-
The Hefty Price Tag on Biden's Stimulus Plan Is Worth the Cost, Says Economist
President-elect Joe Biden is hoping to jump-start the economy with his sweeping $1.9 trillion American Rescue Plan. Morning Consult economist John Leer joined LX News to make a case for why it’s worth it for the U.S. government to pass a costly relief bill and avoid catastrophic long-term consequences of the pandemic.
-
Extra Unemployment Benefits Won't Be Available to Some Workers for Weeks
Some states, like Virginia, Oklahoma and Texas, won’t be able to issue additional funds from the Covid relief law to certain workers for several weeks.
-
Businesses In Downtown Hartford Struggling During Pandemic
With most of Hartford workforce working from home, businesses downtown are finding it difficult to draw in any customers during the pandemic.
-
S&P 500 and Nasdaq Close Slightly Higher, Led by Tech Shares
The S&P 500 and Nasdaq Composite closed slightly higher on Wednesday, led by tech shares, as traders kept an eye on interest rates.
-
New York City May Turn Vacant Retail Space Into Covid Testing Sites, Says Real Estate Mogul
Converting vacant retail space into rapid testing sites could help people feel comfortable going back to restaurants, real estate executive William Rudin said.
-
Opponents to $2K Stimulus Checks Say They Are Not Targeted. How That Could Be Fixed
Washington leaders disagree whether $2,000 stimulus checks will really help those who need it most. Experts say these changes could better direct the money.
-
Lagarde Stands by Growth Forecasts Despite New Lockdowns Hitting Europe
The ECB is sticking to its growth projections despite new coronavirus restrictions that could extend the economic crisis in the euro area.
-
Japan's State of Emergency Is Seen Having Limited Impact on the Economy
This latest state of emergency in Tokyo and three other areas was announced last week, in a bid to combat the latest surge in coronavirus infections.
-
Despite Rising Yields, $7.9 Billion Money Manager Believes Inflation Comeback Worries Are Premature
RiverFront Investment Group’s Kevin Nicholson predicts the 10-year Treasury Note yield has little near-term upside left.
-
V-Shaped Recovery Is in ‘Tatters,' and Wall Street Doesn't Seem to Care: Economist Stephen Roach
Yale University senior fellow Stephen Roach, who served as Morgan Stanley Asia Chairman, sees signs the U.S. economy is relapsing into a recession.
-
Walmart Customers Don't Expect a Speedy Economic Recovery, Top Executive Says
Walmart’s sales have risen during the Covid pandemic, but its chief customer officer said many customers are nervous and financially strapped.
-
Stocks Making the Biggest Moves After Hours: Urban Outfitters, KB Home, Repay Holdings & More
Check out the companies making headlines in after hours trading.
-
Stocks Making the Biggest Moves Midday: Tesla, General Motors, Wells Fargo and More
These are the stocks posting the largest moves in midday trading.
-
Fed's Esther George Cautions That Inflation Could Rise Faster Than Expected
Long-dormant inflation could rebound more quickly than anticipated, Kansas City Fed President Esther George said Tuesday.
-
A Top Democrat Backs $600 Unemployment Boost. Studies Show Increase Didn't Discourage People From Working
Sen. Ron Wyden, D-Ore., wants to increase jobless benefits by $600 a week again. New evidence suggests a prior subsidy hadn’t kept people from returning to work.
-
Hospitality Industry Sees Drop in Job Openings and Surge in Separations as Shutdowns Take Hold
Job openings decreased in November, with the biggest hit coming to the battered hospitality industry as the Covid pandemic surges.
-
Goldman Sachs Backs Two ‘Unloved' European Indexes to Outperform in 2021
Goldman Sachs has backed Britain’s FTSE 100 and Germany’s DAX to outperform in a resurgent year for European equities.
-
5 Things to Know Before the Stock Market Opens Tuesday
U.S. stock futures rose Tuesday, a day after market declines from record highs.
-
AstraZeneca Covid Vaccine Could Be Distributed Across Europe by Mid-February, EU Official Says
AstraZeneca’s vaccine against the covid-19 could be available across the European Union in mid-February after asking the European Medicines Agency for approval.
-
Synchrony CEO Margaret Keane Stepping Down After Nearly a Decade Leading the Co-Branded Card Lender
Synchrony CEO Margaret Keane will step down after nearly a decade of running the co-branded card lender.