Month: December 2020

The number of people filing for unemployment benefits for the first time unexpectedly fell last week, marking its second straight decline. Initial jobless claims declined by 19,000 to 787,000 in the week ended Dec. 26, the Labor Department said Thursday. Economists polled by Dow Jones expected initial jobless claims to rise to 828,000. The previous
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President Donald Trump speaking in a released video on Twitter on Dec. 31st, 2020. The White House | Twitter WASHINGTON — In the final days of 2020, the United States saw coronavirus deaths spike, cases surge to staggering levels, hospitals strained and the rollout of desperately needed vaccines fall short of expectations. December was the deadliest
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Senate Minority Leader Chuck Schumer said Thursday that Democrats would allow for votes limiting a liability shield for tech companies and establishing a commission to examine the 2020 election if the GOP agreed to hold a separate up-or-down vote on sending $2,000 checks to most Americans. “Just give us a vote on the House-passed bill,
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Millions of Americans report not having enough money to pay for food during the pandemic. Michael Loccisano | Getty Images Entertainment | Getty Images The latest Covid relief package expands food benefits, giving further aid to millions of Americans who are facing financial difficulty because of the coronavirus pandemic.  The $900 billion stimulus bill signed
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For Dr. Anita Sircar, an infectious disease specialist, there are no breaks and few days off. An implacable surge of Covid-19 cases has overwhelmed Southern California hospitals and intensive care units for most of December after public health officials warned for weeks that people should refrain from gathering with those outside their households over the holidays. Yet
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U.S. President Donald Trump arrives to speak about the administration’s coronavirus disease (COVID-19) testing plan in the Rose Garden at the White House in Washington, September 28, 2020. Carlos Barria | Reuters A federal appeals court Wednesday kicked a legal battle over President Donald Trump’s financial statements back to a lower court, delaying House Democrats’
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MARK RALSTON | AFP | Getty Images There’s a chance that at least a couple of people will end 2020 far wealthier than most of us. With no ticket matching all six numbers drawn Tuesday in Mega Millions, the jackpot has jumped to $401 million for Friday night’s drawing. Powerball’s top prize isn’t far behind,
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Sir John Bell, a professor at Oxford University in the U.K., told CNBC on Wednesday he was confident that Covid-19 vaccines could be retooled to provide effective protection against future coronavirus mutations. Bell’s comments on “Closing Bell” come as global attention focuses on a strain of the virus widely circulating in the U.K. that may
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Michael Pack Source: US Senate Leaders of Radio Free Europe/Radio Liberty blasted the Trump-appointed CEO of the U.S. federal media agency. In a letter obtained by CNBC, leaders within the network criticized Michael Pack, the head of the U.S. Agency for Global Media. Radio-Free Europe/Radio Liberty is considered a non-federal broadcasting network, but it is
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Michael Nagle/Bloomberg via Getty Images Morgan Stanley will repay $1.7 million to customers who paid high costs on investments earmarked for education expenses like college tuition. The brokerage firm is paying the sum, including nearly $1.5 million in restitution plus interest, to about 2,300 customers who are saving money in 529 plans, the Financial Industry
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File photo showing stimulus checks printed at the Philadelphia Financial Center in Philadelphia, Pennsylvania. Jeff Fusco | Getty Images Efforts to boost the direct payments in the year-end coronavirus relief bill to $2,000 stalled Wednesday as Senate Republican leaders and Democrats appeared divided over whether to send more relief. The Democratic-held House has approved a
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Treasury Secretary Steven Mnuchin answers questions during a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in the Rayburn House Office Building in Washington, December 2, 2020. Greg Nash | Pool | Reuters WASHINGTON — The Trump administration will begin sending stimulus payments to millions of Americans
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SINGAPORE — The increasing regulatory scrutiny of Alibaba-affiliate and financial technology powerhouse Ant Group could be bad for the Chinese economy as well as China’s financial technology sector, says Andrew Collier, managing director of Orient Capital Research. The highly-anticipated listing of Chinese tech giant Ant Group — which was set to be the world’s largest
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A U.S. Congressman-elect from Louisiana who was 41 years old has died after a battle with Covid-19, his spokesman announced Tuesday night. Luke Letlow, a Republican, was elected as U.S. representative for Louisiana’s 5th Congressional District in a December runoff. Letlow spokesman Andrew Bautsch confirmed the congressman-elect’s death at Ochsner-LSU Health Shreveport on Letlow’s Facebook page.
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US President-Elect Joe Biden talks to reporters after delivering remarks, before the holiday, at The Queen in Wilmington, Delaware on December 22, 2020. Alex Edelman | AFP | Getty Images President-elect Joe Biden on Tuesday criticized the Trump administration’s effort to distribute and administer Covid vaccine shots, saying that the administration has failed to meet
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