Business > U.S.

Stocks open 2% higher after Senate passes virus relief bill

14 days ago   |   By Boston Herald

NEW YORK - Stocks are opening broadly higher on Wall Street after the Senate approved a $2.2 trillion bill to provide economic relief for damage done by the coronavirus outbreak. Major indexes were up more than 2% in early trading Thursday, following their first back-to-back gains since a dramatic sell-off took hold of markets five weeks ago. Investors were relieved that a massive surge in unemployment applications, despite busting records at 3.3 million, fell short of the worst forecasts. The outbreak has happened so suddenly that the jobless report is one of the first points of data...
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Senate's $2 trillion coronavirus package includes payroll tax delay for employers

14 days ago   |   By CNBC

The Senate's $2 trillion stimulus package designed to contain the economic damage from coronavirus will postpone payroll taxes for employers.
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Uber's CEO welcomed a $2 trillion stimulus bill that would finally let US drivers claim unemployment insurance

Uber's CEO welcomed a $2 trillion stimulus bill that would finally let US drivers claim unemployment insurance

14 days ago   |   By Business Insider

The Senate on Wednesday passed its $2 trillion coronavirus economic bailout bill, which included provisions that would make gig-economy workers eligible for unemployment insurance.
Uber CEO Dara Khosrowshahi welcomed the bill, and said he hoped the government would pass more laws in future making contract workers eligible for further benefits.
Uber has always fought vehemently against legislation that would re-classify its drivers as employees.
Visit Business Insider's homepage for more stories .
Uber CEO Dara Khosrowshahi tweeted on Wednesday night welcoming the US Senate's $2 trillion...
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Massive coronavirus aid plan wins unanimous Senate approval

14 days ago   |   By Arizona Daily Star

The Senate passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic.
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The $2 trillion coronavirus stimulus package isn't green, but it helps

14 days ago   |   By Fortune

Good morning.
The U.S. Senate passed a $2 trillion stimulus package designed to bolster the economy that is entering atrophy under the COVID-19 pandemic, which has infected over 69,000 in the U.S.
The unanimous approval of the measures -which constitute the largest emergency aid package in U.S. history-came late Wednesday evening after days of debate where environmental lobbyists pushed to include more green clauses.
“Democrats won't let us fund hospitals or save small businesses until they get to dust off the Green New Deal,” Senate Majority
Leader Mitch McConnell said
Monday after...
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Senate unanimously passes $2.2 trillion economic rescue package in response to coronavirus pandemic

14 days ago   |   By ABC

The Senate passed an unparalleled $2.2 trillion economic rescue package on Wednesday night. A House vote is expected on Friday.
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Senate unanimously passes $2.2 trillion economic rescue package in response to coronavirus pandemic

14 days ago   |   By ABC

The Senate passed an unparalleled $2.2 trillion economic rescue package on Wednesday night. A House vote is expected on Friday.
Read more ...

 

Senate unanimously passes $2.2 trillion economic rescue package in response to coronavirus pandemic

14 days ago   |   By ABC

The Senate passed an unparalleled $2.2 trillion economic rescue package on Wednesday night. A House vote is expected on Friday.
Read more ...

 

Senate unanimously passes $2.2 trillion economic rescue package in response to coronavirus pandemic

14 days ago   |   By ABC

The Senate passed an unparalleled $2.2 trillion economic rescue package on Wednesday night. A House vote is expected on Friday.
Read more ...

 

After Senate vote, massive U.S. coronavirus bill moves to the House

14 days ago   |   By Reuters

The U.S. Senate's unanimous passage of a $2 trillion coronavirus relief bill sent the unprecedented economic legislation to the House of Representatives, whose Democratic leaders hope to pass it on Friday.
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Senate passes $2.2 trillion coronavirus rescue package

14 days ago   |   By Boston Herald

By ANDREW TAYLOR
WASHINGTON - The Senate passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic.
The unanimous vote Wednesday came despite misgivings on both sides about whether it goes too far or not far enough and capped days of difficult negotiations as Washington confronted a national challenge unlike it has ever faced.
The 880-page measure is the largest economic relief bill in U.S. history. Majority Leader Mitch McConnell appeared somber and exhausted as he announced the vote - and...
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6.6 Million More File For Unemployment As Coronavirus Keeps Economy Shut

6.6 Million More File For Unemployment As Coronavirus Keeps Economy Shut

The number of people seeking jobless benefits shot up again last week, as 6.6 million more of the unemployed filed first-time claims. Nearly 17 million have filed in the past... Read more ...

Congress in standoff on virus aid, but first checks coming

Congress in standoff on virus aid, but first checks coming

For the next coronavirus aid package, the White House wants to pump $250 billion into a small business fund but opposes Democrats' proposal to tack on billions for protective... Read more ...

6.6 Million More File For Unemployment As Coronavirus Keeps Economy Shut

6.6 Million More File For Unemployment As Coronavirus Keeps Economy Shut

The number of people seeking jobless benefits shot up again last week, as 6.6 million more of the unemployed filed first-time claims. About 17 million have filed in the past... Read more ...

A USS Theodore Roosevelt sailor with coronavirus was taken to the ICU, as...

A USS Theodore Roosevelt sailor with coronavirus was taken to the ICU, as cases on the aircraft carrier continue to rise

A sailor assigned to the aircraft carrier USS Theodore Roosevelt has been taken to the US Naval Hospital Guam and placed in an intensive care unit. The sailor tested positive... Read more ...

Saudi Arabia plowed $1 billion into Shell and other European oil producers

Saudi Arabia plowed $1 billion into Shell and other European oil producers

Saudi Arabia snapped up about $1 billion worth of stock in four European oil companies, The Wall Street Journal reported on Wednesday . The kingdom took advantage of the... Read more ...

COVID-19: Business loses license, 9 others under investigation in San Benito...

COVID-19: Business loses license, 9 others under investigation in San Benito County

Hollister Mayor Ignacio Velazquez confirmed with Action News that Smokey Pete's Smoke Shop had its business license revoked after illegally operating during the stay-at-home order. Read more ...

A reporter asked Trump if he'd pardon Joe Exotic from 'Tiger King' and Trump...

A reporter asked Trump if he'd pardon Joe Exotic from 'Tiger King' and Trump said he'd look into it

President Donald Trump joked at his Wednesday press briefing that he would "take a look" at pardoning Joe Exotic from Netflix's "Tiger King." The now-famous zookeeper is... Read more ...

SEC Suspends Trading Of Company That Sold 'At-Home' COVID-19 Tests

SEC Suspends Trading Of Company That Sold 'At-Home' COVID-19 Tests

Wellness Matrix Group said the test had been approved but the Food and Drug Administration said it has not authorized any such product. (Image credit: Brendan Hoffman/Bloomberg... Read more ...

Anthony Fauci's vision for battling a second wave of coronavirus in the...

Anthony Fauci's vision for battling a second wave of coronavirus in the fall: Be prepared like we should have been in January

On Wednesday, Dr. Anthony Fauci discussed his playbook for preparing the US for potential future waves of COVID-19 infections , which could come after lockdowns lift or in the... Read more ...

Nearly 60% of the passengers on an Antarctic cruise ship have tested...

Nearly 60% of the passengers on an Antarctic cruise ship have tested positive for the coronavirus

More than half of those on board an Antarctic cruise ship have already tested positive for the coronavirus. The ship is stranded off the coast of Uruguay and not allowed to... Read more ...