House vote on $3.5 trillion budget raises prospect of higher taxes on the rich
Phil Roeder The prospect of higher taxes for wealthy Americans edged closer on Tuesday as House Democrats passed a $3.5 trillion budget plan. That framework lays the groundwork for Democrats to write formal legislation that can pass without one Republican...
Stock futures are flat after S&P 500 posts record close
U.S. stock index futures were little changed during overnight trading Tuesday, after the S&P 500 and Nasdaq Composite closed at record highs during regular trading. Futures contracts tied to the Dow Jones Industrial Average gained 18 points. S&P 500 futures...
Stock futures inch higher after a broad rally on Wall Street amid vaccine approval
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 11, 2021. Andrew Kelly | Reuters Stock futures edged higher in early morning trading on Tuesday following a broad-based...
Stocks making the biggest moves midday: Pfizer, Moderna, Boeing and more
A Boeing 737 MAX 10 airliner pauses while taxiing on the flight line before its first flight at Renton Municipal Airport on June 18, 2021 in Renton, Washington. Stephen Brashear | Getty Images Check out the companies making headlines in...
Home sales rose for the second straight month in July, as demand outpaced slightly stronger supply
A home, available for sale, is shown on August 12, 2021 in Houston, Texas. Brandon Bell | Getty Images Sales of existing homes in July rose 2% from June to a seasonally adjusted, annualized rate of 5.99 million units, according...
PayPal launches its cryptocurrency service in the UK
PayPal has launched its cryptocurrency service in the U.K. PayPal LONDON — PayPal is launching its cryptocurrency service in the U.K. The U.S. online payments giant said Monday it would let British customers buy, hold and sell digital currencies, starting...
Fed’s Jackson Hole symposium to take place virtually due to Covid risk
The Federal Reserve’s annual Jackson Hole, Wyo., symposium will take place virtually this year due to Covid risks, the Kansas City Fed announced Friday. “While we are disappointed that health conditions will prevent us from being able to gather in...
August is usually volatile for the market, but the Fed is a wild card and could agitate things further
A trader works on the floor at the New York Stock Exchange (NYSE) in New York, August 20, 2021. Andrew Kelly | Reuters The markets: It’s August, but it’s also Covid. Normal August trading flows are being greatly complicated by...
Stocks making the biggest moves premarket: Deere, Foot Locker, Buckle, Spotify and more
Check out the companies making headlines before the bell: Deere (DE) – The heavy equipment maker reported quarterly earnings of $5.32 per share, compared with a consensus estimate of $4.58, and its revenue beat forecasts as well. Deere was up...
Chinese regulators meet with developer Evergrande as scrutiny on real estate grows
A banner promoting the Emerald Bay residential project outside the China Evergrande Centre in the Wan Chai area of Hong Kong, China, on Friday, July 23, 2021. Lam Yik | Bloomberg | Getty Images BEIJING — Chinese authorities called for...
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