Economy

Mnuchin denies trying to limit Biden's economic options

14 days ago   |   By Stl Today

WASHINGTON - Treasury Secretary Steven Mnuchin denied on Friday that he is attempting to limit President-elect Joe Biden's options for reviving the pandemic-damaged economy by ending several emergency loan programs being run by the Federal Reserve.
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Mnuchin denies trying to hinder incoming administration

Mnuchin denies trying to hinder incoming administration

14 days ago   |   By Finance Commerce

Treasury Secretary Steven Mnuchin denied that he is attempting to limit the choices President-elect Joe Biden will have to promote an economic recovery by ending several emergency loan programs being run by the Federal Reserve.
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US stocks slide amid dispute over Fed funds and spiking COVID-19 cases

15 days ago   |   By Business Insider

Bryan R Smith/Reuters
US stocks fell on Friday as conflict over the use of Federal Reserve funds offset positive developments for vaccine distribution. Treasury Secretary Steven Mnuchin urged the Fed on Thursday to return funds set aside for emergency lending , setting up several relief programs for year-end expiration. The move marked a rare bout of disagreement, as the Fed replied with a call to extend "the full suite of emergency facilities" past their upcoming deadlines. Pfizer and BioNTech both gained after applying for emergency-use authorization for their experimental coronavirus...
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Fed, Treasury Department Split On When To Cut Off Pandemic Loan Programs

15 days ago   |   By NPR

Treasury Secretary Steve Mnuchin wants to let the emergency loan programs expire at the end of the year. Federal Reserve Chair Jerome Powell says that's too soon.
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Mexico's president asked citizens to avoid holiday festivities this season...

Mexico's president asked citizens to avoid holiday festivities this season to limit the spread of the coronavirus

Summary List Placement Mexico President Andrés Manuel López Obrador told citizens on Friday to avoid festivities and exchanging gifts this holiday season to stop the spread of... Read more ...

The Latest: National Guard helps at Idaho urgent-care clinic

The Latest: National Guard helps at Idaho urgent-care clinic

BOISE, Idaho - National Guard troops are directing people outside a Boise urgent-care clinic revamped into a facility for coronavirus patients. Read more ...

Historian groups sue White House over fears the Trump administration will...

Historian groups sue White House over fears the Trump administration will destroy records before leaving office

Summary List Placement Several groups focused on preserving historical records are suing some members of President Donald Trump's administration, hoping their legal effort will... Read more ...

The Latest: US reaches daily high of nearly 228,000 cases

The Latest: US reaches daily high of nearly 228,000 cases

WASHINGTON - Coronavirus infections continue to spread at record levels in the United States, reaching a new daily high of nearly 228,000 cases on Friday. Read more ...

3 ways buying an investment property is different from buying a home...

3 ways buying an investment property is different from buying a home, according to a landlord who knows

Summary List Placement Investing in real estate is different than owning a home to live in yourself. Borrowing money to buy a rental property comes with several requirements... Read more ...

Only 25 Congressional Republicans recognize Biden's presidential win, new...

Only 25 Congressional Republicans recognize Biden's presidential win, new survey says

Summary List Placement Only 25 Congressional Republicans - including 11 out of 52 GOP Senators and 14 out of 197 GOP House members - have recognized President-elect Joe Biden's... Read more ...

A Google and Microsoft alum who raised $140 million to take on Microsoft...

A Google and Microsoft alum who raised $140 million to take on Microsoft Office explains why productivity is one of the most attractive 'jokes' in Silicon Valley

Summary List Placement It was a red-letter year for software companies that help people get work done. As the pandemic forced businesses to shutter their offices, they reached... Read more ...

Goldman Sachs says buy these 8 cheap value stocks to cash in on a sharp...

Goldman Sachs says buy these 8 cheap value stocks to cash in on a sharp global activity rebound in 2021 - including one that could rally 71%

Summary List Placement The markets have experienced significant volatility in recent months following the build up to the US election and the uncertainty surrounding the... Read more ...

Here's how a little-known telehealth startup is poised to make a mark by...

Here's how a little-known telehealth startup is poised to make a mark by helping the UK roll out the first coronavirus vaccine

Summary List Placement Brits can start scheduling appointments to get Pfizer's COVID-19 shot as early as next week, after the UK regulator approved the vaccine on Monday. They... Read more ...

Excellence in Construction Awards: Alpha Insulation ensured fireproofing for...

Excellence in Construction Awards: Alpha Insulation ensured fireproofing for WellStar Kennestone's new ER

Alpha Insulation and Waterproofing won an Excellence Award in the Specialty Contractor Other Specialty Construction Under $1 million category of the Associated Builders and... Read more ...