Cryptocurrencies are in for another volatile week. The price of bitcoin swung below the psychologically important $30,000 mark and briefly went negative for the year on Tuesday before mounting a significant rebound, the latest in a series of wild moves this month. Other major digital currencies including ethereum and litecoin […]
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Stock index futures are little changed after Nasdaq closes at record
U.S. stock index futures were little changed during overnight trading on Tuesday, after the S&P 500 closed just shy of a new record. Futures contracts tied to the Dow Jones Industrial Average advanced 28 points. S&P 500 futures were flat, while Nasdaq 100 futures gained 0.07%. All three major averages […]
Connecticut state Sen. Alex Kasser resigns, blames bitter divorce battle waged by Morgan Stanley executive husband
Connecticut state Sen. Alex Kasser announced Tuesday she is resigning, saying her ability to do her job has been harmed by a bitter divorce battle being waged by her husband, Seth Bergstein, a top Morgan Stanley executive. In her resignation statement posted on Medium, the Democrat from Greenwich wrote: “Seth […]
Teamsters to vote Thursday on sweeping push to unionize Amazon workers
Getty Images One of the largest labor unions in the U.S. will vote Thursday on a sweeping plan to organize Amazon warehouse workers and drivers. The International Brotherhood of Teamsters is gathering this week for its annual convention and will vote on a resolution that aims to make supporting Amazon […]
Here are 3 budget strategies this couple used to pay off their $195,000 mortgage in under 4 years
Taking 30 years to pay back a loan can feel like a lifetime. Andy and Nicole Hill were worried that being tied to a mortgage payment would stop them from taking career risks, so the couple came to an agreement: They would pay the house off in under five years. […]
Fed Chair Powell says it’s ‘very, very unlikely’ the U.S. will see 1970s-style inflation
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 […]
Google, Amazon accuse lawmakers of harming small businesses as Big Tech antitrust bills move through Congress
Tech giants that could be broken up under a series of new antitrust bills are speaking out against the measures as lawmakers are set to debate them on Wednesday. Amazon and Google released statements on Tuesday opposing the bills. Apple and Facebook, which were also targets of the House Judiciary […]
S&P 500 jumps for a second day, Nasdaq hits all-time high amid bitcoin’s comeback
The S&P 500 ended Tuesday just short of a new closing record, while the tech-heavy Nasdaq Composite climbed to an all-time high as bitcoin staged an intraday comeback. The blue-chip Dow Jones Industrial Average gained 68.61 points to 33,945.58 after posting its best day since March on Monday. The S&P […]
Bitcoin drop below $30,000 sparks fears of another crypto winter — here’s why bulls aren’t worried
A customer uses a bitcoin automated teller machine (ATM) in a kiosk Barcelona, Spain, on Tuesday, Feb. 23, 2021. Angel Garcia | Bloomberg | Getty Images Bitcoin’s brief drop below the symbolic price threshold of $30,000 on Tuesday has reignited talk of a crypto winter. It doesn’t help that other […]
Families can now opt out of advance monthly child tax credit payments starting July 15
kate_sept2004 | E+ | Getty Images The IRS on Tuesday started an online tool that will allow families to tell the agency they don’t want to receive advance monthly payments from the enhanced child tax credit, scheduled to start next month. Using the new Child Tax Credit Update Portal, families […]