Biden says higher corporate tax won’t hurt economy; Manchin opposes 28% rate
President Joe Biden talks to reporters on the South Lawn of the White House, in Washington, U.S., March 14, 2021. Cheriss May | Reuters President Joe Biden said Monday he is not worried that a plan to increase corporate America’s...
GameStop shares drop as much as 14% after Reddit-driven name plans a $1 billion stock sale
John Smith | Corbis News | Getty Images Shares of GameStop tumbled by double digits on Monday after the video game retailer said it may sell up to $1 billion worth of additional shares following a historic Reddit-fueled short squeeze. GameStop saw...
The 5 U.S. states where unemployment claims have recovered the most since the start of the pandemic
For the week ending on March 21, there were around 684,000 new unemployment claims across the country, according to WalletHub. That’s down significantly from April 2020, when 6.6 million first-time claims were made in just one week. But some states...
Dow futures jump more than 100 points after blowout jobs report
Traders on the floor of the New York Stock Exchange. Source: CNBC Stock futures climbed in overnight trading on Sunday as investors cheered a strong bounce in U.S. job growth last month amid accelerating vaccine rollout. Futures on the Dow...
What to know about tax credits in the American Rescue Plan
kate_sept2004 | E+ | Getty Images Recovery rebate credit miodrag ignjatovic | E+ | Getty Images The recent round of relief included stimulus checks of up to $1,400 per person. But it also allows people to claim earlier rounds of...
Jobs report blows past expectations as payrolls boom by 916,000 in March
Job growth boomed in March at the fastest pace since last summer, as stronger economic growth and an aggressive vaccination effort contributed to a surge in hospitality and construction jobs, the Labor Department reported Friday. Nonfarm payrolls increased by 916,000...
Chinese electric car start-ups Nio and Xpeng defy first quarter weakness with March surprise
Xpeng CEO He Xiaopeng stands next to the company’s P7 electric sedan as he addresses media at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Two of China’s U.S.-listed electric car start-ups beat market expectations in their...
Manufacturing boom brings more signs that inflation is building rapidly
An operator stacks heavy gauge steel brace used for industrial workbench leg at Tennsco’s factory in Dickson, Tennessee, U.S. February 17, 2021. Tennsco | via Reuters March brought the strongest manufacturing growth in more than 37 years, and with it...
March jobs report is expected to be strong and show the beginning of a hiring surge
Americans are beginning to return to the workforce in big numbers, and that is likely to show up in the March employment report. Economists polled by Dow Jones expect to see 675,000 jobs added in March as the economy reopened...
Stocks making the biggest moves midday: Microsoft, Western Digital, Micron, Nio & more
Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Microsoft Developers Build Conference in Seattle, Washington, U.S., on Monday, May 7, 2018. The Build conference, marking its second consecutive year in Seattle, is expected to put emphasis on...