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Economy
- Breitbart News 23:06April 10, 2021Pinkerton: Joe Biden, First Elected in the 1970s, Is Bringing Back the 1970sJoe Biden’s policies are echoing Jimmy Carter’s in what’s typically the most important issue-area for any president: economic policy.
< Economy, Politics, inflation, Jimmy Carter, Joe Biden, Keynesianism, Ronald Reagan, Supply-Side Economics >
- Business Insider 18:00April 10, 2021Amtrak Joe: A brief look at President Biden's long history of supporting America's railroadThe president's political and personal history has been interwoven with the US rail system Amtrak, earning him the nickname "Amtrak Joe."
< Politics, Economy, Weekend BI UK, Biden, Amtrak, History, Amtrak Joe, Infrastructure, American Jobs Plan, Politics > - Business Insider 16:32April 10, 2021How wealthy Americans and corporations have used 'negative freedom' to strip rights away from workersRoosevelt Institute director Mike Konczal says individual rights become "increasingly less free" when the government prioritizes employer protections.
< Opinion, Nordic, Economy, Pitchfork Economics, Paul Constant, Freedom, Worker Rights, Employers, Business, Opinion, original contributor, contributor 2019 > - Business Insider 15:50April 10, 2021Corporate America wants to avoid higher taxes and social issues. That's not likely to happen.On a range of political issues, businesses have felt compelled to speak out. But many are silent when it comes to tax hikes, if not hostile.
< Economy, Politics, Markets, analysis, Delta, Coca-Cola, Georgia, Joe Biden, Infrastructure, Democrats, Republicans, Mitch McConnell, infrastructure plan, Stimulus, Voting Rights, Policy, Economy > - Business Insider 15:35April 10, 2021Women saw a big increase in jobs in March but there's still a long way to goAccording to the National Women's Law Center, 495,000 women entered the labor force last month, the largest monthly gain since October 2020.
< Economy, Women, Employment, BLS, Labor Force Participation, women in the workplace, Economy, BI Graphics > - Business Insider 15:20April 10, 2021The service industry is clawing for a comeback, and large chains like Taco Bell and IHOP are rolling out the perks as they scramble to hireThe economy is reopening after COVID-19 and restaurants and fast food establishments are scrambling to fill open positions.
< Retail, Economy, Retail, Restaurants, Fast Food, IHOP, Taco Bell, McDonald's > - Breitbart News 05:18April 10, 2021White House Misleadingly Using Former Trump Adviser Gary Cohn to Sell Joe Biden Tax HikeThe White House continues citing an old Gary Cohn interview out of context to suggest he is supporting Biden's $2.5 trillion spending plan. President Donald Trump's former economic advisor Gary Cohn has not endorsed President Biden's plan.
< Economy, Politics, Donald Trump, gary cohn, Joe Biden, White House >
- Business Insider 00:52April 10, 2021Rep. Katie Porter calls Biden's move to split up his infrastructure package 'a big mistake'Talking to Axios, Porter criticized the White House decision to put jobs and family policies in two plans, arguing there's no difference between them.
< Economy, Politics, Markets, Policy, Joe Biden, Katie Porter, Republicans, Democrats, Economy, Infrastructure, infrastructure bill, infrastructure plan, infrastructure spending > - Breitbart News 00:01April 10, 2021Biden's DHS Budget: More $$ for Migrants and Lawyers, No $$ for the WallPresident Joe Biden's first budget for border security would discard unspent funds for the border wall, and then spend extra money to legalize more migrants and launch more investigations of immigration enforcement officers.
< Economy, Immigration, Politics, Border Wall, Climate Change, DHS, Migrants, Nation of Immigrants, naturalization >
- Breitbart News 22:50April 9, 2021Mexico Tells Biden: Expect 'Constant and Growing' MigrationMore migrants are coming to the United States, and the solution is more U.S. foreign aid to Central America, says Mexico's foreign minister, who is participating in slow-motion negotiations with the White House.
< Economy, Immigration, Politics, AMLO, Joe Biden, Joe Manchin, Kevin Cramer, Marcelo Ebrard, Mexico, migration, Mitch McConnell, Shelley Moore Capito >
- Breitbart News 22:37April 9, 2021Radical Left's Infrastructure Bill Wish List Includes Climate Change and AmnestyMembers of the radical left have released a wish list of items they hope are incorporated in the next infrastructure bill, prioritizing climate change initiatives and mass amnesty.
< Economy, Politics, Alexandria Ocasio-Cortez, Amnesty, Ayanna Pressley, Bernie Sanders, Climate Change, Congressional Progressive Caucus, CPC, Ilhan Omar, infrastructure, Joe Biden, Kirsten Gillibrand, Pramila Jayapal, Rashida Tlaib, socialism >
- Business Insider 20:31April 9, 202154 million people fell out of the global middle class last year as the K-shaped recovery went internationalSome 152 million people tumbled into poverty or the lower-income class, reversing years of improvement in poorer countries, according to Pew data.
< Economy, Markets, Economy, Middle Class, Pew Research Center, Pew, Pew Research, economic outlook, Poverty, Global Economic Outlook, low income, k-shaped recovery > - Business Insider 20:17April 9, 2021Richer countries have most available vaccine doses as the global recovery becomes K-shapedVaccines have been unevenly distributed, according to Bloomberg. The wealthiest countries are vaccinating at 25 times the rate of poorer countries.
< Economy, Markets, Healthcare, Vaccines, Economy, Wealthy, Pandemic, vaccination, Countries, Vaccine distribution, wealth inequality, IMF, IMF Economist, Gita Gopinath, k-shaped recovery, K-shape recovery, Inequality > - Breitbart News 19:19April 9, 2021Carney: Welcome to Biden's America, Where the Poor Pay MoreBlack unemployment is up. Gasoline prices are up. Food prices are up.
< Economy, Politics, inflation, Joe Biden, PPI, producer price index, unemployment >
- Business Insider 18:53April 9, 2021Gen Z's shopping habits are shaping the future of fashion: online thriftingGen Z is making secondhand clothing cool thanks to their penchant for online resale on social shopping apps like Depop and Poshmark.
< Economy, Markets, Retail, Economy, gen z, Shopping, Financial Behavior, Fashion, depop, Poshmark, Sustainable, Reselling, Clothing, Clothes, Retail > - Business Insider 18:24April 9, 2021What Biden's $1.5 trillion 'skinny budget' shows about how he wants the next year to goBiden's budget shows an intention to ramp up federal spending on education, health, and climate initiatives. Military spending would remain the same.
< Economy, Politics, Markets, Policy, Federal Budget, Joe Biden, Donald Trump, Trump administration, Republicans, Democrats, Infrastructure, Stimulus, Medicaid, Economy > - Business Insider 18:01April 9, 20214 reasons why the housing market will cool down and settle into a long and sustainable boom, Jefferies saysThe housing market has a historic supply shortage, but aging millennials and falling lumber prices will give way to robust growth, Jefferies said.
< Economy, Markets, Real Estate, Economy, Housing Market, US housing boom, us housing market, Homebuilders, Housing, Housing Affordability, Jefferies, Home sales, Home Prices, Real Estate, mortgage rates, Mortgage rate, Affordability crisis > - Business Insider 15:20April 9, 2021New York's wealthiest residents are considering fleeing to Florida ahead of income-tax hikes in the state, according to a reportMiami's mayor told CNBC he'd already spoken to some of New York's biggest firms about moving to the Florida city.
< Economy, Politics, Andrew Cuomo, Governor Cuomo, Cuomo, New York, New York Budget, Florida, Miami, Income Tax, Personal Income, Policy > - Business Insider 00:07April 9, 2021CEO group says Biden should stick to 'real infrastructure' and 'leave the rest of the stuff for something else'Business Roundtable CEO Josh Bolten told Bloomberg he still favors a "substantial amount" of Biden's plan but certainly not corporate tax changes.
< Economy, Politics, Markets, News, Policy, Economy, Politics, Infrastructure, infrastructure plan, Biden, CEOs, Tax Hikes, Taxes, Mitch McConnell, Joe Manchin, Business Roundtable, Gary Cohn, Josh Bolten, Joe Biden, Corporate Tax Rate, corporate tax reform, Corporate Tax, Corporate taxes > - Business Insider 23:02April 8, 2021US stocks build on record highs as tech shares gain and Fed policy stays supportiveUS stocks logged new record highs Thursday as technology shares march higher and the Federal Reserve signals continued support for the economy.
< Markets, MI Exclusive, stock market news, Stock markets, Tech stocks, Nasdaq Composite, nasdaq 100, Economy, s&p 500, Dow Jones Industrial Average, Investing, Wall Street, Bonds, Yields, Fed, Powell, qqq > - Business Insider 22:31April 8, 2021Millions of Americans will struggle to get back into the workforce and they'll need support, Fed's Powell saysOn changes in the labor market, Powell said "it's important to remember we are not going back to the same economy, this will be a different economy."
< Economy, Markets, Economy, Fed, Federal Reserve, Fed Chair, Jerome Powell, Kristalina Georgieva, IMF, International Monetary Fund, Economic Recovery, Labor Market, US Labor Market > - Business Insider 22:29April 8, 2021Biden's Treasury has $50 billion to give to renters, but court rulings put millions at risk of eviction before it gets to themOn rent relief, President Biden is racing against the US legal system. He needs to get aid out before courts rule pandemic-era eviction bans illegal.
< Economy, Politics, Markets, Policy, Economy, Politics, evictions, eviction moratorium, Biden, Housing, CDC, NAHB, Trump, Treasury Department, Janet Yellen, coronavirus stimulus > - Business Insider 21:07April 8, 2021Starbucks baristas say some stores are experiencing shortages of cups, syrups, and moreThe global supply chain has been upended by COVID-19, and experts predict shortages will continue through at least the rest of 2021.
< Retail, Retail, Starbucks, Shipping, Logistics, Economy > - Business Insider 20:57April 8, 2021The US economy is set to fully recover to pre-COVID levels this quarter - a feat that took more than 3 years after the last financial crisisIt took more than three years for the US economy to recover its pre-crisis size after the 2008 crash, Commerzbank economists said.
< Markets, MI Exclusive, US economic recovery, US recovery, US Economy and Markets, Stimulus, Vaccines, Goldman Sachs, Commerzbank > - Guardian 20:45April 8, 2021The Guardian view on taxing the tech giants: time to pay up | EditorialNew American proposals offer the prospect of a global deal against corporate tax avoidance. Britain has a vital role to play in making it workThe terrible global cloud that is the Covid-19 pandemic offered the world the glimpse of a silver lining this week. New tax proposals by Joe Biden mean that the economic emergency caused by coronavirus could result in big multinational corporations having to pay the fair amounts of tax they have avoided for so long. A breakthrough this week at the 135-nation Organisation for Economic Co-operation and Development talks in Paris may produce an agreement. Giants like Facebook and Google would then have to pay up – and not before time. This is definitely a step in the right direction.Until Covid, the OECD corporate tax negotiations that began nearly a decade ago had been deadlocked, especially after the Trump administration refused to agree to anything that might raise taxes on US tech giants. Individual nations, notably in Europe, had started to impose or threaten stiffer local taxes, leading to retaliatory threats from Washington, but without inhibiting the big multinationals’ lucrative tax-avoidance strategies. Under Donald Trump, the US had even made clear that it reserved the right to allow American corporations to remain outside any new OECD-brokered regime. Mr Biden abandoned that demand in January. Continue reading...
< Tax avoidance, Corporate governance, Business, OECD, Joe Biden, Technology, Technology sector, Global economy, Tax and spending, Coronavirus, Tax havens, Economics, Janet Yellen, Biden administration >
- Business Insider 19:29April 8, 2021Why one of Wall Street's titans is on the side of the tax reformers - and maybe Joe Biden and Janet YellenJPMorgan CEO Jamie Dimon, long rumored as a potential Treasury Secretary, has some ideas on tax reform. They're not all that different from Biden's.
< Economy, Markets, Finance, Politics, Economy, Jamie Dimon, JPMorgan CEO, JPMorgan, US tax, tax code, Tax Reform, Biden, Biden economic plan, Biden tax plan, Biden Tax policy, Tax policy, Policy, Corporate Tax Rate, corporate tax reform, Corporate taxes, Corporate Tax, Carried Interest, loophole, Loopholes, Private Equity, Venture Capital, Treasury, Treasury Department, Treasury Secretary > - Business Insider 18:54April 8, 202165% of voters support corporate tax hikes to pay for Biden's infrastructure plan, new poll findsA Morning Consult poll found separate from infrastructure, 85% of Democratic and 59% of Republican voters agree corporations should pay higher taxes.
< Economy, Politics, Markets, Policy, Economy, Politics, Corporate Tax, Corporate Tax Rate, Infrastructure, infrastructure plan, Biden, Mitch McConnell, Taxes, Joe Manchin, Treasury Department, morning consult, Survey, Poll, corporate tax reform, Corporate taxes > - Business Insider 18:24April 8, 2021Former top Trump economic advisor said he supports Biden's 28% corporate tax rate in resurfaced video"I'm actually okay at 28%," Gary Cohn told Yahoo Finance last year. That's exactly the rate Biden wants corporate tax rates to go back to, from 21%.
< Economy, Politics, Markets, Gary Cohn, Trump Tax Law, Trump tax cuts, Donald Trump, Joe Biden, White House, Economy, Republicans, Democrats, Policy, Corporate Tax Rate, corporate tax reform, Corporate taxes, Infrastructure, infrastructure bill, infrastructure plan, infrastructure spending, Corporate Tax > - Business Insider 18:17April 8, 2021The pandemic has left millennials more divided than ever beforeThe millennial wealth gap that existed pre-pandemic has grown. So, too have intragenerational gaps regarding careers and even "adulthood."
< Economy, Markets, Economy, Millennials, Features, Millennial Wealth, coronavirus recession, Pandemic, Income, Earnings, Affordability crisis, racial wealth gap, Racial Wage Gap, analysis > - Breitbart News 17:33April 8, 2021Study: Biden Tax Hikes Will Cost 1 Million Jobs in First Two YearsPresident Biden's tax hike plan will cost the American economy one million lost jobs in the first two years, according to a study from the National Association of Manufacturers.
< Economy, Politics, Jobs, Joe Biden, tax hike, taxes, The National Association of Manufacturers >
- Business Insider 17:18April 8, 2021Illinois could pay off up to $40,000 of your student loans to help you buy a houseIllinois' SmartBuy program pays off either $40,000 or a debt amount equal to 15% of the home's purchase price, and gives $5,000 toward a down payment.
< Economy, Real Estate, Markets, Economy, Real Estate, Student Debt, Student Loan Debt, Student Loans, Housing, Housing Affordability, Homebuyer, Affordability crisis, Evanston, Reparations > - Business Insider 15:38April 8, 2021US weekly jobless claims climb to 744,000 as unemployment remains persistently highContinuing claims, which track Americans receiving unemployment benefits, dipped to 3.73 million for the week that ended March 27.
< Economy, Markets, Economy, Economic Data, Economic Recovery, Labor Market, Jobless Claims, US weekly jobless claims, Jobless benefits, Unemployment benefits, Initial Jobless claims, Unemployment crisis, weekly jobless claims, BI Graphics, Andy Kiersz > - Breitbart News 15:32April 8, 2021Jobless Claims Unexpectedly Jump to 744,000, Much Worse Than ExpectedJobless claims once again unexpectedly rose last week.
< Economy, jobless claims >
- Business Insider 14:14April 8, 2021Revolut, the $5.5 billion fintech startup, says it will let its 2,000 staff work abroad for 60 days a yearRevolut will allow its 2,000 employees to work overseas for 60 days a year, it said Thursday, following demand from staff to visit family abroad.
< Tech Insider, Economy, Revolut, Working Abroad, Working From Home, Fintech, Finance, Banking > - Business Insider 12:41April 8, 2021Biden could agree to a 25% corporate tax rate as a compromise with business groups, rather than the 28% he wanted, according to a reportBiden has pushed for a 28% corporate tax rate in his infrastructure plan, but White House and corporate officials said 25% was a likely compromise.
< Politics, Markets, Economy, Joe Biden, Joe biden corporate tax, Corporate Tax, Tax, Economy, tax rate, Joe Manchin > - Business Insider 04:08April 8, 2021Joe Manchin signals he could torpedo Democratic attempts to bypass Republicans multiple times in a yearManchin argued embarking on party-line votes would harm the nation's future. Republicans are united in opposing Biden on infrastructure.
< Economy, Politics, Joe Manchin, Congress, Democrats, Joe Biden, Reconciliation, Senate, Infrastructure, Stimulus, Trump tax cuts, Corporate taxes > - Breitbart News 01:19April 8, 2021Watch: Illegal Aliens End Hunger Strike After Winning $2.1B in Taxpayer-Funded Aid from Andrew CuomoThe open borders lobby is celebrating after New York state Democrats and Gov. Andrew Cuomo (D) agreed on a budget deal that will provide billions in taxpayer-funded aid to illegal aliens.
< Economy, Immigration, Politics, Andrew Cuomo, Illegal Aliens, illegal immigration, New York, open borders lobby >
- Business Insider 01:03April 8, 2021Uber is spending $250 million to persuade drivers to get back on the road so it can pay them less again"This is likely a temporary situation ... which means that over time earnings will come back to pre-Covid levels," Uber said in a blog post Wednesday.
< Tech Insider, Transportation, Uber, Rideshare, Gig economy, Gig Workers, Labor, Pandemic > - Business Insider 22:31April 7, 2021Biden wants a 28% corporate tax rate because he's 'sick and tired of ordinary people being fleeced'President Joe Biden cited a recent report from a left-leaning think tank that indicated 55 large US companies paid no federal income tax last year.
< Economy, Politics, Markets, Joe Biden, Congress, Republicans, Democrats, Infrastructure, Stimulus, Jobs, Corporate taxes, Donald Trump, GOP tax law, Policy, Economy > - Business Insider 22:22April 7, 2021As Nina Turner runs for Congress in Ohio's 11th Congressional District, her local roots take center stage"It's crystal clear that the system itself is not working for the poor, the working poor ... and we have to do something about that," Turner said.
< Politics, Nina Turner, House of Representatives, Ohio, progressive politics, Democratic Party, Bernie Sanders, Reparations, Medicare for all, student loan forgiveness, Economy > - Business Insider 22:21April 7, 2021Biden's stimulus plan went beyond what the Fed expectedFOMC minutes showed it will "likely be some time" until the Fed tightens its policy stance and Biden's stimulus "considerably larger" than expected.
< Economy, Markets, Economy, FOMC, FOMC meeting, FOMC meeting minutes, Federal Reserve, Jerome Powell, Fed, Fed Minutes, Fed Meeting, Federal Open Market Committee, Monetary Policy > - Business Insider 21:14April 7, 2021The Biden administration starts selling major corporate tax hikes while opening the door to a compromiseThe Treasury released a 17-page report designed as a sales pitch as the White House moves to shore up support for its huge $2 trillion jobs package.
< Economy, Politics, Markets, Policy, Janet Yellen, Joe Biden, Treasury Department, Congress, Republicans, Democrats, Corporate taxes, Amazon, Jeff Bezos, Infrastructure, Stimulus, Climate Change, Green Energy, Economy > - Business Insider 21:07April 7, 2021IMF backs new taxes on corporations and the wealthy, furthering organization's historic shiftThe IMF used to be criticized for backing the interests of wealthy, developed countries and their major corporations, but now it's saying pay up.
< Economy, Markets, Economy, Wealth Tax, Wealth taxes, IMF, Corporate Tax, Corporate taxes, International Monetary Fund, Fiscal Policy, Fiscal Stimulus, coronavirus stimulus > - Business Insider 21:03April 7, 2021The US added 916,000 jobs in March, but these 12 charts show the economy still has a long way to goThe blowout jobs report showed the highest monthly gain in 2021 so far, but there were 8.4 million fewer jobs last month than in February 2020.
< Economy, Features, coronavirus, Employment, job losses, Unemployment, Pandemic, Recession, BI Graphics > - Breitbart News 18:54April 7, 2021Kirsten Gillibrand Proclaims Paid Leave, Child Care, and Caregiving is 'Infrastructure'Republicans have slammed Sen. Kirsten Gillibrand (D-NY) for tweeting Wednesday that paid leave, child care, and caregiving are "infrastructure" related items to include into future infrastructure legislation.
< Economy, Politics, American Jobs Plan, infrastructure, Kirsten Gillibrand >
- Business Insider 18:49April 7, 2021Over 156 million stimulus checks have gone out from the latest stimulus - fulfilling a key 100-day goal for Biden ahead of scheduleRoughly 25 million direct payments went out in the latest batch, the IRS said, amounting to $372 billion. It's just 77 days into Biden's presidency.
< Economy, Markets, Politics, Economy, Stimulus checks, Treasury Department, Stimulus, Economic relief payment, stimulus check, coronavirus stimulus, IRS, Policy, Joe Biden > - Breitbart News 18:21April 7, 2021Indiana Attorney General Begins Probe into Five Big Tech Corporations for Conservative Censorship Involving Biden's Nominee Vanita GuptaIndiana Attorney General has begun investigations into five Big Tech corporations for censorship of conservative content involving Joe Biden's nominee, Vanita Gupta.
< Economy, Politics, Tech, Amazon, Apple, Big Tech, Dick Durbin, Facebook, Google, Indiana, Joe Manchin, Todd Rokita, Tom Cotton, Twitter, Vanita Gupta >
- Breitbart News 16:13April 7, 2021Trade Deficit Widened to Record $71.1 Billion in Biden's First Full MonthImports shrank slightly but exports to our trading partners contracted sharply in February.
< Asia, Economy, London / Europe, China, Joe Biden, trade deficit >
- Breitbart News 03:00April 7, 2021Andrew Cuomo's New York: Illegal Aliens to Get $1.1B More in Taxpayer-Funded Aid Than Small BusinessesNearly 200,000 illegal aliens living in New York will soon receive $2.1 billion in taxpayer-funded stimulus checks and unemployment benefits thanks to a budget agreed upon by Gov. Andrew Cuomo.
< Economy, Immigration, Politics, Andrew Cuomo, coronavirus, Democrats, Illegal Aliens, illegal immigration, mass immigration, New York, Republicans, stimulus checks, unemployment benefits >
- Business Insider 00:29April 7, 2021Biden breaks with Trump and says he'll stick up for Federal Reserve's independenceWhile he was in office, Trump pressured Fed Chair Powell against raising interest rates - the central bank traditionally operates independently.
< Economy, Politics, Markets, Joe Biden, Donald Trump, Trump administration, Biden administration, Jerome Powell, Federal Reserve, Treasury, Janet Yellen, Interest Rates, National Debt, Policy, Economy, Interest Rate, Inflation Expectations, inflation expectation, inflation risk, inflation risks >