President-elect Joe Biden's Covid advisors nix idea of U.S. lockdown to curb pandemic

Implementing a widespread lockdown on businesses is "not the opinion" of the panel of infectious disease experts advising President-elect Joe Biden, said Dr. Celine Gounder, who sits on the panel. Gounder told CNBC that state officials should focus on implementing tighter restrictions on places where there's a high-risk for the virus to spread instead. "I… Continue reading President-elect Joe Biden's Covid advisors nix idea of U.S. lockdown to curb pandemic

Breakingviews – Buyout baron special pleading faces uphill battle

LONDON (Reuters Breakingviews) – Compared to investment bankers, private equity executives are less obvious political punchbags. As the industry grows and cash-strapped governments look for new sources of tax revenue, that could change. The infamous loophole surrounding so-called carried interest will be in the crosshairs. The most immediate battleground is in Britain. Currently, carried interest… Continue reading Breakingviews – Buyout baron special pleading faces uphill battle

Second ex-United Auto Workers president charged with embezzling union funds

Former UAW President Dennis Williams was charged with embezzlement and defrauding the U.S. government as part of a multiyear corruption probe into the union. Williams, who led the organization from 2014 to 2018, is the second UAW president to be charged. Federal prosecutors say Williams and at least six other senior UAW officials conspired to… Continue reading Second ex-United Auto Workers president charged with embezzling union funds

McDonald's customers changed their behavior during pandemic, but some trends could endure

McDonald's reported more delivery orders across its markets during the second quarter. As lockdowns ease, some trends, like higher checks, are normalizing, but the company thinks that digital orders and delivery are here to stay. The company said that its second-quarter revenue fell 30%. McDonald's is seeing some consumer behavior trends reverse as lockdowns ease, but… Continue reading McDonald's customers changed their behavior during pandemic, but some trends could endure

Rep. John Lewis, civil rights freedom fighter who rose to Congress, dies at 80

The son of Alabama sharecroppers waged nonviolent battles against injustice at lunch counters, schools, bus stations and streets of the South. Lewis later brought his fight for a liberal agenda to the halls of Congress, where he was a 17-term congressman from Georgia. At age 25, Lewis suffered a fractured skull from a police officer's… Continue reading Rep. John Lewis, civil rights freedom fighter who rose to Congress, dies at 80

Bitcoin Breaking $10,500 Will Set the Stage for a Massive Reversal: Here's Why

Bitcoin has been on an impressive rally over the past two months. From the $3,700 lows seen on March 13th, the asset has rallied over 150%. This 150% performance means BTC has outperformed basically any other multi-billion-dollar asset over the same time period. This strong surge to fresh highs hasn’t convinced everyone that Bitcoin is… Continue reading Bitcoin Breaking $10,500 Will Set the Stage for a Massive Reversal: Here's Why

Bitcoin Breaking 100 SMA and $9,100 Could Spark Fresh Bull Run

Bitcoin is currently consolidating above the $8,500 and $8,250 support levels against the US Dollar. BTC price seems to be setting up for a strong bull run above $9,000 and $9,100. Bitcoin is trading in a crucial range above the $8,500 and $8,200 support levels. The bulls need to clear the $9,000 and $9,100 hurdles… Continue reading Bitcoin Breaking 100 SMA and $9,100 Could Spark Fresh Bull Run

Bitcoin Breaking This Single Level Will Spark a Pre-Halving Rally” />