Source: Bloomberg, 22:28
Posts published in “Business”
U.S. can deliver COVID-19 aid checks quickly, but child tax credit is hurdle
U.S. House Democrats demand IRS to extend tax filing deadline to July 15
ECB fails to raise emergency bond buys, blames redemptions
U.S. consumers expect to spend more on rent and other bills, NY Fed survey finds
Bank of Canada expected to resist investor expectations of early rate hike
Topline While not yet widespread, a Covid-19 variant that’s shown some resistance to antibody treatments and vaccines appears to be spreading “pretty efficiently” through New York, Dr. Anthony Fauci said Sunday. Key Facts Fauci, the nation’s leading infectious diseases official and a member of President Biden’s coronavirus task force, told CBS’s “Face the Nation” that…
Topline Former Google CEO Eric Schmidt on Sunday urged lawmakers to ramp up funding for research and development in the artificial intelligence space in order to prevent China from becoming the biggest player in the global AI market–a development Schmidt warned would spark national security and privacy concerns that could ultimately constitute a national emergency.…
MacKenzie Scott, the world's 22nd richest person—courtesy of her divorce from Amazon founder Jeff Bezos—has found love again, and has married Seattle science teacher Dan Jewett. Scott, who is worth worth $53 billion according to Forbes, signed the Giving Pledge—a promise to give away half her fortune to charity in her lifetime—when her divorce with…
Last week, the House approved President Biden’s $1.9 trillion stimulus package . The stimulus bill now heads to the Senate, where it is currently being debated. A tiny provision in this latest stimulus bill could provide a big benefit to student loan borrowers. The legislation has numerous initiatives to provide financial assistance to broad sectors…