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US financial giant JPMorgan Chase & Co expects to participate in the fast expansion of China's green financing market as part of its global long-term commitment to sustainability.

US stocks opened sharply higher early on Friday morning even as several indexes remained on course for a steep weekly loss. Markets barely flinched at the last shutdown in January, but that was before a selloff that started on Jan. 30 amid concerns about inflation and higher interest rates.

US daily fatalities caused by COVID-19 hit 1,707 on Tuesday, the highest rise in coronavirus deaths in a single day since the country reported 1,774 daily deaths on May 14, the CSSE chart showed.

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US President Donald Trump, who has said that he has the authority to demote Powell, said on Twitter on Monday that the Fed "doesn't know what it is doing," adding that it "raised rates far too fast" and "blew it" given low inflation and slowing global growth.

US President Donald Trump and Canada's Prime Minister Justin Trudeau hold a meeting ahead of the NATO summit in Watford, in London, Britain, December 3, 2019. [Photo/Agencies]

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US Presidential Candidate and Vermont Senator Bernie Sanders speaks at a rally in New York, March 2, 2019. [Photo/Agencies]

US Commerce Secretary Wilbur Ross labeled China as "the most highly protectionist of the big countries" in his recent interview with the Wall Street Journal. His China-bashing rhetoric, however, was refuted by two economists with Peterson Institute For International Economics (PIIE).

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USDA said it would use a Depression-era farm support fund to make direct payments to producers of soybeans, sorghum, corn, wheat, cotton, dairy and hogs.

US media reported on Wednesday (China time) that the White House and the Senate－it is the upper house of the Congress, the country's bicameral parliament－agreed a preliminary plan for an almost trillion fiscal stimulus package, the biggest congressional bailout in US history, including aggressive government spending, loans and aid for small businesses and deferrals of taxes, to bolster economy amid the epidemic.