Yearly Archives: 2021

Maybe Biden should quit while he’s ahead

What if President Biden signed the big infrastructure bill Congress just passed … and then nothing much happened for the next 12 months? No more “build back better” legislation, no more Democratic infighting over social-welfare spending, no more kowtowing to Joe Manchin? If Biden’s sole focus were regaining his popularity and giving his party a fighting chance in next year’s midterm elections, he might just abandon the huge green-energy and social-welfare bill Democrats are still… Source link

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An $8,000 bet on shiba inu coin allowed a warehouse manager to retire after the meme coin’s stunning rally, report says

Shiba Inu dog. AP Photo/Shizuo Kambayashi A 35-year-old former supermarket warehouse manager who made an $8,000 bet on shiba inu at the start of the year is now enjoying his retirement thanks to the meme coin’s stunning rally. Rob, who is from northern England, told Fortune he dabbled in cryptocurrencies to supplement his $68,000 yearly salary so he could create a better life for his partner and their son. Unexpectedly, he came across shiba inu, which was founded in August 2020. And upon… Source link

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Biden administration just lifted a 19-month COVID-19 travel ban and this hotel is already seeing a major boost

The Biden administration lifting a COVID-19 related travel ban on international visitors on Monday is already proving to be a tailwind for hotelier Hyatt. “This is a momentous day. Reopening the borders for vaccinated travelers is a really great step to take forward and re-engage. The day the Nov. 8 date was announced, we saw an instant surge in bookings. By the way, this week was up 50% overnight in terms of bookings. It just demonstrates what we have seen in virtually every segment of our… Source link

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What is ‘transitory’ inflation: Yahoo U

For more business and finance explainers, check out our Yahoo U page. Everyone is using the t-word in describing the high inflation of the COVID-19 recovery period: transitory. Politicians are using it, academics are debating it, and companies are referencing it. The term has been most heavily used by the Federal Reserve, the economic steward that has tried to reassure Americans that the rapid pace of price increases will moderate in time. The question is: How long will it take? “The t-word, I… Source link

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Italy antitrust starts proceedings to fine Google over restrictive clauses

Google app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/File Photo MILAN, Nov 8 (Reuters) – Italy’s antitrust regulator has started proceedings to fine Google (GOOGL.O) for allegedly restrictive clauses in the terms of service consumers have to accept to use Google Drive. In a filing, the antitrust said the proceedings had to be wrapped up within 120 days. Google was not immediately available for a comment. Reporting by Stephen Jewkes Our Standards: The… Source link

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Stocks jump to new records at the open; Tesla weighed by Musk pledge

Stocks on Monday extended a record-setting streak of gains on Wall Street, opening at new highs as traders looked ahead to a slew of new inflation data and earnings results in the coming days. At the opening bell, the Dow, S&P 500 Index and Nasdaq all notched fresh highs, carried by last week’s momentum when all three major indexes jumped to their best levels ever. Optimism over a batch of strong corporate profit reports, a better-than-anticipated October jobs report and a Federal Reserve… Source link

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Democrats still batting around ideas for how to reinstate the contentious tax rule

In the negotiations over the Democrats’ social spending package, the fate of the State and Local Tax (SALT) cap has been one of the hardest to pin down. At some stages, the issue hasn’t been addressed at all. Other times, a full repeal has seemed to be on the table. What this controversial tax provision does is let certain taxpayers deduct their aggregated state and local taxes when it comes time to do their federal tax return. In 2017, Republicans capped the previously limitless deduction… Source link

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