News

Trump calls for Americans to receive ‘more money in direct payments,’ as Congress sets the stage to pass a relief package with $600 stimulus checks on Sunday

President Donald Trump urged lawmakers to pass a stimulus bill in a tweet Saturday night, calling for Americans to receive “more money in direct payments.” Senate Minority Leader Chuck Schumer said earlier in the day that congress could vote on a $US900 billion stimulus package as early as Sunday. The […]
Trump calls for Americans to receive ‘more money in direct payments,’ as Congress sets the stage to pass a relief package with $600 stimulus checks on Sunday
Markets

Investing legend Byron Wien says economy will be in ‘terrible trouble’ if Congress doesn’t approve additional unemployment benefits

Byron Wien told CNBC that the economy is dependent on fiscal and monetary policy and will be in “terrible trouble” if Congress cannot approve additional unemployment benefits. Wien made the comments after jobless claims indicated 1.1 million additional Americans filed for unemployment. The legendary investor said he’s upset that the […]
Investing legend Byron Wien says economy will be in ‘terrible trouble’ if Congress doesn’t approve additional unemployment benefits
Markets

A top Morgan Stanley strategists explains the risks to further US stimulus, but expects lawmakers to reach a deal

Morgan Stanley’s top strategist laid out reasons why President Trump’s latest executive orders on unemployment benefits pose new risks to further US stimulus. Although lawmakers have agreed on handing out another $US1,200 paycheck to eligible Americans, parties remain split on other measures, such as tax cuts and unemployment benefits. Morgan […]
A top Morgan Stanley strategists explains the risks to further US stimulus, but expects lawmakers to reach a deal