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Finance Source: Businessinsider.com

Dow plunges 411 points as withering stimulus hopes prompt late sell-off

Summary List Placement US stocks extended losses into Monday's close as a lack of stimulus progress cut into hopes for a pre-election deal. House Speaker Nancy Pelosi expedited talks on Sunday, setting a 48-hour deadline for the White House and Democrats to ink a deal. She later told Democrats that significant obstacles in... go to Article >

Dow plunges 411 points as withering stimulus hopes prompt late sell-off

44 Days ago Finance Source: Feedproxy.google.com

Stocks extended afternoon losses after House Speaker Nancy Pelosi told Democrats that significant obstacles remain in talks to reach a stimulus deal. read more

S&P 500 erases 2020 gains, flirts with correction as economic worries mount

69 Days ago Finance Source: Markets.businessinsider.com

Summary List Placement US equities declined on Thursday as higher-than-expected jobless claims and renewed virus fears weighed on investors. The slide at the market open erased year-to-date gains for the S&P 500 and sent the benchmark index... read more

A former Obama official says the Biden administration has its work cut out for it to fix refugee resettlement and asylum

0 Days ago Finance Source: Businessinsider.com

Summary List PlacementWith a promised reversal of immigration executive orders and a stated commitment to begin to restructure the United States' asylum system, the Biden administration has its work cut out on immigration, a former Obama... read more

Trump floats potential 2024 presidential run at White House Christmas party

0 Days ago Finance Source: Businessinsider.com

Summary List PlacementPresident Donald Trump floated the possibility of a 2024 presidential run during a speech to attendees at a holiday party at the White House on Tuesday. "It's been an amazing four years," Trump said at the event. "We're... read more

SoftBank sold its whole massive stake in Slack by September, weeks before Salesforce offered a premium price

0 Days ago Finance Source: Businessinsider.com

Summary List PlacementSoftBank was a major investor in Slack when it was a startup raising huge sums of money from venture investors. Slack went public in June, 2019, and up until September, SoftBank remained a major shareholder. But SoftBank... read more

Justice Department investigating an alleged 'secret lobbying scheme' to obtain a presidential pardon

0 Days ago Finance Source: Businessinsider.com

Summary List PlacementThe US Department of Justice is investigating an alleged "secret lobbying scheme" to obtain a pardon from President Donald Trump, according to court documents revealed on Tuesday. As first reported by CNN, the documents... read more

Auris Medical skyrockets 480% after announcing lab-test results that show its nasal spray could protect against COVID-19 (EARS)

0 Days ago Finance Source: Markets.businessinsider.com

Summary List Placement Auris Medical soared as high as 480% on Tuesday on news that its nasal spray AM-301 could protect against the coronavirus. The clinical-stage company tested its spray on human nasal cells in a lab and found that cells... read more

Capital gains are the profits you make from selling your investments, and they can be taxed at lower rates

0 Days ago Finance Source: Businessinsider.com

Summary List PlacementWe're all pretty sure what "profit" means. After all, income is income – isn't it?  Well, not in the eyes of the Internal Revenue Service (IRS). The tax people treat different types of income differently, at least as far... read more

How China's special forces stack up against the US's special operators

0 Days ago Finance Source: Businessinsider.com

Summary List PlacementOver the last two decades, special-operations forces have become the go-to choice for policymakers and military leaders around the world. The successes of US and coalition special-operations units in the Global War on... read more

Healthcare workers and long-term care facility residents should get a coronavirus vaccine first, according to US health officials

0 Days ago Finance Source: Businessinsider.com

Summary List PlacementHealthcare personnel and long-term care facility residents should be the first to receive a coronavirus vaccine, the CDC's Advisory Committee on Immunization Practices said in a meeting on Tuesday. The committee of... read more

US banks weathered a record plunge in lending income as COVID-19 hit profits

0 Days ago Finance Source: Markets.businessinsider.com

Summary List Placement Banks' lending profits fell the most since at least 1986 in the third quarter as the coronavirus slammed profit margins, the Federal Deposit Insurance Corporation said Tuesday. Net interest income fell by 7.2%, or $10... read more