China boosts spending but no big steps for virus-hit economy. Asian shares fall on US friction with China, Hong Kong fears. China promises funds to help economy, sets no growth target.
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The Early Bird Newsletter

Friday, May 22nd

S and P pricesDow pricesQQQ prices
Li Keqiang
Politics

China boosts spending but no big steps for virus-hit economy

China’s No. 2 leader on Friday promised higher spending to revive its pandemic-stricken economy and curb surging job losses but steered clear of launching a massive stimulus on the scale of the United States or Japan. Premier Li Keqiang, in a speech to legislators, said Beijing would...

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Asian shares fall on US friction with China, Hong Kong fears
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Asian shares fall on US friction with China, Hong Kong fears

Shares slipped in Asia on Friday as tensions flared between the U.S. and China and as more job losses compounded the economic fallout from the coronavirus pandemic. Hong Kong’s Hang Seng sank more than 5% on Friday after legislation that could limit opposition activity in the former ...

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Xi Jinping
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China promises funds to help economy, sets no growth target

China’s top economic official on Friday promised higher spending to revive its coronavirus-battered economy and curb surging job losses but avoided launching a massive stimulus on the scale of the United States or Japan. Premier Li Keqiang, in a speech to legislators, said Beijing wo...

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From Our Partners

Man Who Picked Apple, Bitcoin Makes Next "Pick of Decade"

Wall Street legend who picked Apple in 2003 - and Bitcoin in 2016 - shares his #1 pick for 2020s.

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Bank of Japan helps fund small businesses fighting pandemic
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Bank of Japan helps fund small businesses fighting pandemic

Japan's central bank said Friday it will provide some 30 trillion yen ($280 billion) to banks for financing small and medium-size businesses battling economic hardships brought on by the coronavrius pandemic. The Bank of Japan will start providing funding to the banks in June, it said...

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US farmers leaning more heavily on government loan programs
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US farmers leaning more heavily on government loan programs

Farmers across the nation leaned more heavily upon the federal government last year to finance their agricultural operations amid low commodity prices and trade disputes, and more of the money they borrowed is now delinquent. Although the U.S. Agriculture Department said it has not se...

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The Latest: Staff quarantined over slaughterhouse virus toll
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The Latest: Staff quarantined over slaughterhouse virus toll

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — China focus on jobs, f...

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The Latest: India reports largest single-day virus spike
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The Latest: India reports largest single-day virus spike

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — China focus on jobs, f...

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China focus on jobs, fighting virus as layoffs sweep globe
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China focus on jobs, fighting virus as layoffs sweep globe

China doubled down Friday on efforts to combat the coronavirus pandemic and create jobs as the number of people thrown out of work soars worldwide. The help for the world’s No. 2 economy, the main driver of world growth in recent years, followed news that nearly 39 million Americans ...

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The Latest: UN again urges global cease-fire to fight virus
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The Latest: UN again urges global cease-fire to fight virus

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — U.N. again urges globa...

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From Our Partners

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Flood raises fears of pollution at Michigan toxic waste site
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Flood raises fears of pollution at Michigan toxic waste site

It took seven years to settle on a plan for cleansing two rivers and floodplains polluted with dioxins from a Dow Chemical Co. plant in central Michigan. The work itself has lasted nearly twice as long, with plenty still to do. Now, scientists and activists fear some of the progress m...

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Nearly 39 million have lost jobs in US since virus took hold
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Nearly 39 million have lost jobs in US since virus took hold

The number of Americans applying for unemployment benefits in the two months since the coronavirus took hold in the U.S. has swelled to nearly 39 million, the government reported Thursday, even as states from coast to coast gradually reopen their economies and let people go back to work. ...

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Key points about China's legislative session
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Key points about China's legislative session

Thousands of delegates from across China are attending the annual session of the country’s rubber-stamp legislature and its advisory body, meetings delayed by more than two months because of the coronavirus outbreak

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Pandemic politics: Maskless Trump tours Michigan Ford plant
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Pandemic politics: Maskless Trump tours Michigan Ford plant

Pandemic politics shadowed President Donald Trump's trip to Michigan on Thursday as he highlighted lifesaving medical devices, with the president and officials from the electoral battleground state clashing over federal aid, mail-in ballots and face masks. Trump visited Ypsilanti, out...

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The Early Bird Stock Of The Day

Symantec Co.

Symantec Co.

Symantec Corporation provides cybersecurity products, services, and solutions worldwide. The company operates through two segments, Enterprise Security and Consumer Digital Safety. The Enterprise Security segment provides endpoint and information protection products, including endpoint security, advanced threat protection, and information protection solutions and their related support services; and network and Web security products, such as network security, Web security, and cloud security solutions and their related support services. It also offers consulting, premium support, and cyber security services. The Consumer Digital Safety segment provides Norton Security solutions as a subscription service providing protection for devices against malware, viruses, adware, and ransomware on various platforms; and LifeLock identity theft protection solution that provides identity monitoring, alerts, and restoration to its customers, as well as Norton Wi-Fi Privacy services. The company serves business, government, and public-sector customers; small, medium, and large enterprises; and individuals, households, and small businesses. It markets and sells its products and related services through direct sales force, direct marketing and co-marketing programs, e-commerce and telesales platforms, distributors, Internet-based resellers, system builders, Internet service providers, employee benefits providers, wireless carriers, retailers, original equipment manufacturers, and retail and online stores. Symantec Corporation has strategic alliance with Ernst & Young LLP to help organizations address intellectual property and data, as well as manage cyber risk. The company was founded in 1982 and is headquartered in Mountain View, California.

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