Trump says second stimulus check could be ‘way higher’ than $1,200

President Trump suggested this week the next coronavirus relief package could include a direct cash payment for American families that’s potentially higher than $1,200. “It may go higher than that actually,” Trump during an interview Wednesday with ABC affiliate KMID in Texas. “I’d like to see it be very high because I love the people. I want the people to get…

Stock futures point to more gains on optimism coronavirus cases could be slowing

Equity futures are pointing to a higher open on Tuesday amid a few glimmers of hope that the coronavirus pandemic could be slowing. The major futures indexes are indicating a rise of 4 percent when trading begins. In Europe, London’s FTSE rose 2.5 percent, Germany’s DAX gained 3.6 percent and France’s CAC added 3.2 percent. Asian markets were also rising. Japan’s Nikkei…

Dow plunges as much as 2,000 points, oil crashes as price war erupts and coronavirus spreads

U.S. equity markets were sharply lower Monday morning after an oil price war broke out between Saudi Arabia and Russia and the new coronavirus showed signs of spreading. The Dow Jones Industrial Average was down by as many as 2,046 points, or 7.9 percent, in the opening minutes of trading while the S&P 500 and Nasdaq Composite were lower by…

China Pledges To Buy $200 Billion Of American Goods Under Phase One Trade Deal

With the Phase One trade deal signing scheduled for tomorrow, new details have emerged about China’s pledge to significantly ramp up purchases of U.S. exports including manufactured goods, food, farm products, energy and services, sources told Reuters. The Phase One deal includes agreements on intellectual property, technology transfers and currency as well as explicit commitments from China…

Railroad owner Genesee & Wyoming to be taken private in $8.4B deal

U.S. freight railroadsOpens a New Window. operator Genesee & WyomingOpens a New Window.on Monday agreed to be acquired by Toronto-based Brookfield Asset Management and Singaporean sovereign wealth fund GIC in a deal valued at about $8.4 billion, including debt. The announcement comes a day after Reuters reported news of the development, citing sources. The Transaction will result in…

Oil prices drop as US stockpiles swell

OilOpens a New Window. prices dropped on Thursday even though the Trump administrationOpens a New Window. officially ended waivers that had been granted to some nations allowing them to continue importing oil from Iran. On Thursday, WTI crude oil prices fell by nearly 3.8 percent to $61.19 per barrel, while Brent Crude dropped to $69.95 per barrel. There were concerns oil…