Category: Federal government
Stocks spike as President Trump declares national emergency
President Donald Trump’s national emergency declaration, which began just a half hour before the market closed, pushed stocks higher Friday, providing at least temporary relief to shares that have been throttled this week on fears of the COVID-19 pandemic. Trump detailed several measures under the national emergency declaration, including freeing…
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Stocks sharply rebound as markets rally on expectations of government bailout, testing
As America’s fractured Congress inches closer to an agreement on a comprehensive bailout for the economic hardships businesses and workers are facing due to the COVID-19 pandemic, stocks are poised for a big rally on Wall Street. The move is more than welcome after stock markets recorded their worst day in…
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As national COVID-19 cases top 1000, insurers waive treatment fees and U.S. preps stimulus
The number of COVID-19 cases in the U.S. crossed 1,000 on Tuesday as President Donald Trump met with the nation’s largest insurers and members of his cabinet to discuss how to pay for treatment and lessen the financial blow of the disease’s spread. With the nation’s healthcare apparatus beginning to…
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U.S. response to the COVID-19 coronavirus moves from “containment” to “mitigation”
In interviews across major television networks on Sunday, U.S. officials all-but-admitted that efforts to contain the spread of the novel coronavirus, COVID-19, have failed and that the country now needs to move to mitigate the effects of the continuing spread of the disease on the nation’s health and economy. “We…
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Financing for social impact and climate businesses gets a billion dollar boost with new KKR fund
KKR, the multi-billion dollar, multi-strategy investment firm, has closed on over $1.3 billion for companies focused on social and environmental challenges. KKR Global Impact says its fund will focus on identifying and investing in companies worldwide where preformance and social impact are intrinsically aligned. Specifically, the fund will invest in…
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A US House candidate says she was hacked — now she’s warning others
“I cannot think of a reason not to share this with the public,” Brianna Wu tweeted. “Two of my non-campaign Google accounts were compromised by someone in Russia,” she said. Wu isn’t just any other target. As a Democratic candidate for the U.S. House of Representatives in Massachusetts’ 8th District,…
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