U.S. stocks were higher in Wednesday morning trading, as Senate Majority Leader Mitch McConnell introduced a competing $2,000 stimulus check…
Search Results for: "Steven Mnuchin"
Stimulus progress turns Dow positive for 2020; S&P 500, Nasdaq post best week since July
Stocks rose for a third straight session as investors wrapped the best week weekly performance for the S&P 500 and Nasdaq since…
Stocks bounce on potential President Trump hospital discharge, stimulus hopes
U.S. stock index futures bounced on Monday as doctors said President Donald Trump could be discharged from the hospital…
Wall Street jumps on stimulus hopes, upbeat economic data
Wall Street’s major indexes jumped on Wednesday, with the S&P 500 on course for its best two-quarter gain since 2009, as investor hopes…
President Trump orders ByteDance to divest interest in U.S. TikTok operations within 90 days
On Friday, U.S. President Donald Trump ordered China-based ByteDance to divest the U.S. operations of its video-sharing app TikTok within 90…
S&P 500 nears record high as U.S. stimulus bets climb
The S&P 500 closed in on its February peak on Tuesday on hopes for more U.S. stimulus., returning to levels prior to the reaction to COVID-19…
U.S. Treasury Sec. Mnuchin: Democrats now ‘willing to compromise’ on COVID-19 stimulus package
Treasury Secretary Steven Mnuchin said Monday that he believes Democrats are “willing to compromise” on a fourth COVID-19 stimulus package…
Wall Street ends higher as investors eye stimulus
While investors awaited more U.S. government stimulus to fight economic fallout from prolonged COVID-19 shutdowns, Wall Street ended higher on Tuesday…
Apple CEO Tim Cook and Ivanka Trump to tout job training
Apple CEO Tim Cook and IBM Chairman Ginni Rometty will join Ivanka Trump, a senior aide to and a daughter of President Donald Trump, to launch…
China risk reemerges; here’s how Apple could be affected
In the stock market, China risk is reemerging. The U.S. is amending an export rule to block the sale of certain semiconductors to Huawei…
Elon Musk wins as Alameda County capitulates over Tesla factory reopening
After Tesla’s factory reopened Monday with CEO Elon Musk practically daring local authorities to arrest him and after the factory’s operations continued…
Backed by President Trump, Elon Musk restarts Tesla factory in defiance of Alameda county orders
Backed by President Trump, Tesla CEO Elon Musk said Monday that the company’s factory in Fremont, California is open and has restarted production…
Fed Chair Powell: Recovery can be ‘robust’ once COVID-19 is contained
Federal Reserve Chairman Jerome Powell said Thursday that the economic rebound following the coronavirus-induced shutdown “can be robust.”
Apple stock rallies as Dow Jones surges 1,200 points
After the U.S. Senate passed the $2 trillion coronavirus stimulus deal and despite record-setting jobless claims, Apple stock rallied and the Dow jumped…
US Senate approves $2 trillion coronavirus relief bill
The US Senate passed an historic $2 trillion coronavirus relief bill Wednesday night, as it tries to stem the destruction the pandemic has wrought…
Stocks jump on stimulus bill hopes, President Trump’s reopening signal
After Trump on Tuesday signaled he was eager to reopen the economy and amid hopes that U.S. lawmakers were close to an agreement, stocks jumped …
Apple market cap falls below $1 trillion as Democrats block $2 trillion stimulus
Apple market cap has fallen below the $1 trillion level as cases of SARS-CoV-2 in the U.S. surged above 35,000 Monday morning, as COVID-19 infections…
Dow rebounds by 1,000 points as President Trump reportedly seeks $1 trillion coronavirus stimulus package
Stocks surged in volatile trading Tuesday as Wall Street cheered reports of White House coronavirus stimulus plans and new actions by the Fed…
U.S. postpones April 15 tax payments for 90 days for most Americans
In an unprecedented move, the U.S. government will postpone the April 15 deadline for tax payments for millions of individuals, giving Americans…
Treasury Secretary Mnuchin urges Apple to work with law enforcement
Treasury Secretary Steven Mnuchin said on Wednesday that Apple and other companies should cooperate with U.S. investigators as law enforcement officials continued probing last month’s Islamic terrorist attack…
U.S.-China ‘Phase 1’ trade deal removes threat of iPhone tariffs
As part of the U.S.-China ‘Phase 1’ trade deal to be signed today by President Trump and China’s Vice Premier Liu He, China has promised to provide more protection for the intellectual property of American companies and will also stop requiring U.S. companies to share their technology in exchange for doing business in China. Scott […]
U.S. Treasury Secretary Mnuchin: All countries should end digital services tax plans to pave way for OECD-led global deal
U.S. Treasury Secretary Steven Mnuchin has urged all countries to suspend plans for digital services taxes that Washington believes unfairly target U.S. tech companies…
President Trump, Apple CEO Cook to tour Apple’s Austin, Texas Mac Pro assembly plant on Wednesday
President Trump plans to visit the plant along with Apple Chief Executive Officer Tim Cook…
President Trump says the U.S. has come to a ‘very substantial phase one deal’ with China
U.S. President Donald Trump said Friday that the U.S. has come to a “very substantial phase one deal” with China in the trade negotiations between the two economic superpowers…
White House officials confirm President Trump can block U.S. companies from operating in China
Two White House officials confirmed that President Donald Trump has the power to force US companies to move their operations out of China…
President Trump: China wants to negotiate and we will be ‘getting back to the table’
Speaking at the G-7 summit in Biarritz in France, President Trump praised Chinese President Xi Jinping and welcomed his desire for a deal…
U.S. delays China tariffs for some items including cellphones, removing other products from list
The United States Trade Representative office has cut items from the list of Chinese-made products that had faced new tariffs next month, citing factors including…
U.S. Treasury Secretary: ‘We were about 90% of the way’ on China trade deal and there’s a ‘path to complete this’
Treasury Secretary Steven Mnuchin told CNBC on Wednesday the U.S. and China were close to a trade deal, and he’s optimistic that progress can be made…
G20 agrees deadline for global tax crackdown on tech giants like Apple
The G20 has set a deadline for a two-prong tax crackdown on tech giants, which could hit companies like Apple…
There’s a growing ‘Boycott Apple’ movement In China due to trade skirmish
People in China are calling for a boycott of Apple products after tensions between China and the U.S…
U.S. stock futures bounce as investors cheer Apple results
The S&P 500 index registered its best four-month rally in nearly nine years…
President Trump: China tariffs could stay in place for a ‘substantial period of time, ‘ still-developing trade deal ‘is coming along nicely’
President Donald Trump said Wednesday that his administration’s tariffs on Chinese imports…
Stocks higher on U.S. – China trade optimism
U.S. stocks edged higher Tuesday as technology stocks began to bounce back after a three-session downturn…
U.S. Treasury Secretary Mnuchin visits Apple HQ, tweets photo with Tim Cook
Treasury Secretary Steven Mnuchin tweeted a photo with Apple CEO Tim Cook…
President Trump to meet with Apple CEO Cook, other tech execs on cutting government waste, improving services
President Donald Trump will meet with the chief executives of technology companies including Apple’s Tim Cook…
How the U.S. Congress is secretly trying to crush the bull market in Apple and the entire stock market
The clear winner, so far, is the status quo…
President Trump’s tax reform plan includes deep cuts in corporate taxes
President Trump proposed slashing the corporate tax rate to 15% from 35%, as anticipated, and instituting a one-time repatriation tax…
