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Biden Ordering Stopgap Help as Talks Start on Big Aid Plan
President Joe Biden is taking executive action to provide a stopgap measure of financial relief to millions of Americans
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Biden Signs 2 Executive Orders on Economy: ‘We Need to Act Now'
President Joe Biden signed two executive orders on Friday to address the economic toll of the coronavirus pandemic.
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Sorry, But it May Be 2024 Before the U.S. Is Fully Recovered From the Pandemic
We’re all anxious for the pandemic to be behind us so we can get back to “normal” life. But we may need to wait a while longer. Yale sociologist Nicholas Christakis predicts it won’t be until the end of 2023 or the beginning of 2024 that U.S. fully recovers from the pandemic and a 21st century version of the Roaring...
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US Jobless Claims Decline to a Still-High 900,000
The number of Americans seeking unemployment benefits fell slightly last week to 900,000, still a historically high level that points to ongoing job cuts in a raging pandemic
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The Hefty Price Tag on Biden's Stimulus Plan Is Worth the Cost, Says Economist
President-elect Joe Biden is hoping to jump-start the economy with his sweeping $1.9 trillion American Rescue Plan. Morning Consult economist John Leer joined LX News to make a case for why it’s worth it for the U.S. government to pass a costly relief bill and avoid catastrophic long-term consequences of the pandemic.
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Extra Unemployment Benefits Won't Be Available to Some Workers for Weeks
Some states, like Virginia, Oklahoma and Texas, won’t be able to issue additional funds from the Covid relief law to certain workers for several weeks.
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S&P 500 and Nasdaq Close Slightly Higher, Led by Tech Shares
The S&P 500 and Nasdaq Composite closed slightly higher on Wednesday, led by tech shares, as traders kept an eye on interest rates.
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New York City May Turn Vacant Retail Space Into Covid Testing Sites, Says Real Estate Mogul
Converting vacant retail space into rapid testing sites could help people feel comfortable going back to restaurants, real estate executive William Rudin said.
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Opponents to $2K Stimulus Checks Say They Are Not Targeted. How That Could Be Fixed
Washington leaders disagree whether $2,000 stimulus checks will really help those who need it most. Experts say these changes could better direct the money.
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Lagarde Stands by Growth Forecasts Despite New Lockdowns Hitting Europe
The ECB is sticking to its growth projections despite new coronavirus restrictions that could extend the economic crisis in the euro area.
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Japan's State of Emergency Is Seen Having Limited Impact on the Economy
This latest state of emergency in Tokyo and three other areas was announced last week, in a bid to combat the latest surge in coronavirus infections.
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Despite Rising Yields, $7.9 Billion Money Manager Believes Inflation Comeback Worries Are Premature
RiverFront Investment Group’s Kevin Nicholson predicts the 10-year Treasury Note yield has little near-term upside left.
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V-Shaped Recovery Is in ‘Tatters,' and Wall Street Doesn't Seem to Care: Economist Stephen Roach
Yale University senior fellow Stephen Roach, who served as Morgan Stanley Asia Chairman, sees signs the U.S. economy is relapsing into a recession.
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Walmart Customers Don't Expect a Speedy Economic Recovery, Top Executive Says
Walmart’s sales have risen during the Covid pandemic, but its chief customer officer said many customers are nervous and financially strapped.
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Stocks Making the Biggest Moves After Hours: Urban Outfitters, KB Home, Repay Holdings & More
Check out the companies making headlines in after hours trading.
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Stocks Making the Biggest Moves Midday: Tesla, General Motors, Wells Fargo and More
These are the stocks posting the largest moves in midday trading.
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Fed's Esther George Cautions That Inflation Could Rise Faster Than Expected
Long-dormant inflation could rebound more quickly than anticipated, Kansas City Fed President Esther George said Tuesday.
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A Top Democrat Backs $600 Unemployment Boost. Studies Show Increase Didn't Discourage People From Working
Sen. Ron Wyden, D-Ore., wants to increase jobless benefits by $600 a week again. New evidence suggests a prior subsidy hadn’t kept people from returning to work.
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Hospitality Industry Sees Drop in Job Openings and Surge in Separations as Shutdowns Take Hold
Job openings decreased in November, with the biggest hit coming to the battered hospitality industry as the Covid pandemic surges.
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Goldman Sachs Backs Two ‘Unloved' European Indexes to Outperform in 2021
Goldman Sachs has backed Britain’s FTSE 100 and Germany’s DAX to outperform in a resurgent year for European equities.