[NFA] U.S. House of Representatives Speaker Nancy Pelosi and Republican Senate Majority Leader Mitch McConnell spoke on the phone Thursday and agreed that a COVID-19 relief package and a government funding bill should pass “as soon as possible." Colette Luke has more.
On Wednesday, Democrats will pick up a Senate seat when former astronaut Mark Kelly is sworn in as a US senator for Arizona. Kelly defeated Republican Sen. Martha McSally last month. Other senators-elect will have to wait until January to be sworn in for the new Congress. CNN reports that Kelly is able to take the oath of office right away since he won a special election. The swearing-in is slated to take place Wednesday afternoon.
Georgia Secretary of State Brad Raffensperger, a Republican, said Wednesday that Democrat Joe Biden "will be carrying Georgia, he is our president-elect," noting there were no substantial changes after the state's second recount demanded by Republican President Donald Trump's campaign, and calling out Trump's repeated claims of voter fraud.
Lukas Jackson/Reuters US stocks closed mixed on Thursday amid falling jobless claims and new hopes for a stimulus deal. The Nasdaq composite closed at all-time highs, while the S&P 500 lost its record close in the final hour of trading. New weekly claims for unemployment insurance totaled an unadjusted 712,000 for the week that ended Saturday. Economists surveyed by Bloomberg expected a reading of 775,000.
The S&P 500 climbed to a record high close on Wednesday, and the Nasdaq Composite Index dipped as investors weighed upbeat vaccine developments and a potential coronavirus fiscal package against a bleak private jobs report. Conway G. Gittens reports.
The S&P 500 is up 13 percent year-to-date, recovering from a steep nose-dive earlier this year, which could present many investors near retirement age with the best chance to lock-in their gains for the year, Rhian Horgan of retirement planning app Silvur told Reuters Business Correspondent Conway G. Gittens.
The S&P 500 and Nasdaq Composite indexes closed at record highs on Tuesday, as investors applauded renewed stimulus talks in Washington and bet a COVID-19 vaccine will be available soon. Conway G. Gittens has all the Wall Street action.
It was a banner month for global stocks, powered in part by the biggest November gain for the S&P 500 in history and the strongest monthly performance for the Dow since 1987. Conway G. Gittens has the details.
[NFA] U.S. President Donald Trump on Thursday declined to say whether he still had confidence in U.S. Attorney General William Barr after the Department of Justice chief this week said there was no sign of major fraud in last month's presidential election. This report produced by Chris Dignam.
Senate Majority Leader Mitch McConnell gave an emotional tribute to his longtime friend and colleague Senator Lamar Alexander (R-TN), who then gave a farewell speech on the Senate floor after 18 years of service.
One of the highlights of Donald Trump's Presidency was the confrontation with China on various accounts - from trade to territory. Beijing will continue to be one of the biggest challenges facing US President-elect Joe Biden. How he counters the 'dragon' will be of significance for India, which is already locked in a military stand-off with its expansionist neighbour. Keeping China in check will also dictate how Pakistan acts, especially in the aftermath of US' troop pullout from Afghanistan. Watch Pramit Palchaudhuri and Sushant Sareen try to predict Biden's foreign policies, in this conversation with Hindustan Times' Aditi Prasad.
Credit: HT Digital Content Duration: 12:23Published
The second and final debate between US Presidential election candidates Donald Trump and Joe Biden saw better articulation of their views and policy visions, but one area which didn't see much discussion was foreign policy. India was mentioned just once by Trump, when he called the country's air 'filthy' while commenting on climate change commitments. So which would be better for India - a continuation of the Trump administration in the White House, or the victory of challenger Biden? One big factor in the equation would be the next US government's attitude towards China. While Trump has been increasingly confrontational with Beijing, experts feel that Biden may adopt a less aggressive strategy. Former Indian ambassador to the US, Meera Shankar and Foreign Editor, Hindustan Times Pramit Palchaudhuri discuss the question with Hindustan Times' Aditi Prasad.
Credit: HT Digital Content Duration: 09:57Published
The Wall Street Journal reported Pfizer cut the number of vaccines it planned to ship in 2020. According to Business Insider, this is due to supply chain delays. Sources say Pfizer sourced materials and set up supply chains while developing a vaccine. This is an "unprecedented" move in the world of medicine and vaccine development. But Pfizer and BioNtech maintain they will produce 1.3 billion doses by the end of 2021.
UPS has told drivers to stop picking up packages from some large retailers during the holiday season. Business Insider reports the move is just temporary. This year is expected to be busier than usual for carries. More retailers are relying on online orders for holiday shopping. UPS has told drivers to stop picking up packages from some large retailers as the holiday shipping season picks up.
On Wednesday, December 2nd, the US coronavirus outbreak set grim new records. 3,100 Americans died, a new high. Business Insider reports number of virus hospitalizations passed 100,000. The US is still the worst-affected country in the world. Officials are issuing dire warnings about the months ahead. President Donald Trump is barely mentioning the virus. He is still fixated on his election loss a full month after voting ended.
The mayor of Austin, Texas, told his constituents on a video call last month to 'stay home' and avoid unnecessary travel. The message was a bid to stem the spread of the novel coronavirus in the city and across Texas, as COVID-19 patients are already overwhelming hospitals. But according to Business Insider, Mayor Steve Adler, a Democrat, neglected to mention where he was when he filmed the public service announcement.
The NY Times reports that Pres. Elect Joe Biden plans to keep Christopher Wray on as FBI Director. A senior Biden official told The Times Biden was "not removing the FBI director unless Trump fired him." Business Insider speculated the move is part of the Biden team's broader effort to restore trust intelligence and justice systems. The institutions which have been in place to protect Americans has become overtly politicized under the Trump administration.