Business News

TaxWatch: ‘People are upset.’ Will proposed IRA tax changes targeting the rich hurt smaller nest eggs?

The Ways and Means Committee recently unveiled a batch of proposed tax law changes zeroing in on how the super-rich use retirement accounts

Sep-22-2021


Market Extra: Fed opens overnight repo spigot as Wall Street stares down barrel of U.S. debt-ceiling fight

Demand for the Federal Reserve's overnight reverse repo facility touched a new record of $1.28 trillion on Wednesday, a day before caps for each counterparty will be doubled to $160 billion a day.

Sep-22-2021


: White House to host Intel, Apple, Microsoft execs to discuss chip shortage

The CEO of Intel Corp. will join executives from Apple Inc., Microsoft Corp., Ford and others at a White House virtual meeting Thursday to address the global chip shortage, Reuters reported Wednesday.

Sep-22-2021


Retirement Hacks: When you should — and shouldn’t — invest in a Roth 401(k)

A growing number of employers are offering these accounts but most workers aren’t taking advantage

Sep-22-2021


: Whether COVID-19 boosters get approved or not, Pfizer and Moderna have already made their money

It's likely that millions of COVID-19 booster shots will be administered in the U.S. in the coming months, but that doesn’t mean companies like Moderna and Pfizer will report an unexpected revenue windfall this year.

Sep-22-2021


: New California law protects Amazon warehouse workers facing quotas

Gov. Gavin Newsom signs bill that makes California the first state in the nation to regulate working conditions related to quotas at Amazon warehouses.

Sep-22-2021


The Wall Street Journal: Biden expected to name Wall Street bank critic to watchdog post

President Joe Biden plans to nominate a law professor who has criticized Wall Street banks to oversee some of the largest U.S. lenders, according to people familiar with the matter.

Sep-22-2021


The Tell: Behind bond market’s muted response to Federal Reserve’s rate outlook may be a message for policy makers

The Treasury curve flattened Wednesday, while the spread between 2024 and 2026 Eurodollars shrunk, signs that the Federal Reserve might have to quickly reverse course if it starts raising rates next year, by lower them again after 2024.

Sep-22-2021


The Fed: Hawks rule the roost at Fed, economists say

Hawks are ruling the roost at the Federal Reserve, a noted Fed watcher said Wednesday, amid Powell's dovish voice.

Sep-22-2021


IPO Report: Toast stock pops more than 50% in IPO debut

Toast Inc. shares popped as high as 63% in their trading debut Wednesday, marking a warm Wall Street welcome for the maker of restaurant-focused software and payment technology.

Sep-22-2021