China Last Night KraneShares National People’s Congress (NPC) Update Premier Li delivered the Government Work Report to start the National People’s Congress. Please see the key points of his address b...
Tag: Stimulus
IRS finally provides late guidance on state stimulus checks
Most taxpayers in the 21 states that sent out stimulus checks or tax rebates in 2022 don’t need to pay taxes on those payments on this year’s federal tax return, the Internal Revenue Service announced...
Big Short investor expects Fed stimulus in 2023
Michael Burry, an investor who was featured in the book and movie “The Big Short,” has said that the US will have a recession and more inflation in 2023. He thinks that inflation is curren...
Crypto and tech are the first dominoes to fall as stimulus liquidity dries up, says this money manager. Here’s what could happen next.
Read: Sequoia on its FTX investment: Some surprise to the upside, and some surprise to the downside JPMorgan is predicting a “cascade of margin calls, deleveraging and crypto company/platform failures...
63% of Americans support the idea of new stimulus checks to combat hot inflation — and these states are stepping up to offer relief. But will it work?
63% of Americans support the idea of new stimulus checks to combat hot inflation — and these states are stepping up to offer relief. But will it work? High inflation, rising interest rates and labor s...
COVID stimulus widened already-crippling inequality
The money-printing bonanza of recent years has been well covered. What doesn’t get enough coverage is the mass inequality that it leads to. Let’s recap. There has been more money printed in the last c...
The Fed Has Another Problem. States Are Doling Out Stimulus Funds
A spending spree is coming, and it may do more harm than good. An analysis by Deutsche Bank economists shows that 20 U.S. states have recently enacted, or are in the process of enacting, stimulus prog...
With a potential recession hanging over the country, more states issue stimulus checks — is yours one of them?
With a potential recession hanging over the country, more states issue stimulus checks — is yours one of them? Financial experts and economists see a dangerous storm brewing thanks to a volatile combi...
How To Get Started Investing With Your Stimulus Check
Getty Images Key takeaways More than 15 states are issuing new stimulus checks and/or tax rebates to help offset soaring inflation Meanwhile, unemployment rates returned to pre-pandemic lows in July D...
China signals no big stimulus is coming, while Covid controls remain
A worker in a protective suit cleans the floor at a subway station, after the lockdown placed to curb the coronavirus disease (COVID-19) outbreak was lifted in Shanghai, China June 2, 2022. Aly Song ...
Biden’s gas tax holiday might save you $6 a month, fueling calls for inflation stimulus checks instead
Biden’s gas tax holiday might save you $6 a month, fueling calls for inflation stimulus checks instead President Joe Biden is urging Congress to pause the gas and diesel taxes for three months t...
Stimulus checks rewired how some Americans see money
Ciydemimages | E+ | Getty Images For Denise Diaz, the benefits of pandemic-era stimulus checks went beyond everyday dollars and cents. They rewired how she thinks about money. Diaz, a mother of three ...
Yellen Downplays Stimulus Contributing to Inflation, Republicans Grill US Treasury Secretary’s Decisions – Economics Bitcoin News
U.S. Treasury secretary Janet Yellen doesn’t think inflationary pressures stem from the stimulus policies enacted after the Covid-19 outbreak. While speaking to lawmakers on Wednesday, during the Hous...
Is another stimulus check coming soon? Here’s how Americans could get relief from rising gas prices
Gas prices have slowly fallen since March, when a gallon topped $4.33 on average nationally, according to AAA data. But they’re starting to creep up again, and it could be awhile before Americans star...
Alibaba, JD.com Jump as China Pledges Stimulus to Rescue Economy
(Bloomberg) — U.S.-listed Chinese stocks rose sharply across the board in premarket trading on Friday, after Beijing’s top leadership pledged more stimulus to rescue an economy hampered by exten...
Stimulus checks not to blame for inflation: Andrew Yang
MIAMI — Former presidential candidate Andrew Yang says that Covid stimulus checks are not to blame for the recent inflation spike — and he’s still in favor of sending people free cash as a way t...
Why Some Prices Rise First And Others Later
Gas station in Los Angeles June 2021 (Photo by FREDERIC J. BROWN/AFP via Getty Images) AFP via Getty Images Some inflation commentaries emphasize how much of our recent inflation came from oil prices ...
DAX index forecast as EU considers additional stimulus
The DAX index bounced back on Wednesday as European and American equities rose. It rose to a high of €13,986, which was about 12% above the lowest level this year. Still, the price is about 15% below ...
Two Senior Federal Reserve Staffers Made Trades Amid Central Bank’s 2020 Stimulus
Topline Two senior Federal Reserve staffers reported a series of financial trades as the central bank was putting in place historic levels of stimulus to prop up the economy at the onset of the Covid-...
Here’s why new parents may qualify for another $1,400 stimulus check
Marko Geber | DigitalVision | Getty Images The IRS has issued all third-round stimulus payments to eligible Americans, the agency said Wednesday. However, new parents and other recipients who added de...
Biden Administration Threatens To Revoke Arizona Stimulus Funds Used For Anti-Mask Mandate Programs At Schools
Topline The Treasury Department is threatening to revoke more than $170 million in federal stimulus money and withhold future funds from Arizona, it informed the state Friday, after Arizona Gov. Doug ...
Investors Ask “Where’s The Stimulus?”
China Last Night KraneShares Key News Northern Asia equity markets were largely off aside from Taiwan’s small gain. South Asia and India performed well as the Philippines outperformed. The Hang Seng I...
Did a stimulus check miss you? Here are 7 reasons you can still be owed a payment
Did a stimulus check miss you? Here are 7 reasons you can still be owed a payment The IRS says it distributed over 171 million of the pandemic’s third stimulus checks, which started going out wa...
Stocks Plunge After Fed Minutes Show Central Bank Could Remove More Stimulus
Topline The stock market tanked on Wednesday after minutes from the Federal Reserve’s most recent meeting showed that the central bank could become more aggressive about removing stimulus and reducing...