Just how bad is the economic situation in China? In late February, MarketWatch interviewed Leland Miller, CEO of the China Beige Book, who warned that economic deterioration caused by the novel coronavirus was, as we put it, “worse than you think.” On Monday, Miller’s firm released a fresh report that …
Read More »Justin Amash nixes 2020 presidential run as third-party candidate
Michigan Rep. Justin Amash has announced that he will not run for president as a third-party candidate, CNN reported Saturday. “After much reflection, I’ve concluded that circumstances don’t lend themselves to my success as a candidate for president this year, and therefore I will not be a candidate,” he tweeted …
Read More »The Moneyist: Where’s my $1,200 stimulus check? My 2018 taxes ruled me out, but my 2019 return qualifies me — when will it arrive?
Dear Moneyist, I was married and didn’t qualify for the $ 1,200 stimulus check based on my 2018 tax returns. I am now divorced and filed my 2019 tax returns separately. It seems that millions of stimulus payments have already gone out. Where is my stimulus check? Will I ever …
Read More »Microsoft, Visa and others worth combined $11.5 trillion want Congress to include climate in COVID-19 recovery plan
Chief executives and other representatives from more than 330 businesses, including Capital One COF, -1.91% , General Mills GIS, +0.45% , Microsoft MSFT, +1.45% , Nike NKE, +0.50% , Salesforce CRM, +2.59% , Visa V, +1.43% and more are calling on bipartisan federal lawmakers to build back a better economy …
Read More »Coronavirus update: New outbreaks reported in states that plan to reopen soon, while Trump suggests testing is ‘overrated’
The U.S. death toll from the coronavirus that causes COVID-19 rose above 86,000 on Friday, as new outbreaks were reported in states where stay-at-home orders are set to expire and others that never imposed them. Minnesota is due to lift lockdown measures in mid-May even as cases continue to climb. …
Read More »Capitol Report: House passes measure allowing members to vote without being physically present
The House of Representatives, for the first time in its 231-year history, is allowing its members to vote without being physically present on the floor, a move Republicans say is unneeded. The Democratic-run House on Friday evening approved a resolution temporarily changing its rules to allow designated members to cast …
Read More »China risk has reemerged in the U.S. stock market — here’s how events may play out
Amid a debate about stock market investors underestimating the risks from the coronavirus-led shutdown of the global economy, China risk is reemerging. How the U.S. responds may determine the direction of the stock market. The U.S. has long contended that Chinese telecommunications-equipment maker Huawei Technologies is a risk to national …
Read More »The Wall Street Journal: Taiwan Semiconductor to build $12 billion chip factory in Arizona
Taiwan Semiconductor Manufacturing Co., the world’s largest contract manufacturer of silicon chips, said Friday it would spend $ 12 billion to build a chip factory in Arizona, as U.S. concerns grow about dependence on Asia for the critical technology. TSMC TSM, +2.31% 2330, +1.70% said the project, disclosed earlier Thursday …
Read More »CityWatch: New York City aims to conduct 20,000 COVID-19 tests a day
New York City is making coronavirus testing available to increasing numbers of its 8.4 million residents, as it aims to conduct 20,000 tests a day by the end of the month, Mayor Bill de Blasio announced Thursday. Now that the city has more capacity — with tens of thousands of …
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