Category: #Economy
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House to vote on Biden’s $1.9 trillion Covid relief bill with $1,400 checks
The measure is expected to pass the House, but a provision to raise the minimum wage is likely to die in the Senate. Source: https://www.nbcnews.com/politics/congress/house-vote-biden-s-1-9-trillion-covid-relief-bill-n1258883…
Fed glitch shuts down wire transfers, direct deposits, other services
Enlarge / The Federal Reserve Building in Washington, DC. (credit: Rudy Sulgan / Getty Images) Federal Reserve electronic systems that enable US banks to send…
How rich do you have to be to make it into the 1 percent?
Will a million dollars get you into the 1% club? Not in most countries? Two million will get you into several European and Asian countries….
How to Sync Your Xbox Controller to Multiple Devices at Once
If you use your Xbox Series X or S controller with multiple devices, you might be surprised to learn that it’s possible to quickly switch…
Latest weekly jobless claims total 793,000 vs. 760,000 expected
“Extended periods of unemployment can inflict persistent damage on lives and livelihoods while also eroding the productive capacity of the economy,” Fed Chair Jerome Powell…
The high economic costs of disrupted school
The pandemic’s disruption of in-person school is causing headaches for students, parents and teachers. But it’ll also trigger long-term economic consequences to the tune of…
Manchin, Collins push effort to bar payments to high-income earners
The Senate Democratic majority may be moving forward with a coronavirus approach that sidelines Senate Republicans. But the bipartisan negotiating group isn’t done yet. Sixteen…
Sanders says Democrats have the votes to pass another relief bill
Sen. Bernie Sanders (I-Vt.) on Sunday said that he believes Senate Democrats have the votes to pass another COVID-19 relief package.In an appearance on ABC’s “This…
50 members of congress push Biden for recurring stimulus checks
The ask is for monthly checks until ‘the end of the pandemic.’ Politico: More than 50 House progressives are pushing President Joe Biden to prioritize…
Wall Street shrugs at Washington’s debt pileup
Senior U.S. lawmakers are stressing out about mounting government debt as they resist President Joe Biden’s $1.9 trillion plan to boost the economy through more…
Janet Yellen confirmed as first female treasury secretary in U.S. history
Yellen “has long been an advocate for addressing the income and wealth distribution, and now she will be able to act on it,” said one…
Tracking the Rise and Fall of the American middle class with shopping malls
One of the best parts of Wonder Woman 1984 was the present-day opening sequence, of our lasso’d heroine battling some petty crooks at a shopping…
Amazon Buys Planes From Airlines Struggling With Pandemic Slowdown
Amazon has purchased 11 passenger planes from Delta and WestJet that will be converted into cargo jets, according to a press release from the Seattle-based…
New York Stock Exchange again says it will delist 3 Chinese telecoms, reversing course
The New York Stock Exchange again reversed course Wednesday and announced it would delist three major Chinese telecom companies — China Mobile Ltd., China Telecom Corp…
N.Y. Stock Exchange no longer intends to delist Chinese firms despite Trump’s executive order
The New York Stock Exchange announced late Monday it no longer plans to delist three Chinese companies. Why it matters: The NYSE said last Thursday…
Stocks fall as trading starts for year of great expectations
U.S. stocks are falling from their record highs Monday, as trading gets underway in a year where the dominant expectation is for a powerful economic…
Pandemic’s revolution in transportation and commerce rivals 19th-century railroad construction
“Alternative logistics providers are trying to create a private delivery network across the country — because that’s what we need,” said one trade expert. Source:…
19.5 million Americans remain on unemployment at end of 2020
787,000 Americans filed for initial jobless claims last week, a decline of 19,000 from the previous week and 41,000 fewer unemployment claims than economists had…
Claims for jobless benefits fall to 787,000, down 19,000
The number of Americans seeking unemployment benefits fell by 19,000 but remain elevated at 787,000 as a resurgent coronavirus grips the U.S. economy. While at…
How 6 states and D.C. are taking coronavirus relief into their own hands
Cash-strapped states and cities have spent six months waiting and pleading for help from the feds — and scraping together what little free cash they…
The average rent in San Francisco dropped $1,000 since the beginning of the year
San Francisco apartments are, on average, $1,000 a month cheaper this year than they were in January, according to SocketSite. With the average asking rent for…
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