The coronavirus pandemic is far from over, and many states that have reopened recently are seeing surges in the number of COVID-19 cases. A second wave of the pandemic could affect your retirement plans, so it's a good idea to have a strategy in place now for how COVID-19 could influence your senior years. Because Social Security benefits will likely be an integral part of your retirement plan, it's important to make these crucial moves before you retire.
An excerpt from the Hidden Value Stocks June 2020 Issue, featuring an interview with Andrew Oskoui, the portfolio manager and founder of Blue Tower Asset Management. Interview One – Andrew Oskoui: Blue Tower Asset Management Andrew Oskoui, CFA, is the portfolio manager and founder of Blue Tower Asset Management. Blue Tower combines quantitative and value philosophies by […]
This year's virtual Comic-Con@Home has announced its schedule for Saturday, July 25. The highlights are below. The virtual event replaces the annual San Diego Comic-Con, the largest fan convention in North America, which was to be held July 22–26 at the San Diego Convention Center, until the COVID-19 pandemic forced its cancellation. In June, Comic-Con […]
Singapore's ruling party is stung by its worst ever election results on Saturday (July 11). The People's Action Party - PAP- signaled a possible delay to its meticulous succession plans. Here's Prime Minister Lee Hsien Loong. "On the outcome of the election, the popular vote is 61.2 percent, we won 83 seats out of 93, we have a clear mandate. But the percentage of the popular vote is not as high as I had hoped for." He added the results showed "a clear desire for a diversity of voices." Singapore's politics have been defined by stability and predictability. Dominated by PAP since its independence in 1965, it has been crucial in developing the city-state into a global financial hub. Lee is the son of Singapore's founding leader Lee Kuan Yew, who had said he was preparing to hand over the reins to the new generation of leaders in coming years. However, his designated successor, Deputy Prime Minister Heng Swee Keat, scraped through with 53% of the vote in his constituency in the first real test of his popularity. With an overwhelming parliamentary majority, the PAP rarely has to court public opinion on policy or government plans. Heng had been selected by his peers as a future leader in a secretive process compared to how cardinals pick a pope.
(Bloomberg) -- Florida’s daily Covid-19 deaths increased, though the pace of new infections slowed. A proposal by scientists for blood-plasma inoculations against the coronavirus is languishing, the Los Angeles Times reported.U.S. military facilities in Okinawa have found at least 50 cases, NHK said. New infections in Tokyo exceeded 200 for a third straight day, Kyodo reported. Masked fans returned to baseball in Japan, making the country among the first to restart major sport with spectators.A vaccine may be two years away, if one is ever found, and low levels of infection may become a part of life, Australia’s deputy chief medical officer said.Key Developments:Global Tracker: Cases top 12.5 million; deaths surpass 560,000Aversion to mask-wearing holds back U.S. economyWall Street forges a new relationship to data in coronavirus ageShake Shack’s Danny Meyer took PPP loans after allHeat wave drives people inside in Covid’s hottest hot spotsMasked fans return to baseball in JapanWuhan shows the world how economies may recoverSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click VRUS on the terminal for news and data on the coronavirus.Florida Lowers Death Toll After Error (12:15 p.m. NY)Florida’s health department lowered the state’s daily Covid-19 deaths after initially reporting a record toll. Deaths among state residents increased by 95, two more than reported Friday and fewer than the record 120 deaths recorded Thursday.The number of 188 new deaths reported on the department’s website earlier Saturday erroneously combined two days of data, the agency’s media office said by email.Cumulative cases reached 254,511, an increase of 10,360 or 4.2%, less than the previous 7-day average of 4.6%. The median age in Florida for people who have contracted the virus, which never rose to more than 37 last week, was steady at 40.New York Cases Remain Steady (11:24 a.m. NY)New York reported 730 new virus cases, in line with the seven-day average increase of 0.2% Once the center of the outbreak in the U.S., New York’s infection rate remains significantly below that of most states, even amid a cautious reopening.The state reported six new deaths compared with eight reported the day before. At the height of the outbreak in New York in mid-April, 799 people were reported dead in a single day. The number of patients currently hospitalized for the virus fell to 799, from 826 the day before, Governor Andrew Cuomo said in a tweet.Plasma Shot Stymied, Scientists Tell LA Times (10 a.m. NY)Scientists say an upper-arm shot using the antibody-rich blood plasma of Covid-19 survivors could inoculate people against the virus for months, but federal officials and companies aren’t enthusiastic about the proposal, according to the Los Angeles Times.The dispute is over the timing, rather than the promise of the idea. Plasma-based therapies should focus on treating people who are already sick, not on prevention, federal health officials and industry groups told the newspaper. Anthony Fauci said the idea is an “attractive concept” but scientists need to first prove it’s effective for current patients. Companies are reluctant to invest in a product that could soon be replaced by a vaccine, advocates for the immunity shots told the LAT.Croatian Cases Climb 4% (8:30 a.m. NY)Croatia reported 140 infections on Saturday, the highest daily toll. The number of total infections to date grew to 3,672 and 118 deaths, with one patient dying in the last 24 hours.Slovenia confirmed 34 cases on Friday, the most since mid-April, bringing the total number of infected to 1,793. Bosnia and Herzegovina had more than 300 new cases for the second day in a row. The total confirmed cases stand at 6,719, with 219 deaths.Cases in Serbia rose to 18,073. Police in the capital Belgrade detained more than 70 protesters who tried to storm the parliament building late Friday as anti-government demonstrations triggered earlier this week over a planned virus curfew lapsed into violence again.Qatar Air Makes Virus Test Mandatory (8:19 a.m. NY)Qatar Airways said all passengers from Pakistan must show they were tested for Covid-19 within 72 hours of their flight departure and present a negative result.The mandatory pre-flight requirement will take effect Monday, a Qatar Airways spokesperson said in an email on Saturday. Qatar Airways currently operates services to the Pakistani cities of Islamabad, Karachi, Lahore and Peshawar. Pakistan has more than 246,000 reported cases, the highest in Asia after India. Cases in Qatar rose by 498 to more than 103,000.Iran Cases Rise 1%, in Line With 7-Day Average (7:30 a.m. NY)Iran’s fatalities rose to 12,635 with 188 more deaths from the virus in the past 24 hours, up from 142 the day before. The number of infections surpassed 255,000 as the country recorded 2,397 new cases overnight, up from 2,262 on Friday. Some 217,000 people have recovered and 3,338 patients are in intensive care units.Oman reported more than 1,000 new infections for a 12th day, bringing the total to 54,697.U.S. Bases in Okinawa Find More Than 50 Cases: NHK (5:15 p.m. HK)U.S. military facilities in Okinawa, including Marine Corps Air Station Futenma and Camp Hansen, have found a total of at least 50 coronavirus cases, NHK reported Saturday, citing unidentified people. NHK cited Okinawa Governor Denny Tamaki as saying many new virus cases have been confirmed at the bases.Okinawa Gov. Denny Tamaki questioned disease prevention measures taken by the U.S. military and renewed his demand for transparency at a news conference, the Associated Press reported.Virus Spreads Fastest in Cooler Temperatures: Telegraph (5 p.m. HK)Coronavirus spreads fastest at 4 degrees Celsius (39 Fahrenheit), U.K. government scientists said, adding to concern about a winter resurgence, the Telegraph reported. The Scientific Advisory Group for Emergencies is thought to be focusing on the precise temperature as Melbourne, which is currently in its coldest month, went into a six-week lockdown due to a spike in cases.Russian Case Increase in Line With Past Week (3:37 p.m. HK)Russia reported 6,611 new confirmed coronavirus infections in the past day, in line with increases in the past week, raising the total to 720,547, according to data from the Russian government’s virus response center. Almost 27% of new cases were asymptomatic. In the past day 188 people died of the disease, bringing total death toll to 11,205.Slovenia confirmed 34 new coronavirus infections on Friday, the most since mid-April, bringing the total number of infected to 1,793. The number of fatalities remains at 111.German Infection Rate Rises Slightly (2:28 p.m. HK)Germany’s coronavirus cases rose by 331 while the death rate held steady, according to data from Johns Hopkins University. Deaths increased by 6 to 9,063, a smaller increase than most days since the beginning of March.The reproduction factor -- or R value -- rose slightly to 0.80, according to the latest estimate by the Robert Koch Institute, Germany’s health body. That’s under the key threshold of 1.0, seen as crucial to preventing a second wave of infections.Tokyo Finds 206 New Cases: Kyodo (2:02 p.m. HK)Tokyo confirmed 206 new cases of coronavirus, Kyodo reported Saturday, citing unidentified people. The number of new cases exceeded 200 for the third straight day, but fell short of Friday’s daily record of 243.Hong Kong Adds at Least 20 Cases: SCMP (1:53 p.m. HK)Hong Kong confirmed at least 20 new coronavirus cases on Saturday, the South China Morning Post reported, citing a medical source. It’s not yet known how many of Saturday’s cases were locally transmitted, the SCMP said. On Thursday, the city recorded 34 locally transmitted infections, the most in a single day since the pandemic began.In response, the government reintroduced social restrictions that cap restaurant capacity at 60% and limit eight people to a table.Australia Warns of Two-Year Vaccine Wait (1:21 p.m. HK)Australia’s Deputy Chief Medical Officer Nick Coatsworth said a vaccine may not be available for between 18 and 24 months and the country must be able to keep the virus under control at low levels. “We need to prepare for a world without a vaccine,” he said at a media conference Saturday.Mask-wearing will be critical to reopening Australia’s second-most populous state as it seeks to curb a second wave of infections, Victoria Premier Daniel Andrews said earlier.Two million masks will be ordered and distributed to “priority groups,” he said Saturday. The state recorded 216 new cases and one death in the past 24 hours, and he urged Victorians to stay home this weekend as much as possible.Emirates to Cut 9,000 Jobs, BBC Reports (11:08 a.m. HK)Emirates Airlines plans to cut 9,000 jobs because of the coronavirus outbreak, BBC reported, citing airline President Tim Clark.The company had 60,000 employees before the pandemic, the BBC said. The airline plans to increase job cuts to as much as 15% of its workforce, having already reduced employee numbers by 10%, Clark told the news service.South Korea New Cases Fall (9:29 a.m. HK)South Korea reported 35 more cases in 24 hours, raising the total tally to 13,373. There no additional deaths, leaving the total at 288, the Korea Centers for Disease Control & Prevention said.The country reported 45 new cases of infection on July 10 and one additional death.Japan’s Contact-Tracing App Fails (8:49 a.m. HK)Japan’s health ministry suspended the registration of positive cases on its contact-tracing smartphone app Cocoa as it worked to fix an error that left some people unable to enter their information.The ministry aims to get the feature running again next week, according to a statement. The ministry encouraged users to keep using the app, which had 6.5 million downloads across iOS and Android phones as of Friday evening.Texas Hits Milestone (5:35 p.m. NY)More than 10,000 people were hospitalized with Covid-19 in Texas Friday, the first time the state has reached that benchmark. Cases there jumped by 9,765, an increase of 4.2% compared with the seven-day average of 3.9%. The state has added close to 10,000 cases for each of the last four days, and deaths have begun to spike in tandem, with another 98 fatalities exceeding the seven-day average.Governor Greg Abbott stepped up efforts to encourage people to wear masks, making the rounds of local television stations to warn that deaths are likely to rise in coming days.California to Release Prisoners (4:30 p.m. NY)California plans to release about 7% of its prison population, roughly 8,000 non-violent offenders, to relieve pressure on a chronically overcrowded correctional system that’s now struggling with a spike in coronavirus cases.The move will enable prisons to maximize available space to implement physical distancing, isolation and quarantine efforts, the California Department of Corrections and Rehabilitation said in a statement. It estimated that about 8,000 currently incarcerated people could be eligible for release by the end of August.U.S. Cases Rise 1.9% (3:55 p.m. NY)U.S. cases rose by 59,782 from a day earlier to 3.14 million, according to data collected by Johns Hopkins University and Bloomberg News. The 1.9% jump matched the average daily increase over the past week. Deaths rose 0.7% to 133,677.California Has Second-Deadliest Day (2:21 p.m. NY)California reported 140 new virus deaths, second only to the 149 reported Thursday as the most yet for the pandemic. The 14-day average is 75, according to state health data.Total confirmed cases rose by 7,798, or 2.6%, pushing California’s total infections to 304,297. While the gain was less than the 3% average over the past seven days, the state’s outbreak has been accelerating: Infections have exceeded 300,000 just two weeks after crossing the 200,000 milestone.(Florida health department corrects latest death toll.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Investors began discussing the possibility after a job posting surfaced this week advertising a position within a business unit named Gryphon that is building a “subscription platform.”
With so many people staying home during the COVID-19 pandemic and needing to entertain themselves, Netflix (NASDAQ: NFLX) has emerged as an inadvertent beneficiary of the public health crisis. Goldman Sachs released a bullish note on Friday, reiterating a conviction buy rating on the stock. The analyst believes that Netflix enjoyed record quarterly app downloads in the second quarter, with year-over-year growth in downloads hitting the highest levels since early 2016.
7-Eleven's annual Free Slurpee Day has been canceled, Chick-fil-A Cow Appreciation Day postponed and the July Tax Day isn't a day of free food.
A hearing at the SEC showed that any moves would be complicated—even as there is momentum for more transparency and a tougher stance against China—and would likely take time.
Movie theater owners fret as Hollywood studios hold off on new releases amid the COVID-19 pandemic: "If we go a year without new movies, it's over."
USC announced on Friday that its School of Cinematic Arts will remove an exhibit dedicated to John Wayne after student protests regarding the actor's racist past. Wayne attended USC on a football scholarship in the 1920s and the exhibit honoring him was created in 2012. Controversy has been brewing for years over his 1971 interview […]
“The Most Magical Place on Earth” has reopened after nearly four months with new rules in place to help prevent the spread of COVID-19.
The FDA has expanded the number of hand sanitizers to avoid because they may contain the toxic substance methanol. Some have also been recalled.
New York, July 11, 2020 -- Reportlinker.com announces the release of the report "Global Direct-to-Consumer (DTC) Genetic Testing Industry" -.
A review of data from the U.S. government's Payroll Protection Program showed that more than half of the firms who sought and received funding were focused on development or financial services.The post Development firms, financial services accounted for more than half of industry PPP loan applicants appeared first on The Block.
Germany's 16 states are planning to take on 95 billion euros ($107 billion) in new debt as part of their spending efforts to cushion the economy from the worst of the coronavirus shock, Der Spiegel magazine reported on Saturday. The borrowing comes on top of the 218.5 billion euros of debt the Federal Government plans to issue to help finance support to an economy that is expected to shrink more than 6% this year because of the crisis and lockdowns. Der Spiegel calculated, after surveying regional finance ministries, that Germany's states, which enjoy wide autonomy under the country's highly devolved system of governance, were taking on an additional 95 billion euros in debt.
Musk's wealth grew by $6.1 billion to about $70.5 billion total Friday while Buffett's wealth has decreased about $20.1 billion since last year to $69.2 billion, the Bloomberg Billionaires Index shows.