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Trump’s Hot-Button Fed Pick Faces Senate Committee Vote This Week

WASHINGTON — Judy Shelton, an unorthodox economist who was an adviser to President Trump’s 2016 campaign, could move one step closer to a seat on the Federal Reserve’s Board of Governors this week.While her fate is far from guaranteed, the Senate Banking Committee is expected to approve Ms. Shelton’s nomination on Tuesday, putting her one simple-majority vote in the full Senate away from confirmation at a moment when the central bank is employing vast powers that she has a track record of questioning.Opponents of Ms.…

San Francisco mayor pauses reopening indefinitely as coronavirus cases climb

Zoe looks for a little handout from diners on Grant Street in a makeshift outdoor dining area bounded by steel barricades in San Francisco, Calif., on Tuesday, June 16, 2020.Carlos Avila Gonzalez | The San Francisco Chronicle via Getty ImagesSan Francisco Mayor London Breed announced Friday that the city will pause its reopening plan "indefinitely" and plans to close indoor malls and non-essential offices next week as the coronavirus continues to spread throughout the state. Breed said that San Francisco County has been…

A massive heat dome is hitting most of U.S. with higher than 90 degree heat this weekend

People play in the spray from the fire hydrant. At the 3rd and Spruce Recreation Center in Reading Wednesday afternoon June 24, 2020 for the first Wacky Water Wednesday.Ben Hasty | Reading Eagle | Getty ImagesAn intensifying heat dome is bringing sweltering heat to the U.S. this summer, with nearly 90% of the country's population set to experience higher than 90 degree Fahrenheit temperatures this weekend.Areas in Oklahoma hit heat indexes of over 115 degrees this week and New Orleans hit indexes of more than 120 degrees. In…

With wave of mask requirements, Walmart and other retailers face challenge: How to enforce the rules

A wave of U.S. companies said this week that they'll require customers to wear masks or face coverings in their stores. That includes some of the biggest names in retail: Walmart, Kroger, Target, Best Buy, CVS Health, Home Depot and Lowe's.Now those companies and their employees will face another challenge: getting customers to comply.Walmart, the nation's largest retailer, said starting Monday, an employee dubbed a "health ambassador" will wear a black polo uniform and stand by the door. Some retailers, such as…

How to Save a Half-Open Economy

When states began to order businesses to close and residents to stay home as the coronavirus outbreak spread, economists likened the policy to a medically induced coma: shutting down all but the most vital functions to focus on the underlying affliction.Now the patient is awake, but the malady remains.A surge in coronavirus cases has forced several states to reimpose restrictions and dashed hopes of a rapid economic rebound. But a widespread return to the shutdown policies that dominated in March and April seems…

Coronavirus live updates: U.S. cases spiking as U.K. warns of what could go wrong

The U.S. reported another record one-day spike in new cases on Thursday as outbreaks continue to worsen across the country, particularly in Texas, Florida and California. The following data was compiled by Johns Hopkins University:Global cases: More than 13.83 millionGlobal deaths: At least 590,600U.S. cases: More than 3.57 millionU.S. deaths: At least 138,300 Published at Fri, 17 Jul 2020 11:45:30 +0000-Coronavirus live updates: U.S. cases spiking as U.K. warns of what could go wrong

These charts show why studios are likely to delay ‘Tenet’ and ‘Mulan’ again

A pedestrian walks past a shuttered movie theater, with the message 'Stay Safe and Healthy' displayed on the marquee, on March 19, 2020 in Los Angeles, California.Mario Tama | Getty ImagesMovie theaters shut down when Covid-19 cases were topping 20,000 a day in March. Now, they are trying to reopen when cases are over 60,000 a day.Movie theater operators are feeling the pressure to reopen as rent costs pile up. The hope for AMC, Regal, Cinemark and others is that they will be able to resume business by the end of…

CDC bans U.S. cruises through September, citing ‘ongoing’ coronavirus outbreaks on ships

A man navigates his boat next to Cruise Ships docked at the port of Long Beach during the COVID-19 Coronavirus pandemic on April 11, 2020 in Long Beach, California.Apu Gomes | Getty ImagesThe Centers for Disease Control and Prevention on Thursday extended its ban on passenger cruising from U.S. ports through Sept. 30, citing "ongoing" coronavirus outbreaks aboard ships.The CDC's no-sail order was previously due to expire on July 24. The Cruise Line International Association, which represents the largest cruise lines in the…

Netflix eager to restart production, has enough new content for 2020

A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019.Jaap Arriens | NurPhoto | Getty ImagesWhile streamers have benefited from the influx of consumers stuck at home, platforms like Netflix are not immune to the woes of film and TV production shutdowns.For now, streaming platforms have been able to meet consumer demand for content, but there are fears that if production doesn't ramp up over the next few months, there will be a noticeable lack…

China’s Economy Rebounds From Coronavirus, but Shares Fall

BEIJING — Economies in Europe and the United States are still languishing as the pandemic forces cities to shut down and shoppers to stay home. But one major country is growing once again: China.The world’s second-largest economy expanded 3.2 percent from April through June compared to the same period last year, Chinese officials said on Thursday. It was an abrupt turnaround from the January through March quarter, when the economy shrank 6.8 percent, the first contraction that China has acknowledged in nearly half a…