The Republican-led Senate appeared on track to pass a bipartisan coronavirus bill around the middle of this week, after the Democratic-controlled House voted overwhelmingly for the legislation on Saturday and President Donald Trump threw his support behind it. At the same time, Senate Majority Leader Mitch McConnell, the Kentucky Republican, and House Speaker Nancy Pelosi, […]
President Trump is starting to sound worried about the coronavirus. During a White House press briefing on the pandemic, the president — who has faced criticism over what many believe to be his casual response to COVID-19 — said “this is a very bad one” because of its “sort of record-setting type contagion,” and he’s […]
As the global coronavirus outbreak continues to shutter businesses and schools across America and upend the stock market, a number of commentators on the right have been busily floating conspiracy theories about what’s behind the outbreak, or even how real it is. “People should ask themselves whether this coronavirus ‘pandemic’ could be a big hoax, […]
Seven members of a family were fatally shot over the weekend in North Carolina, the Chatham County Sheriff’s Office said Monday. The suspect is among the dead, sheriff’s office spokeswoman Lt. Sara Pack told NBC News. Pack said the incident is a suspected murder-suicide but authorities are still investigating a possible motive. It occurred in […]
White House trade adviser Peter Navarro did not react well when confronted by CNN anchor Poppy Harlow on Monday morning over sinking stock markets in the wake of a full-blown coronavirus pandemic, insisting that now wasn’t the time to talk about whether the president’s response to the crisis was causing markets to plummet. Appearing on […]
AFP via Getty Images Americans should “prepare to hunker down more” at home, said Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases. A national lockdown is not out of the question to Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Disease. Asked on “Meet the […]
‘BIGGEST STOCK MARKET RISE IN HISTORY YESTERDAY!’ President Donald Trump That is Trump on Saturday morning, referencing the Friday surge by the Dow Jones Industrial Average DJIA, +9.36% , the S&P 500 index SPX, +9.29% and the Nasdaq Composite COMP, +9.35% , which constituted the major equity benchmarks’ biggest daily percentage gains since 2008. Friday’s Dow […]
‘We didn’t know how to navigate the virus and chose not to because we didn’t think we had an edge in trading it. So, we stayed in our positions and in retrospect we should have cut all risk.’ Ray Dalio Ray Dalio’s deft navigation of the financial crisis 12 years ago helped to burnish his […]
Reuters President Donald Trump praised the Federal Reserve on Sunday night after its surprise policy announcement. President Donald Trump on Sunday night praised the Federal Reserve’s surprise move to cut interest rates to near zero, just a day after he said he had the power to demote or dismiss the central bank’s chairman. Appearing in […]
The Federal Reserve on Sunday threw in the proverbial sink to limit the expected slowdown from the coronavirus. In a rare Sunday decision that comes only days before their formal meeting, the central bank slashed its benchmark interest rate to zero and implemented a bond-buying program of at least $700 billion. In a statement, the […]