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Lawmakers may lower the income eligibility threshold for the third round of stimulus payments, to target relief at lower-income households.
Senate Begins Marathon Stimulus Debate—Here’s What You Need To Know About Thursday’s ‘Vote-A-Rama’Feb 4, 2021 - 12:22:20 PST
As part of the special process that will eventually allow congressional Democrats to pass President Biden’s sweeping $1.9 trillion relief plan without any Repulican votes, the Senate on Thursday began a grueling legislative session called a “vote-a-rama.” Here’s everything you need to know.
The Department of Homeland Security issued on Wednesday a nationwide terror alert lasting until April 30. The alert warns of potential terrorist...
Feb 4, 2021 - 12:02:16 PST
More than 2 million firearms were sold in January, an 80 percent jump and the third-highest monthly total on record.
Establishment's objective in all this may be the literal destruction of the dollar and the creation of a new currency from its ashes. If that comes to pass, there's little question who will come out on top. It will the top one percent and those in the Establishment, not the average Jane and John Doe, the people who actually keep America running.
The amount has reached 112 trillion yen -- also a record high. The worst figure in the past was 52 trillion yen in fiscal 2009 after the global financial crisis caused by the bankruptcy of Lehman Brothers, but the amount this fiscal year is more than double that. The debt of the central and local governments is expected to surpass 1.2 quadrillion yen...
Between FINRA focusing on platforms and yesterday's call by Maxine Waters to drag GameStop executives before congress at upcoming hearings (as if the company had anything to do with the stock's move), we are almost guaranteed that lawmakers and regulators will find everything but the reason for last week's chaos.
Citadel Securities, a High-Speed Trading Firm Linked to Robinhood Is Going to War with the SECFeb 4, 2021 - 10:41:00 PST
Citadel Securities is under the microscope over its relationship with Robinhood. But the high-frequency trading firm is not laying low.
Investors warn the cheery mood in global stock and commodity markets could come to a violent end if Chinese policymakers tighten lending to prevent their economy and financial markets from overheating.
A recent Washington Post article claimed "shutdowns aren’t killing jobs, the virus is.”
Data from a new economic paper, however, paints a much different picture regarding the toll of government lockdowns.
Mr. Biden told House Democrats on Wednesday that he wouldn’t change the amount of the proposed $1,400 payments, saying people had been promised that amount, according to the people.
Millions of Americans Who Were Unemployed Last Year Face a 2020 Tax Bill They Can’t AffordFeb 4, 2021 - 10:05:05 PST
A new bill wants to block federal income taxes on the first $10,200 a person received in unemployment benefits last year.
Feb 4, 2021 - 09:57:36 PST
Global food prices have reached their highest in almost seven years, further raising the spectre of food inflation and hunger at a time when the Covid-19 pandemic continues to hit economies around the world.
China Stocks Fall on Fresh Liquidity Concerns, Hong Kong Dragged by Tech SharesFeb 4, 2021 - 09:49:30 PST
China stocks fell on Thursday, dragged lower by fresh investor worries over signs of liquidity tension ahead of the upcoming Lunar New Year holiday, while Hong Kong was pulled by losses in tech shares.
Feb 4, 2021 - 09:46:52 PST
What occurs when hundreds of thousands of people abruptly determine to dabble in a frothy inventory market?It's not a brand new query, however a well timed one,
Every time Italy is about to go off the rails, there’s always been the same solution: call in the technocrat. Former European Central Bank President Mario Draghi is the latest in a long list of fixers.That’s when you know things are really bad...
SWIFT Sets Up Joint Venture With China Central Bank Ahead Of Imminent Digital Yuan LaunchFeb 4, 2021 - 08:49:36 PST
China Will Be The First Country To Launch A Digital Currency: What Happens Then
Because of the lockdowns and their economic fallout, we will likely suffer a recession in the first quarter of 2021. Money velocity is low, so disinflation is the problem in the short term. But that doesn’t mean inflation isn’t coming back or even that hyperinflation isn’t possible once it does.
Atlanta Fed President Raphael Bostic told Yahoo Finance Thursday that his expectation for US GDP growth of 5-6% would not warrant a tapering in quantitative easing this year.