ALBANY, NY – New York Governor Andrew Cuomo and state lawmakers are closing in on a budget deal that would raise corporate and income taxes by $ 4.3 billion a year and …
Read More »If you sell a house these days, the buyer could be a pension fund
This winter a bidding war broke out in a new subdivision north of Houston. But the prize this time was the entire subdivision, not just a suburban home, illustrating the rise of …
Read More »US Treasury Yields Rise After Strong Jobs Report
US government bond yields rose after new data showed a big jump in hiring in March, giving investors more reason to be optimistic about the economic outlook. The yield on the benchmark …
Read More »The real estate market is crazier than it has been since 2006
Less than a day after realtor Andrea White listed a three-bedroom home in Sacramento, California in March, she received a cash offer. The buyer, who hadn’t even seen the home in person, …
Read More »Iran and China sign an economic and security agreement that defies pressure from the United States
Iran and China signed a far-reaching security and economic cooperation agreement, challenging US attempts to isolate Iran and promoting Tehran’s long-standing efforts to deepen diplomatic ties outside of Western powers. Foreign Ministers …
Read More »WORLD MARKETS-Recovery of yields on stocks and bonds; the dollar shows strength
* Economic optimism offset by concerns about US-China tensions. * Euro / dollar lower since November due to divergent COVID outlook * Oil Settles as Efforts to Refloat Stranded Tanker Suez Continue …
Read More »$ 15 an hour minimum wage could further affect teen employment
Raising the federal minimum wage to $ 15 an hour would make it difficult for many teens to get or keep a job, adding to the job challenges they have faced during …
Read More »Friday’s jobs report will be released on a closed stock market; that has only happened 12 times since 1980
Good Friday is next week and the markets will be closed as usual. What will be unusual, however, is that the shutdown of financial exchanges in the US and some other parts …
Read More »Household spending in the US fell 1% in February
American households cut spending by 1% last month as cold weather hit much of the country, but they are poised to resume shopping as the pandemic slows and a new round of …
Read More »The housing market is already on fire, and inflation will soon follow, argues this former Morgan Stanley economist.
The bond market has stabilized after a big selloff, and that has comforted stocks. The Nasdaq Composite COMP, dominated by technology, + 0.12% has advanced for six of the last nine sessions, …
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