Jack Dorsey, the Square and Twitter CEO, plans to donate $1 billion of his equity in Square to create a COVID-19 relief fund that will contribute to other causes once the coronavirus pandemic passes. After the pandemic is over, his fund, #startsmall LLC, will give money toward cause such as universal basic income and girls’ […]
Yet Another Doc Reports Dramatic Improvement in Coronavirus Patients Using Hydroxychloroquine…
COVID-19 Deaths in New York ‘Effectively Flat’ for 2 Days as Curve Possibly Flattens…
Twitter CEO’s $1B Coronavirus Relief Comes from Square Stake…
Stocks Close Lower After Roller-Coaster Session, Dow Gives Up 900-Point Surge…
Stocks closed lower on Tuesday, giving up a massive rally from earlier in the day, as Wall Street assessed the latest news on the coronavirus outbreak. The Dow Jones Industrial Average closed 26.13 points lower, or 0.1%, at 22,653.86. The 30-stock average rose as much as 937.25 points, or 4.1%, at its session high. The […]
Treasury Secretary Steven Mnuchin Discusses Payroll Protection Program (VIDEO)…
Treasury Secretary Steven Mnuchin appears via phone on Fox Business News to discuss the small business payroll/paychecks program. Ms. Bartiromo claims her network of friends in the business community want to use the free government money for themselves; but the Treasury is forcing small businesses to use the money to retain payroll. Obviously Ms. Bartiromo […]
Mnuchin Asking for $250B to Replenish Small Business Loan Program…
Treasury Secretary Steven Mnuchin on Tuesday asked Congress to approve an additional $250 billion to replenish the fund for small business loans as thousands vie for the government-backed aid. Mnuchin said he spoke with Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, House Speaker Nancy Pelosi and House Minority Leader Kevin McCarthy about […]
The Fed Apparently Thinks It’s Going to Lose $454 Billion on Its Wall Street Bailout…
On Thursday, March 26, in the midst of a growing panic on Wall Street over a lack of liquidity for toxic debt, the Federal Reserve Chairman Jerome Powell did something unprecedented. He appeared live on the Today show. His interviewer, Savannah Guthrie, opened the interview by noting that one writer had said that the Fed […]
Michael ‘Big Short’ Burry Blasts “Unjustifiable” Lockdowns as “Most Devastating Economic Force in History”…
Infamous for his painful but ultimately profitable “big short” bet against mortgage-backed securities during the 2008 financial crisis, Michael Burry, the doctor-turned-hedge-fund-manager has been on a multi-day Twitter rant claiming that the lockdowns intended to contain the COVID-19 pandemic are worse than the disease itself. Echoing the thoughts of many, Burry opined in a series […]
Sen Rand Paul Recovers from Coronavirus, Tests Negative…
Sen. Rand Paul announced Tuesday that he has retested negative for COVID-19 after being diagnosed with the novel coronavirus and placing himself in self-quarantine last month. “I appreciate all the best wishes I have received,” Paul, R-Ky., tweeted Tuesday. “I have been retested and I am negative.” He added: “I have started volunteering at a […]
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