EconomyMar 13, 2020 10:21AM ET WASHINGTON (Reuters) – U.S. consumer sentiment fell in early March as households responded to the coronavirus pandemic and steep declines in stock market prices, a survey showed on Friday. The University of Michigan said its consumer sentiment index fell 5.0% to a reading of 95.9. […]
Can You Calculate Pi by Drawing a Circle?
If you think about it, pi is really weird. This irrational number shows up in the craziest places. If you swing a mass back and forth on a string, there’s a pi in there. It pops up in the Heisenberg uncertainty principle, Einstein’s general relativity, and the interaction between two […]
U.S. import prices post biggest drop in six months
Economic Indicators7 hours ago (Mar 13, 2020 09:12AM ET) (C) Reuters. An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle WASHINGTON (Reuters) – U.S. import prices fell by the most in six months in February as the cost of […]
Twitter and Facebook Must Not Allow Trump’s Covid-19 Lies
But now we are in a different phase: The verbiage from the Orange Man in the White House has regularly involved misleading assurances about a lethal pandemic. If heeded, those words have the potential to increase people’s chances of being exposed to a disease that may kill them. I don’t […]
Investors hope Fed can help calm markets as big rate cut expected
By Lewis Krauskopf NEW YORK (Reuters) – Interest rate cuts won’t cure the coronavirus but investors are still hoping the Federal Reserve can take some actions to help soothe the roiled stock market. Only days after a rare emergency rate cut, the Fed is expected at its regularly scheduled meeting […]
Data Sharing and Open Source Software Help Combat Covid-19
On February 27, a teenager in the Seattle area was diagnosed with Covid-19. Shortly after, researchers at the Seattle Flu Study shared genomic data about his strain of the virus with other researchers on an “open science” site. Armed with that data, researchers involved with a second open science project […]
Japan regulators mull on-site monitoring to push shift from Libor, document shows
Economic Indicators3 hours ago (Mar 12, 2020 11:56PM ET) Japan regulators mull on-site monitoring to push shift from Libor, document shows TOKYO (Reuters) – Japan is considering on-site monitoring for financial firms to push migration from Libor, according to the results of a regulatory survey seen by Reuters, as the […]
Wall Street dazed and confused after worst day since 1987
By Noel Randewich SAN FRANCISCO (Reuters) – As trading ended on Thursday in Wall Street’s worst day for three decades, shell-shocked investors had no idea how much further the market was likely to fall as the coronavirus pandemic spread fear of a global recession. A 16-day drop of almost 27% […]
Congress Needs to Get Its Act Together on the Coronavirus
Last night, after Donald Trump’s head-scratching Oval Office address about the novel coronavirus, the nation’s capital was hit with another piece of disquieting news: a staffer for Washington senator Maria Cantwell had tested positive for the virus. It was hardly the highest-profile new case to emerge yesterday–that would be Tom […]
U.S. Labor Department allows jobless benefits for coronavirus
Economic Indicators13 hours ago (Mar 12, 2020 02:36PM ET) U.S. Labor Department allows jobless benefits for coronavirus (Reuters) – The U.S. Labor Department on Thursday gave states flexibility to amend their laws to provide unemployment benefits in events related to the coronavirus in an effort to limit the damage on […]