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Stimulus Package Renews Spotlight on Universal Basic Income

  • Stimulus Package Renews Spotlight on Universal Basic Income Stimulus Package Renews Spotlight on Universal Basic Income 5:45
    WSJ Opinion: Biden's Partisan Stimulus WSJ Opinion: Biden's Partisan Stimulus 3:14
    The Costs and Benefits of a $15 Federal Minimum Wage The Costs and Benefits of a $15 Federal Minimum Wage 8:23
    WSJ Opinion: Does the Covid Stimulus Bill Make Any Sense? WSJ Opinion: Does the Covid Stimulus Bill Make Any Sense? 7:17
6:06 a.m. July 16, 2021 - By Jeffry Bartash
U.S. business inventories climb 0.5% in MayU.S. business inventories rose 0.5% in May, the government said Friday. Economists polled by The Wall Street Journal had forecast a 0.5% increase. Sales fell 0.3% in the month. An increase in inventories adds to gross domestic product and is usually a sign of an expanding economy. The ratio of inventories to sales, meanwhile, rose to 1.26 from 1.25. That's how many months it would take to sell all the inventory on hand. Inventories soared early in the pandemic as sales slumped, but now companies can't keep enough inventory in stock. Sales are strong, but shortages of supplies and labor are holding back production.
5:51 p.m. May 25, 2021 - By Quentin Fottrell
Why are ‘Karens’ so angry? Such incidents have not gone away. Instead, they’ve become another depressingly ubiquitous feature of modern lifeSuch incidents have not gone away. Instead, they’ve become another depressingly ubiquitous feature of modern life.
4:37 a.m. May 18, 2021 - By Jacob Passy
Housing starts fall as builders contend with shortage of materials and laborU.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.57 million in April, representing a 9.5% decrease from the previous month's downwardly-revised figure, the U.S. Census Bureau . Compared with April 2020 though, housing starts were up 67%, though the year-over-year comparison is skewed somewhat by the effects of the COVID-19 pandemic's onset a year ago. The pace of permitting for new housing units increased again in March. Permitting for new homes occurred at a seasonally-adjusted annual rate of 1.76 million, up 0.3% from March and 61% from a year ago. Economists polled by MarketWatch had expected housing starts to occur at a pace of 1.70 million and building permits to come in at a pace of 1.77 million.
5:30 a.m. May 5, 2021 - By Greg Robb
Fed's Evans says chances of persistently higher inflation are 'remote'The chances that the $2.8 trillion stimulus measures passed by Congress since December will overheat the economy and generate higher inflation are remote, said Chicago Fed President Charles Evans on Wednesday. Inflation is likely to pick up in coming months as people resume normal activities and some bottlenecks emerge but simulations performed by economists at the Chicago Fed see inflation topping out at less than a full percentage point and dissipating in two or three years, Evans said in a speech to the Levy Economics Institute of Bard College. "We still have some ways to go before we meet our goals" of full employment and stable 2% average inflation, Evans said. As a result, Fed policy "is likely on hold for some time," he added. Labor market conditions required to move interest rates off zero or to start to taper the $120 billion in monthly asset purchases "will not be met for a while," he said.
8:08 a.m. April 25, 2021 - By Quentin Fottrell
Despite falling jobless claims, America’s poverty rate just reached the highest level since the pandemic began ‘This disconnect between poverty and unemployment is not surprising’‘This disconnect between poverty and unemployment is not surprising.’
4:46 a.m. April 9, 2021 - By Greg Robb
U.S. PPI data release delayed, as government website frozenThe U.S. producer price report for March, expected to be released at 8:30 a.m. Eastern, has been delayed as the government website for releasing the data has been frozen. The Bureau of Labor Statistics webpage said it is busy, and the bureau didn't immediately respond to requests for comment.
5:34 a.m. April 3, 2021 - By Quentin Fottrell
‘Frugality will continue to reign’: Eager to save hundreds of dollars, Americans flock to one type of product A new report from the Conference Board tracks three distinct trendsA new report from the Conference Board tracks three distinct trends.
2:29 p.m. March 29, 2021 - By Quentin Fottrell
Millions of Americans live paycheck to paycheck Roughly half of Americans say they have saved less than $500 in the past 3 monthsRoughly half of Americans say they have saved less than $500 in the past 3 months.
1:22 p.m. March 19, 2021 - By Jacob Passy
New CDC guidelines could mean more kids in classrooms and COVID-19 long haulers face financial uncertainty Friday's top personal finance stories Friday's top personal finance storiesFriday's top personal finance stories
1:52 p.m. Feb. 19, 2021 - By Andrew Keshner
Mortgage rates soar to highest level in months and Democratic lawmakers ask IRS to postpone tax-filing deadline Friday’s Personal Finance Stories Friday’s Personal Finance StoriesFriday’s Personal Finance Stories.
2:33 p.m. Feb. 17, 2021 - By Jacob Passy
The IRS says it’s done sending stimulus checks for now and Biden shoots down proposal to cancel student debt Wednesday's top personal finance stories Wednesday's top personal finance storiesWednesday's top personal finance stories
9:05 a.m. Feb. 17, 2021 - By Kerry Hannon
Older workers are suffering more — but all is not lost 6 tips for older workers looking for a new job6 tips for older workers looking for a new job
3:11 p.m. Feb. 11, 2021 - By Elisabeth Buchwald
Last-minute strategies for lowering your 2020 business tax bill and majority of jobless Americans chose going back to work over receiving the extra $600 unemployment benefit Thursday’s top personal finance stories Thursday’s top personal finance stories Thursday’s top personal finance stories
7:08 a.m. Feb. 8, 2021 - By Jacob Passy
Jeff Bezos built Amazon into a monolith — but did it hurt American workers? Research has found that Amazon warehouses don’t boost local employment where they open Research has found that Amazon warehouses don’t boost local employment where they openResearch has found that Amazon warehouses don’t boost local employment where they open.
1:49 p.m. Feb. 5, 2021 - By Andrew Keshner
The IRS says teachers can deduct hand sanitizer costs and how Dolly Parton’s Super Bowl ad glosses over the reality for millions of gig workers Friday's Personal Finance Stories Friday's Personal Finance StoriesFriday's Personal Finance Stories.
9:03 a.m. Jan. 30, 2021 - By Quentin Fottrell
‘This is sheer economic waste. We distributed our $1,200 stimulus to our church:’ Why did we get these checks instead of poor Americans? ‘We do not light our fireplace with $100 bills, but we are comfortable’‘We do not light our fireplace with $100 bills, but we are comfortable.’
12:28 p.m. Jan. 25, 2021 - By Meera Jagannathan
Biden is reversing Trump’s transgender military ban — but workplace discrimination remains a problem for LGBT Americans, and when can younger, healthy people get vaccinated? Monday’s top personal finance stories Monday’s top personal finance storiesMonday’s top personal finance stories
7:27 a.m. Jan. 23, 2021 - By Quentin Fottrell
My coworker owns 10 homes, 9 of which are rented. How did he get a stimulus check while I didn’t? ‘I happened to have inherited my mother’s house, so if I don’t qualify, that’s fine. I’m working’‘I happened to have inherited my mother’s house, so if I don’t qualify, that’s fine. I’m working.’
7:21 a.m. Jan. 18, 2021 - By Quentin Fottrell
The No. 1 job in America pays $100,000 a year — and it’s not in Silicon Valley The annual ‘best jobs’ rankings are based on salary, openings, work-life balance, and stress levelThe annual ‘best jobs’ rankings are based on salary, openings, work-life balance, and stress level.
10:54 a.m. Jan. 14, 2021 - By Ciara Linnane
U.S. case tally climbs to 23 million — or a quarter of the global tally — amid surge in new infections ‘We are tragically losing more than 1,300 people a week to this disease,’ says head of hard-hit Los Angeles County Public Health DepartmentThe global confirmed case tally for the coronavirus-borne illness COVID-19 climbed above 92 million on Thursday, with the U.S. accounting for more than 23 million of those infections, as the latest economic data showing the grave toll the pandemic is having on the labor market.
1:22 p.m. Jan. 11, 2021 - By Elisabeth Buchwald
After siege on Capitol Hill, curfew hits an already crippled restaurant industry and Americans are booking summer getaways Monday’s top personal finance stories Monday’s top personal finance stories Monday’s top personal finance stories
10:37 a.m. Jan. 8, 2021 - By Ciara Linnane
More than 4,000 U.S. lives lost to COVID in single day, exceeding death toll from 9/11 attacks Numbers exceed even worst-case scenario forecasts of health experts as vaccine rollout continues to lag targetsThe U.S. set yet another record for the number of fatalities from the coronavirus-borne illness COVID-19 and recorded the highest number of new cases since the start of the outbreak, with the latest numbers exceeding even the worst case scenario forecasts of health experts.
10:39 a.m. Jan. 7, 2021 - By Ciara Linnane
U.S. counts record of almost 4,000 COVID-19 deaths in a day as virus continues to wreak havoc Experts fear the mob that stormed the U.S. Capitol on Wednesday may have created a superspreader event as few wore face masksAs the dramatic events in Washington, D.C. were unfolding Wednesday, the coroanvirus-borne illness COVID-19 continued to wreak havoc in the U.S., claiming a record of almost 4,000 American lives, the most in a single day since the start of the outbreak.
2:15 a.m. Jan. 7, 2021 - By Ciara Linnane
U.S. could see up to 150,000 more COVID-19 deaths by February as new strain takes hold, expert warns More infectious variant makes it even more crucial to get vaccine program on track after early disappointment, says Dr. Ashish JhaThe U.S. set a fresh record for hospitalizations with the coronavirus-borne illness COVID-19 on Wednesday, as experts said the new, far more infectious variant makes it even more crucial to get the nation’s so-far underwhelming vaccine program on track.
9:05 p.m. Jan. 4, 2021 - By Quentin Fottrell
My mother gave me a substantial financial gift. I gave it back. My soon-to-be ex-husband says half belongs to him ‘My husband persuaded me to add his name to the account with the money from my mother’‘My husband persuaded me to add his name to the account with the money from my mother.’
3:30 a.m. Jan. 4, 2021 - By Quentin Fottrell
My partner supports me 100%. I’m ill and haven’t worked or filed taxes since 2016, so I got no stimulus. When will I get one? ‘What is my best chance of getting anything out of these relief payments, either a past stimulus check or a future one?’‘What is my best chance of getting anything out of these relief payments, either a past stimulus check or a future one?’
4:48 a.m. Jan. 3, 2021 - By Quentin Fottrell
COVID-19 has created a ‘flight to safety’ for American job hunters ‘Our findings uncover a flight to safety channel in the labor market,’ a new study says‘Our findings uncover a flight to safety channel in the labor market,’ a new study says.
4:35 a.m. Jan. 3, 2021 - By Quentin Fottrell
I earned $100,000 in 2019, but far less in 2020. Why did I not get a stimulus check? How is that fair? ‘I also know people who made over $100,000 in 2019, but can’t get a stimulus because of their 2019 tax return’‘I also know people who made over $100,000 in 2019, but can’t get a stimulus because of their 2019 tax return’
12:40 p.m. Jan. 2, 2021 - By Quentin Fottrell
I received two $1,200 stimulus payments last summer. Will I get two $600 checks this time too? The Moneyist: ‘Don’t you mean round three and four? I wouldn’t spend that second check quite yet’The Moneyist: ‘Don’t you mean round three and four? I wouldn’t spend that second check quite yet.’
12:32 p.m. Jan. 2, 2021 - By Quentin Fottrell
‘I’m lucky to get by on $75,000 a year’: The $600 stimulus program doesn’t sound reasonable to me. Why am I left out? ‘Be grateful that you have a home and family to go home to tonight’‘Be grateful that you have a home and family to go home to tonight.’
7:44 a.m. Dec. 31, 2020 - By Ciara Linnane
U.S. sets record for COVID deaths, and California confirms second case of highly infectious new strain Operation Warp Speed officials acknowledge delays in distributing vaccines, experts say government must do more to help statesThe U.S. set fresh records for one-day fatalities from the coronavirus-borne illness COVID-19 and number of patients hospitalized, as California became the second state after Colorado to find a case of the new COVID-19 variant that is racing across the U.K.
1:16 p.m. Dec. 30, 2020 - By Meera Jagannathan
Why it matters when stimulus money hits your account, and under a President Biden, expect more aggressive oversight of the student-loan industry Wednesday’s top personal finance stories Wednesday’s top personal finance storiesWednesday’s top personal finance stories
2:16 a.m. Dec. 30, 2020 - By Quentin Fottrell
‘They get free money’: People will receive more stimulus payments and unemployment insurance. Why is there no accountability? ‘I’ve heard of one case where a young adult purchased a ‘new’ used car with cash. Another one is approaching the $13,000 mark in savings from unemployment’‘I’ve heard of one case where a young adult purchased a ‘new’ used car with cash. Another one is approaching the $13,000 mark in savings from unemployment.’
6:42 a.m. Dec. 27, 2020 - By Quentin Fottrell
Will COVID-19 push more employees to work remotely after the pandemic? This economist says yes A new Vanguard study quantifies the future of remote work, and looks at the number of potential hybrid jobsA new Vanguard study quantifies the future of remote work, and looks at the number of potential hybrid jobs.
12:41 p.m. Dec. 23, 2020 - By Maury Peiperl
‘America First’ puts the U.S. economy at risk while China, Europe and the rest of the world power forward Here’s how the Biden administration can restore America’s standing as a trading partner and leaderHere’s how the Biden administration can restore America’s standing as a trading partner and leader.
11:58 a.m. Dec. 18, 2020 - By Elisabeth Buchwald
No matter what Congress does, 12 million jobless Americans will temporarily lose unemployment benefits and how to get your ‘Cyberpunk 2077’ refund Friday’s top personal finance stories Friday’s top personal finance stories Friday’s top personal finance stories
7:42 a.m. Dec. 17, 2020 - By Louis D’Anella
These are the last days of small government and investors need to prepare for ‘neofiscalism’ Government is going to take a bigger role in the economy and that will affect your investment decisionsGovernment is going to take a bigger role in the economy and that will affect your investment decisions.
1:19 p.m. Dec. 16, 2020 - By Elisabeth Buchwald
Remote learning is here to stay for many K-12 schools and America’s nurses share their hope and relief as first colleague gets COVID-19 vaccine Wednesday’s top personal finance stories Wednesday’s top personal finance stories Wednesday’s top personal finance stories
10:22 a.m. Dec. 10, 2020 - By Ciara Linnane
U.S. sets record one-day death toll from coronavirus as FDA committee meets to review Pfizer–BioNTech vaccine FDA head says initial assessment is ‘this is a vaccine that does meet our criteria. ... But we do want to hear from the vaccine advisory committee.’The U.S. set fresh records for single-day fatalities from the coronavirus illness COVID-19 and hospitalizations, as a U.S. regulatory advisory committee gathered to offer its verdict on the vaccine developed by Pfizer Inc. and its German partner BioNTech SE.
11:00 a.m. Dec. 4, 2020 - By Ciara Linnane
CDC forecasts up to 19,500 deaths from COVID-19 in week ending Dec. 26 ‘People were less willing to change their behavior than any other day during the pandemic,’ data analyst says of Thanksgiving DayThe U.S. set yet another record for new cases and fatalities in a single day from the coronavirus illness COVID-19 and the nation’s leading public health agency said there could be up to 19,500 deaths in the week ended Dec. 26.
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