Biden plan would raise taxes by $213,000 next year on top 1%, analysis finds
Samuel Corum | Getty Images News | Getty Images The top 1% would see their federal taxes rise by more than $213,000, on average, next year as a result of President Joe Biden’s tax plan, according to an analysis published...
Mortgage rates drop, but not enough for priced-out homebuyers
A real estate agent and a potential home buyer in Coral Gables, Fla. Getty Images Mortgage rates fell slightly last week, but not enough to light a fire under mortgage demand. Total mortgage application volume decreased 3.1% for the week,...
Stock futures are flat as S&P 500 remains range-bound near record
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were flat in overnight trading on Tuesday after Wall Street appeared range-bound near its record levels. Futures on the Dow Jones Industrial Average were little changed....
Job openings set record of 9.3 million as labor market booms
Job openings in April soared to a record 9.3 million as the economy rapidly recovered from its pandemic depths. The standard set in April was well above the 8.3 million in March that itself was a new high going back...
U.S. trade deficit narrows slightly from record levels as Covid-era demand for imports lets up
The CMA CGM Marco Polo, an Explorer class container ship crosses under the Verrazzano-Narrows Bridge, to enter New York Harbor as seen from Brooklyn, New York, U.S., May 20, 2021. Brendan McDermid | Reuters Americans’ demand for imports abated in...
Stocks making the biggest moves in the premarket: Stitch Fix, Contango Oil & Gas, Coupa Software & more
Take a look at some of the biggest movers in the premarket: Stitch Fix (SFIX) – Stitch Fix lost 18 cents per share for its first quarter, smaller than the 27 cents a share loss that analysts were anticipating. The...
Stocks making the biggest moves after hours: Stitch Fix, Marvell, Coupa and more
Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Check out the companies making headlines after the bell: Stitch Fix — Shares of Stitch Fix surged 15% in extended trading after the online styling service reported fiscal third-quarter results...
Is there a labor shortage? What the May jobs report tells us
A help wanted sign is displayed outside of a business before Memorial Day near the boardwalk in Wildwood, New Jersey. Spencer Platt | Getty Images News | Getty Images The weaker-than-expected April jobs report fueled speculation of U.S. labor shortages...
The Fed is in early stages of a campaign to prepare markets for tapering its asset purchases
Chairman of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters The Federal Reserve is in...
Higher interest rates would be good for the country, Treasury Secretary Yellen says
U.S. Treasury Secretary Janet Yellen speaks during a news conference, after attending the G7 finance ministers meeting, at Winfield House in London, Britain June 5, 2021. Justin Tallis | Rueters U.S. Treasury Secretary Janet Yellen said that President Joe Biden’s...