Tax rate increase
President Joe Biden is preparing to propose next week an increase in the basic tax rate for millionaires, raising it from 20% to 39.6% to fund a new government programme, the American Family Plan, which cou...
Semiconductor industry
Semiconductor manufacturers in the US could receive tax breaks to boost production of chips for the automotive and other equipment industries. Intel is preparing to help supply chips to automakers.
A three...
Digital dollar
Jerome Powell thinks a digital dollar launch is possible, but a decision has not yet been made.
The Federal Reserve (Fed), which serves as the country's central bank, is studying the possibility of launc...
Lithium prices
The world's largest lithium suppliers, China's Ganfeng Lithium and US-based Albemarle, warn that lithium prices will continue to rise as the market becomes increasingly imbalanced between supply and demand.
The world's major lithium ...
Modernising US infrastructure
President Joe Biden is ready to make concessions to political opposition in the US Congress on his ambitious plan to modernise the nation's infrastructure in terms of its funding....
New chip plants in Arizona
Intel shares rose 3.7 percent after the company's new CEO announced plans to build two new plants for about $20 billion. Intel could expect success, given the global chip s...
Despite the fact that the one-year pandemic throughout the world and America, including, continues, according to a recent poll, Americans look to the future with great optimism and hope.
As more and more vaccines become available, this optimism also...
US inflation
The US Labor Department said on Wednesday that consumer prices in February rose at the fastest rate in six months. Economists forecast core inflation to reach 2.5 per cent in the spring, but said the increa...
Falling again
The Fed chairman did not express concern that Treasury yields are at their highest level since the start of the pandemic. Investors, in turn, are concerned about this Fed stance because of the risks of inflatio...
US indices fall
Technology stocks declined on Wednesday and the preceding days, while stocks in the financial, industrial and other sectors, which could rise after a pandemic, increased.
Major US stock indices fell sharply on Wednesday, continuing ...
Record rise since June
US stock indices jumped in trading on Monday, with the Standard Poor's 500 having its best session in about nine months amid a halt in rising government bond yields.
The Dow Jones Industrial Average rose 6...
COVID-19 bailout bill
The US House of Representatives has passed a $1.9 trillion pandemic aid bill put forward by Joe Biden's team. The bill is expected to be approved in the Senate thanks to 50 votes from Democrats. In ...
Immigrants in the U.S.
Faced with pressure from progressive supporters to deliver on immigration policy promises, the Biden administration is reportedly planning to buy plane tickets and take illegal immi...
U.S. government bonds
US ten-year government bond yields exceeded 1.37% p.a., reaching their highest level in a year. This was driven by investor fears of an acceleration in the pace of consumer price increases on the back of stronger economic activ...
Facebook ad blocking
A ban on political advertising imposed before the US presidential election hit paid posts raising awareness about COVID-19. Facebook acknowledged the problem and promised to restore&n...
U.S. stock indices
The US Treasury Secretary Janet Yellen, who called for additional stimulus measures, supported the shares of sectors, which are sensitive to the situation in the economy. Yellen spoke in support of the $1.9 trillion stimulus packa...
Electric cars
The US House of Representatives intends to restore incentives for buyers of electric cars, which could significantly boost sales of manufacturers such as Tesla, GM, Ford and others. The new bill requi...
Rising value of indices
The US stock market surged in trading on Friday, with the S&P 500 and Nasdaq indices reaching record highs. By the end of last week Dow Jones indicator rose by 3.9%, the highest since the week ended November 13, notes Mar...
Free help from the government
President Joe Biden has signed an executive order that seeks to overhaul legal immigration to the US that is dependent on social security.
Biden's order&...
U.S. indices
The main US stock indices retreated from Monday's session highs by the close, but the S&P and Nasdaq still ended at record levels. Concerns over the timing and size of the fiscal stimulus have dampened optimism at the start of a wee...
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