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Category: Economy & Business
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Chinese Smartphone Giant Xiaomi Added to U.S. Investment Blacklist
The U.S. Defense Department added the company to a list that the department says support China’s military.
Chicago Mayor Calls to Reopen Restaurants to Mitigate Risk of Underground Parties
Chicago has recorded over 424,000 coronavirus cases since the start of the pandemic, and close to 9,000 residents have died
NYSE Backtracks on Plan to Delist Chinese Telecommunications Firms
The NYSE subsequently announced it would delist the firms on January 7, but backtracked on Monday for unspecified reasons.
McConnell Criticizes $2,000 Stimulus Check Plan as Benefitting High-Earners
Married couples making between $150,000 and $200,000 a year, and in some cases up to $300,000 would still receive some
Sanders Threatens to Stall Defense Veto Override Until Senate Votes on $2,000 COVID Checks
Sanders cannot indefinitely hold up the override vote, currently scheduled for Tuesday, but he can delay it until the new
House Overrides Trump Veto of Defense Bill
The House secured enough votes to override President Trump’s veto of the National Defense Authorization Act on Monday, sending the
Rand Paul Outlines $54 Billion in ‘Outlandish’ Government Waste in Annual Festivus Report
Among Paul’s instances of waste were several health studies, including more than $36 million spent on studying why stress makes
Dem Leadership Joins Trump in Calling for $2,000 Stimulus Checks
Following Trump’s remarks, Ocasio-Cortez and Tlaib announced a standalone bill that would send out $2,000 checks.
Australia Stands Up to an Unhinged Beijing Bullying Campaign
China goes to the mattresses to punish the government challenging its pandemic response. Australia pushes back.
The Fake Controversy around Steve Mnuchin’s Fed Letter
Silly debates over whether emergency credit-facility programs should be allowed to expire — they should — distract from a more
Uber, Lyft Escape California’s Crackdown — but Law Will Continue to Devastate Gig Economy
While it’s nice that industries with deep pockets were able to win carve-outs via ballot measure, the devastating effects of
Biden Is Wall Street’s Candidate
Joe Biden is scooping up the lion’s share of big-money contributions from finance leaders on Wall Street.
House Approves $2.2 Trillion Coronavirus Relief Bill
The Democrat-controlled House passed the measure without any GOP votes ahead of representatives’ last day in Washington on Friday.
Trump Signs Stopgap Spending Bill Averting Shutdown
The spending bill signed early Thursday morning will allocate funding for the federal government until December 11.
Trump Administration Wants U.S. Investors to Hold Majority Stake in TikTok
Officials in the administration have expressed skepticism over a deal that would leave Chinese-based ByteDance with a majority stake in
U.S. Bans Cotton, Other Products from Xinjiang, Citing Forced Uyghur Labor
Officials added that the ban was initially limited in order to be “legally unassailable” but that more prohibitions are to
Rioters Have Caused Nearly $2 Million in Damage to City Property in Kenosha
That estimate is based on what it would cost to replace the damaged equipment, according to Kenosha Public Works Director
TikTok CEO Resigns after Trump Administration Threatens to Ban the App
Kevin Mayer is resigning after only three months, as the company seeks to sell off its U.S. operations before September
The Capital Note: Thinking Through Lockdowns
On the menu today: Lockdowns, a small-company debt crunch, a motel revival, nukes, and short sellers.
The Capital Note: Update from ESG Street
On the menu today: ESG, Trader Joe’s COVID challenges, autonomous trucks, Argentine subsidies, and Soviet gold.
S&P 500 Closes at Record High, Rebounding From Pandemic Losses
The S&P 500 climbed 0.23 percent, surpassing its intraday high of 3,393.52, before beating its February record.
Senate Adjourns Through Labor Day Without Reaching Coronavirus Relief Deal
Mitch McConnell said that if an agreement is reached while the Senate is adjourned, they will come back to vote
U.S. Companies Push for Leniency in Trump’s Ban of Chinese App WeChat
Trump ordered the Commerce Department earlier this month to draw up a plan to ban WeChat within 45 days.
The Chinese Economic Threat
As Sino–American relations continue to deteriorate, liberal democracies need to unite against China’s ever-expanding economic influence.
Schumer Pushes Tax Cut for High Earners as Part of COVID Relief Bill
Most Republicans oppose repealing the cap, saying that a repeal would primarily benefit high-income people in coastal states.
Zuckerberg To Testify that Anti-Trust Legislation against Facebook Will Only Aid China
Facebook chief executive officer will argue that any weakening of U.S. companies will cede territory to Chinese companies.
Pondering Our Remote-Work Future
Will it bring us together and revive local communities ─ or drive us apart and exacerbate class divisions?