Economy
- Market
So What Will Biden Tax Hikes Mean For Investors, Anyway?
Higher taxes getty The Biden administration has proposed big hikes in federal outlays and also in taxes, at least for…
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Investing app Acorns to go public through a blank-check merger valued at $2.2 billion
Noah Kerner, CEO of Acorns. Adam Jeffery | CNBC Savings and investing app Acorns plans to go public by merging…
Read More » - Automobile
The Big Boat Is Here
The Marco Polo, the largest cargo ship to call at an East Coast port, arrives under the Verrazzano-Narrows Bridge and…
Read More » - Health
San Diego County Supervisors Add Environmental Justice Office
Photo by Erik Anderson Above: Ship unloading goods at a port facility in National City on Mar. 29, 2021. San…
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Fed takes baby step toward scaling back its bond purchases
A number of Federal Reserve officials said at the central bank’s late April meeting that it could soon be time…
Read More » - Health
The International Energy Agency Issues a Landmark Statement About Fossil Fuels
The crucial turning points of the climate era can be found in a series of sentences, some of them pretty…
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Yes. America Still Has Affordable Homes (Gasp!). Here’s Where They Are
America’s torrid housing market isn’t showing any signs of slowing down—at least for now. In April, every home sold in…
Read More » - Sports
New York legislation aims at better workplace protections for cheerleaders — now do the whole country
The Buffalo Jills have prompted a bill in New York State to ensure better working conditions for cheerleaders.Image: AP The…
Read More » - Market
PayPal to buy online returns start-up in its latest run at the retail shopping space
The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images PayPal is…
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Mainland Markets Shrug Off Global Inflation Fears
SHANGHAI, CHINA – APRIL 28: Aerial view of the butterfly-shaped Century Pavilion, a venue for the … [+] 10th China…
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Fed’s Evans blames weak jobs report on ‘growing pains’ but sees strong job growth for rest of 2021
Chicago Fed President Charles Evans said he expects the labor market to continue to expand at a healthy pace for…
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April’s big jobs miss explained and what it means for the U.S. economic outlook
Server Nioka Mantilla arranges items in the buffet at the DoubleTree by Hilton Hotel on Penn Street in Reading, Pennsylvania,…
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BlackRock’s bond boss, overseeing trillions, says ‘every client’ is worried about inflation
BlackRock‘s Rick Rieder told CNBC on Tuesday he frequently has discussions about whether the U.S. economy will run too hot, too…
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Powell releases new Fed data showing how pandemic hit the poorest hardest
Federal Reserve Chairman Jerome Powell on Monday gave a sneak peak at new data that clearly shows how “those least…
Read More » - Health
Biden’s climate push promises ‘jobs, jobs, jobs.’ Here’s what that might look like
But what will those “jobs, jobs, jobs” look like? Although the investment in combating climate change will inevitably lead to…
Read More » - Automobile
States Investigating Predatory Subprime Auto Lender For COVID-19 Actions
Photo: Justin Sullivan (Getty Images) Credit Acceptance is one of America’s largest subprime car lenders, and it turned a massive…
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Stock Market: Pockets Of Potential Growth Point To Employment, Economy And Business Gains
A crowded concert venue is one of the many potential accomplishments ahead getty We read about it daily. Struggling industries…
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Mortgage rate reversal could be just the start of significant movement
Depressed Treasury yields have kept mortgage rates under 3% recently, but positive economic news could indicate larger increases will follow…
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Biden’s first 100 days poised as best such stretch for S&P 500, Dow since FDR
The S&P 500 index and Dow Jones Industrial Average have been roaring higher as President Joe Biden nears his first…
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Enphase Energy posts record quarter. Stock slides as management warns of chip shortage pains
Solaray Director Jonathan Fisk moves a solar panel at the solar power installation company’s Sydney facility. Jason Reed | Reuters…
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Stocks making the biggest moves midday: Best Buy, Casper Sleep, Etsy and more
Employees bring a television to Steve Steward’s car at a Best Buy store on Black Friday, traditionally one of the…
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Stocks making the biggest moves after the bell: Tesla, Snap, GameStop & more
A man walks in front of a GameStop store in the Jackson Heights neighborhood of New York City, New York,…
Read More » - Automobile
Raising The Gas Tax Is Back In The Conversation
Photo: Getty Images (Getty Images) The federal gas tax was last raised in 1993 and, anytime anyone countenances raising it,…
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‘This is our generation’s moonshot,’ Energy Secretary Granholm says of fighting climate change
Secretary of Energy Jennifer Granholm speaks during the daily press briefing on April 8, 2021, in the Brady Briefing Room…
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The labor market is heating up as fewer people seek unemployment benefits
In an aerial view, workers with the San Francisco Department of Public Works repave a section of 24th Avenue on…
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Shortage of semiconductors, dubbed the ‘new oil,’ could dent GDP growth, boost inflation
China laid out seven “frontier” technologies in its 14th Five Year Plan. These are areas that China will focus research…
Read More » - Automobile
SCOTUS Rules In Favor Of Fraudster Racer Scott Tucker
Photo: Brian Cleary / Stringer (Getty Images) It’s been a few years since we last talked about Scott Tucker and…
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Exxon board member Jeff Ubben raises stake, as oil giant invests in carbon capture
Activist investor and newly appointed Exxon board member Jeff Ubben is building his stake in the company on the belief…
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U.S. weekly jobless claims keep falling
The numbers: Jobless benefit claims fell to 574,000 last week from a revised 586,000 a week earlier, the U.S. Labor…
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Jobless claims fell again last week as employment picture continues to improve
The U.S. jobs market recovery accelerated its pace last week as fewer Americans headed to the unemployment line, the Labor…
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Here are the 10 biggest economies in the world — before the pandemic vs. now
A child runs past a wall mural depicting healthcare workers wearing face masks along a road in New Delhi, India…
Read More » - Health
Climate change ‘threatens viability’ of winter road to mines
Advertisement. A new study suggests the NWT’s Tibbitt to Contwoyto winter road can’t handle much more warmth, threatening the ice…
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Weekly jobless claims tumble to lowest level in more than a year
First-time claims for unemployment insurance unexpectedly fell sharply last week amid signs that hiring has picked up in the U.S.…
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Powell praises economic recovery and sees Fed pulling back help after ‘substantial’ progress
Federal Reserve Chair Jerome Powell prepares for a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and…
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Fed’s Waller says the central bank isn’t keeping rates low to finance government debt
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation…
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Private payrolls hiring bursts at fastest pace since September on rise in hospitality hiring
Waiter Boris Macquin serves customers behind plexiglass outside at Figaro Bistro on the first day Los Angeles County allows indoor…
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CFOs haven’t been this upbeat about the global economy since 2018: CNBC survey
In the U.S., a consumer that represents 70% of the economy is seen as key to a continued recovery, and…
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Weekly jobless claims higher than expected despite signs of labor market improvement
First-time claims for jobless benefits were higher than expected last week, with 719,000 more workers heading to the unemployment line,…
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March jobs report is expected to be strong and show the beginning of a hiring surge
Americans are beginning to return to the workforce in big numbers, and that is likely to show up in the…
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Manufacturing boom brings more signs that inflation is building rapidly
An operator stacks heavy gauge steel brace used for industrial workbench leg at Tennsco’s factory in Dickson, Tennessee, U.S. February…
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Jobs report blows past expectations as payrolls boom by 916,000 in March
Job growth boomed in March at the fastest pace since last summer, as stronger economic growth and an aggressive vaccination…
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Fed’s Mester lauds jobs report, but says loose policy is staying put
Loretta Mester, president and chief executive officer of the Federal Reserve Bank of Cleveland. David Paul Morris | Bloomberg |…
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The Fed could come under fire for easy policy while the economy soars and inflation rises
Chairman of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing on “The Quarterly CARES Act Report…
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24% of unemployed workers have been jobless for over a year
The Inn of Rosslyn, which is permanently closed due to pressure from the Covid-19 pandemic, on Feb. 5, 2021 in…
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Fed officials say easy policy will stay in place until economic ‘outcomes’ are achieved
Federal Reserve officials indicated at their last meeting that easy policy will stay in place until it produces stronger employment…
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Fed’s Brainard says the economy is improving but is still ‘far from’ where it needs to be
Federal Reserve Governor Lael Brainard said Wednesday that while the U.S. economic outlook has “brightened considerably,” it remains well away…
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U.S. confident vast majority of developed nations will agree to global minimum tax, Treasury deputy says
Adewale Adeyemo, Treasury Secretary Janet Yellen’s deputy, on Wednesday said increasing the U.S. corporate tax rate to 28% will not…
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Weekly jobless claims higher than expected
First-time claims for unemployment insurance rose more than expected last week despite other signs of healing in the jobs market,…
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Powell says it’s ‘highly unlikely’ the Fed will raise rates this year, despite stronger economy
Federal Reserve Chairman Jerome Powell Kevin Lamarque | Reuters Despite what he sees as a rapidly recovering economy, Federal Reserve…
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Consumer prices rise more than expected, pushed by 9.1% jump in gasoline
Consumer prices shot higher in March, given a boost by a strong economic recovery and year-over-year comparisons to a time…
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