Tag: economic news

As rising Treasury yields spook stock investors, March looms like a lion

After a frenetic February, investors are probably hoping that March holds true to its proverb: In like a lion out like a lamb. Indeed, February...

The economy is heating up again and it’s good news for millions of unemployed

The U.S. economy is accelerating again after a coronavirus speed bump at the end of last year, but what’s missing is a big increase in...

$1.9 trillion coronavirus aid package set to clear House late tonight

House Democrats hope to clear President Joe Biden’s $1.9 trillion economic package late Friday and send it on to the Senate, where it will face...

‘The massive restructuring of the economy resulting from the pandemic will likely generate further declines in the middle class’

Most Americans believe themselves to be members of the middle class. But a new report has shed light on who really makes up this segment...

U.S. government bonds just staged epic yield climbs.What’s next?

U.S. Treasury yields saw a steady rise in rates ignited into a surge on Thursday, putting government debt across the curve on track to mark...

Need to report bitcoin trades on your taxes? Here are 5 things to know first

Treasury Department Secretary Janet Yellen is not big on bitcoin, a point she reiterated recently when she called the digital currency speculative and “inefficient.” That...

Some 730,000 Walmart employees won’t be getting $15 an hour pay — they’re hardly alone

Walmart WMT, +0.49% has joined a growing list of retailers boosting employees’ wages to $15 an hour, but unlike rivals such as Target TGT, -1.35%,...

Philadelphia relies on a commuter tax to balance its budget. What does that mean in a work-from-home world?

Jon Dumont has walked through Philadelphia’s Center City district to and from his office for years, passing familiar businesses and friendly faces. But the experience...

Last-minute strategies for lowering your 2020 business tax bill

Although 2020 is history (thankfully), business taxpayers can still take actions that will lower last year’s federal income tax liability and/or federal income tax liabilities...

Turned 60 last year? Social Security has an unpleasant surprise for you

Future Social Security benefits could drop for people who turned 60 in 2020, analysts said, but the extent of the decline is still unknown.  There...

Heavily shorted stocks began their ‘off the charts’ rally long before the GameStop frenzy, Deutsche Bank says

It’s another busy week of earnings, and U.S. stocks have made a solid start. Earnings aside, the expectation that new stimulus will heat up the...

This is America’s rare chance to undo the economic wrongs of decades, these strategists say

What doesn’t kill you makes you stronger, it’s said, though that’s cold comfort for anyone going through a trauma, whether personal or collective. But some...

The IRS says teachers can deduct hand sanitizer costs and how Dolly Parton’s Super Bowl ad glosses over the reality for millions of gig workers

Happy Friday MarketWatchers. Don’t miss these top stories: Jon Bon Jovi finally puts a price on his NJ mansion: it’s available for $20 million The...

ETF Wrap: Have a heart, and Bezos in an ETF

Welcome to the first ETF Wrap in months that doesn’t have existential dread as its guiding principle. There was plenty of news, of course —...

Opinion: Code red — here’s what it means for the stock market now that company insiders are selling shares

Now that WallStreetBets’ 15 minutes of fame is over, it’s all clear in the stock market, right? Maybe not. Right before the GameStop GME, -28.41%...

S&P 500 earnings recession set to end, as Q4 EPS swings to growth

The S&P 500 earnings recession is now set to end, as bottom-line results for the fourth quarter have swung to growth for the first time...

Tesla is in decline, SUVs are king, and more insights from the world’s largest electric-vehicle market

Europe overtook China in 2020 to become the world’s largest market for electric vehicles, amid a pedal-to-the-metal push to increase EV adoption from governments and...

Here’s what the robot fund that’s beating the S&P 500 is investing in now

Shares of the videogame retailer are up 23% in premarket trading after Monday’s wild session. To some, this is stirring memories of the dot-com boom...

GDP shows economy grew at 4% annual pace at the end of 2020

The numbers: The U.S. grew at a modest 4% annual pace in the final three months of 2020 as a record wave of coronavirus cases...

Elizabeth Warren calls for new leadership to oversee student loans — and calls Betsy DeVos era a ‘disaster’

When Congress ordered the Department of Education to stop garnishing the wages of borrowers who defaulted on their student loans as part of the CARES...

‘We have not won this yet,’ Fed’s Powell says, signaling policy to remain ultra-easy

Federal Reserve Chairman Jerome Powell on Wednesday said the central bank hasn’t finished the job of restoring the economy to health, a dovish signal that...

Opinion: 5 tax-related policies Biden can push to help small businesses truly recover from COVID-19

As President Joe Biden and his administration establish their plans to combat the pandemic and revive the economy, one thing cannot be understated—small businesses and...

Think higher inflation is coming? The Fed will believe it when it sees it

Federal Reserve officials will meet this week just as prospects for fiscal stimulus get a big boost after Democrats won control the Senate. Some on...

Yellen says raising minimum wage to $15 would have ‘minimal’ impact on jobs, but nonpartisan Congressional Budget Office disagrees

Raising the minimum wage to $15 an hour from $7.25 would help the U.S. economy more than it would harm it, Janet Yellen, President Joe...

‘This is sheer economic waste. We distributed our $1,200 stimulus to our church:’ Why did we get these checks instead of poor Americans?

Dear Moneyist, My husband is 82 years old. I am 83. We are retired. We are neither Democrats nor Republicans. Last year, about midsummer, we...