Renter advocacy groups have pressured the administration of President Joe Biden to extend the CDC eviction ban for at least another month. Carlos Barria | Reuters Struggling renters will likely have a little more time before they have to worry about eviction. The Centers for Disease Control and Prevention is expected to extend the national
Director of the Federal Housing Finance Agency Mark Calabria testifies on Capitol Hill during a committee hearing on “Housing Finance Reform: Next Steps” in Washington, DC, September 10, 2019. Jim Watson | AFP | Getty Images The Biden administration will replace the leader of a massive U.S. housing finance agency following the Supreme Court’s ruling
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Artificial intelligence will create $50 trillion in economic value this decade as it transforms the world.
Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. Dado Ruvic | Reuters A group of CDC scientists said Wednesday that there isn’t enough data to support recommending Covid-19 booster shots to the general population — at this time — but more vulnerable people
Traders on the floor of the New York Stock Exchange. Source: NYSE Stock futures opened flat in overnight trading after the market’s comeback rally hit a speedbump on Wednesday. Futures on the Dow Jones Industrial Average added 29 points, or 0.07%. S&P 500 futures ticked 0.07% higher and Nasdaq 100 futures edged up 0.09%. The
CNBC’s Jim Cramer on Wednesday called on billionaires in the U.S. to more vocally support reforms to the nation’s tax code, in attempt to stave off more-liberal legislative proposals from politicians in Washington. “This administration doesn’t like you, so come up with something proactively that makes it so you are not being taxed in the way [Sen.]
FREDERIC J. BROWN | AFP | Getty Images Job hunting has been muted in 12 states that opted out of federal unemployment programs in recent weeks, suggesting the policy may not be working as planned, according to a new analysis. The states have ended the pandemic-era benefits — including an extra $300 a week —
The Anthem music venue in Washington, D.C. pleading with the Small Business Administration to release aid for shuttered independent venues. CNBC The Small Business Administration plans to process most of the aid applications from its Shutter Venue Operators Grant (SVOG) program by early July, Sen. Bill Hagerty, R-Tenn., said Wednesday. More than 14,000 small businesses
The Federal Reserve doesn’t need to try to cool down the hot U.S. housing market with higher rates, even as home prices keep rising, CNBC’s Jim Cramer said Wednesday. “I don’t want to repeat the mistakes that led to the financial crisis,” the “Mad Money” host said. “Unlike the lead-up to the great recession, homebuyers
The short-term bottom for next generation enterprises is in, and high multiple equities are coming back into investors’ favor
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The Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia. Tami Chappell | Reuters There have been more than 1,200 cases of a rare heart inflammation condition in people who received Pfizer‘s or Moderna’s Covid-19 vaccine, according to a CDC presentation slide published Wednesday ahead of an advisory meeting. The CDC’s Advisory Committee
Gary Gensler Andrew Harrer | Bloomberg | Getty Images Securities and Exchange Commission Chairman Gary Gensler is fleshing out his thoughts on climate risk and human capital disclosure. The SEC recently concluded a public comment period on expanding corporate climate disclosures. It has also launched a climate and ESG enforcement task force. In a speech
The racial wealth divide between white and Black families in the U.S. is more of a chasm than a gap. In 2019, the median household wealth for white families was nearly $190,000, almost eight times higher than that of Black households, according to Federal Reserve data. “Baby bonds” are one proposal to help close the
As the economy quickly picks up steam in the wake of the Covid pandemic, some amount of inflation is inevitable. On Tuesday, Federal Reserve Chairman Jerome Powell said price pressures have increased “notably” but could fade over time. The May consumer price index jumped 5% from a year earlier, according to a report by the Labor Department, the
Whether you’re a self-appointed connoisseur or an occasional sipper of chardonnay, you may not have thought about the taxes that go into your wine purchase. But now you can quench your newfound thirst for excise tax info with this week’s map, which compares wine taxes among the 50 states, expressed in dollars per gallon. States tend to
A home for sale is seen in Santa Monica, California. Lucy Nicholson | Reuters Mortgage rates rose last week, along with demand for refinances. That may sound counterintuitive, but it speaks to the larger picture of where mortgage rates are heading. Applications to refinance a home loan rose 3% last week from the previous week,
In this article POSH ThredUp is an online consignment and thrift store. It has struck partnerships with retailers, including Walmart. ThredUP Secondhand apparel has gained popularity among shoppers and now, some want the government to give it a boost. Nearly half of consumers — 44% — think the government should promote a more sustainable approach
Federal Reserve Chairman Jerome Powell acknowledged Tuesday that some inflation pressures are stronger and more persistent than he had anticipated, though still not on par with some of the worst episodes the U.S. has seen historically. Under questioning from a special House panel, the central bank leader continued to attribute most of the recent inflation