Trump administration


No Image

GM Hustles to Pump Out Ventilators to Fight Coronavirus

When President Trump last week criticized General Motors Co.’s effort to produce ventilators, GM executives were flabbergasted. They felt the company was being unfairly targeted by the president, say people familiar with their thinking.GM had begun collaborating with a ventilator company a couple of weeks earlier. It had mobilized more than 1,000 employees and nearly…



No Image

Dow, S&P 500 Rise More Than 6% As Volatility in Stocks Continues

The Dow Jones Industrial Average surged more than 11% Tuesday, its biggest one-day gain since 1933, on signs that lawmakers were nearing a deal on a giant stimulus package to ease the economic fallout from the coronavirus pandemic.Major indexes opened sharply higher after Treasury Secretary Steven Mnuchin and Senate Minority Leader Chuck Schumer (D., N.Y.)…


Dow Futures Dive as Bloomberg Leaks Mnuchin’s 20% Unemployment Fear

Dow Futures Dive as Bloomberg Leaks Mnuchin’s 20% Unemployment Fear

Dow futures dropped 600 points overnight after the index up more than 1,000 points Tuesday. Dow bears sold off as Bloomberg broke a report claiming Treasury Secretary Stephen Mnuchin believes U.S. unemployment could reach as high as 20%. Charles Schwab believes that institutional money will be reluctant to sell and could slow the stock market…


Wall St surges as US plans virus testing boost

Wall St surges as US plans virus testing boost

Mar 14, 2020 – 5.19amUS stocks surged in late trading, with the Dow ending up 1935 points or 9.4%, paced by Intel, American Express and JPMorgan Chase – each closed up at least 18%.The surge came after President Donald Trump declared a national emergency, seemingly reassuring investors that his administration was finally taking the coronavirus…


No Image

Census Case Judge Rejects Trump Plan to Switch Legal Team

A federal judge in New York on Tuesday rejected the Trump administration’s plan to switch legal teams in the census case, throwing another wrench into the government’s drive to overcome a Supreme Court ruling that blocked its plan to ask every U.S. household how many residents are citizens.The Justice Department announced on Sunday it was…


No Image

Dow Flinches as Walmart-Led Lobby Demands Probe of Amazon & Google

The stock market’s trade war jubilee doesn’t look poised to carry over into a second day, as the Dow struggled to build on yesterday’s triple-digit gain.Rather, the index teetered sideways after a Walmart-backed retail coalition demanded that the Trump administration target Amazon and Google for anticompetitive practices.Dow Teeters in Wake of G-20 EuphoriaAll of Wall…



No Image

Dow Ekes Out Gains Without Rate Cut as Defiant Powell Defends His Job

Published: 19/06/2019 16:05 EST. Journalist: By CCN Markets: The Dow Jones Industrial Average was meandering in and out of positive territory as investors digested a fascinating Federal Reserve meeting. In the end, stocks managed to hold onto gains, with the Dow closing at 26,504, up fractionally. By keeping rates on hold, Chairman Jerome Powell faced…