Blog Archive


CDC says people should not travel for Thanksgiving due to COVID-19 surges

Officials at the Centers for Disease Control and Prevention said that people should not travel for Thanksgiving, citing the rapid increases in COVID-19 cases and hospitalizations around the country. “It’s a strong recommendation,” said Henry Walke, COVID-19 incident manager at the CDC, during a press briefing.

The United States is averaging over 160,000 COVID-19 cases per day, and the coronavirus is spreading out of control in most states. “We all need to consider the safest way to celebrate this holiday amidst this critical phase of the COVID-19 pandemic,” Walke said.

The US saw spikes in cases after the Memorial Day and Labor Day holidays, and Thanksgiving poses an even larger concern: celebrations usually happen indoors (where the virus spreads more easily), with multiple generations (including older adults at high risk of severe COVID-19). There’s also more virus spreading in most places in the US now than there was during those

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  • November 19, 2020

Who needs office buildings? As homebuilding surges, plans for shops, offices, hotels vanish: Exclusive

Even as the housing market booms, the outlook for the construction of shops, office buildings, hotels and other commercial structures has grown bleaker.

And that could mean less economic activity and job growth as the nation digs out of the COVID-19-induced downturn. Nonresidential construction spending is on pace to total $800 billion this year, according to the Census Bureau.

Seventy-five percent of commercial contractors say their projects have been postponed or canceled during the pandemic, according to a survey of more than 1,000 firms this month by Associated General Contractors, the industry’s leading trade group.

That’s up from 60% in August and 32% in June, says the group, which planned to release the figures Wednesday.

The numbers “sound alarming,” AGC chief economist Ken Simonson says. “It looks as if the amount of commercial construction is headed downward for some time to come.”

Private nonresidential construction spending was flat from January

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  • November 4, 2020

PayPal Volume Surges With Consumers Flocking to Online Shopping

(Bloomberg) — PayPal Holdings Inc. climbed after executives said a surge in digital payments on its platform in the second quarter marks an accelerating and permanent shift away from cash in the wake of the coronavirus pandemic.

The technology giant, which has been signing up consumers spooked by the virus, said Wednesday it now expects revenue to climb 25% this quarter while payments volume surges 30%. It sees full-year revenue climbing 22%.

“This is our time,” Chief Executive Officer Dan Schulman told analysts on a conference call. “We intend to seize the moment.”

Lockdowns to prevent viral infections, and the ensuing shift to online commerce, spurred people to learn how to make digital payments. That helped boost the number of net new active accounts to 21.3 million. The company said it now expects to add 70 million active accounts in the latter half of the year.

“The big competition for

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Strong demand for virus testing services; snacking surges

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the national and global response, the work place and the spread of the virus.



— Two vaccine candidates from Pfizer and BioNTech being developed to help protect against the virus that causes COVID-19 have received fast track designation from the U.S. Food and Drug Administration. The designation was granted based on preliminary data from early-state studies that are currently ongoing in the U.S. and Germany as well as animal immunogenicity studies. The vaccine candidates are not currently approved for distribution anywhere in the world.

The companies may begin later-stage trials, which would put the treatments closer to launch, as soon as this month, subject to regulatory approval. They anticipate enrolling up to 30,000 subjects. If the ongoing studies are successful, and the vaccine

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White House targets Fauci as COVID-19 surges

Good morning, NBC News readers.

The White House is trying to undercut Dr. Anthony Fauci as he speaks out about the surge of coronavirus infections, more backlash over President Donald Trump’s commutation of Roger Stone’s sentence and a well-known actress loses her battle with breast cancer.

Here’s what we’re watching this Monday morning.

As coronavirus pandemic surges, White House seeks to discredit Fauci

As the coronavirus pandemic continues to swell nationwide, the White House has another target: Dr. Anthony Fauci, the country’s leading infectious disease expert.

President Trump is actively working to marginalize the renowned immunologist and his dire warnings about the shortcomings of the U.S. coronavirus response.

In a remarkable broadside by the Trump administration against one of its own, a White House official said Sunday that “several White House officials are concerned about the number of times Dr. Fauci has been wrong on things.” The official gave NBC

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