WASHINGTON – Treasury Secretary Janet Yellen advocated for a global minimum corporate tax rate on Monday, seeking the international cooperation that is crucial to fund the administration’s $ 2.3 trillion infrastructure proposal. …
Read More »US stocks open higher on signs of an economic rebound
US equity futures rose on Monday after a strong employment report and before new data expected to show a recovery in the US services sector. Futures linked to the S&P 500 rose …
Read More »Small Business Owners Feel the Weight of Personal Debt Guarantees
The pressure is tightening for American restaurant, gym and other small business owners trying to hold out until the economy fully reopens. And unlike most large companies, the burden is often deeply …
Read More »New York lawmakers move closer to a budget deal to increase corporate revenue and taxes by $ 4.3 billion
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 »$ 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 »