President Joe Biden is due to huddle with a bipartisan group of lawmakers on Monday to discuss his proposed $ 2.3 trillion infrastructure plan, as he faces resistance from Republicans and even some Democrats. The president’s plan would pump money into transportation, water and broadband projects, and also into home- …
Read More »: The streaming wars have a winner — in this real estate sector
Hollywood was running out of studio space even before the pandemic hit. Now after a stay-at-home year, appetite for streamed entertainment, including original content, is surging. So, too, is demand for high-quality soundstages, creative labs and production offices. How much are consumers bingeing? COVID-19 fueled a 74% year-over-year increase in …
Read More »The Fed: Powell says ‘it will be a while’ before Fed taps the brakes on economy
Fed Chairman Jerome Powell returned to “60 Minutes” on Sunday to tell Americans that the economy is going to start growing strongly, but they shouldn’t expect the central banks to start raising interest rates as a result. Asked by CBS News’ Scott Pelley when the Fed will start “tapping the …
Read More »: ‘We shouldn’t be complacent’: Suicide deaths fell during the 2020 pandemic — but what caused the decline?
Preliminary estimates suggest that suicide deaths declined amid the unprecedented mental-health and economic challenges last year. But experts are urging against complacency — and raising concerns about certain populations during the pandemic’s second year. The U.S. had 2,677 fewer suicide deaths in 2020 than in 2019, translating to a 5.6% …
Read More »Help Me Retire: We have $1.6 million but most is locked in our 401(k) plans — how can we retire early without paying so much in taxes?
Dear MarketWatch, I am trying to come up with a path to retire within the next two to three years and need some help. I will be 54 this summer and my wife is 48. Between us we make about $ 210,000 a year. We currently have about $ 1.6 …
Read More »NerdWallet: Are you worrying too much about running out of money in retirement?
This article is reprinted by permission from NerdWallet. Many U.S. households retire without enough money to maintain their pre-retirement standard of living. Once retired, though, people often reduce their spending enough to make their money last, according to a recent study by David Blanchett, head of retirement research at Morningstar, …
Read More »The Wall Street Journal: Alibaba hit with record $2.8 billion antitrust fine in China
China’s antitrust regulator has imposed a fine equivalent to $ 2.8 billion against Alibaba Group Holding Ltd for abusing its dominant position over rivals and merchants on its e-commerce platforms, a record penalty in the country that comes amid a wave of scrutiny on the business empire of company founder …
Read More »The Big Move: I want to build my dream home in New Jersey, but why is there a shortage of lumber, steel, microwaves and even refrigerators?
‘The Big Move’ is a MarketWatch column looking at the ins and outs of real estate, from navigating the search for a new home to applying for a mortgage. Do you have a question about buying or selling a home? Do you want to know where your next move should …
Read More »: Asia’s largest ride-hailing companies appear headed for U.S. markets
Two of Asia’s largest and most prominent ride-hailing services are reportedly making moves to go public in the U.S. Didi Chuxing filed confidentially for a U.S. IPO that would value it at $ 70 billion to $ 100 billion, Bloomberg News reported Friday. Didi, the largest ride-hailing business in China, …
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