EMerchants

News updates for european merchants

Capitol Report: Senate OKs tweaks to small-business lending program; bill goes to Trump for signature

It took some last-minute wrangling and a letter as well, but the Senate late Wednesday passed a bill easing conditions for small businesses tapping the government’s Paycheck Protection Program.

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Capitol Report: Trump’s pick for budget chief unlikely to get much support from Democrats

Russell Vought, who has helmed the White House’s Office of Management and Budget since January 2019 on acting basis, will face Democratic opposition to being named to the post on a permanent position.

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Key Words: Mattis harshly condemns Trump’s actions — ‘he tries to divide us’

Former Defense Secretary James Mattis has kept his thoughts on President Donald Trump largely to himself since he resigned in December 2018. Until Wednesday, that is, when he unloaded on the president in a scathing public statement.

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Market Extra: Europe’s stock-market rally is leaving the U.S. behind as ECB and governments step up, analysts say

After years of lagging behind their U.S. counterparts, European stocks are leading the charge higher. There may be room for more outperformance as the European Central Bank — and eurozone governments — maintain stimulus, analysts say.

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Obama sees broad coalition for police reform emerging from ‘difficult and scary’ past few weeks

Former President Barack Obama on Wednesday said there was reason for hope despite ‘difficult and scary’ past few weeks

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Key Words: Some of the people who literally helped write Facebook’s community standards say Zuckerberg is wrong on Trump posts

Nearly three dozen former Facebook Inc. employees, dismayed with Mark Zuckerberg’s hands-off policy on President Donald Trump’s posts and his defensive posture on the matter, forcefully pushed back in a stinging letter released Wednesday.

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In One Chart: Government backstop grows to 98% of new financing in residential mortgage-bond market as private finance vanishes during pandemic

The government’s role in the $11 trillion U.S. housing debt market isn’t shrinking anymore, mainly because private financing options have evaporated in recent months as coronavirus cases shot up, according to Barclays.

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The Margin: From politicians and diplomats to Pope Francis and stars of European soccer, global outcry grows over George Floyd’s death

A chorus of global criticism has been ballooning against the U.S. over the death of a black man at the hands of policeman last week, and President Donald Trump’s response to the millions that have taken to the streets to protest there.

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