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Day: March 26, 2021

The Fed has embraced the ‘punchbowl’ and has no intention of taking it away

The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg via Getty Images The Federal Reserve has come a long way from the days of warning about “irrational exuberance.” Former Fed Chairman Alan Greenspan famously sent up a flare in December 1996 about stretched …

The Fed has embraced the ‘punchbowl’ and has no intention of taking it awayRead More

China-listed stocks tank on fears of multiple disputes with U.S.

Chinese and U.S. flags outside the building of an American company in Beijing, China January 21, 2021. Tingshu Wang | Reuterss A new Securities and Exchange Commission rule that will require foreign companies to submit documentation about government affiliations and government influence is causing headaches for China investors. It’s one of several snags that is …

China-listed stocks tank on fears of multiple disputes with U.S.Read More

Another attempt to clear ship blocking Suez Canal fails as economic impact mounts

A satellite image shows stranded container ship Ever Given after it ran aground in Suez Canal, Egypt March 25, 2021. CNES Airbus DS | Reuters The Ever Given, one of the world’s largest container ships, is still wedged in the Suez Canal, and the economic effects from the blockage — now in its fourth day …

Another attempt to clear ship blocking Suez Canal fails as economic impact mountsRead More

Covid masks and hand sanitizer can get you a tax break, IRS says

Luis Alvarez | DigitalVision | Getty Images Americans can get a tax break this filing season for masks, hand sanitizer, sanitizing wipes and other personal protective equipment to prevent the spread of Covid-19, the IRS announced Friday. The tax code lets taxpayers deduct medical costs that exceed 7.5% of their adjusted gross income each year. …

Covid masks and hand sanitizer can get you a tax break, IRS saysRead More

Week Ahead – US Jobs Report to Headline Quiet Easter Week

As markets reassess how soon European economies will be able to reopen, the March nonfarm payrolls report out of the United States will likely highlight the widening growth disparity between the two regions. The expected strong US data could help maintain the dollar’s upward drive but ultimately, its path will be determined by whether or …

Week Ahead – US Jobs Report to Headline Quiet Easter WeekRead More