Treasury yields are on a tear. The 10-year Treasury yield touched 1.18% on Tuesday, continuing its strong start to 2021 and hitting its highest levels since late March last year. However yields closed flat following ample demand in a $38 billion auction of new 10-year notes midday. “The move has been a pretty decent move […]
On Monday the Small Business Administration began accepting applications for new Paycheck Protection Program loans authorized in the stimulus package enacted last month. On the same day, the SBA’s inspector general announced that more than 57,000 potentially ineligible borrowers had wangled $3.6 billion from the program last year. The inspector general’s office reached that conclusion by comparing […]
American Indians and Alaskan Native people have felt the burden of the COVID-19 virus disproportionately. The incidence of infections in native populations is about 3.5 times that of white populations, and the mortality rate is nearly double. Now, a group of Native American tribes are claiming that Treasury Secretary Steven Mnuchin failed to swiftly distribute […]
American Indian and Alaska Native people have felt the burden of the COVID-19 virus disproportionately. The incidence of infection in Native populations is about 3.5 times that of white populations, and the mortality rate is nearly double. Now, a group of Native American tribes are claiming that Treasury Secretary Steven Mnuchin failed to swiftly distribute […]
The streak of seven consecutive months of job growth has come to an end, as the country netted 140,000 lost jobs in December. Those layoffs come at a time when more than 19 million Americans are still receiving unemployment benefits. The good news? Aid is on its way. The $900 billion stimulus package signed into […]
If you’ve been checking your bank account (or your mailbox) every day for your stimulus check to no avail, there’s a better way to see if your money is en route. The IRS has a portal called Get My Payment, which allows you to input your Social Security number, date of birth, and address, and […]
It’s round two. President Trump may be on the verge of a second impeachment a mere nine days before he’s set to leave office. But investors aren’t phased. “Long story short, I don’t think it means anything for stocks. I don’t really think investors care about it simply because Trump’s term is over in nine […]
The recovery of the U.S. economy is clearly in a precarious spot. The unemployment rate for December remained flat from November at 6.7%, and the economy lost 140,000 jobs for the month—the first monthly net loss since April. For economists like Moody’s Analytics’ Mark Zandi, “December was a bad month for a bad year,” he […]
In November, markets surged after Joe Biden emerged as the victor in an unprecedented presidential contest—even as Democrats didn’t gain as much ground in Congress as some had anticipated. Back then, market prognosticators were enthusiastic about the prospect of a split Congress (where Republicans maintained control of the Senate) because, historically, the stock market tends […]
The S&P 500 is still rallying. Despite an armed insurrection in Congress intended to disrupt the certification of the U.S. presidential election results, global markets are in the green on Thursday morning, as confidence that further economic stimulus is on its way appeared to overrule what many have called the most severe threat to American […]