COVID-19 bailout bill
The US House of Representatives has passed a $1.9 trillion pandemic aid bill put forward by Joe Biden's team. The bill is expected to be approved in the Senate thanks to 50 votes from Democrats. In ...
U.S. unemployment
The number of jobless claims in the USA fell sharply last week to a three-month low. Retail sales data, lower COVID-19 cases and vaccination also added to the optimism. However, winter s...
Risky business
Virtually inexhaustible investor demand for even the riskiest corporate debt is allowing struggling companies in the U.S. to raise funds at rates so low that previously only highly-rated borrowers could a...
Electric cars
The US House of Representatives intends to restore incentives for buyers of electric cars, which could significantly boost sales of manufacturers such as Tesla, GM, Ford and others. The new bill requi...
Help for those affected
US President Joe Biden signed two decrees intended to assist those Americans most severely affected by the COVID-19 epidemic.
The President ordered the Treasury Department to take steps to speed...
Unemployment benefits
The results were better than economists predicted, but unemployment is still high due to the ongoing COVID-19 outbreak.
coronavirus pandemic. Restaurants, cinemas and entertainment centres ha...
Event ban
On 20 January, events planned outside the White House and Capitol buildings cannot be organised on the social networking site. The company could also temporarily ban Americans from broadcasting and creating groups.
Facebook has imposed ad...
Stock indices retreated
US stock indexes declined moderately on Monday, retreating from record highs reached late last week. Investors are weighing the risks associated with the continued rise in COVID-19 infection...
Treasury bond rises
Ten-year US Treasury bond yields (TBY) rose above 1% on Wednesday, marking the first time since March. The yield on ten-year US Treasury bonds rose above 1% on Wednesday, the firs...
Tainted homes of Democrat leaders
In the US, vandals attacked the homes of Democratic and Republican leaders in the US Congress.
The attackers actions were a response to another failed attempt by US lawmakers to agree on economic stimulus measures ...
Vote on payments postponed
Republicans in the US Senate blocked a bill passed by the House of Representatives (HOR) to increase payments to Americans from six hundred to two thousand dollars. It is about personal a...
Handing out money
The US House of Representatives (HOR) has approved the idea of handing out two thousand dollars each to Americans, with a majority voting in favour of the initiative to increase direct payments to citizens as part of a na...
Asian markets rally
Asia-Pacific stock indices were broadly up on Thursday morning as they continue to wait to see whether the US Congress can come to a consensus on the latest stimulus measures.
Japan's Nikkei 225 index was up 0.09% by 9:56pm ET (...
What the US military budget will be like
The draft military budget for fiscal year 2021 has been agreed by both chambers of the US Congress.
"Just as the U.S. Congress has done for the last 59 consecutive years, we have reached a bipartisan, bicame...
Termination of the Fed lending programme
Dow Jones and the S&P 500 have declined following Steven Mnuchin's announcement that key lending programmes will expire on 31 December as most of the funding has not been used by businesses and should be ...
TikTok business
The Committee on Foreign Investment in the United States (CFIUS) has postponed the deadline for Chinese ByteDance (BD) to sell U.S. transactions of its popular short video-sharing service TikTok for another 15 days, The Wall Street J...
Technological and growth shares received a dose of adrenalin as the prospect of a split Congress next year put an end to reflective trading
The Dow Jones and NASDAQ Composite indices rose by more than 400 points each. A split Congress means that Dem...
Federal Reserve asked to provide tax assistance to America
With the expiration of the key provisions of the 2.2 trillion dollars CARES Act, which Congress extended in March, the Federal Reserve Board is once again hoping for it as the main economic ...
With a common goal of booting President Trump from the White House in November’s general election, the progressive and moderate wings of the Democratic Party mostly presented an image of unity last week at the...
Providing more aid to struggling governments has become one of the biggest issues tangling up the debate over another pandemic rescue package.
The U.S. economy struggled to shake off the last recession, with historically slow growth and a labor mark...
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