Archive for March 25th, 2020

<p>Tucked into the largest bailout in United States history — a $2 trillion federal stimulus package agreed to by congressional leaders and the White House early Wednesday in an effort to reduce the economic devastation of the coronavirus outbreak — are a range of provisions that stand to benefit specific industries and interest groups.</p>

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<p>As Congress debated the details of the bailout this week, lawmakers wrestled with how far Congress should go to help another set of American corporate titans two years after tax reform and less than a dozen years after the bank and auto industry bailouts of the Great Recession.</p>

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In at least a third of US states, society is now divided into two parts: Essential and non-essential. Health care services, grocery stores and gas stations make the cut. Malls, gyms and movie theaters do not.

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Analysts project companies like MGM Resorts International and Caesars Entertainment have money to last anywhere from eight to 16 months.

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<p>Stocks turned mixed Wednesday after building on a rally from the previous session in anticipation of a coronavirus rescue deal by Congress. The White House and Senate reached an agreement overnight.</p><p></p>

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Older Americans are at a high risk for serious illness from the coronavirus, and most who are over age 65 are covered by Medicare.&nbsp;

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<p>One of the last bastions of normal American life could not escape the outbreak.</p>

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<p>The Dow Jones Industrial Average on Wednesday built on its historic rally from the previous session in anticipation of a coronavirus stimulus deal by Congress. The White House and Senate reached an agreement overnight.</p>

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The massive stimulus package negotiated between the Trump administration and congressional leaders early Wednesday is an unprecedented $2 trillion aid package designed to help the public and the economy to rebound from the coronavirus pandemic.

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<p>The Dow Jones Industrial Average built Wednesday on its historic rally from the previous session in anticipation of a coronavirus stimulus deal by Congress.</p>

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The ex-Fed chairman who served before and after the 2008 financial crisis said Wednesday the coronavirus economic halt is more like natural disaster than a classic depression.

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<p>The Dow Jones Industrial Average was set to open higher on Wednesday following Tuesday’s historic rally in anticipation of a coronavirus stimulus deal by Congress.</p>

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<p>Stock futures pointed to a pullback at the open Wednesday following Tuesday’s historic rally in anticipation of a coronavirus stimulus deal by Congress. </p>

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President Trump's businesses are barred from getting loans or investments under the new $2 trillion coronavirus stimulus deal, according to Senate Minority Leader Chuck Schumer.

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Retailers in the U.S. and Europe are suspending and cancelling clothing orders, threatening millions of factory jobs in Asia just as China shows signs of recovering from the worst of the coronavirus outbreak.

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