Pelosi announces select committee to oversee U.S. coronavirus relief

04/02/20 1:30 PM

U.S. House of Representatives Speaker Nancy Pelosi said on Thursday she will form a bipartisan select committee on the coronavirus crisis to oversee the spending of $2.3 trillion that Congress has approved to respond to the pandemic.

Democrats delay presidential convention until August, citing coronavirus

04/02/20 1:22 PM

The Democratic Party on Thursday postponed its U.S. presidential nominating convention by a month until August, citing the coronavirus health crisis that has upended daily life and caused many states to postpone their primaries.

Wall Street gains as oil soars 30%

04/02/20 1:10 PM

Wall Street bounced on Thursday as hints of a deal between Russia and Saudi Arabia drove a record 30% surge in oil prices, outweighing the shock of a jump in U.S. jobless claims past 6 million.

Onshore quarantine of U.S. aircraft carrier sailors begins on Guam

04/02/20 1:10 PM

About 1,000 sailors from the aircraft carrier USS Theodore Roosevelt - roughly a fifth of its crew - were under quarantine at a U.S. naval base on Guam on Thursday as the Navy sought to control a coronavirus outbreak aboard the warship.

Oil soars over 20% after Trump claims Saudis and Russians to cut output

04/02/20 12:56 PM

Oil prices soared on Thursday after U.S. President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of oil producers to deal with the market turmoil.

U.S. deaths, joblessness mount as coronavirus exacts toll on Americans

04/02/20 12:44 PM

The coronavirus pandemic triggered a record 6.6 million jobless claims in a week and killed nearly 1,000 Americans in a single day, the latest data show, as the crisis led officials to order more than 80% of the U.S. population to stay home.

U.S. CDC reports 213,144 coronavirus cases, 4,513 deaths

04/02/20 12:44 PM

The U.S. Centers for Disease Control and Prevention (CDC) on Thursday reported 213,144 cases of coronavirus, an increase of 27,043 cases from its previous count, and said the number of deaths had risen by 910 to 4,513.

Exclusive: How elite U.S. college students brought COVID-19 home from campus

04/02/20 12:33 PM

Like many American colleges, Vanderbilt University in Nashville announced last month it was closing its dormitories and putting classes online because of the growing threat of coronavirus. It said it was acting "out of an abundance of caution" after a local healthcare worker had tested positive for the disease.

Stocks climb as investors digest grim U.S. jobs data

04/02/20 12:30 PM

World equity markets climbed on Thursday on the back of a surge in risky assets like oil, offsetting concerns over an increasing death toll from the coronavirus pandemic that is expected to push the global economy into a recession.

Pakistan court set to free four accused in Daniel Pearl killing

04/02/20 12:21 PM

A Pakistani court on Thursday commuted the death sentence of the main person accused in the 2002 kidnapping and murder of Wall Street Journal reporter Daniel Pearl, and acquitted three other co-accused in the matter.