Thursday, January 21, 2021

Yellen says U.S. must ‘act big’ on next coronavirus relief package

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Janet Yellen, U.S. President-elect Joe Biden’s nominee to run the Treasury Department, will tell the Senate Finance Committee on Tuesday that the government...

The Rich Are Minting Money in the Pandemic Like Never Before

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Bloomberg: Americans have become, by some measures, richer during the pandemic than ever before. It’s a difficult thing to fathom, what with the economic collapse and the surge...

After Trump’s Departure, China’s Economy Will Lead The World

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The pandemic? Which pandemic?   If 2021 unfolds as economists predict, China will have weathered the crisis smoothly. Its gross domestic product is expected to reach,...

Report: Joe Biden to Cancel Keystone XL Pipeline Permit on Day One

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Breitbart: President-elect Joe Biden plans to cancel the permit for the Keystone XL pipeline on his first day in office, according to several news...

Goldman Pours Cold Water On Biden’s Fiscal Plan, Sees Just $1.1 Trillion Enacted

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Zero Hedge: Last night, in our post-mortem of Biden's hyperambitious $1.9 trillion stimulus plan we warned that "the bigger size, and inclusion of Democratic priorities...

Joe Biden’s $15 Minimum Wage Could Kill More than 1.3 Million Jobs

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Breitbart: President-elect Joe Biden’s proposal to raise the national minimum wage to $15 an hour could put more than 1.3 million Americans out of...

New Lockdowns In Europe Put The Brakes On The Oil Demand Rebound

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Daily Wire: Road traffic and transportation fuel demand in most of Europe at the start of 2021 is likely at its weakest since the...

Blaming “Lower Interest Rates,” Northern Trust, the #3 Trust Bank, Quietly Laid Off 500...

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“Lower interest rates… reduced our earnings in 2020 and will put pressure on our profitability this year.” After having promised, no layoffs in 2020....

Stock futures lower as Biden unveils $1.9 trillion stimulus plan

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CNBC: Stock futures were lower early Friday morning after President-elect Joe Biden announced details of a $1.9 trillion stimulus plan, one of the top...