House Speaker Nancy Pelosi said Thursday that Democrats would not support a standalone bill to fund airline relief unless the Trump administration agreed to her demands for a comprehensive relief package. The package, designed by Democrats, contains spending equal to nearly half the pre-pandemic federal budget. Airlines have said without further relief funding they will […] Read more
The potential impact of a Biden presidency could be worse than in 1929, President Trump told Fox News’ Sean Hannity. If elected, Democratic presidential nominee Joe Biden would repeal President Trump’s tax cuts and raise taxes by the “largest percentage” in the country’s history, the president warned Thursday night. “He wants to take all that […] Read more
Democratic presidential nominee Joe Biden pushed his plan to raise the minimum wage to $15 an hour if he defeats President Donald Trump in November. Biden made the comments Monday afternoon while campaigning in Florida. “Fifteen dollars should be a minimum wage in the United States of America. Period,” Biden said. His economic plans include […] Read more
The risk-off sentiment on Wall Street fueled the third-worst weekly outflow on record from U.S. equities, with technology shares falling out of favor. U.S. stock funds bled $25.8 billion in the week through Sept. 23, in a reversal from the previous week’s biggest inflow in more than two years, according to Bank of America Corp. […] Read more
Economic statistics were never designed to measure the sudden shutdown and restart of large segments of the U.S. economy. Still, if there is one question that the government seemingly should be able to answer, it is this: How many Americans are receiving unemployment benefits? Since the start of the pandemic, however, federal data on the […] Read more
As the economy and jobs remain a top issue in this election year, the latest numbers from the government today show a clear improvement in the jobs picture. The unemployment rate fell sharply from 10.2 percent to 8.4 percent which is far better than expectations and way below the key level of 10-percent. Today’s numbers […] Read more
China’s economy is getting a boost from soaring demand for tech products that make it easier and more efficient for Americans to work from home during the COVID-19 pandemic, according to economists at one Wall Street bank. Tech shipments from China soared 37% from a year earlier in the April-through-June quarter, contributing 2.4 percentage points […] Read more
Stephen Roach, a Yale University senior fellow and former Morgan Stanley Asia chairman, tells MarketWatch that his forecast for a sharp deterioration of the U.S. dollar could be a very near-term phenomenon, not an event that looms off in the distance. “I do think it’s something that happens sooner rather than later,” the economist told […] Read more
The stronger dollar era may be on borrowed time. Stephen Roach, one of the world’s leading authorities on Asia, is worried a changing global landscape paired with a massive U.S. budget deficit will spark a dollar crash. “The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very […] Read more
The European Central Bank has just added to the boatloads of pandemic stimulus out there, credited for shielding stocks and investors from bad news. But stock futures are under pressure, which could threaten yet another winning session for the S&P 500 SPX, -0.15%. The index is up 40% from its March 23 lows, and some are nervous. […] Read more
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Colleges athletes are getting a free or full ride University Scholarsh ...
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The college athletes should be paid by getting their college paid for, ...
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