European markets are expected to open higher Wednesday after the White House confirms that U.S. senators have agreed to the Trump administration's massive economic rescue bill.
White House official, Eric Ueland said early on Wednesday that U.S. senators and White House officials have reached an agreement on the massive stimulus package to mitigate the economic hit from the coronavirus outbreak.
"We have a deal," White House official, Eric Ueland told reporters, according to Reuters. This comes after days of tense negotiations between Republicans and Democrats over how the funds should be handed out to workers and businesses to help cushion the blow from the coronavirus pandemic. Hopes of an impending deal prompted the Dow to soar more than 2,100 points, or more than 11%, notching its biggest one-day percentage gain since 1933 and its best point increase ever. TheIn Europe Tuesday evening, the Eurogroup of euro zone finance ministers
failed to come to an agreement over the use of the European Stability Mechanism to help euro zone membersOn the earnings and data front, E.On releases earnings and Credit Suisse releases its annual report; Germany's Ifo Institute releases its March survey of business sentiment.
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Coronavirus live updates: White House, Senate leaders strike $2 trillion stimulus deal; US death toll nears 800; Dow up 2,100 pointsStocks roared higher, the Summer Olympics are on hold, and China announced it would soon lift its lockdown. Here are the latest coronavirus updates.
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Coronavirus live updates: Congress can't agree on stimulus package; US deaths surpass 470The U.S. had more than 35,200 confirmed cases and 471 deaths across 34 states, the District of Columbia, Puerto Rico and Guam as of early Monday.
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GE's aviation unit to cut U.S. workforce by about 10%: CEOGeneral Electric Co 's aviation unit plans to cut its total U.S. workforce ...
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Surgeon General Warns ‘This Week, It’s Going To Get Bad’ As U.S. Cases Top 35,000“We don’t want Dallas or New Orleans or Chicago to turn into the next New York,” Adams added.
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The U.S. Is Opening Up Access To Its Supercomputers To Beat COVID-19A new consortium will make 16 of the mega number-crunchers available, including Summit, the planet's most powerful supercomputer.
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U.S. Supreme Court lets states bar insanity defenseThe U.S. Supreme Court on Monday limited the rights of criminal defendants, declaring that states can bar them from using the so-called insanity defense in a ruling involving a Kansas man sentenced to death for killing four members of his family. The justices ruled 6-3 that a 1995 Kansas law eliminating
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