Wallstreet
The US stock market was mixed on Monday’s trading session with the Dow Jones rising over 0.97% to hit a record while the Nasdaq 100 fell by nearly 3% as tech shares declined.
On Tuesday, Tesla stock surged by over 5% during premarket trading after falling by nearly 6% at the end of the previous session amid a broader selloff on the Nasdaq 100. Tuesday gains were as a result of the latest data on new electric vehicle sales from China which showed that Tesla sold 18,318 vehicles in February, up 18% compared to January’s sales.
Global COVID-19 death toll surpasses 2.6 million
The total number of people who died after contracting COVID-19 climbed over 2.6 million, according to data compiled from health authorities worldwide.
The largest number of fatalities was reported in the United States, where over 520,000 people died after being infected with the coronavirus
US Markets; Senate passes $1.9 trillion COVID-19 stimulus
The United States Senate on Saturday approved the $1.9 trillion coronavirus stimulus package bill which will now be returned to the House of Representatives for final approval.
The package passed in a 50-49 vote, with all Democratic lawmakers voting in favour and all Republicans against it.
The bill includes a $1,400 check for every qualifying citizen, $300 per week in unemployment benefits until September 6, as well as provisions for states, education and healthcare.
According to Bloomberg, the lower Congress is highly likely on Wednesday take up the $1.9 trillion large support package proposed by President Joe Biden.
Having already passed both chambers, the spending plan was sent back to the House of Representatives for final approval before it can be signed into law by the head of state.
PayPal buys crypto firm Curv
PayPal Holdings Inc. has announced that it will acquire Curv, a cryptocurrency security firm from Tel Aviv.
Paypal said that the purchase, which is expected to be completed in the first half of 2021, will help “accelerate and expand its initiatives to support cryptocurrencies and digital assets.”
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