Coronavirus latest: Biden cautious on timing of vaccine rollout

Coronavirus latest: Biden cautious on timing of vaccine rollout

US president-elect Joe Biden plans to name a task force to deal with the coronavirus pandemic before he takes office as he tries to get a grip on the more than 100,000 new cases a day reported nationwide. He is expected on Monday to announce a 12-member team to tackle the virus. Mark Meadows, the White House chief of staff, contracted Covid-19 just weeks after US president Donald Trump came down with the virus. Mr Meadows, a former North Carolina congressman, was diagnosed one day after the November 3 election, according to a former senior White House official. Growth … Read More
E-brokers report outages as Dow jumps 1,000 points in vaccine rally

E-brokers report outages as Dow jumps 1,000 points in vaccine rally

A pedestrian holding an umbrella walks past a Charles Schwab office in New York. Scott Eells | Bloomberg | Getty Images Stocks are surging on Monday but some customers of online brokers Charles Schwab, TD Ameritrade, Vanguard and others could be missing out on the record market highs. E-brokers are experiencing technical issues with their trading systems while the Dow Jones Industrial Average and S&P 500 hit all-time highs from optimism around a Covid-19 vaccine. It was so far unclear how many customers of the brokers were unable to get timely access and make trades. “Due to a technical issue,... Read More