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 began sending stimulus payments […]
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Oxford-AstraZeneca Covid vaccine approved by UK regulator
A Brazilian doctor voluntarily receives an injection as part of phase 3 trials of a vaccine developed by the University of Oxford and British pharmaceutical company AstraZeneca, in July 2020. Nelson Almeida | AFP | Getty Images LONDON — The coronavirus vaccine being developed by the University of Oxford and […]
Europe’s digital banks got a ‘wake-up call’ in 2020. And consolidation could be coming
The icons for the Monzo and Starling Bank banking apps on a smartphone. Adrian Dennis | AFP via Getty Images LONDON — In a year when online banking has taken off, you’d think it would be a golden opportunity for Europe’s digital challenger banks to shine. Research from Mastercard last […]
China revises 2019 GDP lower with a $77 billion cut to manufacturing
Workers are seen at the production line of lithium-ion batteries for electric vehicles (EV) at a factory in Huzhou, Zhejiang province, China. Reuters BEIJING — China’s National Bureau of Statistics revised the national growth rate for 2019 lower on Wednesday with major cuts in the manufacturing sector. The downward adjustment […]
China’s IPO market is set to keep booming in 2021, says investor
SINGAPORE — China’s IPO market is set to keep booming next year even after a blockbuster 2020, according to the chief investment officer of a Chinese financial services firm. It has been a “very exciting” year for China’s domestic stock market, William Ma of Noah Holdings (Hong Kong) told CNBC’s […]
‘Bullet has left the chamber’: Biden will not likely roll back Trump campaign against China tech
US President-elect Joe Biden delivers remarks on the Electoral college certification at the Queen Theatre in Wilmington, Delaware on December 14, 2020. Roberto Schmidt | AFP | Getty Images GUANGZHOU, China — President-elect Joe Biden is unlikely to reverse President Donald Trump’s challenge to China’s technology industry and companies — […]
The U.S. needs to vaccinate 3 million people per day to hit Covid vaccination goal, doctor says
Dr. Carlos del Rio warned “The News with Shepard Smith” that the effort to vaccinate Americans needs to “change dramatically,” as the United States missed its vaccination goals two weeks after Americans started receiving shots. “If we’re going to get to have every single American who needs a vaccine and […]
$600 stimulus checks are officially on the way. Here’s who will get them first
The $600 stimulus checks from the latest Covid relief bill are officially on their way to bank accounts, according to two tweets from Treasury Secretary Steven Mnuchin on Tuesday evening. The checks could arrive as early as tonight for those who have direct deposit, according to Mnuchin. Your stimulus check […]
$600 stimulus payments will start going out Tuesday night, Treasury Secretary Mnuchin says
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 […]
Stock futures flat after market retreats from record highs
U.S. stock index futures were little changed in overnight trading on Tuesday as the market tried to reclaim record highs. Contracts tied to the Dow Jones Industrial Average slid 12 points. S&P 500 futures declined 0.07%, while Nasdaq 100 futures were down 0.04%. The move came after the major averages […]