Biden supports making a temporary $3,000 payment to parents permanent in stimulus bill

March 4, 2021

Category: News

President Joe Biden told House Democrats on Wednesday that he supports making the temporary beefed-up child tax credit that is a part of his stimulus plan permanent, a Democratic aide briefed on the call told Insider. The president delivered public […]

Weekly jobless claims drop sharply but labor market remains challenged

February 25, 2021

Category: News

Jobless claims fell sharply last week despite severe winter storms that swept across Texas and other parts of the South, the Labor Department reported Thursday. First-time filings for unemployment insurance totaled 730,000 for the week ended Feb. 20, well below […]

U.S. industrial production climbs 0.9% in January

February 17, 2021

WASHINGTON — American industry expanded for the fourth consecutive month in January but has yet to recover fully to the level of activity that preceded the pandemic. U.S. industrial production, which includes output factories, mines and utilities, rose 0.9% last […]

Industries, Retail & Wholesale

Target to invest $4 billion to speed new stores and remodels, expand ability to fill online orders

March 2, 2021


Target said Tuesday that it hopes to build on its recent growth by investing about $4 billion annually over the next several years to speed along new stores, remodel existing ones and increase its ability to quickly fulfill online orders. […]

Finance Tech, Liquidity, Trading

Goldman says that investors shouldn’t worry about interest rates at these levels

March 1, 2021


Rising bond yields that shook investors the last couple weeks are well short of anything that poses a broader threat to the market, according to Goldman Sachs strategists. Longer-duration government bond yields have hit levels last seen before the Covid-19 […]

Energy, Industries

Exxon shares jump as activist investor Jeff Ubben joins the board

March 1, 2021


Exxon Mobil announced two board seat changes Monday, including activist investor and ESG proponent Jeff Ubben, in a sign that the company is confronting its uncertain future as the world moves toward cleaner energy and as investors shy away from […]