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Biden’s budget pushes to renew bigger child tax credit payments for families

President Biden wants larger child tax credits for parents as part of the pro family policies in his budget. But getting Congressional approval won’t be easy.

Published 10 March 2023
Categorised as Finance News

Wage growth is cooling — but workers still have bargaining power, economists say

The Federal Reserve is trying to rein in historically high wage growth to tame inflation. Overall, the job market remains hot for workers, economists said.

Published 10 March 2023
Categorised as Finance News

Wage growth is cooling — but workers still have bargaining power, economists say

The Federal Reserve is trying to rein in historically high wage growth to tame inflation. Overall, the job market remains hot for workers, economists said.

Published 10 March 2023
Categorised as Finance News

Just like that: Market pricing swings back to quarter-point Fed rate hike

One bank implosion and a cooperative jobs report later, and the market has changed its mind.

Published 10 March 2023
Categorised as Finance News

Stocks making the biggest moves midday: Signature Bank, First Republic, Oracle and more

Regional banks led Friday’s losses amid the Silicon Valley Bank shutdown.

Published 10 March 2023
Categorised as Finance News

Fintech startup Brex got billions of dollars in Silicon Valley Bank deposits Thursday, source says

Companies including JPMorgan Chase, Morgan Stanley and First Republic have also seen heightened inflows Thursday as SVB’s stock tanked.

Published 10 March 2023
Categorised as Finance News

Unemployment for Black and Hispanic women rose in February, but more workers join the labor force

Black women saw their unemployment rate jump to 5.1% from 4.7%. Among Hispanic women, it jumped to 4.8% from 4.4%.

Published 10 March 2023
Categorised as Finance News

Families get these 3 things wrong about estate planning, advisor says

Many clients think estate planning is “only for rich people,” among other misconceptions, said Lee Baker, a certified financial planner based in Atlanta.

Published 10 March 2023
Categorised as Finance News

Here’s where the jobs are for February 2023 — in one chart

The leisure and hospitality sector added 105,000 jobs last month, according to the Labor Department, accounting for roughly a third of the total jobs gain.

Published 10 March 2023
Categorised as Finance News

Venture capitalists urge startups to withdraw funds from crisis-laden Silicon Valley Bank

VC firms are urging their portfolio companies to move money out of embattled lender Silicon Valley Bank, fueling fears of a run on the tech-focused bank.

Published 10 March 2023
Categorised as Finance News

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