5:23 a.m. Today5:23 a.m. May 18, 2021
Rep. Val Demings to challenge Marco Rubio for Senate seat in Florida: reportDemocratic Party rising star, a former police chief in Orlando, was shortlisted for vice presidency by Joe Biden last year
5:22 a.m. Today5:22 a.m. May 18, 2021
- By Rachel Koning Beals
Stop new oil and gas investment, energy watchdog says in tougher stance on emissionsThe world must stop investing in new oil and gas wells to hit ambitious climate goals by 2050, the International Energy Agency says.
5:22 a.m. Today5:22 a.m. May 18, 2021
Why Alibaba's Slumping Stock May Not Be a Bargain Yet
Alibaba's stock has lost more than 30% since last fall but bargain hunters may want to wait. The company is facing fierce competition in its core e-commerce business.
4:52 a.m. Today4:52 a.m. May 18, 2021
- By Robert Schroeder
Biden to plug his plan for electric vehicles in visit to Ford plantPresident Joe Biden is scheduled to visit a Ford Motor Co. plant in Michigan on Tuesday in a push for his electric-vehicle plan, as the White House and lawmakers continue to wrangle over an infrastructure deal.
4:21 a.m. Today4:21 a.m. May 18, 2021
The Meme Trade That Just Won’t Die
U.S. will share Covid vaccine doses abroad, Amazon mulling acquisition of MGM movie studio, Coinbase is issuing a convertible bond, and other news to start your day.
6:42 p.m. May 17, 2021
- By Andrew Keshner
Are you late filing your 2020 income taxes? Follow these steps to finally get them off your backThe IRS has received 126.7 million returns through early May, around 1% fewer than the same point last year.
6:17 p.m. May 17, 2021
- By Quentin Fottrell
‘Asians Americans feel as if they are under siege’: Nearly 80% of this community say they experience racism in the U.S. A new survey says 45% of Asian American adults have experienced an incident tied to their racial or ethnic background since the COVID-19 pandemic beganA new survey says 45% of Asian American adults have experienced an incident tied to their racial or ethnic background since the COVID-19 pandemic began.
2:33 p.m. May 17, 2021
EU, U.S. agree to temporarily suspend some tariffs in steel disputeThe European Union on Monday decided to temporarily suspend some measures at the heart of a steel tariff dispute with the United States that is seen as one of the major trade issues dividing the two sides.
2:21 p.m. May 17, 2021
- By Robert Schroeder
Biden earned $607,336 last year, tax returns showPresident Joe Biden and his wife, Jill Biden, had an adjusted gross income of $607,336 in 2020, and an effective tax rate of 25.9%, according to returns released by the White House on Monday.
2:04 p.m. May 17, 2021
Biden expresses 'support' for Gaza cease-fire in call with NetanyahuThe White House says President Joe Biden has expressed “support” for a cease-fire during a call to Israeli Prime Minister Benjamin Netanyahu.
12:45 p.m. May 17, 2021
Associate of Rep. Matt Gaetz pleads guilty to sex trafficking chargesA Florida politician who emerged as a central figure in the Justice Department’s sex trafficking investigation into Rep. Matt Gaetz pleaded guilty Monday to six federal charges and agreed to cooperate with prosecutors as part of a plea deal.
12:32 p.m. May 17, 2021
California will wait another month before easing mask requirementsCalifornia won’t lift its mask requirement until June 15 to give the public and businesses time to prepare and ensure cases stay low, state Health Director Dr. Mark Ghaly said Monday.
11:43 a.m. May 17, 2021
Gov. Cuomo to earn over $5 million from pandemic book dealNew York Gov. Andrew Cuomo disclosed Monday that he was paid a $3.1 million advance to write his COVID-19 leadership book last year and under his publishing contract will make another $2 million on the memoir over the next two years.
10:48 a.m. May 17, 2021
Arson suspect arrested in LA wildfire that forced 1,000 evacuationsAn arson suspect was arrested in connection with a Los Angeles wildfire that forced evacuations in canyons where thick vegetation hasn't burned in more than 60 years, authorities said Monday.
10:44 a.m. May 17, 2021
U.S. to Send 80M Covid Vaccine Doses Abroad
Here's what you need to know to navigate the markets today.
10:16 a.m. May 17, 2021
- By Victor Reklaitis
Biden sees U.S. as 'arsenal of vaccines' as he plans to send 20 million more doses overseasPresident Joe Biden on Monday borrows from Franklin D. Roosevelt's rhetoric as commander-in-chief during World War II, as his administration announces its plans to ship 20 million more COVID-19 vaccine doses to other countries.
9:39 a.m. May 17, 2021
Capital Pouring Into Sustainable Investments Is a Sign of Bigger Disruptions to Come
Amid all the buzz around big inflows, there are deeper, quieter transformations at work, writes Matt Christensen of Allianz Global Investors.
8:33 a.m. May 17, 2021
- By Victor Reklaitis
U.S. plans to send 20 million more COVID vaccine doses overseas: White HouseThe U.S. plans to send 20 million COVID-19 vaccine doses authorized for use in the U.S. to other countries battling the pandemic by the end of June, White House press secretary Jen Psaki said Monday, as she said President Joe Biden will be officially announcing that later in the day. Those doses from Pfizer , Moderna or Johnson & Johnson are in addition to sending 60 million doses from AstraZeneca , she said.
8:08 a.m. May 17, 2021
In South Carolina, death row inmates must now choose between the electric chair and a firing squadSouth Carolina Gov. Henry McMaster has signed into law a bill that forces death row inmates for now to choose between the electric chair or a newly formed firing squad in hopes the state can restart executions after an involuntary 10-year pause.
7:46 a.m. May 17, 2021
Supreme Court to weigh major rollback of abortion rightsThe Supreme Court agreed Monday to consider a major rollback of abortion rights, saying it will decide whether states can ban abortions before a fetus can survive outside the womb.
7:30 a.m. May 17, 2021
- By Greg Robb
Clarida says economy hasn't made the progress needed for Fed to scale back asset purchasesFederal Reserve Vice Chairman Richard Clarida says the economy has not made the progress needed to allow the central bank to taper asset purchases.
6:18 a.m. May 17, 2021
- By Greg Robb
New York factory activity stays strong in May as prices keep rising
After hitting its highest level in more than three years in April, the Empire State Manufacturing Index fell only slightly to a reading of 24.3 in May, the New York Fed said Monday.
6:01 a.m. May 17, 2021
- By Andrea Riquier
This chart shows why we need 'infrastructure week' so badlyState and local governments put off capital spending after the 2008 Great Recession, amassing a decade's worth of backlogs.
5:33 a.m. May 17, 2021
- By Greg Robb
Fed's Bostic isn't rattled by higher inflation data, backs continued easy policyAtlanta Fed President Raphael Bostic on Monday said it will take a "couple of months" to understand the inflation dynamics as the economy reopens. He backs the continuation of the central bank's easy-policy stance.
4:58 a.m. May 17, 2021
- By Mojtaba Sadegh
Drought-stricken western states face a water crisis and another dangerous fire seasonA sign of climate change: Giant Lake Mead is on pace to fall to levels in June that could trigger the first federal water shortage declaration, with water use restrictions across the region.
4:21 a.m. May 17, 2021
Why Bitcoin Won’t Stop Dropping
AT&T to merge media assets with Discovery, businesses and states vary on dropping mask requirements, Amazon union vote in spotlight, and other news to start your day.
7:58 p.m. May 16, 2021
Israeli airstrikes kill dozens in Gaza; Netanyahu says no letup in sight Israeli warplanes unleashed a series of heavy airstrikes at several locations of Gaza City early Monday, hours after Israeli Prime Minister Benjamin Netanyahu signaled the fourth war with Gaza's Hamas rulers would rage on.
2:45 p.m. May 16, 2021
Growing call for Israel-Gaza cease-fire, greater U.S. effortsThe U.N. Security Council and Muslim nations convened emergency meetings Sunday to demand a stop to civilian bloodshed as Israeli warplanes carried out the deadliest single attacks in nearly a week of unrelenting Hamas rocket barrages and Israeli airstrikes.
12:46 p.m. May 16, 2021
Taxes and Remote Work: What You Need to Know on Filing for 2020
Taxpayers who worked remotely in a state other than their employer’s during the pandemic are facing a complicated tax-filing season that for many includes an unwelcome revelation: having to pay taxes to two states on the same income.
12:34 p.m. May 16, 2021
AP’s top editor calls for probe into Israeli airstrike on its Gaza officesThe Associated Press’ top editor on Sunday called for an independent investigation into the Israeli airstrike that targeted and destroyed a Gaza City building housing the AP, broadcaster Al-Jazeera and other media, saying the public deserves to know the facts.
12:24 p.m. May 16, 2021
CDC chief says mask turnaround based solely on science, not political pressureThe head of the Centers for Disease Control and Prevention on Sunday defended the decision to ease mask-wearing guidance for fully vaccinated people, stressing that increasing political pressure had nothing to do with the abrupt shift in guidelines.
12:19 p.m. May 16, 2021
Fauci says pandemic has exposed 'undeniable effects of racism'The immunologist who leads the COVID-19 response in the United States said Sunday that “the undeniable effects of racism” have led to unacceptable health disparities that especially hurt African Americans, Hispanics and Native Americans during the pandemic.
12:07 p.m. May 16, 2021
Here’s What Could Stop Inflation in Its Tracks
The inflation worries that have lifted bond yields will limit the upside for risky assets, such as stocks. That, in turn, will weigh on prices of economically sensitive commodities.
12:47 p.m. May 15, 2021
Israel strike in Gaza destroys building with AP, other mediaAn Israeli airstrike destroyed a high-rise building in Gaza City that housed offices of The Associated Press and other media outlets on Saturday, the latest step by the military to silence reporting from the territory amid its battle with the militant group Hamas.
12:15 p.m. May 15, 2021
- By Joseph Semprevivo
I own a small business --- this is what a $15 minimum wage means for meOne full-time job opening in Florida paying $15 and no takers.
10:41 a.m. May 15, 2021
Cash windfall helps Newsom shake California recall electionA fading coronavirus crisis and an astounding windfall of tax dollars have reshuffled California's emerging recall election, allowing Democratic Gov. Gavin Newsom to talk about an end to most COVID-19 restrictions and propose billions in new spending as he looks to fend off Republicans who depict him as a foppish failure.
8:24 a.m. May 15, 2021
- By Patricia M. Anderson
How to fix the unemployment system to time extra benefits so they are just the right size to help workers and the economyU.S. should adopt a two-tier system to increase benefit amounts early in downturns, and to extend benefit periods later on
8:21 a.m. May 15, 2021
- By Chris Matthews
Fed needs to 'wake up' to the need for a digital dollar, says former CFTC head GiancarloPolicymakers in Washington are engaged in a fierce debate over infrastructure investment, what should count as infrastructure and how much should be spent to improve it.
Ask Christopher Giancarlo, former chairman of the Commodity Futures Trading Commission, and he'll tell you that missing from that debate is a discussion of our aging financial infrastructure.
7:17 a.m. May 15, 2021
- By Elisabeth Buchwald
Some states are cutting unemployment payments to push people back to work --- are extra benefits really keeping Americans out of the labor force?'The disappointing jobs report makes it clear that paying people not to work is dampening what should be a stronger jobs market,' the U.S. Chamber of Commerce said.
6:00 a.m. May 15, 2021
- By Silvia Ascarelli
We want to retire in a place with a low cost of living, no humidity and no colder than 50 degrees --- I freeze easily! Where should we go?The house budget is broad: $250,000 to $450,000.