U.S. stocks on Monday head modestly lower in a week that will see the unofficial start of first-quarter earnings, headlined by some of the nation’s largest banks, including JPMorgan Chase & Co. and Goldman Sachs Group. See full story.
Powell says ‘it will be a while’ before Fed taps the brakes on economy
Fed Chairman Jerome Powell on Sunday said “it will be a while” before the conditions are in place for the central bank to tap the brakes to try to cool the economy off. See full story.
Biden’s infrastructure plan seeks to solve longstanding problem with the internet, but will face familiar opposition
Could President Biden’s proposed $2 trillion infrastructure plan do for the internet what it promises to do for the nation’s decaying bridges, roads, ports, airports, and transit systems? See full story.
Alibaba shares jump after record antitrust fine by China
Shares of Alibaba Group Holdings Ltd. surged more than 5% Monday in Hong Kong trading, after the e-commerce giant was fined a record $2.8 billion by China’s antitrust regulator. See full story.
Why this cannabis giant is betting on Europe to build a war chest ahead of the U.S. legalization bonanza
Cannabis deals in Europe will help pot giant Aphria build up a war chest ahead of an expected frenzy of M&A in the U.S., the company’s chair and chief executive told MarketWatch ahead of the group’s earnings on Monday. See full story.
Lumber prices are many times more expensive than they were a year ago, adding tens of thousands of dollars to the price of a newly-constructed home. See full story.