New York A Step Closer To Legalizing Recreational Marijuana
Recreational marijuana is a step closer to being legalized in New York after officials reached an agreement on special taxes, according to Bloomberg. Senate Finance Committee Chair Liz Krueger said...
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Business Expansion In U.K. Posts Seven-Month High In March
Business activity expansion across the private sector in the United Kingdom rose to seven-month high in March, according to data compiled by IHS Markit and CIPS. The headline seasonally adjusted...
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China’s Biggest Chipmaker To Build $2.35 Billion Factory With State Funding
China's biggest chipmaker Semiconductor Manufacturing International Corp. (SMIC) is building a $2.35 billion factory with government funding, according to CNBC. The factory will be put up in Shenzhen, and will...
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U.S. Looking to Spend $3 Trillion For Long-Term Economic Program
The United States government is now considering a $3-trillion economic program to be presented to President Joe Biden this week, according to Bloomberg. The economic plan includes some $400 billion...
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U.S. To Release Second Batch Of $1,400 Stimulus Checks Wednesday
The second batch of $1,400 stimulus checks in the United States is set to be released to the public on Wednesday, March 24, according to CNBC. The Treasury Department, IRS,...
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Global Stocks Lack Signs of a Risky Bubble-Goldman
Goldman Sachs strategists do not find global stocks having the characteristics of a dangerous bubble despite hitting record highs, according to Bloomberg. Typical signs of systemic risk such as increased...
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Dow Plunges More than 300 Points after a Fed’s Capital Decision on Banks. Bonds Rise
U.S stocks plunged on Friday after the Federal Reserve decided against extending a pandemic-era capital break for banks. Dow Jones Industrial Average shed 340 points in a session that also...
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AI to Create Enough Wealth to Pay $13,500 a Year to Each American Adult-Sam Altman
OpenAI co-founder and President Sam Altman expects artificial intelligence to generate so much wealth to pay each American adult $13,500 a year. Altman expects the development to occur as soon...
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Morgan Stanley’s Clients to Access Bitcoin Funds
Morgan Stanley, the major investment bank with $4 trillion in client assets, will enable its wealthiest clients to own Bitcoin via three different funds, two of them being Galaxy Digital,...
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Robinhood Entices Traders with Cash Rewards on Deposits amid Stimmy Payouts
Robinhood trading platform is offering users credits ranging from $10 for a $200 deposit to $250 for a deposit of at least $15,000, according to Bloomberg. To be eligible to...
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Survey: Americans Could Spend Almost 10% of the $380B Checks in Bitcoin and Stocks
A new survey by Mizuho Securities estimates that 10% or nearly $40 billion of the $380 billion in direct stimulus checks may be used to buy bitcoin and stocks. The...
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Biden Plans First Major Tax Hike in Almost 30 Years
President Joe Biden plans the first major federal tax hike since 1993, according to Bloomberg. The hike will pay for the long-term economic program designed as a follow-up to his...
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