The so-called Secondary Market Corporate Credit Facility will begin purchases of eligible exchange-traded funds invested in corporate debt on Tuesday, the New York Fed said Monday on its website. It was first announced in March and has played an important role in keeping financial markets relatively calm since then. Another facility designed to buy debt directly from issuers -- the Primary Market Corporate Credit Facility -- will launch “in the near future,” according to the announcement.
Facebook announced a new Oversight Board to act in a Supreme Court-like body for moderating content on the social media site. The board is compromised of 20 members, including Pamela Karlan, the constitutional law expert who testified in favor of the impeachment of President Donald Trump.
...advisors close to the trade talks have suggested Chinese officials rekindling the possibility of invalidating the trade pact and negotiating a new one to tilt the scales more to the Chinese side, sources close the matter told the Global Times...
A Chinese rocket measuring around 100 feet long that launched earlier this month will likely plunge back into Earth’s atmosphere some time Monday, becoming the most massive object in decades to fall out of orbit in an uncontrolled manner.
Illinois Democratic Rep. Bobby Rush has introduced the H.R. 6666 TRACE Act, which includes a $100 billion grant program which would authorize the Secretary of Health and Human Services to create an army of contact tracers operating through healthcare, schools and nonprofit entities, who would perform COVID-19 diagnostic testing "through mobile health units and, as necessary, at individuals' residences, and for other purposes."
It is potentially the biggest showdown between the authorities and the Native American tribes since 1973, when the Pine Ridge reservation was at the centre of a violent stand-off between the FBI and the American Indian Movement (AIM).
On Monday night, reports surfaced, first with ABC News and then others, that the acting Director Of National Intelligence Richard Grenell had authorized the declassification of the list of senior Obama officials that had unmasked Americans exponentially in the last months of the Obama administration.
In the first letter written Monday, obtained exclusively by FOX Business, national security adviser Robert O’Brien and National Economic Council Chair Larry Kudlow write to U.S. Labor Secretary Eugene Scalia stating that the White House does not want the Thrift Savings Plan, which is a federal employee retirement fund, to have money invested in Chinese equities.
...designed to make it easier for individuals to return to work after the Covid-19 coronavirus pandemic... These countries will include Italy, Portugal, France, Panama, India, the US, Canada, Sweden, Spain, South Africa, Mexico, United Arab Emirates and The Netherlands, with the goal of supplying 50 million digital health passports. The first passports will begin shipping from next week.
Birx criticized the method the Centers for Disease Control and Prevention (CDC) was using to collect its data during a heated task force meeting, according to a report Saturday from The Washington Post. “There is nothing from the CDC that I can trust,” Birx reportedly told CDC Director Robert Redfield.
The project has financial backing from NV Energy Inc., a unit of Warren Buffett's Berkshire Hathaway Inc., and Quinbrook Infrastructure Partners, a private-equity firm. The two firms signed a 25-year deal last year to take the solar farm's output of 690 megawatts.
Today, Harris — now a senator from California who ran for president last year — finds herself at another political crossroads... Although she is among the favorites to become Joe Biden’s vice-presidential nominee, joining him on the Democratic ticket to try to defeat President Donald Trump, she has kept a noticeably lower profile than other possible contenders.
The reason they want him to resign is that the DOJ, under his direction, made a move to drop all the charges Flynn faces. The reversal came even though Flynn has given two guilty pleas for lying to the FBI about his contact with a former Russian ambassador during President Donald Trump’s transition to the White House. Barr denied that he asked to drop the charges against Flynn at the request of the president. He pointed to Jeffrey Jensen, the U.S. attorney from the Eastern District of Missouri, as the person who made the recommendation. The reason is that Jensen said that the investigation into Flynn was not legitimate. So far, the judge in the case has not responded to the DOJ’s request.
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