Search result for Stimulus
Attempts to combat inflation and a depreciating currency in Japan may require a $30 trillion stimulus package
Towards that end, a top legislator from the ruling party has suggested that Japan set its sights on roughly 30 trillion yen for the new economic package that will be drafted later this month.
After meeting with Prime Minister Fumio Kishida, Liberal Democratic Party policy head Koichi Ha...
Kishida unveils $490 Billion stimulus to boost pandemic recovery
Japanese Prime Minister Fumio Kishida announced $490 billion stimulus for recovering the country’s economy post pandemic. The cabinet has proposed vast spending plans, which will be approved soon. This plan includes cash and coupon handouts to families with children under 18, along wit...
AT $61K PER UNIT BTC CONTINUES TO RALLY HIGHER
Highlights:
• BTC continues to receive institutional support
• The Federal government’s covid stimulus package also b...
US STOCKS JUMP THANKS TO COVID-19 RELIEF PACKAGE PASSED BY THE US SENATE
Highlights
• The benchmark S&P 500 index and the Dow Jones Industrial Average index went up on Monday
• The US President Joe Biden said that he had hoped for a speedy passage of the revised bill by the House of Representatives, so he could sign it and send paymen...
POSITIVE DEVELOPMENT AROUND US STIMULUS BILL DRIVE OIL PRICES UPWARDS
Highlights
• While the April contract expired on Friday, Brent crude futures for May went up by $1.07, or 1.7 percent to $65.49 per barrel
• US West Texas Intermediate (WTI) crude futures surged $1.10, or 1.8 percent to $62.60 per barrel
• Along with s...
THE US HOUSE PASSES $1.9 TRILLION COVID RELIEF PLAN PROPOSED BY PRESIDENT BIDEN
Highlights
• This relief package is intended to fund vaccinations, local governments, and several million families that went off track because of the COVID-19 pandemic
• This approval came four days after the COVID-19 death toll went past 500,000 in the United States...
$1.9 TRILLION STIMULUS PACKAGE’S FINAL BILL BEING DRAFTED
Highlights:
• Biden’s stimulus package will be the first delivery of his promises
• The bill has to be passed as soon...
NEXT STIMULUS CHECKS WILL BE $1,400: PRESIDENT JOE BIDEN
Highlights
• The US President in a press conference reaffirmed his commitment to $1,400 as he said “I'm not cutting the size of the checks, they're going to be $1,400. Period.”
• These $1,400 checks would be directed to individuals, as well as chi...
TOKYO STOCKS END HIGHER ON TUESDAY OVER THE U.S COVID-19 STIMULUS PACKAGE
Highlights –
- Tokyo stocks end higher on Tuesday over the U.S COVID-19 stimulus package.
- The 225-issue Nikkei Stock Average ended up at 391.25 points.
- Topix index of all First Section issues on the TSE ended at 10.35 points.
U.S. PRESIDENT-ELECT JOE BIDEN ANNOUNCES $1.9 TRILLION STIMULUS PLAN TO REVIVE ECONOMY
Highlights
• This package includes $415 billion that will be used specifically for battling the coronavirus pandemic along with more than $1 trillion in direct aid to individuals and families
• Completing this promise about increasing the amount of stimulus checks, t...
US PRESIDENT-ELECT JOE BIDEN IS PLANNING TO SPEND $1.5 TRILLION TO BOOST ECONOMY
Highlights
• Immediately after the Democrat takes charge of the office on January 20, his administration will work closely with Congress on this stimulus package
• According to the sources, the stimulus package is said to be over $1.5 trillion and includes $1,400 sti...
$600 NOT ENOUGH SAYS BIDEN, CALLS FOR $2000 STIMULUS CHECKS
Highlights
• Earlier this week, the President-elect had said that $2,000 checks would go out as soon as his party takes control of the both houses
• With control of the House of Representatives and the Senate, Biden is expected to push for a new stimulus package late...
U.S. ECONOMY SHEDS JOBS FOR THE FIRST TIME SINCE APRIL IN THE MONTH OF DECEMBER
Highlights
• The data for November was revised up to show 336,000 jobs went up instead of 245,000 as reported earlier
• While the labor market is suffering, the chances of economy falling back into the recession is very low courtesy of the $900 billion stimulus appro...
AMERICANS TO GET $600 IN THEIR BANK ACCOUNTS ANYTIME SOON: U.S. GOVERNMENT
Highlights
• The Treasury Department and the Internal Revenue Service said that U.S. citizens can expect to start seeing $600 in their bank accounts
• The Treasury and the IRS are working with unprecedented speed to issue the second round of payments said Treasury Se...
U.S. LAWMAKERS AGREES TO $900 BN COVID STIMULUS
Highlights
• Senate Majority Leader Mitch McConnell on the Senate floor said “At long last, we have the bipartisan breakthrough the country has needed.”
• Senate Minority Leader Schumer said “The American people have a great deal to celebrate ...
NO SECOND $1,200 STIMULUS CHECKS IN NEW $908 BILLION BIPARTISAN PROPOSAL
Highlights
• Irrespective of multiple attempts, the stimulus talks are not going forward as the Republicans and Democrats have failed to reach to a consensus
• With new $908 billion bipartisan proposal, the hopes are once again revived but there is a big flaw in it a...
PRESIDENT TRUMP SIGNS ONE-WEEK EXTENSION OF FEDERAL FUNDING TO AVERT GOVERNMENT SHUTDOWN
Highlights
• This bill was passed by the Republican-led Senate on Friday afternoon after the Democratic-majority House of Representatives had given their approval to the measure on Wednesday
• Several economists have stated that the US economy needs additional COVID-...
TOKYO STOCKS END LOWER ON THURSDAY OVER UNCERTAIN U.S ECONOMIC STIMULUS
Highlights –
- Tokyo stocks end lower on Thursday over uncertain U.S economic stimulus.
- The 225-issue Nikkei Stock Average ended at 61.70 points.
- Topix index of all First Section issues on the TSE at 3.21 points.
- Stock i...
TOKYO STOCKS FALL ON THURSDAY OVER LOCKED IN PROFITS; NIKKEI HIGH
Highlights –
- Tokyo stocks fall on Thursday over locked in profits; Nikkei high.
- The 225-issue Nikkei Stock Average was down at 88.97 points.
- Topix index of all First Section issues on the TSE was down at 2.21 points.
- Stock ...
PELOSI, SCHUMER IN FAVOR OF $908 BN CORONAVIRUS STIMULUS PLAN AS BASIS OF NEGOTIATIONS
Highlights
• The impact of these two leaders backing this coronavirus stimulus plan as basis of negotiation was immediately visible on the global stocks as they surged on the last trading day of the week
• McConnell had shot down the bipartisan plan immediately after...