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It happens every year around this time.The weather gets colder and cold and flu viruses start making the rounds. But this year, there's a third illness expected to enter the mix: COVID-19.New cases are coming in at a record pace. Hospitalizations and deaths are rising, too.Now, public health experts say the pandemic is in a "critical phase,” warning winter could be the worst season yet for the novel coronavirus.Cold weather is one of the main reasons that doctors expect cases to rise sharply over the next couple of months. Researchers say the virus survives best in cold, dry conditions without direct sunlight. The same conditions that fuel cold and flu seasons.The cold weather also pushes more people to spend time indoors, where the virus can spread more easily, especially if air ventilation is poor.“Pandemic fatigue" is another reason COVID-19 cases could surge this winter. The surgeon general says people aren't taking precautions as seriously as they were before and that it's already causing an increase.That fatigue is expected to get worse this holiday season. Many people got together for Thanksgiving, and Hanukkah, Christmas and Kwanzaa are right around the corner.Experts say while some people are simply tired of social distancing and being isolated, others plan to make an exception for just one day with family.Aside from warm weather, experts think this spring will bring a brighter outlook for ending the pandemic, with new therapeutics and vaccines to help bring cases under control. 1520
INDIO, Calif. (KGTV) -- Organizers could know within the next 48 hours whether or not to postpone Coachella, sources tell Billboard. Currently, the festival is set to take place the weekends of April 10 and 17. Officials told Billboard Monday that they’re working on a plan to possibly move the music and arts festival to the weekends of October 9 and 16. RELATED: San Diego County woman tests positive for coronavirus following overseas travelThe news comes as three new cases of novel coronavirus were reported in Riverside County, where Coachella takes place, KABC reports. Meanwhile, Stagecoach also appears to be on the chopping block. Billboard says plans are taking shape to possibly move Stagecoach, a country music festival, to October as well. Other major festivals that have been canceled around the country include South by Southwest and Ultra Music Festival. Click here to see a list of concerts that have so far been canceled as a result of the coronavirus. 981
It's looking like at least one? — if not more — American tech giants may soon find themselves worth more than trillion dollars. That's a lot of zeroes. A dozen in fact.Apple is in the lead right now. Thanks to strong demand for its new iPhones, the company now has a market value of about 0 billion.The stock only needs to go up another 10% for Apple to top trillion.But even if Apple gets to the trillion dollar mark first, it may soon have company. Apple rival Alphabet -- aka Google -- has a market cap just shy of 0 billion.Amazon and Microsoft are also nipping at the heels of Apple and Google. Both of the Seattle-based tech titans are worth more than 0 billion.And these two companies seem to have more momentum than Apple and Google, whose stocks are up about 6% this year.In fact, GBH Insights analyst Daniel Ives wrote in a report Monday that he thinks Amazon could get to a trillion dollar valuation within 12 to 18 months.Amazon's stock has soared 30% this year thanks to impressive growth in its core e-commerce business as well as gains from last year's acquisition of Whole Foods and strength in its AWS cloud division.Microsoft has also benefited from growth in its cloud business. The stock is up 11% this year and is not far from a record high.If the four biggest tech companies all hit the trillion dollar milestone relatively soon, they eventually may wind up being joined by a few other tech giants -- and a much older school conglomerate as well.Facebook, Chinese e-commerce giant Alibaba and Chinese gaming and social networking kingpin Tencent are all worth about half a trillion dollars. So is Warren Buffett's Berkshire Hathaway.There's also the possibility that none of these tech companies will be the first to top the magical trillion dollar level.That's because oil giant Saudi Aramco is hoping to go public sometime this year -- and it is expected to be valued somewhere between .5 trillion and trillion. 1968
It's a split! Players in Iowa and New York will share Saturday's massive Powerball jackpot.Two tickets matched all winning numbers on Saturday and the winners will split the estimated 7.8 million jackpot or a one-time cash option of 6.2 million -- the fourth largest in US lottery history.Each ticket is worth 3.9 million or 8.1 million cash.It's still unclear how many people won Powerball's top prize.The winning numbers drawn Saturday were 8, 12, 13, 19, 27 and the Powerball was 4.The total jackpot was slightly adjusted from an estimated 0 million based on the actual drawing sales.The largest Powerball jackpot was .586 billion and it was split three ways in January 2016.Saturday's total jackpot was surely mind-blowing. Just imagine, if you had it all in 0 bills it would make a stack nearly as high as the tallest tower in the world, the Burj Khalifa in Dubai, according to the Powerball website.The Burj Khalifa is twice the height of New York's Empire State Building and three times as tall as the Eiffel Tower in Paris.Powerball has paid out its top prize only seven times this year, lottery officials said. Before Saturday's drawing, there were 21 drawings without a winner. The last winning ticket that took home the jackpot was sold in New York in August.But don't throw away your ticket yet, there are plenty of secondary prizes. Lottery officials say two tickets in Florida and Texas won million and 13 others in nine states won million each.Each Powerball ticket is . The game is played in 44 states, Washington, D.C., Puerto Rico and the US Virgin Islands. 1611
Investors were in a rotten mood Tuesday.Seemingly good results from Dow components Caterpillar, Coca-Cola and United Technologies didn't please Wall Street. The Dow closed down 425 points, or 1.7%, after opening with a 130-point gain. At its worst point of the day, the Dow was down more than 600 points.The Dow has fallen for the past five straight days — its longest losing streak in more than a year — and has given up its gains for the year.Why the nearly 650-point swing in the Dow in a matter of hours? Once investors took a closer look at the results, they focused on the negatives.Caterpillar, for example, warned that profit margins would probably not get any higher this year than they are now.And Coke investors were disappointed that lower prices may have helped drive sales -- even though Diet Coke finally returned to growth. Shares of Caterpillar plunged 6% while Coke's stock lost 2%.Verizon was one of the few companies that posted strong results Tuesday that didn't seem to have any caveats -- and it was rewarded for it. Shares of Verizon rose 2%.But other earnings reports were downright gloomy. 3M, another Dow component, lowered its outlook for the year. That sent its stock plunging 7%. Insurance company Travelers, also in the Dow, fell 3% after its earnings missed forecasts.All this negativity dragged down other old-school, classic industrial Dow companies too. Boeing and DowDuPont both fell about 3%.And tech investors were disappointed by increased expenses at Google parent Alphabet.Related: Why everyone is stressing about the 10-year Treasury Even though Alphabet posted solid gains in earnings and revenue that easily topped Wall Street's estimates, the stock fell 5% — and that helped drag down the S&P 500, Nasdaq and tech titans Apple, Amazon, Microsoft and Facebook.It didn't help that the yield on the 10-year US Treasury note rose above 3% for the first time in more than four years Tuesday morning.If this benchmark bond rate keeps climbing, it may make it more expensive to borrow money for mortgages and auto loans and could eat into profits at big US companies — especially since the Federal Reserve is expected to keep raising short-term rates.Still, one expert said investors may be overreacting to the moves in the bond market."I don't know that there is any magic to the 3.0% level other than it is a nice round number," said Jeff Mills, co-chief investment strategist for PNC Financial Services Group. "There is no rule that says rising rates are bad for the stock market."Mills added that since 1928, stocks have actually done a little bit better when rates have gone up. The market has gained about 11% on average during years that rates have gone up and 9% in years of falling rates.But jittery investors don't seem to care about historical market facts right now. They are selling first and asking questions later.The-CNN-Wire 2887