Las Vegas hotels hiring hundreds as travel confidence returns
As more people get vaccinated against COVID-19, many are starting to feel safe enough to start traveling again. The Las Vegas Strip is already seeing that demand and hotels are needing to hire more staff, and fast.
House Democrats advance equal pay bill over Republican objections
House lawmakers on Thursday passed legislation targeting the gender pay act, known as the Paycheck Fairness Act, though the bill advanced without the support of Republicans.
Republicans prepping $650B counteroffer to Biden's spending proposal
A group of moderate Senate Republicans is drafting a scaled-back infrastructure proposal, an opening salvo as they seek to strike a deal with President Biden on a package more narrowly targeted in scope.
March retail sales surged 9.8% as consumers spent $1,400 stimulus checks
A fresh round of stimulus checks and the accelerated rollout of coronavirus vaccines sent retail sales surging in March as American consumers returned to stores and restaurants.
Stock futures rise ahead of bank earnings, economic data
The parade of bank earnings continues Thursday, with Citigroup, Bank of America and U.S. Bancorp posting ahead of the opening bell
Pace of US economic recovery accelerates, Fed says
The U.S. economic recovery accelerated to a moderate pace from late February to early April as consumers, buoyed by increased COVID-19 vaccinations and strong fiscal support, opened their wallets to spend more on travel and other items, the Federal Reserve said on Wednesday.
Goldman lifts Dow, Nasdaq slips 1%, Coinbase surges 31% to $328
Dow members JPMorgan Chase and Goldman Sachs, and financial services giant Wells Fargo earnings are in focus.
Fed's Powell reiterates cyber threat as bigger danger to US economy than 2008-style financial crisis
Federal Reserve Chairman Jerome Powell warned again that cyber threats are the biggest unknown for the US financial system.
US deficit soars to record $1.7T in six months, fueled by COVID relief spending
The U.S. budget deficit ballooned to a record $1.7 trillion in the first half of the fiscal year as a third round of stimulus checks included in President Biden's coronavirus relief package sent federal spending skyrocketing.
Biden tax increases would hurt US competitiveness, slow wage growth, CEOs say
A majority of the nation's top CEOs agree that President Biden's plan to raise the corporate tax rate in order to pay for his nearly $2.3 trillion spending proposal will hurt business competitiveness and slow wage growth.
With economy poised for best growth since 1983, inflation lurks
Economists expect growth to slow to 3.2% next year, which would still make 2021-22 the strongest two-year performance since 2005.
Stock futures trade cautiously ahead of inflation data
The S&P 500 starts the day after hitting a new high on Thursday
Stock futures trade higher ahead of jobless claims report
Jobless claims are estimated to come in at 680,000, down from 719,000 the prior week
Stimulus checks sent to over 156M Americans as part of Biden COVID relief bill
The IRS sent out a fourth batch of stimulus checks this week, delivering payments to another 25 million Americans as part of President Biden's $1.9 trillion American Rescue Plan.
Biden opens door to lowering corporate tax hike in $2.25T spending proposal
President Biden on Wednesday said he is willing to lower the proposed corporate tax increase included in his nearly $2.3 trillion spending proposal amid pushback from Republicans and some moderate Democrats.
IRS says stimulus checks on the way to Social Security recipients
The IRS said Wednesday that has delivered stimulus checks to millions of Social Security recipients and other lower-income Americans in the third round of payments under President Biden's American Rescue Plan.
Biden administration details plan to tax corporations, crack down on offshoring
The Biden administration on Wednesday released its wide-ranging plan to raise taxes on corporations and enforce stricter policies in order to finance President Biden's $2.25 trillion economic spending proposal.
Jamie Dimon urges companies to play bigger role in public policy issues
JPMorgan Chase CEO Jamie Dimon called on companies to get more involved in policy-making issues, writing in his annual shareholder letter that it's critical for businesses to act as a "responsible community citizen."
Biden's $2.25T spending plan would raise taxes by $2.1T, slash GDP by 0.8% in 2050, study shows
A new analysis published Wednesday shows that Biden's $2.25T infrastructure plan could slash growth in the long term due to a slew of tax hikes.
US trade deficit hits record high in February
The U.S. trade deficit surged to a record high in February as the nation's economic activity rebounded more quickly than that of its global rivals and could remain elevated this year, with massive fiscal stimulus expected to spur the fastest growth in nearly four decades.