Massive disruption is hurtling down the highway toward a $ 1.5 trillion global trucking market, as legacy manufacturers and new entrants alike grapple for pole position in a race for dominance in zero-emissions trucks. Electric vehicles have sped into the attention of investors in the last year, as stocks like …
Read More »Capitol Report: $1.9 trillion coronavirus aid package set to clear House late tonight
House Democrats hope to clear President Joe Biden’s $ 1.9 trillion economic package late Friday and send it on to the Senate, where it will face some changes. While Biden and House Democrats had hoped to use the bill — which will be immune to filibuster in the Senate — …
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 »Trade-war collateral damage: destruction of $1.7 trillion in U.S. companies’ market value
How do you make $ 1.7 trillion disappear? A trade war is one way, a new report has found. A study by the Federal Reserve Bank of New York adds to previous findings that, despite pronouncements from the White House, Americans are paying — and paying stiffly — for the …
Read More »Microsoft, Visa and others worth combined $11.5 trillion want Congress to include climate in COVID-19 recovery plan
Chief executives and other representatives from more than 330 businesses, including Capital One COF, -1.91% , General Mills GIS, +0.45% , Microsoft MSFT, +1.45% , Nike NKE, +0.50% , Salesforce CRM, +2.59% , Visa V, +1.43% and more are calling on bipartisan federal lawmakers to build back a better economy …
Read More »Fed outlines $2.3 trillion plan, mortgage rates stay low
The stock market ended this week with an upswing at all three major indices saw double-digit wins. The market is closed today in observance of Good Friday. The S&P 500 raced to finish up more than 1% Thursday putting it up more than 12% for the week. This has been …
Read More »Capitol Report: House set to pass $2 trillion coronavirus stimulus package today, but Kentucky Republican’s move may delay voting
The House on Friday debated a $ 2 trillion coronavirus stimulus package to help the U.S. economy cope with the pandemic, and while the chamber is expected to pass the massive bill it may be through a slower voting process because of a Republican congressman’s objections. House Speaker Nancy Pelosi …
Read More »Capitol Report: Pelosi predicts House will pass $2 trillion coronavirus bill with ‘strong bipartisan vote’
Mark Wilson/Getty Images House Speaker Nancy Pelosi U.S. House Speaker Nancy Pelosi on Thursday predicted speedy passage for a $ 2 trillion economic package aimed at cushioning the effects of the coronavirus on Americans, as she planned a vote for Friday. “I feel certain that we will have a strong …
Read More »Will you get a $1,200 check from the $2 trillion stimulus bill? That depends on how much money you make
Millions of Americans are slated to receive $ 1,200 checks as part of a $ 2 trillion stimulus deal — but there’s a cutoff determining who’s eligible for the money. People making over $ 99,000 and married couples making above $ 198,000 will not be receiving the payments, according to …
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