Biz / tech
NEW YORK (AP) – Stock closed on Wall Street Monday after a mixed day of trading. Investors balanced unease over the spread of a more contagious variant of coronavirus against another round of encouraging corporate earnings. The S&P lost 0.2%. It was a little higher for most of the day before going down for the last half hour of trading. Approximately 150 members of the index will be posting their results this week, and the July job report will come out on Friday. Square rose 10.2% after it announced it would acquire the “Buy Now, Pay Later” company for $ 29 billion.
WASHINGTON (AP) – The Treasury Department has unveiled plans to raise $ 673 billion in the current quarter while taking contingency measures to save the government from an unprecedented sovereign default. The ministry said Monday that its July-September borrowing plans expect Congress to either suspend the current debt limit or increase the limit. The debt ceiling was suspended for two years but has come back into effect at Sunday’s debt level – $ 28.4 trillion.
WASHINGTON (AP) – The White House says the Centers for Disease Control and Prevention “could not find legal authority for a new, targeted eviction moratorium.” It demands that state and local governments put in place guidelines to keep renters in their homes. Mass evictions could potentially exacerbate the recent spread of the COVID-19 delta variant. About 1.4 million households told the Census Bureau that they could “very likely” be evicted from their rental apartments in the next two months. But the Biden government says it is unable to take action. However, it is also advised that state efforts to stop evictions would save a third of the country from evictions in the next month.
WASINGTON (AP) – Senate Majority Leader Chuck Schumer wants to expedite consideration of a bipartisan infrastructure package worth nearly $ 1 trillion. He promised Monday that his Democrats would work with Republicans to put together a package of amendments for the Senate. The Infrastructure Investment and Employment Act was around 2,700 pages late on Sunday. Republican Leader Mitch McConnell commends those who drafted the bill, but says Senators on both sides of the aisle need a chance to get their states’ mark on the bill. The editions are popular with lawmakers and bring large items that cities and states can rarely afford.
DALLAS (AP) – It’s summer and the airports are full of vacationers again. And in combination with bad weather in places, this creates problems for the airlines. The US set another pandemic-era travel record on Sunday, with more than 2.2 million people passing airport controls. That’s the highest number in 17 months, although travel still hasn’t quite reached pre-pandemic levels. The big crowds and the summer thunderstorms give travelers headaches because thousands of flights are delayed and hundreds more are canceled every day.
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