Economy - Finance > News

Stimulus update: Phew, stimulus checks and aid look more likely

1 month ago   |   By Fast Company

President-elect Joe Biden is wheeling and dealing behind the scenes in hopes of prodding Congress into an immediate aid package. Here's what's happening.
After six months of inexorable congressional deadlock over a stimulus aid bill, the vibe in Washington has changed: President-elect Joe Biden is wheeling and dealing behind the scenes in hopes of prodding Congress into an immediate aid package. Here's what's happening.
Read more ...

 

Warren Buffett wants more small-business aid, less income inequality, and a robust economic recovery. He'll be happy to have Janet Yellen as treasury secretary

Warren Buffett wants more small-business aid, less income inequality, and a robust economic recovery. He'll be happy to have Janet Yellen as treasury secretary

1 month ago   |   By Business Insider

Summary List Placement
Warren Buffett is likely pleased that President-elect Joe Biden intends to appoint Janet Yellen as treasury secretary.
The billionaire investor and Berkshire Hathaway CEO praised the former Federal Reserve chief in 2014, and will likely support her efforts to stimulate the US economy, boost employment, and combat income inequality.
"I think that the new administration will act promptly to extend help to small businesses," Buffett said at a private event last week.
On the other hand, Yellen criticized and slapped restrictions on Wells Fargo, one of Berkshire's oldest...
Read more ...

 

Warren Buffett wants more small-business aid, less income inequality, and a robust economic recovery. He'll be happy to have Janet Yellen as treasury secretary

1 month ago   |   By Business Insider

Warren Buffett.
REUTERS/Rebecca Cook
Warren Buffett is likely pleased that President-elect Joe Biden intends to appoint Janet Yellen as treasury secretary. The billionaire investor and Berkshire Hathaway CEO praised the former Federal Reserve chief in 2014, and will likely support her efforts to stimulate the US economy, boost employment, and combat income inequality. "I think that the new administration will act promptly to extend help to small businesses," Buffett said at a private event last week. On the other hand, Yellen criticized and slapped restrictions on Wells Fargo, one of...
Read more ...

 

More than 125 economists, including Obama's former top economic advisor, have signed a letter urging Congress to send a second round of $1,200 stimulus checks

1 month ago   |   By Business Insider

Carlos Ponce joins a protest in in Miami Springs, Florida, asking senators to continue unemployment benefits past July 31, 2020.
Joe Raedle/Getty Images
A group of more than 125 economists worldwide are calling for another round of $1,200 COVID-19 stimulus checks to keep Americans out of poverty.
Signatories included Jason Furman - who was the top economic advisor to former president Barack Obama - as well as Claudia Sahm, a former Fed economist, and Alan Blinder, a former Federal Reserve board vice-chairman.
"Unless policymakers act quickly to respond to the crisis at the scale necessary...
Read more ...

 

Laura Ingraham told viewers that Biden will be the next president, and suggested that anyone who says otherwise is lying

1 month ago   |   By Business Insider

Laura Ingraham on her show on November 23, 2020. She said that President Donald Trump's election challenges will likely fail.
Fox News
On Monday night, Laura Ingraham told her Fox News show it was highly unlikely that President Donald Trump would win his legal challenges to the 2020 election results and secure a second term.
"Unless the legal situation changes in a dramatic, and frankly, an unlikely manner, Joe Biden will be inaugurated on January 20," Ingraham said.
She added: "If I told you there was an excellent, phenomenal chance that the Supreme Court was going to step in and deliver...
Read more ...

 

The letter enabling Biden's transition goes to extreme lengths to avoid saying that he beat Trump and won the election

1 month ago   |   By Business Insider

This screenshot of the GSA presidential transition letter is marked up by Insider to show President-elect Biden addressed as 'Mr Biden'
GSA/Insider
The letter sent by the General Services Administration to President-elect Joe Biden authorizing his transition does not say that he won the election.
It's very different to her predecessor's letter to then President-elect Barack Obama, which was straightforward and called him "President-elect."
Visit Business Insider's homepage for more stories .
The letter to authorize President-elect Joe Biden's transition arrived late Monday - but is an...
Read more ...

 

The EU thanks Joe Biden for his 'clear support' in Brexit dispute with the UK

1 month ago   |   By Business Insider

Boris Johnson and Joe Biden
Getty
The EU has thanked President-elect Joe Biden for his support after he warned Boris Johnson not to undermine the Good Friday Agreement in pursuit of a favourable Brexit deal.
Charles Michel, the president of the European Council, 'thanked the President-elect for his clear support of the Withdrawal Agreement the EU concluded with the UK last year.'
It came after Biden publicly warned Boris Johnson in October that a UK-US trade deal was off the table if Boris Johnson undermined the Good Friday Agreement.
Visit Business Insider's homepage for more stories...
Read more ...

 

Agent/broker perspective: Should agents start aligning with Biden's housing plans?

1 month ago   |   By Inman

With the election drawing to a close, an agent feels ready to shift her business and align more with the president-elect's housing policies. What should her broker say? Anthony Askowitz explores this hypothetical real estate situation from both sides of the broker/agent dynamic.
Read more ...

 

Biden taps Yellen - Banks pause return-to-office plans - Investors pour money into magic mushrooms

1 month ago   |   By Business Insider

A trader works on the trading floor after the closing bell at the New York Stock Exchange in New York City
Reuters
The pick is in. President-elect Joe Biden will nominate Janet Yellen, the former Federal Reserve Chairwoman, to be the next Treasury secretary, according to The Wall Street Journal. Yellen has a laundry list of achievements in the public sector, having previously served as the head of the White House Council of Economic Advisers, in addition to her time as the leader of the Fed. She would be the first woman to serve as Treasury secretary, if confirmed. If you're not yet a...
Read more ...

 

President-Elect Joe Biden Calls For Another Round Of Economic Stimulus

1 month ago   |   By NPR

As vice president, Joe Biden played a key role in overseeing a major stimulus package. How does he see stimulus now, as president-elect, facing a pandemic?
Read more ...

 


Search by Tags

   News      Business      Employment      Economy      Markets      Finance      Janet Yellen      Joe Biden      Warren Buffett      Federal Reserve      Treasury Secretary      Banks      World      Politics      Congress      Economist      White House      United states      COVID-19      Stimulus bill      Stimulus checks      Health      Security      Ads      Legal      News UK      Laura Ingraham      Donald Trump      2020 election      Fox news      Unusual      Service      Services      GSA      Emily murphy      Analysis      Trading      Europe      Council      Boris Johnson      Biden 2020      EU      Brexit Insider      Housing      House      Real Estate      Agent      Brokerage      Columns      Opinion      Select      Biden      Biden's plans      Homeownership      Housing policy      Middle-income      President-elect Joe Biden      Traders      Trader      Search      New York      Jobs      Sector      Bank      Land      Exchange      Job  


Biden's $1.9 Trillion Package Is A Good Start. But It's Only A Start

Biden's $1.9 Trillion Package Is A Good Start. But It's Only A Start

There's a lot to like in Biden's relief agenda - if Republicans will let it pass. Read more ...

Stocks fall as economy's pain deepens, post a weekly loss

Stocks fall as economy's pain deepens, post a weekly loss

NEW YORK - Stocks closed lower on Wall Street Friday, posting their first weekly loss after two weeks of solid gains. The S&P 500 fell 0.7%, with stocks of companies that most... Read more ...

Retail Sales decreased 0.7% in December

Retail Sales decreased 0.7% in December

On a monthly basis, retail sales decreased 0.7 percent from November to December , and sales were up 2.9 percent from December 2019. From the Census Bureau report : Advance... Read more ...

I spent only $400 on an all-inclusive honeymoon thanks to the IHG Rewards...

I spent only $400 on an all-inclusive honeymoon thanks to the IHG Rewards Premier credit card, and it continues to save me money on travel

Summary List Placement When my husband and I were planning our wedding, each of us opened the IHG® Rewards Club Premier Credit Card and earned the welcome bonus by using it to... Read more ...

Barclays says buy these 8 conviction stocks set to gain with the reflation...

Barclays says buy these 8 conviction stocks set to gain with the reflation trade in 2021 - including one that could rally 76%

Summary List Placement The UK market could offer cheap opportunities for investors looking to play the reflation trade as the economy recovers over the course of 2021... Read more ...

Stocks fall as economy's pain deepens, head for weekly loss

Stocks fall as economy's pain deepens, head for weekly loss

NEW YORK - Stocks are falling Friday after reports showed the pandemic is deepening the hole for the economy, as Washington prepares to throw it another lifeline. Read more ...

Whenever I get a raise, bonus, or extra income, I spend it in 3 ways to...

Whenever I get a raise, bonus, or extra income, I spend it in 3 ways to build wealth for the future

Summary List Placement When I started working for myself, my income declined temporarily. But when I sought out and took on additional work, I started making more... Read more ...

Xiaomi plunges a record 14% after Trump administration blacklists the...

Xiaomi plunges a record 14% after Trump administration blacklists the Chinese smartphone maker

Summary List Placement Xiaomi stock plunged as much as 14% on Friday after the Department of Defense added the firm to its US investment blacklist . Under the terms of the... Read more ...

The UK economy is on the brink of a double-dip recession after it shrank...

The UK economy is on the brink of a double-dip recession after it shrank 2.6% in November amid surging COVID-19 cases

Summary List Placement The UK economy shrank 2.6% in November as an increase in coronavirus infections and fresh restrictions exacted a heavy toll, official figures have shown... Read more ...

Weekly Initial Unemployment Claims increased to 965,000

Weekly Initial Unemployment Claims increased to 965,000

The DOL reported : In the week ending January 9, the advance figure for seasonally adjusted initial claims was 965,000, an increase of 181,000 from the previous week's revised... Read more ...