Daily Archive: March 19, 2020

No bottom in sight as Dow briefly wipes out entire Trump rally amid COVID-19 volatility

The Dow Jones Industrial Average completed an epic three-year round trip on Wednesday, at one point dipping below the level at which it sat when Donald Trump first became U.S. president in January 2017.

The latest leg of the sharp sell-off, in which the Dow has shed more than 10,000 points in five weeks, once again saw circuit breakers temporarily halt trading.

The index closed down 1,338 points, or 6.3 per cent, at 19,898.92, but dipped below 19,732, where it closed on Jan. 19, 2017, the day before Donald Trump became U.S. president. The index traded below that mark shortly after 12 p.m. EST and the final six minutes of the trading session before a late bounce allowed it to close just above.

A 963-point loss, meanwhile, left Canada’s S&P/TSX Composite Index at levels it hadn’t traded at since August 2012.

“The volatility you’re seeing underscores the underlying fragility of

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World’s top climber stays focused amid coronavirus crisis By Reuters

Olympics: World’s top climber stays focused amid coronavirus crisis

By Jack Tarrant

TOKYO (Reuters) – Slovenian Janja Garnbret, the world’s top female climber, is staying calm and focused despite the coronavirus outbreak playing havoc with sports events around the world and plunging preparations for the Tokyo Olympics into chaos.

The 21-year-old is one of some 10,000 athletes preparing to compete at the Tokyo Games, which organizers insist will go ahead as scheduled from July 24 even as the global sports calendar has ground to a halt due to the pandemic.

The flu-like virus has infected more than 212,000 people and caused 8,700 deaths in 164 nations.

Garnbret, the reigning two-time world champion in the combined climbing event set to make its Olympics debut in Tokyo, has qualified for the Games already but others are not so lucky.

So far, 15 of the 20 Olympic spots for the women’s event are

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The IRS deadline to pay taxes was extended by 90 days. What does that mean for filers?

The Trump administration has announced that most individuals and businesses will be allowed to delay paying their federal tax bills for 90 days as part of an emergency relief plan amid the coronavirus pandemic.

Some questions and answers about the delay and its potential impact on the U.S. economy:

  1. Do I still need to file taxes?
  2. Who is eligible for delaying tax payments?
  3. Will I be penalized for waiting to pay taxes?
  4. What if I am expecting a refund?
  5. Does this apply to my state taxes, too?
  6. How will this help the economy?

Do I still need to file taxes by April 15?

Yes.

The details on the program are still scant. But as of now, taxpayers need to file their federal tax returns by the traditional April 15 deadline. The 90-day extension is solely for the money that is due. Those delayed payments are now due July 15.

However, … Read More