As people and markets around the world adjust to having Joe Biden as U.S. president, a key factor is what the veteran Democratic politician aims to accomplish without having to work with Congress. Biden is making use of executive orders that affect health care XLV, +1.13%, the energy sector XLE, …
Read More »: One of Biden’s first moves will be extending the student-loan payment pause through Sept. 30
Student-loan borrowers won’t have to resume payments on their federal direct student loans until October, the incoming Biden administration announced Wednesday. After he’s sworn in as President, Joe Biden plans to ask the Department of Education to “consider immediately” extending the coronavirus-era pause on student-loan payments and collections until at …
Read More »Market Snapshot: Biden’s ‘rescue America’ plan is big. How its trillions could help both Wall Street and Main Street
As Americans hunker down and wait to get vaccinated, the toll of the coronavirus pandemic keeps rising. Its costs, both in lives and livelihood, prompted President-elect Joe Biden on Thursday to propose another $ 1.9 trillion “first step” spending package to help combat the carnage of the pandemic, even before …
Read More »Capitol Report: Companies donate to Biden’s inauguration: It’s ‘a way to try to ingratiate yourself with an incoming president,’ expert says
As President-elect Joe Biden prepares to take office on Wednesday, prominent U.S. companies are making donations to support his inaugural events, even as the proceedings will be largely online and scaled back. Alphabet’s Google GOOG, -0.23% GOOGL, -0.19%, Boeing BA, -2.66%, Charter Communications CHTR, +0.93%, Comcast CMCSA, -1.80%, Microsoft MSFT, …
Read More »NewsWatch: Here are the biggest stock market winners and losers in Biden’s massive stimulus plan
MARKETWATCH FRONT PAGE Sectors including banking, biotech, gold mining, green energy and infrastructure will be in play this year. See full story. Biden promises 100 federal vaccination centers by end of his first month in office President-elect Joe Biden on Friday gives a speech in Wilmington, Del., about his plan …
Read More »Key Words: For some, Biden’s $1.9 trillion COVID-19 rescue plan is a ‘lifeline’ — and wouldn’t come a moment too soon
“ ‘President-elect Biden’s relief and recovery proposal would be a lifeline to workers and their families.’ ” — Josh Bivens, director of research at the EPI On Thursday evening, President-elect Joe Biden said he will call for $ 1,400 stimulus checks and more vaccine funds as part of a $ …
Read More »: Biden’s China priorities could be challenged by the landmark new EU-China investment treaty
After seven years of negotiations, the European Union and China agreed in principle on a landmark investment treaty that the 27-member bloc says will level the playing field for European investors in China. The agreement was reached on Wednesday after a final call between Chinese President Xi Jinping and European …
Read More »Peter Morici: Trade will be the toughest test for Biden’s foreign policy
Joe Biden campaigned on a platform to restore America’s standing in the world by repairing ties with our allies, create greater domestic equity through improvements in the Affordable Care Act and aggressive efforts to advance the interests of women and minorities, and accelerate U.S. efforts to reduce greenhouse gases. The …
Read More »Capitol Report: ‘She can start repairing the damage in economic diplomacy’ — analysts react to Yellen as Biden’s Treasury secretary
Economists and other analysts were sounding off Monday following news that President-elect Joe Biden has selected former Federal Reserve Chairwoman Janet Yellen to lead the Treasury Department. Biden plans to nominate Yellen, said a Wall Street Journal article citing unnamed sources, and other news outlets also reported that she was …
Read More »