Markets

Wall Street heavyweights profited as the market melted down in February after getting private warnings from the Trump administration, new report says

Wall Street investors knew of private concern within the Trump administration around the coronavirus and used the knowledge to position for the following market plunge, The New York Times reported Wednesday. A memo penned by hedge fund consultant William Callanan described White House officials’ private wariness of a US outbreak […]
Wall Street heavyweights profited as the market melted down in February after getting private warnings from the Trump administration, new report says
Markets

‘It was awful’: Top Trump adviser Larry Kudlow referred to the pandemic in the past tense on a day the US recorded 1,147 COVID-19 deaths

One of President Donald Trump’s top advisers referred to the coronavirus pandemic in the past tense on Tuesday, suggesting the worst was already behind the US. “Then came a once-in-100-year pandemic,” Larry Kudlow said during the Republican National Convention. “It was awful. Health and economic impacts were tragic.” The US […]
‘It was awful’: Top Trump adviser Larry Kudlow referred to the pandemic in the past tense on a day the US recorded 1,147 COVID-19 deaths
Markets

Treasury Secretary Mnuchin says the Trump administration supports a 2nd round of stimulus checks, adding it can be deposited into bank accounts ‘very quickly’

Mnuchin said the administration supported another round of stimulus payments and said they could be deposited into bank accounts rapidly. “We can get that into hard-working Americans’ bank accounts very, very quickly. The level and the criteria, we’ll be discussing with the Senate,” Mnuchin said in a CNBC interview. The […]
Treasury Secretary Mnuchin says the Trump administration supports a 2nd round of stimulus checks, adding it can be deposited into bank accounts ‘very quickly’
Markets

Trump wants tax breaks to encourage people to watch sports games and travel around the US. Here’s why that could backfire as the pandemic rages.

President Trump is seeking tax breaks to encourage Americans to watch sports games and travel around the US in an effort to boost the economy and restore normalcy. “We’re looking at deductions for business expenses, restaurants, baseball games, if hopefully they’re going to open,” National Economic Council Director Larry Kudlow […]
Trump wants tax breaks to encourage people to watch sports games and travel around the US. Here’s why that could backfire as the pandemic rages.