By Paul Krugman Opinion Columnist Has the Republican Party, which has championed the interests of big business and sought to keep wages low since the late 19th century, suddenly become populist? Some of its rising stars would have you believe
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Why Biden’s Plan to Raise Taxes for Rich Investors Isn’t Hurting Stocks
Investors have largely shrugged off President Biden’s proposal to raise taxes on investment income for wealthy Americans, as the stock market hovers near record highs after news of a strong economic rebound and blockbuster earnings reports from technology giants such
Opinion | The Years of Work Behind Washington’s Most Well-Liked Man
In 2015, I was working as an economist at the Federal Reserve. If someone told you then that in 2020 a deadly pandemic would shut down life as we knew it and that in the midst of a stop-and-go response
Opinion | Speak Softly, and Carry a Big Agenda
If you dial down the conflict, you can dial up the policy. By Ezra Klein Opinion Columnist American politics feels quieter with Joe Biden in the White House. The president’s Twitter feed hasn’t gone dark, but it’s gone dull. Biden
Powell Says Better Child Care Policies Might Lift Women in Work Force
Jerome H. Powell, the Federal Reserve chair, suggested on Wednesday that improved child care support policies from the government might help pull more women into the labor market. The Fed chief studiously avoided commenting on specific government policy proposals during
US dollar slides for third day on economic data, Biden stimulus expectations
NEW YORK (REUTERS) – The US dollar fell for a third straight session on Thursday (Jan 21), with investors seeking out higher-yielding currencies, as a slew of better-than-expected US data and continued optimism about a massive stimulus package spurred hopes
How Wall Street Reflects the Economy Biden Inherits
What big banks reveal about the economy America’s biggest banks have all now released their financial results for the past year, data that reflect the strange economic situation facing President Biden and his new administration. Parts of the economy are
Banks are starting to release their rainy-day reserves, giving their earnings a boost.
By Emily Flitter Optimism is taking hold among the country’s largest banks. With vaccines beginning to be administered to the most vulnerable Americans and a new round of economic stimulus on the way, banks on Friday revealed that they had
The Week in Business: The Price of Chaos
No one should have been surprised by the violence in Washington this past week, but it was stunning nonetheless. Here’s how the business and tech industries are reacting, and what comes next. — Charlotte Cowles What’s Up? (Jan. 3-9) A
Congress Rushes to Pass Huge Coronavirus Relief Bill
WASHINGTON — Congress was poised on Monday to approve a $900 billion stimulus package that would send billions of dollars to American households and businesses grappling with the economic and health toll of the pandemic. Treasury Secretary Steven Mnuchin said hundreds