Economy

President-elect Joe Biden is hoping to jump-start the economy with his sweeping $1.9 trillion American Rescue Plan. Morning Consult economist John Leer joined LX News to make a case for why it’s worth it for the U.S. government to pass a costly relief bill and avoid catastrophic long-term consequences of the pandemic.

Some states, like Virginia, Oklahoma and Texas, won’t be able to issue additional funds from the Covid relief law to certain workers for several weeks.

The S&P 500 and Nasdaq Composite closed slightly higher on Wednesday, led by tech shares, as traders kept an eye on interest rates.

Converting vacant retail space into rapid testing sites could help people feel comfortable going back to restaurants, real estate executive William Rudin said.

Washington leaders disagree whether $2,000 stimulus checks will really help those who need it most. Experts say these changes could better direct the money.

The ECB is sticking to its growth projections despite new coronavirus restrictions that could extend the economic crisis in the euro area.

This latest state of emergency in Tokyo and three other areas was announced last week, in a bid to combat the latest surge in coronavirus infections.

RiverFront Investment Group’s Kevin Nicholson predicts the 10-year Treasury Note yield has little near-term upside left.

Yale University senior fellow Stephen Roach, who served as Morgan Stanley Asia Chairman, sees signs the U.S. economy is relapsing into a recession.

Walmart’s sales have risen during the Covid pandemic, but its chief customer officer said many customers are nervous and financially strapped.

Check out the companies making headlines in after hours trading.

These are the stocks posting the largest moves in midday trading.

Long-dormant inflation could rebound more quickly than anticipated, Kansas City Fed President Esther George said Tuesday.

Sen. Ron Wyden, D-Ore., wants to increase jobless benefits by $600 a week again. New evidence suggests a prior subsidy hadn’t kept people from returning to work.

Job openings decreased in November, with the biggest hit coming to the battered hospitality industry as the Covid pandemic surges.

Goldman Sachs has backed Britain’s FTSE 100 and Germany’s DAX to outperform in a resurgent year for European equities.

U.S. stock futures rose Tuesday, a day after market declines from record highs.

AstraZeneca’s vaccine against the covid-19 could be available across the European Union in mid-February after asking the European Medicines Agency for approval.

Synchrony CEO Margaret Keane will step down after nearly a decade of running the co-branded card lender.

Job creation can help alleviate inequality, but inequality was a problem even when unemployment was low before Covid, said ANZ Bank’s Richard Yetsenga.