It’s not just the expanded Child Tax Credit. The end of the extra $1,600 for parents (or $1,000 depending on the child’s age) is just one of a series of COVID relief provisions set to expire this week. The expanded Child Tax Credit was implemented for one year as part of President Joe Biden’s American Rescue Plan, though many Democrats want to make it permanent. They plan to revisit the issue in the new year as part of the Build Back Better act, stalled after key moderate Sen. Joe Manchin… Source link
Read More »Wall Street aims to build on gains as COVID-era benefits expire
Stocks dipped in early trading on Tuesday, with Wall Street indices hovering close to last week’s record highs, with analysts closely watching the end of pandemic-era jobless benefits and its impact on the labor market as the COVID-19 pandemic clouds the outlook. Last week, the S&P 500 Index set an all-time high, and the Nasdaq Composite briefly hitting an intraday record, despite August’s jobs data falling far short of market expectations. While payrolls showed the economy creating a… Source link
Read More »Fed, Treasury Secretary Mnuchin at odds over letting emergency lending programs expire
TipRanks Shift Into 5G Could Fuel a Rally in These 3 Stocks The tech world is in the midst of a shake-up. Since the end of 2017, the new 5G wireless technology has been moving forward, bringing with it a combination of faster connection speeds and lower latency, and the promise of great changes in how we connect to the online world. New technologies – connected automobiles and agile IoT come to mind – would not be possible without 5G.Investment research firm HSBC Global, in a recent report… Source link
Read More »