Biden to unveil plan to pump $1.5 trillion into pandemic-hit economy

President-elect Joe Biden will unveil a stimulus package proposal on Thursday designed to jump-start the economy during the coronavirus pandemic with an economic lifeline that could exceed $1.5 trillion and help minority communities.

Biden expected to unveil $1.9 trillion spending package: NY Times

U.S. President-elect Joe Biden is expected on Thursday to unveil a $1.9 trillion spending package to combat coronavirus and its impact on the economy, the New York Times reported, citing two people familiar with the plans.

Airbnb CEO says travel never going back to the way it was before pandemic

Airbnb Chief Executive Officer Brian Chesky on Thursday predicted travel would permanently change due to the pandemic with people seeking out thousands of smaller cities and spending more time visiting friends and family.

Google closes deal to buy Fitbit as U.S. Justice Dept probe continues

Search and advertising giant Google has closed its deal to buy fitness tracking company Fitbit, the companies said on Thursday, even as the U.S. Justice Department said it was continuing its probe of the $2.1 billion transaction.

Bitcoin surge helps lift Grayscale assets to record $20 billion in 2020

Grayscale, the world's largest digital currency manager, said on Thursday its assets under management surged more than 900% to $20.2 billion at the end of last year, lifted by record inflows in the fourth quarter and the surge in the price of bitcoin.

U.S. weekly jobless claims jump on COVID-19, renewed supplementary payments

The number of Americans filing first-time applications for unemployment benefits surged last week, confirming a weakening in labor market conditions as a worsening COVID-19 pandemic disrupts operations at restaurants and other businesses.

U.S. imposes sanctions on Chinese officials, oil giant over South China Sea 'coercion'

The United States announced sanctions on Chinese state-owned enterprise and military officials on Thursday and added Chinese oil giant CNOOC to a blacklist, accusing them using coercion against states with rival claims in the South China Sea.

U.S.-China trade war has cost up to 245,000 U.S. jobs: business group study

U.S. President Donald Trump's trade war with China has caused a peak loss of 245,000 U.S. jobs, but a gradual scaling back of tariffs on both sides would boost growth and lead to an additional 145,000 jobs by 2025, a study commissioned by the U.S.-China Business Council (USCBC) shows.

American tells pilots to take vaccine on own time but plans airport-based rollout

American Airlines has told pilots they should take a COVID-19 vaccine on their own time while preparing a broader voluntary program for employee vaccinations at airports around the country.

GE alleges Siemens Energy used stolen trade secrets to rig contract bids

General Electric Co accused a Siemens Energy AG subsidiary of using stolen trade secrets to rig bids for lucrative contracts supplying gas turbines to public utilities, and cover up improper business gains totaling more than $1 billion, according to a lawsuit filed on Thursday.

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