Trump
U.S. President Donald Trump has signed an executive order that effectively bans WeChat Pay, Alipay and six other Chinese apps. The move further ratchets up tensions with China two weeks before President-elect Joe Biden enters the White House. Trump bans Alipay, WeChat Pay and other Chinese appsReuters was the first to report that Trump had banned Alipay, WeChat pay and the other apps. A Trump administration official told the news outlet that the move was aimed at protecting Americans from the threat posed by Chinese apps. Such apps collect sensitive data, and the executive order states that th...
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In an attempt to strike a deal on the next coronavirus stimulus package and stimulus checks, President Donald Trump on Saturday raised the offer to $1.8T. House Speaker Nancy Pelosi, however, still rejected it as it was below the $2.2 trillion package that she is asking.Q2 2020 hedge fund letters, conferences and moreCoronavirus stimulus checks: Pelosi rejects Trump’s $1.8T offerTrump wants to come up with a stimulus package before the election as it could improve his chances of re-election. Pelosi, on the other hand, is now unwilling to budge from her demand of a $2.2 trillion package.Even if...
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