Amazon and Apple have reported major quarterly gains, with the Jeff Bezos brainchild posting its biggest-ever profit while Apple saw strong earnings, even as Covid-19 drives the US economy into its worst contraction on record. The two tech giants announced their second quarter results on Thursday, both topping expectations on […]
stimulus
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White House economic adviser Larry Kudlow has said that more stimulus checks are coming, along with an extension of the current eviction moratorium. However, he was slammed for claiming that all is well with the US economy. The $1 trillion bill will include another round of stimulus checks – to […]
The Breakdown Weekly Recap covers growing U.S.-China tensions, worsening job numbers and the next casual $1-$3 trillion in stimulus. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent […]
The European Union has found hard-won agreement on a Covid-19 stimulus package, reaching consensus on a “historic” €750 billion aid package to keep the continent’s embattled economies afloat following days of debate. The 27 EU leaders inked the massive agreement early on Tuesday morning, with summit chairman Charles Michel simply […]
New Delhi (Sputnik): Indian Prime Minister Narendra Modi announced a $266 billion stimulus package on 12 May to help the economy and businesses get over the crisis posed by the COVID-19 pandemic. India’s banking regulator too has infused about $80 billion into financial markets in its efforts to deal with […]
Leave it to the government to “accidentally” send out coronavirus stimulus checks to over one million dead people. According a report from the Government Accountability Office, the IRS sent out approximately 1.1 million checks to deceased people, because of course they did. That amounts to approximately $1.3 Billion dollars. Apparently […]
Stocks are up on fresh government stimulus expectations but when it comes to bitcoin, things are uncertainty in the near term. Bitcoin (BTC) was trading around $9,500 as of 20:00 UTC (4 p.m. ET), gaining less than a percent over the previous 24 hours. At 00:00 UTC on Tuesday (8:00 […]
Some members of Congress want to let tech startups access federal stimulus loans. But venture-capital-backed startups aren’t like other small businesses — they fail even in good economic times. LULU GARCIA-NAVARRO, HOST: Like many small companies, tech startups have been laying off employees – more than 40,000 people by one […]
Bitcoin prices look to be struggling with buyer exhaustion, having put in a negative performance in the last 24 hours despite positive developments on both the macro and technical fronts. The top cryptocurrency by market value fell from $9,760 to $9,100 during Wednesday’s U.S. trading hours, even though major investment […]
The Supreme Court unanimously upheld a federal law struck down by an appeals court that forbids encouraging illegal aliens to remain in the U.S. unlawfully in a decision Thursday. Advertisement – story continues below The Supreme Court ruled on the law on May 7, 2020, ten days ago. That ruling […]
This was EPIC!FOX and Friends Weekend host Pete Hegseth BLASTED shameless Democrat lawmaker Tim Ryan on Sunday morning during the Ohio Democrat’s appearance on FOX News. Advertisement – story continues below Tim Ryan, who portrays a moderate Democrat on television, was discussing the continued economic lockdown, the need for mail-in […]
India 07:56 GMT 14.05.2020Get short URL https://cdn1.img.sputniknews.com/img/107903/90/1079039095_0:116:3072:1844_1200x675_80_0_0_bbcadb9e3370f99efcfcfa9516d5c0df.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/india/202005141079298771-indian-equities-unimpressed-with-pm-modis-corona-stimulus-sensex-loses-600-points-in-opening-trade/ New Delhi (Sputnik): The COVID-19 contagion seems to have taken the fizz out of the Indian equity markets. From levels of over 41,000 in February, the benchmark index Sensex has fallen to its current level of 32,000. […]
India 08:28 GMT 13.05.2020Get short URL New Delhi (Sputnik): Indian markets have fallen from their February levels due to the COVID-19 pandemic. From levels of over 41,000 in February, the benchmark index Sensex has fallen to its current level of 32,000. The health emergency declared due to the virus has […]
US 19:00 GMT 12.05.2020Get short URL The first three months of the year have seen record numbers of US citizenship renunciations. One expert argues that the current surge in Americans abandoning their US citizenships can be explained by two factors: tax returns and the COVID-19 novel coronavirus pandemic. A total […]