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Stocks face the crosscurrents of higher interest rates and fiscal stimulus in the week ahead
Today 16:59 EST
The Covid-19 aid package is on track for final Congressional approval in the week ahead. It could be a double-edged sword for markets
U.S. Senate unanimously approves bill to tighten controls on Chinese-funded Confucius Institutes
Today 16:52 EST
Cannabis stocks slump for second straight week as prospects dim for nationwide legalization
Today 16:38 EST
Cannabis growers and distributors dropped for a second straight week, falling with the broader market and on increased concerns about partisan sniping.
Tesla closes below $600 for the first time since December — here's what's weighing the stock down
Today 16:20 EST
The threat of inflation is hurting stocks that are based on presumed future growth, and competition and parts shortages are also hurting.
Stocks climb again after stronger-than-expected jobs report — Here's what experts are watching
Today 16:16 EST
Stocks saw a major reversal on Friday after the February jobs report. Market watchers weigh in on what could come next.
Boeing CEO forgoes $3.6 million in bonuses, but gets $21 million in total pay as Covid-19 roiled business
Today 15:46 EST
Democratic lawmakers show solidarity for Amazon union vote in Alabama: 'We stand with you'
Today 15:27 EST
A group of Democratic congresspeople traveled to an Amazon warehouse in Alabama where a historic union election is currently underway.
Tesla launches social platform to spur owners to take political action on its behalf
Today 15:25 EST
Tesla is using its updated social platform to spur owners to take political action that benefits Tesla, and potentially other EV businesses.
Companies are working on developing vaccines so they can handle emerging variants of Covid. Here's how the approaches differ.
Robinhood chooses the Nasdaq for its IPO, sources say
Today 14:59 EST
Robinhood has chosen the Nasdaq for its eventual initial public offering, according to sources familiar with the matter.
Virginia gets close to legalizing recreational weed as other states eye cannabis tax windfalls
Today 14:56 EST
Virginia finalizing its legalization of marijuana, while other states are calling for similar measures.
A top Democrat wants Biden's infrastructure bill to reduce energy tax breaks, limit them to green initiatives
Today 14:47 EST
Sen. Ron Wyden, who leads the Senate Finance Committee, wants Biden's infrastructure bill to cut tax breaks for the energy industry.
Unemployment rate understates what's going on, expert says, as millions of women remain out of workforce
Today 14:27 EST
McAfee and his "cryptocurrency team" advisor Jimmy Watson allegedly engaged in an "age-old pump-and-dump scheme," authorities said.
While the bill does not itself include student debt forgiveness, the provision may be a sign that debt forgiveness is a serious priority on the horizon.
Democrats want to send more unemployment benefits. Some workers never got the last round
Today 13:43 EST
Democrats' $1.9 trillion American Rescue Plan would pay more jobless benefits. But some have yet to receive aid from the Covid relief bill passed in December.
Goldman’s Hatzius says Covid damage on labor market will last into 2022, stimulus still needed
Today 13:34 EST
"The economy and the labor market are still far away from where they ultimately need to be," Goldman's Jan Hatzius told CNBC.
CDC study finds easing mask mandates, restaurant restrictions led to higher Covid cases and deaths
Today 13:30 EST
A new CDC study published on Friday found that local mask requirements and limited dining at restaurants can help reduce the spread of Covid-19.
The cost of mining for cryptocash
Today 13:28 EST
Bitcoin and ethereum have been on record runs higher in 2021, but mining for cryptocash is getting more expensive.
GOP groups quiet as billionaire donor stands accused of running biggest tax fraud scheme ever
Today 13:08 EST
Robert Brockman, accused of running the biggest tax fraud scheme in U.S. history, was a prolific donor to Republican groups and causes.
Employment statistics for women of color were not only more severe when the pandemic began, but are more sluggish in improving.
"And when there is mass trauma, it affects communities for many years to come," WHO Director-General Tedros Adhanom Ghebreyesus said.
President Joe Biden supports raising the federal minimum wage to $15 per hour. Here's how Social Security benefits would be calculated at that rate.
Latest Democrat deal would give Americans a tax waiver on the first $10,200 of their 2020 unemployment benefits
Today 12:38 EST
As part of a compromise reached Friday by Senate Democrats, Americans who received unemployment benefits last year could get a portion of their taxes waived.
Detroit mayor rejects initial J&J vaccine shipment, saying Pfizer and Moderna are 'the best'
Today 12:36 EST
Detroit Mayor Mike Duggan said the city had enough supply of Pfizer and Moderna vaccines to cover demand from eligible residents.
New York lawmakers move to strip Gov. Andrew Cuomo of emergency Covid powers as sex, death data scandals roil state
Today 12:20 EST
New York Gov. Andrew Cuomo is under fire for a cover-up of coronavirus death data, and sexual harassment allegations.
Self-employed and gig workers can now apply for PPP loans under new rules. Here's what you need to know
Today 12:03 EST
The Small Business Administration is ready to accept updated PPP loan applications from sole proprietors looking to take advantage of the new loan calculation.