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On Monday, California's Governor Gavin Newsom ordered restrictions on bars, dine-in restaurants, gyms, and even ordinary offices across the state to shut down as coronavirus cases continue to climb which dims the economic growth of the United States as a whole.
The affected businesses include all operations at bars and indoor activities at restaurants, wineries and tasting rooms, movie theaters, family entertainment centers, zoos, museums, and cardrooms.
On Sunday, California confirmed 8,358 new coronavirus cases while hospitalizations have increased by 28% over the past two weeks.
"The data suggests not everybody is practicing common sense," Gavin Newsom said.
California's two largest school districts, Los Angeles and San Diego issued a joint statement that classes would resume in August via online education.
According to the statement, "One fact is clear: those countries that have managed to safely reopen schools have done so with declining infection rates and on-demand testing available. California has neither."
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
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