9:54 a.m. Today9:54 a.m. April 16, 2021
- By Mark DeCambre
Dow, S&P 500 jump to new records but tech stocks lagThe Dow and S&P 500 are up Friday afternoon, extending their recent rallies into new record territory, amid a fresh flurry of corporate quarterly results to end the first week of earnings season.
9:52 a.m. Today9:52 a.m. April 16, 2021
- By Ciara Linnane
WHO says global COVID-19 cases nearly doubled in last two months, making vaccine drive more urgent than everThe World Health Organization warned Friday that the global tally of confirmed cases of the coronavirus-borne illness COVID-19 has almost doubled in the last two months, and is now approaching the highest rate seen since the start of the pandemic.
9:04 a.m. Today9:04 a.m. April 16, 2021
Russia to expel 10 U.S. diplomats in response to new sanctionsRussia on Friday responded in kind to a barrage of new U.S. sanctions, saying it would expel 10 U.S. diplomats and take other retaliatory moves in a tense showdown with Washington.
9:02 a.m. Today9:02 a.m. April 16, 2021
Can Crypto Escape The The Dollar’s Gravity?
You might be able to buy a Tesla in Bitcoin. But cryptocurrencies aren’t likely to replace the almighty dollar anytime soon.
9:01 a.m. Today9:01 a.m. April 16, 2021
U.S. slaps tough new sanctions on Russia over election meddling and hackingThe measures include for the first time far-reaching financial sanctions, including restrictions on U.S. financial institutions’ ability to trade Russian sovereign debt.
8:54 a.m. Today8:54 a.m. April 16, 2021
- By Steve Goldstein
How a shifting political landscape may fuel a new economic supercycleMMT might not work in the future, but for now, it is setting up policies leading to a stronger economy and less inequality, an analyst says.
8:46 a.m. Today8:46 a.m. April 16, 2021
Biden speeds refugees admissions, but doesn't lift Trump capPresident Joe Biden on Friday signed an emergency determination that officials said would speed refugee admissions to the U.S., but he did not immediately lift his predecessor's historically low cap of 15,000 refugees for this year.
8:38 a.m. Today8:38 a.m. April 16, 2021
Stocks Are Higher With Records in Focus After China Posts Strong Data
Global stocks were mixed as investors weighed strong data out of China and readied for more U.S. earnings.
8:27 a.m. Today8:27 a.m. April 16, 2021
- By Myra P. Saefong
Lumber and steel markets look to Biden's infrastructure plan for their next big boost There’s little doubt that demand for lumber, steel, and other commodities will get a boost from President Joe Biden’s $2.3 trillion proposed infrastructure package. Prices for some building materials, however, have already booked phenomenal gains in the first three months of the year, potentially setting limits on an extended rally.
7:33 a.m. Today7:33 a.m. April 16, 2021
- By Rachel Koning Beals
Apple launches $200 million forestry fund it says will bring financial return for investorsApple has created a $200 million fund designed to remove carbon emissions from the air and support the sustainable forestry the company uses to package iPhones and more. Yet the fund will still generate a financial return for investors.
7:28 a.m. Today7:28 a.m. April 16, 2021
- By Lina Saigol
Norway delays decision to ditch AstraZeneca vaccine, warning it could impact J&J rolloutThe Norwegian government said it needs more time to decide whether to restart the use of AstraZeneca's COVID-19 vaccine, or permanently remove it from the country's immunization program.
7:26 a.m. Today7:26 a.m. April 16, 2021
- By Philip van Doorn
These stocks are 'cash cows' that give you a better way to play the value sectorA cash-flow approach is the best way to identify value stocks in the modern economy, says Sean O'Hara, president of Pacer ETFs.
7:22 a.m. Today7:22 a.m. April 16, 2021
J&J’s Vaccine Pause Could Have Ripple Effects for the World
A halt in the rollout won’t hinder the U.S. vaccination campaign or the economic recovery, but it does raise the risk of the global vaccination effort faltering.
7:11 a.m. Today7:11 a.m. April 16, 2021
- By Weston Blasi
NBA star Kevin Durant invested in Coinbase in 2017 — his stake is now worth 53 times what it was worth thenDurant also invested $1 million in Postmates before its sale to Uber in 2020
7:07 a.m. Today7:07 a.m. April 16, 2021
China Had Record Growth but Pace May Be Slowing
China’s GDP grew at a record rate in the first quarter but the quarter-on-quarter numbers were less impressive.
7:06 a.m. Today7:06 a.m. April 16, 2021
The Known Unknowns That Cast Doubt on Stocks’ Fate
Will the latest disquieting developments regarding the spread of the Covid-19 virus and slowing demand for vaccines be reversed?
7:00 a.m. Today7:00 a.m. April 16, 2021
- By Greg Robb
U.S. economy 'ready to rip,' new Fed governor says The U.S. economy 'is ready to rip' but there is no need to start pulling the plug on central bank support, said new Fed Governor Christopher Waller on Friday.
6:57 a.m. Today6:57 a.m. April 16, 2021
- By Robert Schroeder
White House announces $1.7 billion in funding to track, fight COVID variantsThe Biden administration will invest $1.7 billion to help states and the Centers for Disease Control and Prevention track and fight COVID-19 variants, the White House . The money is from the COVID-relief law enacted last month, and includes $1 billion for expanding genomic sequencing; $400 million for studying genomic epidemiology; and $300 million for a system for sharing and analyzing sequencing data. The administration says "new and potentially dangerous strains" of the virus make up about half of COVID cases in the U.S. today.
6:44 a.m. Today6:44 a.m. April 16, 2021
- By Jeffry Bartash
Americans are feeling the best they've felt since the pandemic began, consumer survey shows Stimulus checks, rising coronavirus vaccinations and a rapidly growing economy lifted the spirits of Americans in early April and pushed a closely followed survey of consumer attitudes to a 13-month high.
6:39 a.m. Today6:39 a.m. April 16, 2021
Biden meets Japan PM Suga to boost China-facing alliancesPresident Joe Biden is welcoming Japan’s prime minister to the White House on Friday in his first face-to-face meeting with a foreign leader, a choice that reflects Biden's emphasis on strengthening alliances to deal with a more assertive China and other global challenges.
Fed's Waller: 'There is no reason to be pulling the plug' on the central bank support for economy
6:25 a.m. Today6:25 a.m. April 16, 2021
Fed's Waller says U.S. economy 'is ready to rip'
6:19 a.m. Today6:19 a.m. April 16, 2021
5:39 a.m. Today5:39 a.m. April 16, 2021
- By Greg Robb
U.S. Treasury removes forex manipulation label from Switzerland, VietnamThe U.S. Treasury Department on Friday removed the foreign-exchange manipulator label from Vietnam and Switzerland that the Trump administration had placed on the two countries in December.
5:19 a.m. Today5:19 a.m. April 16, 2021
Why Nike's China Troubles Won't Derail the Stock
Stifel analyst Jim Duffy says a backlash against Western companies over Xinjiang-related sanctions is a short-term concern, but not enough to threaten future growth.
5:10 a.m. Today5:10 a.m. April 16, 2021
- By Barbara Kollmeyer
FTSE 100 tops 7,000 for the first time in over a year after upbeat Chinese data The FTSE 100 hasn't tapped the 7,000 mark since February 2020.
5:02 a.m. Today5:02 a.m. April 16, 2021
- By Andrea Riquier
4:47 a.m. Today4:47 a.m. April 16, 2021
Government policies segregated America, and we could harness that same force to reverse the damage Blatantly discriminatory housing policies were the basis of our current inequality in wealth, education, jobs, health and justice.
4:36 a.m. Today4:36 a.m. April 16, 2021
A Hedge Fund Billionaire Says Regulators Aren’t Doing Their Jobs
Dow hits new high, J&J asks other vaccine makers to investigate blood clots, and other news to start your day.
4:20 a.m. Today4:20 a.m. April 16, 2021
- By Rachel Koning Beals
Cutting these emissions by 30% could yield up to $68 billion in health benefits each yearHealth-care risks linked to climate change were among the featured eye-opening dollar figures laid out before lawmakers.
3:30 a.m. Today3:30 a.m. April 16, 2021
TIPS for Investors: Look Elsewhere for Inflation Protection
Reason one to avoid Treasury inflation-protected securities: All TIPS maturities other than the 30-year offer negative yields
3:15 a.m. Today3:15 a.m. April 16, 2021
These Active Small-Cap Funds Are Ready to Run
Barron’s picked a few active funds with more than 50% exposure to cyclical sectors like financials, energy, and industrials, notably the Avantis U.S. Small Cap Value ETF
1:00 a.m. Today1:00 a.m. April 16, 2021
Linda-Eling Lee is global head of ESG research at MSCI.
12:19 a.m. Today12:19 a.m. April 16, 2021
- By Jack Denton
Buy bank stocks after Citi, Goldman Sachs, BoA and JPMorgan earnings wowed, says this research groupCoinbase’s hotly-anticipated initial public offering hogged the spotlight on Wednesday, eclipsing blowout results from banks, which kicked off earnings season with a bang.
8:01 p.m. April 15, 2021
Biden expulsion of Russian diplomats and new sanctions regime aim to make Kremlin pay for election attacks and SolarWinds hackPresident Biden and other U.S. officials emphasize the response is proportional and targeted and not intended to kick off a ‘downward spiral’ in bilateral relations.
8:00 p.m. April 15, 2021
- By Victor Reklaitis
Lawmakers launch bipartisan 'SALT caucus,' escalating push to remove cap on federal deductions for U.S. state and local taxesA drive led by some U.S. lawmakers from high-tax states gains steam on Thursday, as they launch a bipartisan "SALT Caucus."
6:57 p.m. April 15, 2021
Pace of vaccine rollout dissuades Asia stocks from tracking Wall Street rallyEquity trading mixed across Asia and Australia early Friday.
5:00 p.m. April 15, 2021
Why Europe Needs Another Fiscal ‘Booster Shot’
The European economy has lost ground compared with the U.S. and China, and the Covid-19 crisis will widen the gap.
3:20 p.m. April 15, 2021
- By Sunny Oh
Yields are sliding but U.S. economic indicators are improving. Here's what's driving the bond market 'datapathy.'Bonds are shrugging off blowout U.S. economic data. Here's why.
2:18 p.m. April 15, 2021
- By Jacob Passy
April 15 is still a crucial deadline for these taxpayers and home builders are growing more confident about the housing marketThursday's top personal finance stories
2:15 p.m. April 15, 2021
America's historic Black beach communities today — affluent and struggling to preserve their heritageAt the start of the 20th century, there were hundreds of predominantly Black beach and lakefront communities from sea to shining sea. But only a small number still exist today.