Daily Archive: June 23, 2020

Traffic jams signal return to normal in New York but COVID-19 cases jump elsewhere By Reuters

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© Reuters. The spread of the coronavirus disease (COVID-19) in New York

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By Maria Caspani and Nathan Layne

NEW YORK (Reuters) – New York City residents, gradually emerging from more than 100 days of coronavirus lockdown, celebrated an easing of social-distancing restrictions on Monday by shopping at reopened stores, dining at outdoor cafes and getting their first haircuts in months.

But even as New Yorkers, confined for weeks at the epicenter of the global pandemic, returned to some semblance of normalcy, alarming spikes in coronavirus infection rates elsewhere around the country worried public health experts.

Chief among the latest hotspots was Florida, one of the last states to impose stay-at-home restrictions and one of the first to begin lifting them, with nearly 3,000 new infections reported over the previous 24 hours. Arizona, meanwhile, had almost 2,200 additional cases since Sunday.

The two are prime examples of a troubling

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Tech stocks lift Wall Street as worries over rising virus cases mount

NEW YORK — Wall Street’s three major indexes closed higher on Monday with the biggest gains in technology stocks as investors focused on the potential for more government stimulus measures even as they worried about an increase in coronavirus cases in the United States and other countries.

The World Health Organization reported a record rise in global coronavirus cases on Sunday, driving demand for perceived safe havens including gold and longer-term U.S. Treasuries.

While New York City on Monday celebrated the lifting of many coronavirus restrictions, a dozen states in the U.S. South and Southwest reported record increases in new cases with 10 per cent to 20 per cent of people testing positive in some.

However White House economic adviser Larry Kudlow told CNBC earlier in the day that there was no second wave of the pandemic and that it is unlikely there will be widespread shutdowns across the country.

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Economists upgrade China’s economic recovery, 2020 GDP growth forecasts

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