The US Senate approved a bipartisan, nearly half-trillion-dollar relief package on Tuesday, with funding earmarked for devastated small businesses, overwhelmed hospitals, and a ramp-up of testing nationwide during the COVID-19 pandemic.
Procter & Gamble Co beat Wall Street expectations for quarterly profit on Friday as it reported its best U.S. sales growth in decades thanks to consumers stockpiling cleaning essentials in lockdowns against the coronavirus.
Ten of the world's largest banks, including JPMorgan Chase and Bank of America, have been sued for allegedly conspiring over nearly 14 years to rig prices in the US$9.6 trillion US corporate bond market, costing ordinary investors billions of dollars.
The price of US oil has turned negative for the first time in history. That means oil producers are paying buyers to take the commodity off their hands over fears that storage capacity could run out in May.
US President Donald Trump said on Monday he will sign an executive order to temporarily suspend immigration into the United States. “In light of the attack from the Invisible Enemy, as well as the need to protect the jobs of our GREAT American Citizens, I will be signing an Executive Order to temporarily suspend immigration into the United States”, Trump said in a tweet late on Monday.
Facebook Inc said on Monday that it has removed events in Nebraska, New Jersey and California promoting protests against stay-at-home measures amid the COVID-19 pandemic caused by the new coronavirus.
A bipartisan group of U.S. lawmakers called on Sunday for expanding payroll assistance to struggling local newspapers and broadcast stations that have seen advertising revenue plummet during the coronavirus pandemic.
An estimated 2,500 people rallied at the Washington state capitol on Sunday to protest Democratic Governor Jay Inslee’s stay-at-home order to limit the spread of COVID-19, defying a ban on gatherings of 50 or more people. The move follows similar actions in several states that took place on Saturday.
As President Donald Trump announces a halt in World Health Organization funding, accusing it of kowtowing to China over the coronavirus outbreak, Beijing is building on a well-established strategy of leveraging its global standing wherever the US lets go of the wheel.
US President Donald Trump said on Wednesday that his government is trying to determine whether the coronavirus emanated from a lab in Wuhan, China, and Secretary of State Mike Pompeo said Beijing “needs to come clean” what they know.