• Dow soars 600 points after $2 trillion coronavirus stimulus deal reached

    15 days ago - By Business Insider

    US stocks climbed on Wednesday after the White House and the Senate reached an agreement overnight on a $2 trillion relief package.
    The bill includes payments for Americans, unemployment benefit expansions, and loans for businesses hit by the economic slump.
    The gains follow the Dow Jones industrial average's best day since 1933. The benchmark index soared 11% in Tuesday's session as investors bet on a near-term deal for fresh fiscal stimulus.
    Watch major indices update live here .
    US stocks climbed on Wednesday after the White House and the Senate reached an agreement overnight on a...
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  • Stocks rebound grinds past 10% after $2 trillion U.S. stimulus boost

    Stocks rebound grinds past 10% after $2 trillion U.S. stimulus boost

    15 days ago - By Reuters

    A breakneck rebound in world stocks made it past the 10% mark on Wednesday before more global coronavirus warnings and fresh turbulence in commodity markets saw things grind to a halt.
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  • U.S. stocks signal declines despite Senate, White House agreement on $2 trillion stimulus bill

    15 days ago - By Washington Post

    The shift comes a day after a massive Wall Street rally powered the Dow nearly 11.4 percent to its best finish since 1933.
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  • Real estate investor Tom Barrack: Commercial mortgages could be on brink of collapse

    15 days ago - By CNBC

    Lawmakers are working to reach an agreement on a massive stimulus package to combat the economic impact of coronavirus. Real estate investor Tom Barrack, Colony Capital chairman and CEO, is warning commercial mortgages are on the brink of collapse and that we are seeing the beginning of "a second crisis that will occur in the financial markets" if immediate action is not taken by Congress. He joins "Squawk Box" to discuss.
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  • S&P 500 set to dip after bumper session as virus threat rages on

    15 days ago - By Reuters

    The S&P 500 was set to open lower on Wednesday after a strong rebound in the previous session as optimism about an imminent $2 trillion coronavirus package waned, with investors still concerned about the lasting economic hit from the pandemic.
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  • A $2 Trillion Lifeline Will Help, but More May Be Needed

    15 days ago - By NY Times

    The coronavirus response deal set to pass Congress is more than twice as big as the 2009 stimulus bill to ease the Great Recession, but it will soothe a shutdown economy for only a few months.
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  • 10 things you need to know before the opening bell

    10 things you need to know before the opening bell

    15 days ago - By Business Insider

    Here's what you need to know before the markets open.
    1. 'A real step forward': Stocks climb after lawmakers agree on $2 trillion coronavirus stimulus. The proposed bill includes billions in aid to companies and state and local governments, small businesses, healthcare providers, and households.
    2. China will resume US LPG imports as Beijing waives trade-war tariff. The country has restarted purchases of liquefied petroleum gas after a hiatus of nearly 20 months, Reuters reported.
    3. Target withdraws forecasts, curbs spending to meet virus-related demand. The big-box retailer now plans to...
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  • White House, Senate Agree To $2 Trillion Coronavirus Rescue Package

    White House, Senate Agree To $2 Trillion Coronavirus Rescue Package

    15 days ago - By NPR

    The deal means Congress could be close to passing a deal and it comes after House Speaker Nancy Pelosi said Republicans and Democrats had closed the gap on their differences.
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  • White House, Senate Agree To Historic Deal On Coronavirus Rescue Measure

    15 days ago - By NPR

    NPR's Noel King talks to David Wessel of the Hutchins Center at the Brookings Institute about the agreement announced early Wednesday morning on the massive emergency relief package.
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  • A $2 trillion boost from Congress is a good start. Expect more

    15 days ago - By Stl Today

    Here's a much-needed dose of good news for investors: Lawmakers in Washington have reached an agreement on a sweeping $2 trillion economic stimulus package that will help support companies and workers harmed by the coronavirus pandemic.
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  • Futures fall after bumper session as virus threat rages on

    15 days ago - By Reuters

    U.S. stock index futures fell on Wednesday after a strong rebound in the previous session, as an imminent $2 trillion rescue package failed to completely allay investor concerns over the economic threat from the coronavirus pandemic.
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  • Chuck Schumer made sure businesses controlled by Trump, his family, and top US officials couldn't get money from the government's $2 trillion coronavirus bailout fund

    Chuck Schumer made sure businesses controlled by Trump, his family, and top US officials couldn't get money from the government's $2 trillion coronavirus bailout fund

    15 days ago - By Business Insider

    Senate minority leader Chuck Schumer secured a condition in the government's $2 trillion coronavirus stimulus package that barred President Donald Trump's businesses from receiving money.
    Under the proviso, businesses owned by members of Congress, Vice President Mike Pence, and top members of the executive branch are also excluded from the bailout.
    Trump owns a string of high-end hotels and golf resorts - and several of his businesses have been shuttered during the pandemic.
    The aid package, agreed on by the White House and Senate on Tuesday, provides assistance to Americans laid off in...
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  • Senate to vote Wednesday on $2 trillion coronavirus bill after landmark agreement with White House

    15 days ago - By Washington Post


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  • US stimulus just ‘another temporary bandage' adding to massive amounts of debt - chief strategist tells Boom Bust

    US stimulus just ‘another temporary bandage' adding to massive amounts of debt - chief strategist tells Boom Bust

    15 days ago - By RT

    The US Senate and the White House have reached an agreement on a $2 trillion relief plan to buffer the economy as fears of a deep global recession continue to mount amid the coronavirus outbreak.
    RT's Boom Bust is joined by Todd Horwitz of Bubba Trading to discuss the measure and its impact on financial markets.
    Horwitz says that the stock markets' positive reaction looks like a short-covering rally, and is not a big deal.
    “Stimulus is not going to create growth,” he says, explaining that if people are going back to work that does not mean that “we are getting growth, it is not going to...
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  • Oil prices fall as demand woes eclipse U.S. stimulus

    15 days ago - By Reuters

    Oil prices slipped into negative territory on Wednesday as faltering fuel demand from the spread of the coronavirus outweighed a massive pending U.S. economic stimulus package.
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  • After Days Of Negotiations, Deal Reached On Emergency Aid Measure

    15 days ago - By NPR

    The Senate and White House worked through an agreement on a $2 trillion coronavirus stimulus package early Wednesday morning. The agreement means Congress could be close to passing a deal.
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  • After Days Of Negotiations, Deal Reached On Emergency Aid Measure

    15 days ago - By NPR

    The Senate and White House worked through an agreement on a $2 trillion coronavirus stimulus package early Wednesday morning. The agreement means Congress could be close to passing a deal.
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  • Deal on $2 trillion coronavirus stimulus package reached between the Senate and White House

    Deal on $2 trillion coronavirus stimulus package reached between the Senate and White House

    15 days ago - By Business Insider

    Senate leaders and the White House reached a deal on a roughly $2 trillion economic stimulus package with the novel coronavirus threatening near-term recession.
    The compromise on the stimulus package was announced just before 1 a.m. ET on Wednesday, but the full text of the deal with specifics was not expected to be circulated until later in the morning.
    In a speech on the floor following the deal, Senate Majority Leader Mitch McConnell said the bill would inject trillions into the economy and would include checks for Americans, calling it a "wartime level of investment."
    "We have a...
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