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Coronavirus updates: Florida sets new record in deaths but confirmed cases down; Infectious Diseases Society backs Anthony Fauci USA TODAYGov. Cuomo pummeled online for selling poster touting New York's COVID response Fox NewsNY Confronts Second-Wave Covid Risk: Visitors from Florida and Texas The New York TimesCuomo's cringeworthy COVID victory lap New York Daily News
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 (Bloomberg) -- China will impose unspecified sanctions on defense contractor Lockheed Martin Corp. after the U.S. approved a possible $620 million deal to supply missile parts to Taiwan, the latest in a series of punitive actions by the superpowers as relations grow colder."China firmly opposes U.S. arms sales to Taiwan," Chinese Foreign Ministry spokesman Zhao Lijian said at a briefing in Beijing on Tuesday. "We will impose sanctions on the main contractor of this arms sale, Lockheed Martin," he said, without elaborating on what form the sanctions may take.The move comes as tensions grow between the U.S. and China on a number of fronts, from the trade war and territorial claims in the South China Sea to the coronavirus pandemic and new security law Beijing imposed on Hong Kong. Zhao called on the U.S. to cut military ties with Taiwan -- which China considers part of its territory -- to avoid "further harm to bilateral relations.""It's tit-for-tat between the two countries," said Shukor Yusok, founder of aviation consultancy Endau Analytics in Malaysia. "The impact this time is going to be small, but it could be the start of more to come."U.S. arms manufacturers face strict limitations on what kind of business they can do with countries deemed by Washington to be strategic rivals, such as China. Lockheed generated 9.7% of its revenue in the Asia-Pacific region last year, according to data compiled by Bloomberg, though that's not broken down by individual countries.Lockheed shares fell less than 1% t
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 U.S. stock-indexes are mixed at midday Tuesday in volatile trading as investors monitor technology stocks and digested second-quarter earnings results from a trio of big banks.
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Board exit precedes announcement on Chinese telecoms supplier
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Delta Air Lines lost $5.7 billion during a brutal three-month stretch in which the coronavirus pandemic brought travel to a near standstill, and any hoped-for recovery has been smothered by a resurgence of infected Americans.
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Tax Day is not on April 15 this year. Instead, 2019 federal tax returns and payments are due on July 15, 2020. The IRS pushed back the deadline in response to the COVID-19 pandemic, which made it difficult for taxpayers and tax preparers to file and pay taxes by the original April 15 due date.
If you're mailing in a paper return, the envelope must be postmarked by July 15. If you're filing an electronic return, you must e-file the return by midnight on July 15. However, don't wait until 11:59 p.m. to click the submit button, because it can take a few minutes for your return to be successfully transmitted to the IRS.
Tax Tips for Last-Minute Filing
E-filed returns are processed faster than paper returns (especially this year, since the IRS is experiencing coronavirus-related staff issues that are slowing down paper return processing). If you're getting a refund, you'll also get your money much sooner if you file an electronic return. Opting for direct deposit over a paper check will also speed up your refund.
Filing Extensions Are Available
If you can't file your federal tax return by July 15, you can get an extension to October 15, 2020. But you have to act by July 15 to get the extension.
12 Tax Deadlines for July 15 (It's Not Just the Due Date for Your Tax Return)
Also keep in mind that an extension to file doesn't extend the time to pay your tax. If you don't pay the taxes you owe by July 15, you'll owe interest on the unpaid tax. You could also be hit with additional penalties for filing and paying late. For more information, see
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The Morning After: iPhone owners can sign up for 'batterygate' settlements EngadgetYou can now stake your claim in Apple's $500 million iPhone slowdown settlement The VergeiPhone Owners Could Get $500 Cash Back From Apple Over Batterygate ForbesApple 'batterygate' victims in the United States can now claim $25 settlement gizmochina
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