Posts filtered by tags: Stimulus[x]


 

Inflation fears are stoking volatility in stocks but they're unlikely to derail the market rally, says UBS

Lucas Jackson/Reuters A jump in US inflation will stoke bouts of volatility in the stock market but it's not likely to stop the overall rally, says UBS. Consumer price inflation for April soared by more than expected, to a rate of 4.2%. "We think that the reflation trade has further to run, UBS said Thursday. See more stories on Insider's business page. US inflation rates are flying up and worries about an acceleration in prices ranging from airline tickets to energy have knock...
Tags: US, Trends, Markets, Ubs, Stocks, CPI, Federal Reserve, Stock Market, Stimulus, Dow, S&P 500, Fed, Nasdaq Composite, Lael Brainard, Carla Mozee, Mark Haefele


US hunger rates hit pandemic low following two rounds of direct stimulus

Caroline Brady, director of Friends of the Aquarium, carries food to a car. Photo by Brittany Murray/MediaNews Group/Long Beach Press-Telegram via Getty Images Hunger rates in the US have significantly dropped following increased federal aid in recent months. Census data found the percentage of adults facing food insecurity dropped from 11% in March to 8% last month. "Money helps," one economist told Politico: "We're continuing to see improvement." See more stories on Insider's bus...
Tags: Politics, Congress, Politico, US, Trends, Hunger, Stimulus, Food Insecurity, US Census Bureau, Census Bureau, Caroline Brady, Diane Whitmore Schanzenbach, Federal Aid, American Rescue Plan, Erin Snodgrass, Whitmore Schanzenbach


If you were overpaid unemployment insurance, the Biden administration says you should be able to keep some

A person files an application for unemployment benefits on April 16, 2020, in Arlington, Virginia. OLIVIER DOULIERY/AFP via Getty Images The US Department of Labor issued guidance Wednesday that lets states waive recovery of unemployment insurance overpayments. "In many cases, individuals received payments for which they may not have been eligible through no fault of their own," the department's Suzi LeVine said. States that already collected repayments should give that money back, the...
Tags: Texas, Congress, Trends, Economy, Unemployment, United States, States, Biden, Charles Davis, Stimulus, Cnbc, Levine, Suzi LeVine, Department of Labor, Arlington Virginia, US Department of Labor


How Covid-19 Continues to Reshape Consumer Banking Behaviors

A redefining year for the industry accelerated digital banking trends but left many strategic question marks for retail banking leaders. The post How Covid-19 Continues to Reshape Consumer Banking Behaviors appeared first on The Financial Brand.
Tags: Finance, Chase, Pew, Stimulus, Online Banking, Mobile Banking, Digital Banking, Digital Banking Strategies, JD Power, Mobile Channel, Featured Content, Financial Wellness, CivicScience, Lending Strategies, Coronavirus, Reshape Consumer Banking Behaviors


A petition urging the government to give $2,000 monthly stimulus checks to every American has surpassed 2 million signatures

Protesters rally demanding economic relief during the coronavirus pandemic in New York City on August 5, 2020. Angela Weiss/AFP via Getty Images A petition calling for $2,000 monthly stimulus checks has reached more than 2 million signatures. The petition argues the three stimulus checks released over the course of a year have not been sufficient to deal with the financial repercussions brought on by the pandemic. Senate Democrats have been urging both Congress to pass recurring relief che...
Tags: News, Congress, Colorado, Senate, New York City, Trends, Joe Biden, Economy, Petition, Change.org, Biden, Stimulus, Trump, Bonin, ANGELA WEISS, Biden Administration


Biden is betting big with plans to remake America. Here are 6 takeaways from Biden's speech.

U.S. President Joe Biden addresses a joint session of Congress as Vice President Kamala Harris (L) and Speaker of the House U.S. Rep. Nancy Pelosi (D-CA) (R) look on in the House chamber of the U.S. Capitol. Doug Mills/Getty Images President Joe Biden delivered his first speech to a joint session of Congress on Wednesday night. Biden called for an ambitious pandemic economic recovery plan focused on jobs, infrastructure, and childcare. He also called for changes to immigration and foreign ...
Tags: Politics, Taxes, Minneapolis, Vladimir Putin, Republicans, Congress, Colorado, Osama Bin Laden, North Korea, Senate, White House, China, Russia, Time, Immigration, Americas


Biden will unveil $1.8 trillion spending plan to extend cash payments for parents, set up universal pre-K and free community college

President Joe Biden speaks during an event with the CEOs of Johnson & Johnson and Merck at the South Court Auditorium of the Eisenhower Executive Office Building March 10, 2021 in Washington, DC. Alex Wong/Getty Images Biden is unveiling $1.8 trillion in new economic programs for families on Wednesday. The plan extend cash payments for parents and set up universal Pre-K - paid for with tax hikes on the wealthy. Biden's spending plans would rank among the largest in US history. See more...
Tags: Politics, Education, Republicans, Congress, Washington, Senate, White House, US, Trends, Merck, Childcare, Joe Biden, Economy, Policy, Infrastructure, Democrats


Biden unveils $1.8 trillion spending plan to extend cash payments for parents, set up universal pre-K and free community college

President Joe Biden at an event with the CEOs of Johnson & Johnson and Merck on March 10. Alex Wong/Getty Images President Joe Biden is unveiling $1.8 trillion in new economic programs for families on Wednesday. The plan would extend cash payments for parents and set up universal pre-K. Biden's spending plans would rank among the largest in US history. See more stories on Insider's business page. President Joe Biden will unveil a $1.8 trillion economic-aid plan during his address t...
Tags: Politics, Education, Republicans, Congress, Senate, White House, US, Trends, Merck, Childcare, Joe Biden, Economy, Policy, Infrastructure, Democrats, Gop


Joe Biden to issue executive order implementing $15 an hour minimum wage for federal contractors

President Biden speaks to reporters from the White House. BRENDAN SMIALOWSKI/AFP via Getty Images Biden will issue an executive order to enact a $15 an hour minimum wage for federal contractors. It would take effect no later than March 30, 2022, raising pay for hundreds of thousands of employees. It stops well short of an increase to the federal minimum wage, which requires Congress to act. See more stories on Insider's business page. President Joe Biden will issue an executive order o...
Tags: Politics, Jobs, Republicans, Congress, Senate, White House, Barack Obama, Trends, Joe Biden, Minimum Wage, Economy, Democrats, Biden, Stimulus, 15 Minimum Wage, Joseph Zeballos Roig


Biden sends out IRS letter heralding stimulus checks, prompting critics to say he's acting like Trump

US President Joe Biden has sent a letter to millions of Americans reminding them that he fulfilled a promise by providing a third round of stimulus checks. Doug Mills-Pool/Getty Images The IRS is sending out a letter from Biden touting portions of the $1.9 trillion stimulus package. "This fulfills a promise I made to you, and will help get Americans through the crisis," it states. A watchdog group slammed the move, telling Insider Biden, like Trump, sent "self-serving" letters at taxpayers...
Tags: Politics, Washington, White House, US, Trends, Joe Biden, Biden, Donald Trump, Charles Davis, Stimulus, Irs, Trump, Internal Revenue Service, US Treasury Department, Citizens for Responsibility and Ethics, Noah Bookbinder


Treasury yields will likely climb to a 2-year high in 2021 despite recent stabilization, Bank of America says

The US bond market has experienced a big selloff during 2021. William Thomas Cain/Getty Images The stunning rally in Treasury yields this year has stabilized for now but look for rates to resume their rise, says Bank of America, which foresees the 10-year Treasury marching up to a nearly two-year high of 2.5%. The 10-year yield hasn't been above 2.1% since July 2019.A spike in Treasury yields during 2021 has been a major focus for both bond and stock market investors. US debt has sold o...
Tags: US, Trends, Markets, Bank Of America, Economy, Treasury, Stocks, Federal Reserve, Bonds, Nasdaq, Stimulus, Latin America, S&P 500, Fed, Carla Mozee, Yields


GOP Senator says a 'sweet spot' on bipartisan infrastructure deal is less than half of what Biden wants

Sens. Shelley Moore Capito, R-W.Va Tom Williams/CQ-Roll Call, Inc via Getty Images Sen. Shelly Moore Capito said a "sweet spot" for a bipartisan infrastructure deal is less than half of what Biden wants. "I would say probably into the $600 or $800 billion, but we haven't put all of that together yet," Capito told CNBC. Other Republicans like Mitt Romney and Bill Cassidy are signaling there's an infrastructure plan being drafted. See more stories on Insider's business page. Repu...
Tags: Utah, Politics, Republicans, Congress, White House, West Virginia, Trends, Joe Biden, Economy, Policy, Infrastructure, Democrats, Gop, Mitt Romney, Capitol Hill, Louisiana


US stocks hover near record highs as traders digest strong mega-cap bank earnings

Lucas Jackson/Reuters The S&P 500 stuck close to record highs as the first-quarter earnings season kicked off. Goldman Sachs, JP Morgan Chase and Wells Fargo each turned in better-than-expected results. Coinbase will make its trading debut on Wednesday. See more stories on Insider's business page. US stocks clung near record highs Wednesday as the first-quarter earnings season began its shift into high gear with blowout earnings results from big banks including Goldman Sachs. The S...
Tags: US, Trends, Markets, Economy, Bitcoin, Discovery Communications, Credit Suisse, Earnings, Stocks, Goldman Sachs, Coin, Nasdaq, Stimulus, Equities, Coinbase, S&P 500


Top GOP senator says it's 'an impossible sell' for Republicans to strike a deal on an infrastructure package that rolls back Trump tax cuts

Sen. Roger Wicker Tom Williams/Pool via AP Sen. Roger Wicker downplayed the odds of an infrastructure deal that included rolling back Trump's tax cuts. He called it 'an impossible sell' among Republicans on Monday. Wicker met with Biden to discuss his jobs plan along with other Republicans and Democrats. See more stories on Insider's business page. Sen. Roger Wicker of Kansas, the ranking Republican on the Senate Commerce Committee, downplayed the prospect of a bipartisan d...
Tags: Politics, Jobs, Taxes, Republicans, Congress, Senate, White House, China, West Virginia, Trends, Joe Biden, Economy, Policy, Infrastructure, Democrats, Gop


The US economy is set to fully recover to pre-COVID levels this quarter - a feat that took more than 3 years after the last financial crisis

Alexi Rosenfeld/Getty Images Real gross domestic product for the US economy is set to return to pre-coronavirus levels this quarter, economists say.It's a feat took more than 3 years after the last financial crisis, Commerzbank analysts said.The IMF has said the scarring from COVID will be far less than after 2008 in advanced economies.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Real gross domestic product for the US economy is likely to retake its pre-coro...
Tags: US, Trends, Markets, Fund, International Monetary Fund, Goldman Sachs, Vaccines, Goldman, Stimulus, Imf, Corona, Commerzbank, Harry Robertson, COVID, Alexi Rosenfeld Getty, US Economy and Markets


Joe Manchin signals he could torpedo Democratic attempts to bypass Republicans multiple times in a year

In this Feb. 13, 2021, file photo Sen. Joe Manchin, D-W.Va., departs on Capitol Hill in Washington Alex Brandon/AP Manchin suggested he may thwart Democratic attempts to bypass Republicans in Congress more than once. "I simply do not believe budget reconciliation should replace regular order in the Senate," Manchin wrote in a Post op-ed. It comes as the White House weighs the path ahead for a massive infrastructure plan. See more stories on Insider's business page. Sen. Joe Manchin of ...
Tags: Politics, Congress, Washington Post, Washington, Senate, White House, West Virginia, Trends, Joe Biden, Economy, Infrastructure, Democrats, Gop, Capitol Hill, Biden, Donald Trump


Republicans are touting benefits of $1.9 trillion COVID-19 relief bill despite voting against it

Rep. Madison Cawthorn (R-North Carolina) speaks on the House floor. House Television via AP Republicans are touting benefits of the COVID-19 relief legislation they opposed in Congress. Mitch McConnell said Republicans would have a "talk" with Americans about the bill's issues. Meanwhile, funding for healthcare and restaurants is being praised by some GOP members. See more stories on Insider's business page. For months, Congressional Republicans have been unanimously opposed to the...
Tags: Politics, Mississippi, Republicans, Congress, Kentucky, Senate, Nbc News, US, Dnc, Trends, Joe Biden, Ap, Cnn, Gop, House, Healthcare


Corporate share buybacks are at a record high but capex and tax demands may slow the pace, says BofA

Yousef Masoud/SOPA Images/LightRocket/Getty Images A four-week average of share buybacks hit a record of nearly $2 billion, according to research from Bank of America. Wall Street may be on track for $900 billion of gross S&P 500 buybacks in 2021. But buybacks may slow down if companies put more cash into capital expenditures. See more stories on Insider's business page. Share repurchases by corporations reached record highs in March, but buybacks may slow if companies decide to sw...
Tags: Taxes, Corporate America, Wall Street, US, Trends, Markets, Bank Of America, Joe Biden, Economy, Corporations, Stocks, Federal Reserve, Biden, Stimulus, Equities, Fed


Chewy shares leap 13% after surprise swing to quarterly profit

Chewy Chewy shares climbed by 13% Wednesday following the fourth-quarter results from the pet-products seller. The company swung to a profit of $0.05 a share, surprising analysts who had expected a loss of $0.10 a share. Chewy's first-quarter sales forecast of $2.11 billion to $2.13 billion was above Wall Street's target. See more stories on Insider's business page. Shares of Chewy jumped Wednesday after the online pet-products retailer unexpectedly swung to a fourth-quarte...
Tags: Ecommerce, Shopping, Pets, Trends, Markets, Online, Reddit, Earnings, Stimulus, Chewy, Carla Mozee, Pandemic, Q4, Ryan Cohen, COVID, CHWY


Gold slips below $1,700 to three-week low as Biden's spending plan lifts yields

Gold bullion bars at the ABC Refinery in Sydney. David Gray/Getty Images Gold prices slipped beneath the $1,700 an ounce threshold for the first time since early March. Gold prices are hurting as Treasury yields and the US dollar rise, dulling the appeal to own the precious metal. Even as inflation is expected to pick up, rising Treasury yields are sapping gold's allure. See more stories on Insider's business page. Gold prices dropped below $1,700 for the first time in three week...
Tags: Washington Post, US, Trends, Gold, Markets, Joe Biden, Economy, Infrastructure, Dollar, Inflation, Treasury, Spending, Stocks, Biden, Stimulus, Metals


Treasury yields rise to highest in 14 months as vaccinations accelerate and Biden prepares to unveil new spending plan

Traders work on the floor of the NYSE in New York. Thomson Reuters The 10-year Treasury yield surpassed 1.7% on Tuesday, hitting a new 14-month high. Investors are preparing for the government to issue more debt as President Biden reportedly seeks $4 trillion in infrastructure spending. Technology stocks are lower as the 10-year marches higher. See more stories on Insider's business page. Borrowing costs gauged by the 10-year Treasury yield hit a 14-month high Tuesday, with investor...
Tags: UK, New York, Washington Post, Washington, Wall Street, US, Trends, Tech, Markets, Joe Biden, Economy, Infrastructure, Treasury, Stocks, Bonds, Biden


Democratic Senators tout changes to student loan relief while pushing Biden to forgive $50,000 in debt

Sen. Elizabeth Warren speaks as Senate Majority Leader Chuck Schumer looks on during a news conference at the US Capitol on July 22, 2020 in Washington, DC. Drew Angerer/Getty Images Democratic Senators touted new student loan relief to push Biden to cancel $50,000 worth of debt. Sens. Warren and Menendez added an amendment in the stimulus to ease loan forgiveness. The amendment, now law, ensures student debt that's forgiven isn't taxable. See more stories on Insider's busin...
Tags: Politics, Washington, Senate, Elizabeth Warren, Trends, Joe Biden, Warren, Biden, Stimulus, Internal Revenue Service, Sen Elizabeth Warren, Schumer, Chuck Schumer, Bob Menendez, Menendez, Sens Warren


Victoria's Secret parent L Brands jumps on revised guidance as latest stimulus boosts sales

Business Insider/Mary Hanbury Shares of L Brands, parent of lingerie retailer Victoria's Secret, rose by nearly 7% on Friday. The company raised its first-quarter earnings view to $0.85-$1 a share from $0.55 to $0.65 a share. An uptick in sales appears to be driven by stimulus payments and easing COVID-19 restrictions. See more stories on Insider's business page. Shares of Victoria's Secret parent company L Brands climbed Friday after lingerie retailer raised its quarterly e...
Tags: Shopping, US, Trends, Markets, Earnings, Victoria, Guidance, Underwear, Stimulus, Bras, Lingerie, Yahoo Finance, L Brands, Carla Mozee, Victoria s Secret, Q1


Strengthening credit quality and Biden's massive infrastructure plan is setting industrial stocks up for further big gains

iBuilt's modular construction factory. iBuilt The outlook for credit for industrial companies reached its best level in 15 months in March. Industrial stocks have been gaining on economic growth prospects and an infrastructure bill in the pipeline. The S&P Industrials sector has gained about 8% this year. See more stories on Insider's business page. The strongest credit outlook for US industrial companies in more than a year and work in Washington on an infrastructure bill shoul...
Tags: UK, Washington, US, Trends, Markets, Eu, Joe Biden, Economy, Infrastructure, Stocks, Credit, Biden, Stimulus, Commerce Department, CCI, Credit Benchmark


The market's smallest stocks are flirting with a correction as recovery concerns and quarter-end rebalancing cut into the high-flying segment

Lucas Jackson/Reuters The Russell 2000 index of small-cap stocks fell Thursday, marking a loss of 11% from its most recent high. Quarter-end rebalancings, economic recovery concerns and tax bills are among the factors stoking recent weakness, analysts say. The small-caps index is still outperforming the S&P 500. See more stories on Insider's business page. The Russell 2000 index of small-cap companies dropped into correction territory Thursday, with a quarter-end rebalancing of por...
Tags: Europe, US, Trends, Markets, Economy, Stocks, Nasdaq, Stimulus, Irs, S&P 500, Dow Jones Industrial Average, Rbc, Cap, RBC Capital Markets, Nasdaq Composite, Bespoke Investment Group


Biden says more than 100 million stimulus checks have gone out so far, 'and millions more will be getting their money very soon'

Joe Biden. AP Biden said that more than 100 million stimulus checks have gone out since the American Rescue Plan became law. "More than 100 million payments of $1,400 have gone into peoples' bank accounts," he said. "And millions more will be getting their money very soon," he added. See more stories on Insider's business page. President Joe Biden said on Thursday that more than 100 million stimulus checks have gone out since the American Rescue Plan was signed into law earlier thi...
Tags: Politics, News, US, Trends, Joe Biden, Biden, Stimulus, US Department of Labor, Sonam Sheth, Joe Biden AP Biden


JPMorgan says stimulus checks are driving less retail-investing activity than the last round of payments

FG Trade/Getty Images The latest wave of stimulus checks has driven an expected uptick in retail-investing activity, but it's occurring with less breadth than the previous cycle in December and January, says JPMorgan.Most of the money invested in the market has been allocated to more traditional areas, as opposed to riskier ones like tech stocks and bitcoin.Retail investors did pile into their favorite stocks, but only temporarily, JPMorgan finds.Sign up here for our daily newsletter, ...
Tags: Trends, Markets, Stocks, Stock Market, Stimulus, Gamestop, Jpmorgan, Tech Stocks, Stimulus Check, Stimulus Package, Stimulus Bill, Stimulus Checks, Stock Market Analysis, Isabelle Lee, Stimulus And Stocks, Stimulus And Investing


The rally in small-cap stocks is under pressure and could hit further resistance as the quarter ends, says a market research firm

Traders work on the floor of the New York Stock Exchange. Bryan R. Smith / AFP via Getty Images The Russell 2000 index of small-cap companies has had a stellar run over the past year against large-cap stocks, but its stumble below a key technical threshold this week sets it up for some short-term underperformance, according to one market research group. The Russell 2000 index on Wednesday was fighting to recoup some of its losses in the prior session. On Tuesday, it dropped by 3.6%, the wor...
Tags: Europe, US, Trends, Markets, Economy, Stocks, Stimulus, S&P 500, Hickey, Bespoke Investment Group, Carla Mozee, Paul Hickey, Russell 2000, Cyclical Stocks, Small Cap Stocks, MI Exclusive


GameStop stock sinks 17% after quarterly earnings and revenue miss expectations

Katie Canales/Business Insider GameStop shares lost as much as 17% early Wednesday following the retailer's fourth-quarter financial report. Adjusted earnings of $1.34 a share fell short of the $1.35 a share anticipated by Wall Street. GameStop named Jenna Owens, a veteran of Amazon and Google, as its new COO. See more stories on Insider's business page. GameStop shares dropped early Wednesday after the video game retailer's fourth-quarter earnings missed Wall Street's ...
Tags: Google, Amazon, Ecommerce, Trends, Markets, Reddit, Stocks, Retailers, Stimulus, Gamestop, Owens, GME, Carla Mozee, Q4, Ryan Cohen, Katie Canales Business Insider GameStop


Biden says 100 million Americans will have received stimulus checks by Wednesday

President Joe Biden delivers remarks in the State Dining Room at the White House on February 5, 2021. Stefani Reynolds-Pool/Getty Images President Joe Biden said 100 million stimulus checks will have been distributed by Wednesday. His administration will meet the goal set last week to send 100 million direct payments in 10 days. For eligible Americans without direct deposit, the direct payments are still being delivered. See more stories on Insider's business page. President Joe Biden ...
Tags: Politics, News, Congress, White House, Trends, Joe Biden, United States, Ohio, Biden, Stimulus, Kamala Harris, Checks, Jill Biden, Doug Emhoff, Coronavirus, COVID-19