The Senate passed the $2 trillion Coronavirus Aid, Relief & Economic Security Act on Wednesday, and the House of Representatives was expected to do the same on Friday or Saturday, then sending the bill to President Trump to be signed into law.
Other dispatches from the pandemic Jeremy Olshan, the editor of MarketWatch, describes life at home during what may turn out to be “a focusing event.” The new bull market may not last long The Dow Jones Industrial Average DJIA, -3.65% rose 21% over three trading sessions, as the Senate’s passing of the CARES Act seemed to overshadow a record 3.28 million in unemployment claims reported Thursday. Here are two factors driving those gains and Mark DeCambre’s bearish take on the new bull market.
One little-known provision in the stimulus package is a temporary expansion of FDIC deposit insurance
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What the $2 trillion stimulus bill means for the healthcare industry - Business InsiderThe CARES Act has numerous provisions to rescue the healthcare system, which has become flooded by the demands of treating the novel coronavirus.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Treasury Secretary Steven Mnuchin laments money for the arts in coronavirus stimulus packageTreasury Secretary Steven Mnuchin may have made lots of money in Hollywood, but that doesn't mean he wants economic stimulus money going to the arts during the coronavirus crisis. I lament Steven Mnuchin allowing himself to be Ivanka & Jared's plus one so they can fly on government aircraft instead of with the commoners on commercial flights.
Source: Newsweek - 🏆 468. / 52 Read more »
Understanding the OutbreakWho really decides whether to reopen the economy? Does a loss of smell or taste suggest a problem? Are US hospitals able to find enough beds? Learn more about the pandemic: There isn't a single answer. But the government, and thereby, Trump is involved... Nowadays, Novel Coronavirus is spreading rapidly around the world. What we should do is stay at home, this is the best way to protect ourselves and others for us ordinary people. This is the most serious global crisis we have faced in decades. ONE WORLD, ONE FIGHT. The state of the Corona virus determines that Trump cannot force panicked citizens to go back to fill the subways, buses and the workplaces
Source: AP - 🏆 728. / 51 Read more »
Coronavirus Stimulus Checks: Here's Who's Eligible For Relief PaymentCoronavirus stimulus checks: Here's who's eligible for relief payment ....typical government Shenanigans they make it look like everybody's going to get some money to put back into the system ... and it turns out it's NOT going to be that many and there's all kind of rules and regulations AND they have to check your underwear size to boot... What about retirees, are they part of this stimulus? So if your married and 2 have 2 kids u won’t get the $2400 plus 500 each kid under 16 or is 2400 the limit regardless of how many kids .
Source: YahooNews - 🏆 380. / 59 Read more »
The Senate's New Coronavirus Bill Will Extend Student Debt Relief Until SeptemberThe Senate has passed a $2 trillion stimulus plan to combat the coronavirus pandemic
Source: MTVNEWS - 🏆 479. / 51 Read more »
Treasury yields edge lower as investors weigh coronavirus spread and stimulusU.S. government debt prices were slightly higher Friday morning after record unemployment figures triggered hopes for further stimulus amid the worsening coronavirus pandemic. Something not right here I get the feeling that something corrupt!🤔
Source: CNBC - 🏆 12. / 72 Read more »