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Day: April 16, 2021

New $3,000 child tax credit payments set to start in July. Here’s what to know

MoMo Productions Parents may soon start getting monthly payments from the IRS, due to a recent change to the child tax credit. IRS Commissioner Charles Rettig said Tuesday that the agency was on track to start issuing that aid in July. Here’s what taxpayers need to know about the tax credit and income stream. Child …

New $3,000 child tax credit payments set to start in July. Here’s what to knowRead More

Weekly Economic & Financial Commentary: More Evidence of Economic Recovery

U.S. Review More Evidence of Economic Recovery Data released this week continue to show that the economic recovery is gaining momentum. The much anticipated consumer boom has arrived, helped by an influx of stimulus in March, and industrial production rebounded from its partly weather-induced February decline. But supply chain constraints are standing in the way …

Weekly Economic & Financial Commentary: More Evidence of Economic RecoveryRead More

Stocks making the biggest moves midday: Simon Property, Cisco, Sunrun & more

Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Check out the companies making headlines in midday trading.  Sunrun — The solar stock popped 10% after Simmons Energy, a division of Piper Sandler, upgraded the stock to overweight from neutral. The firm said in …

Stocks making the biggest moves midday: Simon Property, Cisco, Sunrun & moreRead More

The Weekly Bottom Line: Federal Budget Headlines The Week Ahead

U.S. Highlights Headline inflation jumped in March, but it’s too soon to sound the alarm. Economic slack is still high, inflation expectations benign, and the Fed unlikely to sit on the sidelines if they drift up persistently. Retail sales surged in March, thanks to massive income supports, accelerated vaccine rollouts and loosening restrictions Canadian Highlights …

The Weekly Bottom Line: Federal Budget Headlines The Week AheadRead More

Week Ahead – BoC Set to Taper, ECB Unlikely to Rock Euro

It will be an exciting week for financial markets, with two major central bank meetings and a storm of economic data to keep traders busy. The Bank of Canada seems ready to scale down its gigantic QE program, though the European Central Bank is unlikely to disturb the waters. In the meantime, PMI business surveys …

Week Ahead – BoC Set to Taper, ECB Unlikely to Rock EuroRead More

XAU/USD Outlook: Gold Rises to Seven-Week High, Fresh Advance Completes Double-Bottom Pattern

Spot gold rose to seven-week high on Friday, gaining 0.8% for the day in extension of Thursday’s 1.5% advance. Weaker dollar and US Treasury yields holding near one-month low were the main drivers of the yellow metal in past two days. Fresh strength generated bullish signal on eventual break above $1755 pivot that confirmed formation …

XAU/USD Outlook: Gold Rises to Seven-Week High, Fresh Advance Completes Double-Bottom PatternRead More

Betterment sees record growth, as GameStop frenzy ‘shines a light’ on investing

Betterment launched a new savings option that pays users up to 2.69% interest. Source: Betterment Trading apps aren’t the only ones benefiting from the rise of meme stocks. Betterment, a digital investment advisor, said it saw record growth in the first quarter of 2021. Despite offering so-called “passive” investing and not allowing clients to hand-pick …

Betterment sees record growth, as GameStop frenzy ‘shines a light’ on investingRead More

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