Dow Jones Loses 300 Points But On Track For 11% Monthly Gain; Covid Stocks Rally

Dow Jones Loses 300 Points But On Track For 11% Monthly Gain; Covid Stocks Rally
NANCY GONDO

The Dow Jones Industrial Average was down more than 300 points Monday, after closing above the 30,000 level for the first time ever last week.

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  • Black National Guardsman describes being deployed to protect Biden’s inauguration: 'I just felt this huge sense of pride'

    As most of the 25,000 National Guardsmen who were called upon to protect Washington, D.C., during the presidential inauguration began heading home this week, one Black service member agreed to speak to Yahoo News about the experience of protecting the nation’s capital in the wake of a pro-Trump riot on Capitol Hill. 

  • Why Black Americans aren't being vaccinated for COVID-19 at the same rate as whites

    Early data on the rollout of the vaccines for COVID-19 shows that minority populations in the United States already disproportionately affected by the pandemic are not being immunized at the same rate as white Americans. 

  • Joe Biden: America's second Catholic president

    The president's views on some hot-button social issues have led to clashes with US Catholic hierarchy.

  • Iran's president criticizes prosecution of telecom minister

    Iranian President Hassan Rouhani on Wednesday criticized Iran's hard-liner dominated judiciary over last week's prosecution of the countrys telecommunications minister. Mohammad Javad Azari Jahromi was released on bail after he was summoned for prosecution. Judiciary officials cited his refusal to block Instagram and impose limitations on the bandwidth of other foreign social media and messaging systems.

  • China seeks details about Chinese crew after tankers seized by Indonesia

    China said on Wednesday it was seeking details about 25 of its nationals who were among 61 crew on two supertankers seized by Indonesia on suspicion of illegally transferring oil. Indonesia said on Sunday it had seized the vessels after they were detected making the transfer from Iranian-flagged MT Horse to Panamanian-flagged MT Freya, causing an oil spill. The Indonesian authorities said the seizure was not related to U.S. sanctions, which Washington imposed in a bid to shut off Iran's oil exports in a dispute over Tehran's nuclear programme.

  • Josh Hawley accuses Democrats who filed ethics complaint of conspiring with Lincoln Project

    Missouri senator has faced calls to resign over objection to Biden election win

  • Biden announces government's intention to increase total U.S. COVID-19 vaccine orders by 50 percent

    President Biden announced Tuesday that his administration intends to order an additional 100 million doses of both the Moderna and Pfizer-BioNTech COVID-19 vaccines. The extra 200 million doses, which Biden said should arrive by the summer, would boost the country's supply by about 50 percent to 600 million shots total, meaning that there would be enough shots available to inoculate 300 million people in the coming months without the Food and Drug Administration granting approval for any other vaccine candidates. Pres. Biden says his admin has ordered 200 million more COVID-19 vaccine doses that will be available by summer, increasing the total number ordered from 400 million to 600 million pic.twitter.com/VFZ3qTmUK9 — NowThis (@nowthisnews) January 26, 2021 It's another sign that the government is raising expectations for the vaccine rollout. On Monday, Biden upped the daily vaccination goal from 1 million to 1.5 million throughout his first 100 days in office and suggested that any American who wants a shot could be able to get one by the spring. FiveThirtyEight's Nate Silver applauded the administration for getting more ambitious, though he noted it could be difficult — impossible, even, unless the shots are approved for children — to find 300 million willing Americans to get vaccinated by the end of summer. In practice it's going to be hard to find 300m Americans willing to get vaccinated by Sept. 22. (It's literally impossible until vaccines are approved for children.) And we'll probably eventually mix in some one-dose vaccines. Still, ramping up to 2-2.5m/day is a laudable goal. — Nate Silver (@NateSilver538) January 26, 2021 More stories from theweek.comSarah Huckabee Sanders' shameless campaign for governorTrump's impeachment lawyer said he thinks 'the facts and the law will speak for themselves'Democrats are preparing for a party-line COVID-19 bill, hoping for bipartisan buy-in

  • UN group says Sri Lanka virus cremation rule violates rights

    A group of U.N experts has criticized Sri Lanka's requirement that those who die of COVID-19 be cremated, even it goes against a family's religious beliefs, and warned that decisions based on “discrimination and aggressive nationalism” could incite hatred and violence. The experts, who are part of the Special Procedures of the U.N Human Rights Council, said in a statement Monday that rule amounts to a human rights violation. “We deplore the implementation of such public health decisions based on discrimination, aggressive nationalism and ethnocentrism amounting to persecution of Muslims and other minorities in the country,” the experts said.

  • Myanmar army warns may 'take action' over its election dispute

    Myanmar's army warned on Tuesday it would "take action" if an election dispute was not settled and declined to rule out staging a coup if its demands were not met, just days out from the convening of a new parliament. Military spokesman Brigadier General Zaw Min Tun told a new conference there may have been fraud in the November contest, which was won in a landslide by Aung San Suu Kyi's National league for Democracy (NLD) party. "We will take action according to the constitution and existing laws if they don't resolve the issue," he said of the election commission, declining to give further details.

  • Joe Biden presses Vladimir Putin on poisoning of opposition leader Alexei Navalny

    Joe Biden challenged Vladimir Putin over the poisoning of Alexei Navalny, and reports of Russian bounties on the heads of US soldiers in Afghanistan, in their first presidential phone call. Mr Biden also raised concerns about Russian "aggression" against Ukraine, and reaffirmed Washington's "strong support for Ukraine's sovereignty." The US president said he was willing to extend the New START nuclear arms control treaty for five years. Kremlin officials said documents had been exchanged to extend the pact. Mr Biden also raised concerns over Russian cyber hacking, interference in US elections, and treatment of peaceful protesters. Mr Biden made clear he would "act firmly in defence of our national interest in response to malign actions by Russia," the White House said. The Kremlin said Mr Putin told Mr Biden that he supports "normalisation" of relations between their two countries. Mr Putin "noted that the normalisation of relations between Russia and the United States" would benefit "the entire international community," the Kremlin said.

  • GOP largely votes against Trump impeachment trial

    Senate Republicans voted overwhelmingly on Tuesday against moving forward with former President Donald Trump’s second impeachment trial, making clear a conviction of Trump for “incitement of insurrection” is unlikely.

  • Texas man arrested in Capitol riot, another stays in custody

    A Texas man accused of taking part in the attack on the U.S. Capitol earlier this month while wearing a shirt with a message that stood for “murder the media” was arrested Tuesday, the FBI said. Nicholas DeCarlo, 30, was charged with obstructing an official proceeding, entering a restricted building and parading or demonstrating on Capitol grounds, according to a criminal complaint. Investigators say DeCarlo, of Burleson, Texas, was seen in photos smoking a cigarette inside the Capitol on Jan. 6.

  • 'Crazy and evil': Bill Gates surprised by pandemic conspiracies

    Microsoft co-founder turned philanthropist Bill Gates says he has been taken aback by the volume of "crazy" and "evil" conspiracy theories about him spreading on social media during the COVID-19 pandemic, but said on Wednesday he would like to explore what is behind them. In an interview with Reuters, Gates said the millions of online posts and "crazy conspiracy theories" about him and about top U.S. infectious disease expert Anthony Fauci had likely taken hold in part because of the combination of a frightening viral pandemic and the rise of social media. "Nobody would have predicted that I and Dr. Fauci would be so prominent in these really evil theories," Gates said.

  • Here Are The Brightest Decor Buys of the Season

    Let’s get loudOriginally Appeared on Architectural Digest

  • Letters to the Editor: Senate GOP's message: If a president incites a coup, do it right before Jan. 20

    By attempting to stop Trump's impeachment trial, Senate Republicans send the message that a president cannot be held accountable late in the term.

  • Biden administration looks to 'speed up' effort to put Harriet Tubman on the $20 bill

    President Biden's administration is hoping to "speed up" efforts to get Harriet Tubman on the $20 bill. White House Press Secretary Jen Psaki during a briefing Monday said the Treasury Department is "taking steps to resume efforts" to put Tubman on the $20 bill, a plan that was originally announced under former President Barack Obama, and is "exploring ways to speed up that effort." Former Treasury Secretary Steven Mnuchin previously announced in 2019 that the planned $20 bill redesign with Tubman replacing former President Andrew Jackson on the front had been delayed until 2028. At the time, Mnuchin said he would focus on a security feature redesign. "The primary reason we've looked at redesigning the currency is for counterfeiting issues," Mnuchin said. "Based upon this, the $20 bill will now not come out until 2028." The original plan was for the Tubman redesign to be unveiled in time for the 19th Amendment's 100th anniversary in 2020, The New York Times notes. Former President Donald Trump dismissed the efforts to put Tubman on the $20 bill as "pure political correctness" during his 2016 campaign. In Monday's briefing, Psaki said that it's "important" for U.S. currency to "reflect the history and diversity of our country," adding that "Harriet Tubman's image gracing the new $20 note would certainly reflect that." NEW: White House says Treasury Dept. is "taking steps to resume efforts" to put Harriet Tubman on the $20 bill. Press Sec. Psaki says the Biden admin. is "exploring ways to speed up that effort." pic.twitter.com/z7Jw5CqXP0 — MSNBC (@MSNBC) January 25, 2021 More stories from theweek.comSarah Huckabee Sanders' shameless campaign for governorTrump's impeachment lawyer said he thinks 'the facts and the law will speak for themselves'Mitch McConnell is the GOAT

  • Iran sentences brother of senior vice president to 2 years

    Iran has sentenced the brother of the country’s senior vice president to two years in prison on corruption charges, the website of the Iranian judiciary reported Tuesday. According to the judiciary's spokesman, Gholamhossein Esmaili, the verdict for Mahdi Jahangiri, the brother of Eshaq Jahangiri, is final and cannot be appealed.

  • EU and AstraZeneca vaccine row descends into farce over crunch talks

    The row between the EU and AstraZeneca over vaccine supplies descended into farce today after the pharmaceutical company denied a European Commission claim that it had pulled out of a crunch meeting. The EU has threatened to block exports of the Belgian-made Pfizer jabs to countries outside the bloc after AstraZeneca said it would have to cut deliveries of its own vaccine to Europe by 60 per cent. Brussels has told AstraZeneca it must fulfil “contractual obligations”. There is suspicion that some supplies bought by the EU had ended up in Britain. The European Commission had summoned AstraZeneca bosses for more talks on Wednesday after deeming the firm’s explanations for supply delays in two Monday meetings “unsatisfactory”. The commission had earlier announced that AstraZeneca had pulled out of the meeting. However, an AstraZeneca spokesman said: "We can confirm we have not pulled out and will be attending talks with the EU Commission later today." EU sources later said the call with AstraZeneca would go ahead. Sources said AstraZeneca had been given a deadline of Jan 29 to explain why there were delays to supplies. In an interview with newspapers on Tuesday, the AstraZeneca CEO, Pascal Soriot, said the contract between the two sides was based on a best-effort clause and did not commit the company to a specific timetable for deliveries. An EU official accused Mr Soriot of revealing confidential information, such as the best-effort clause and the production capacity, in the interview. "Best-effort is a completely standard clause when you are signing a contract with a company for a product that does not yet exist," the official said. "Obviously you cannot put a completely legal obligation under these conditions."

  • Nissan flips the switch on electric reboot in China

    Nissan Motor is accelerating the rollout of electric vehicles in China under its main brand and its local, no-frills Venucia marque as it overhauls its strategy in the world's biggest auto market, four sources told Reuters. Besides the focus on green vehicles, the plan involves using more locally made parts and technologies to reduce costs and help the struggling Japanese carmaker compete better with lower-cost Chinese firms and major global rivals, the sources said. The China strategy is a key pillar of Nissan's turnaround, which involves focusing on producing profitable cars for China, Japan and the United States, rather than chasing all-out global growth as it did under disgraced former boss Carlos Ghosn.

  • Biden administration has system in place where reporters will not ask president tough questions: Media critic

    Steve Krakauer, editor at Fourth Watch, says 'it shouldn't be contingent' on one reporter to ask Biden tough questions.