The Treasury Department says it will need to borrow a record $2.99 trillion during the current April-June quarter to cover the cost of the government’s various pandemic rescue efforts.
It’s a morning of firsts for the Supreme Court: the first time audio of the court’s arguments is being heard live by the world and the first arguments by telephone. The changes are a result of the coronavirus pandemic, which has made holding courtroom sessions unsafe.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Stocks ended lower on Wall Street Friday, giving up their gains for the week, after Amazon and other big companies laid out how the coronavirus pandemic is hitting their bottom lines.
House lawmakers investigating the market dominance of Big Tech are asking Amazon CEO Jeff Bezos to testify to address possible misleading statements by the company on its competition practices.
Democratic presidential candidate Joe Biden on Friday categorically denied allegations from a former Senate staffer that he sexually assaulted her in the early 1990s, saying “this never happened.”
