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Plunge


Los Angeles and San Francisco are leading the way toward a broader reopening of California businesses. Both cities have met virus case thresholds for the least-restrictive yellow tier, according to the latest update on the state’s COVID-19 dashboard. The move will allow indoor bars to reopen, larger crowds to cheer on Major League Baseball’s Dodgers …

lechatnoir / Getty Stock in Uber is down more than 6 percent after President Joe Biden’s new labor secretary, Marty Walsh, told Reuters that drivers are employees under US labor law. Stock in Lyft, whose business is more concentrated in the United States, is down 11 percent. DoorDash, which heavily uses contract workers for food …

The latest iPhone 12 range starts at $1,199 and goes up in excess of $2,300, and while the most affordable brand new iPhone from Apple (the iPhone SE) starts at $649 that’s still too much for many people, which is why this week Coles and Boost Mobile are teaming up to offer second-hand iPhones at …

The Federal Reserve will hold rates near zero until the virus is over. The Commerce Department will issue the latest report on the economy on Thursday and its expected to be a pretty ugly picture. The first reading on second-quarter gross domestic product is estimated to show a plunge at an annual rate of 34.1 …

The New York Stock Exchange (NYSE) stands in lower Manhattan on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt | Getty Images Stock futures fell in early morning trading on Monday, pointing to more losses ahead as investors …

A COVID-19 patient is delivered by ambulance to Wyckoff Heights Hospital in Bushwick, New York, Thursday, April 2nd, 2020. B.A. Van Sise | NurPhoto | Getty Images The coronavirus pandemic has put health care at the forefront of the nation’s economic crisis, but it has also put a lot of economic activity from it on …

Danielle Nelson’s best monitor for the emissions billowing out of the oil refineries and chemical plants surrounding her home: The heaving chest of her 9-year-old asthmatic son. On some nights, the boy’s chest shudders as he fights for breath in his sleep. Nelson suspects the towering plants and refineries are to blame, rising like a …

Dr David Rosser, chief executive of University Hospitals Birmingham NHS Foundation Trust, said hospitals were in control of dealing with the Covid-19 and “nowhere near” reaching a point where no additional patients could be received. But he said he had serious concerns that people who head out into the sunshine over the weekend could spread …

Red Cross medics measure the temperature of participants of the 178th Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on March 5, 2020. Alex Halada | Getty Images Brent crude futures could plunge to “single-digit lows” if major oil producers fail to reach a deal to cut output at a time when demand …

Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., in Tuapse, Russia, on Monday, March 23, 2020. Andrey Rudakov | Bloomberg | Getty Images The oil price bust may not be over.  A historic demand shock sparked by the coronavirus pandemic is set to worsen in the current quarter, undermining any …