After days of frenetic talks and only hours ahead of a government shutdown, Senate Majority Leader Mitch McConnell said late Sunday a bipartisan deal had been reached on an almost $ 900 billion coronavirus relief package. “Moments ago, in consultation with our committees, the four leaders of the Senate and …
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So much has been made of Tesla’s breathless rise to mind-boggling valuations in 2020. But the stratospheric rise of the Palo Alto, Calif.-based company also might have a broader impact on the overall markets, not just Tesla or the nascent electrical vehicle market, notes one Deutsche Bank strategist. The share …
Read More » The market for initial public offerings is getting too euphoric and unhealthy in the longer term, according to Goldman Sachs Chief Executive David Solomon. “ ‘I do think we’re at a moment in time where there is a lot of euphoria…and I don’t think in the long run [that] that’s healthy.’ …
Read More » U.S. Attorney General William Barr will step down from his post before Christmas, President Donald Trump announced in a tweet late Monday. Barr’s last day will be Dec. 23. Deputy Attorney General Jeff Rosen will step in as acting attorney general, and Richard Donoghue will move up to deputy attorney …
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Health-care workers and nursing-home residents should be the first in line for the fast-approaching COVID-19 vaccine shots, a federal government advisory panel voted Tuesday. The Centers for Disease Control and Prevention’s Advisory Committee on Immunization Practices supported the recommendations in a 13-1 vote. The recommendations aren’t binding but they can …
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A man wearing a face mask takes a selfie at the Charging Bull statue. angela weiss/Agence France-Presse/Getty Images Hedge funds were not the primary villains of the turmoil in the Treasury market as the grip of the coronavirus intensified in March, according to a Federal Reserve report released Monday. While …
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Dr. Anthony Fauci testifies on Capitol Hill on Sept. 23. Getty Images “ “We’re in for a whole lot of hurt. It’s not a good situation.” ” That’s Dr. Anthony Fauci, giving a stark warning that the coronavirus pandemic could get much worse in the coming months, in an interview …
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More people will shop online this holiday season, sending sales soaring, according to Adobe. (Getty Images) Adobe Analytics forecasts U.S. e-commerce sales to rise by one-third this year, reaching a record $ 189 billion, but that number could hit $ 200 billion if stores shut down again and another round …
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The U.S. death toll from the coronavirus illness COVID-19 rose above 221,000 on Wednesday, according to data aggregated by Johns Hopkins University, as the nation’s leading public health agency said almost 300,000 Americans have died during the pandemic, including fatalities that would not have happened without the virus. In a …
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