters pop on the TV screen as a caller to a 911 emergency line reaches voicemail. The computer offers to take reports of rapes, murders or home invasions, adding, "Our estimated wait time is five days."
WASHINGTON (AP) — President Donald Trump won the White House on the promise of bringing a conservative shift to the Supreme Court. But this year and last, even with two justices Trump hand-picked, the court has shown it is no rubber stamp for him or his administration's policies. That's drawn the president's ire and teed up a renewed battle over the court as Trump seeks political advantage ahead of November's election.
WASHINGTON (AP) — President Donald Trump's campaign reboot is getting a reboot.
THURSDAY, JULY 9
NASHVILLE AREA
NASHVILLE (AP) — Nashville's school year will start off virtually instead of in person due to the growing spread of COVID-19, local school officials announced Thursday.
NASHVILLE SC
Nashville SC has withdrawn from Major League Soccer's MLS is Back tournament in Florida after nine players tested positive for the coronavirus, the league announced Thursday.
ELECTION 2020
NASHVILLE (AP) — Tennessee's elections coordinator says all 95 counties have updated their websites or written materials to reflect a judge's ruling that every eligible voter can choose to vote by mail during the coronavirus pandemic.
DUNMORE, Pa. (AP) — Democrat Joe Biden turned his campaign against President Donald Trump toward the economy Thursday, introducing a New Deal-like economic agenda while drawing a sharp contrast with a billionaire incumbent he said has abandoned working-class Americans amid cascading crises.
STATE GOVERNMENT
NASHVILLE (AP) — A Tennessee panel voted Thursday to recommend the bust of a Confederate general and early Ku Klux Klan leader be moved from the state Capitol into the state museum, casting the first of two votes needed to make the move happen.
COURTS
WASHINGTON (AP) — The U.S. District Court judge who oversaw the criminal case of President Donald Trump's former national security adviser Michael Flynn has requested a full appeals court review after a three-judge panel ordered him to dismiss it.
WASHINGTON (AP) — Rejecting President Donald Trump's complaints that he's being harassed, the Supreme Court ruled Thursday in favor of a New York prosecutor's demands for the billionaire president's tax records. But in good political news for Trump, his taxes and other financial records almost certainly will be kept out of the public eye at least until after the November election.
WASHINGTON (AP) — The Supreme Court ruled Thursday in two cases involving access to President Donald Trump's financial records. The cases were the last to be released of the high court's term, which dragged into July because of the coronavirus pandemic.
WASHINGTON (AP) — The Supreme Court ruled Thursday that a large chunk of eastern Oklahoma remains an American Indian reservation, a decision that state and federal officials have warned could throw Oklahoma into chaos.
ENVIRONMENT
RIO DE JANEIRO (AP) — Brazil's government on Thursday proposed that global asset-managers adopt protected areas in the Amazon rainforest in order to curb illegal deforestation ahead of the season farmers traditionally use fire to clear land and brush.
VIRUS OUTBREAK
WASHINGTON (AP) — Despite President Donald Trump's sharp criticism, federal guidelines for reopening schools are not being revised, the head of the Centers for Disease Control and Prevention said Thursday.
BELGRADE, Serbia (AP) — Asian and European officials pleaded with their citizens Thursday to respect modest precautions as several countries saw coronavirus outbreaks accelerate or sought to prevent new flare-ups, while the virus showed no signs of slowing its initial advance in Africa and the Americas.
NATIONAL/INTERNATIONAL BUSINESS
WASHINGTON (AP) — The U.S. economy is stumbling as the viral outbreak intensifies, threatening to slow hiring and deepening the uncertainty for employees, consumers and companies across the country.
NEW YORK (AP) — Most of Wall Street wilted Thursday on worries that the economy's recent improvements may be set to fade as coronavirus cases keep climbing.
WASHINGTON (AP) — More than 1.3 million Americans applied for unemployment benefits last week, a historically high pace that shows that many employers are still laying people off in the face of a resurgent coronavirus.
NEW YORK (AP) — Like that last roll of ultra-thin toilet paper left on the shelves or the latest Star Wars movies, it's tough to be disappointed in something when expectations were low to begin with. That's how Wall Street is approaching the upcoming earnings season for companies.
BRUSSELS (AP) — Ireland's Paschal Donohoe was elected Thursday to head the finance group of the powerful bloc of 19 nations using Europe's single currency, beating out challengers from Luxembourg and Spain.
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global response, the work place and the spread of the virus.
The coronavirus pandemic pushed Walgreens to a $1.7 billion loss it the most recent quarter with customers staying home or limiting shopping to essential supplies from grocery stores.
Boston (AP) — The coronavirus pandemic has been a rollercoaster for state lotteries across the country, with some getting a boost from the economic downturn and others scrambling to make up for revenue shortfalls.
NATIONAL/INTERNATIONAL POLITICS
LONDON (AP) — The U.K.'s Treasury chief acknowledged Thursday that the country faced unprecedented economic times, entering one of the most severe recessions it has ever seen as it emerges from the COVID-19 pandemic.
WASHINGTON (AP) — Top Pentagon leaders told Congress on Thursday that reports of Russia offering Taliban militants bounties for killing Americans were not corroborated by defense intelligence agencies, but said they are looking into it and the U.S. will respond if necessary.
WASHINGTON (AP) — The ousted U.S. attorney who was leading investigations into President Donald Trump's allies told the House Judiciary panel on Thursday that Attorney General William Barr "repeatedly urged" him to resign during a hastily arranged meeting that sheds light on the extraordinary standoff surrounding his departure.
WASHINGTON (AP) — Defense Secretary Mark Esper on Thursday defended using National Guard soldiers to support law enforcement agencies in handling civil unrest triggered by the killing of George Floyd, saying it was a better alternative than using active-duty forces as President Donald Trump had threatened.
WASHINGTON (AP) — The United States on Thursday imposed sanctions on three senior officials of the Chinese Communist Party, including a member of the ruling Politburo, for alleged human rights abuses targeting ethnic and religious minorities that China has detained in the western part of the country.
NEW YORK (AP) — President Donald Trump's former personal lawyer and fixer, Michael Cohen, was returned to federal prison, weeks after his early release to serve the remainder of his sentence at home because of the coronavirus pandemic, the federal Bureau of Prisons said Thursday.
WASHINGTON (AP) — President Donald Trump's campaign team is misrepresenting Democratic rival Joe Biden's stance on improving police practices following George Floyd's death.