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Business & Finance

Trump’s tariffs add to pandemic-induced turmoil of U.S. manufacturers

spike 1 year ago

CHICAGO (Reuters) – Dan Digre, head of MISCO Speakers, was on edge before the coronavirus outbreak hit the global economy. Payment of hundreds of thousands of dollars in Chinese tariffs had wiped out the profit and dwindled the cash balance of the Minnesota-based loudspeaker maker.

FILE PHOTO: Containers are loaded onto a ship, as the global outbreak of the coronavirus disease (COVID-19) continues, in the Port of Los Angeles, California, U.S., April 16, 2020. REUTERS/Lucy Nicholson/File Photo

Now Digre is grappling with dropping sales and payment delays. With cash ever harder to come by, he must cough up the money

Business & Finance

Take Five: Trade War II

spike 1 year ago

(Reuters) – 1/THIRD LAW OF TARIFFS

FILE PHOTO: Passersby wearing protective face masks, following an outbreak of the coronavirus, are reflected on a screen displaying stock prices outside a brokerage in Tokyo, Japan March 6, 2020. REUTERS/Issei Kato

China’s exports rebound has been quickly overshadowed by dire predictions of Trade War II between the world’s two biggest economies.

Markets are hoping Donald Trump’s threats to penalise China for COVID-19 are pandering to Americans’ fear of China during an election year. After all, neither side can afford to further knock business confidence at a time when the world faces the worst

Financial

Stock futures rise, rebounding from two days of steep losses

spike 1 year ago

U.S. stock futures pointed to gains at the open on Wednesday, following recent weakness in markets aggravated by oil’s massive decline.

Dow futures rose 110 points, indicating a gain of about 0.6{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} at the open. The S&P 500 and Nasdaq Composite were also slated to open higher, with gains of 0.5{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} and 0.8{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}, respectively. U.S. oil’s June futures contract rebounded in evening trading, popping 10{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} to above $12 a barrel.

Helping sentiment, Senate Republicans and Democrats passed on Tuesday evening a $484 billion coronavirus relief package for small businesses, hospitals and testing. The House could approve the bill as

Business News

Coronavirus saliva tests could be as accurate or better than nasal swabs, Yale researchers say

spike 1 year ago

A doctor wearing personal protective equipment (PPE) places a saliva swab into a test tube for analysis during coronavirus symptom tests in the coronavirus outpatient clinic at the Paracelsus Clinic in Zwickau, Germany, on Thursday, April 2, 2020.

Krisztian Bocsi | Bloomberg via Getty Images

Saliva tests for Covid-19 could be at least as accurate — possibly more so — than the commonly used nasal swab tests in screening for the coronavirus, new research from Yale University shows.

The researchers said their findings suggest that saliva samples could be used for at-home coronavirus tests on a large scale nationally.

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