U.S. ending special treatment of Hong Kong amid tensions with Beijing

America removes Hong Kong’s ‘special status’ FOX Business’ Edward Lawrence says by removing Hong Kong’s ‘special status,’ it will be treated as if it were mainland China. The United States is ending its special treatment of Hong Kong as separate from mainland China, with both the State and Commerce departments announcing actions Monday that will […]

Unrest Is Changing the Way Americans Spend Money

The back-to-back shocks of a deadly virus, lockdowns and civil unrest have a growing number of Americans reevaluating not just their life priorities, but also how — or even, if — they’ll spend their money. Good.Must.Grow, a Los Angeles-based firm, said its Conscious Consumer Spending Index, which tracks expected purchases of socially responsible brands, suddenly rebounded after trending down since […]

Recipients of Coronavirus Stimulus Checks Include the Recently Deceased

The government’s economic stimulus payments are being distributed to a wide swath of Americans, including some who are recently deceased. When the money reached many Americans’ bank accounts on Wednesday, some recipients were surprised to find payments for spouses or parents who had passed away. It’s an expected consequence of a program passed with urgency […]

Trump to U.S. Postal Service: Drop Dead

“We told them very clearly that the president was not going to sign the bill if [funding for the Postal Service] was in it,” an official from President Trump’s administration told the Washington Post when discussing the $2 trillion Coronavirus Relief Aid that passed weeks ago. Trump made it clear that he would veto the […]

Pelosi Praises Plan as ‘Closer’ to Workers: Congress Update

Republicans and Democrats reached a hard-won agreement on the Senates $2 trillion worth of fiscal stimulus to shore up an economy crippled by the coronavirus pandemic. The Senate returns at noon Wednesday, and while a vote is expected, Majority Leader Mitch McConnell has not yet set a time. The final version was the product of […]

Pelosi’s $2.5 Trillion Virus Bill Delays Mortgage, Car Payments

House Speaker Nancy Pelosi unveiled a $2.5 trillion virus economic stimulus plan in a bid to shape negotiations on a Senate measure that stalled on Monday, triggering a sell-off in U.S. equities markets. Pelosi’s 1,400-page bill would have broad implications for the financial sector. It would force lenders to grant a temporary reprieve from mortgage […]

BNTX On Fire, QDEL’s Coronavirus Test Gets FDA’s EUA, CureVac Back In The News

Today’s Daily Dose brings you news about BioNTech’s deal with Pfizer for developing coronavirus vaccine, the curious case of CureVac’s CEO exit, Regeneron’s progress in COVID-19 vaccine development, and FDA’s Emergency Use Authorization of Quidel’s coronavirus test. Read on… Shares of BioNTech SE (BNTX) continued the rally for the second day on Tuesday, following a […]

COVID-19 Update Mar.9: Prisoners Released, Country In Lockdown, Trading Halt

Here are the latest updates of the COVID-19 outbreak as of Monday, March 9, 2020. The new coronavirus COVID-19 is spreading rapidly, with more than 112,398 infections and 3,987 deaths having been reported across the globe as per the latest update. China, being the hardest hit, accounts for 74% of the infections. However, the number […]

Powell’s Fed Seeks to Limit Pain of Unavoidable Economic Slump

Federal Reserve Chairman Jerome Powell recognizes that he can’t prevent what increasingly looks like a sudden stop of the U.S. economy, but he’s still hoping to avoid a freezing up of financial markets that makes the pain even worse. In a roughly 40-minute conference call with reporters on Sunday after the Fed slashed interest rates […]