What would it take for the Fed to reverse course and pull back from its easy policy stance? The answer: If Americans start to believe higher inflation is here to stay and spend like there was no tomorrow. See full story.
Biden may propose $1 trillion in new taxes, says a former aide — and here’s how Congress will react
The White House will propose $1 trillion worth of new taxes, according to Sarah Bianchi, head of U.S. public policy and political strategy at Evercore ISI and the former director of economic and domestic policy for then Vice President Joe Biden. See full story.
Five sturdy value stocks to protect your portfolio from rising interest rates
Johnson & Johnson, General Motors and three other companies have high intrinsic value and catalysts that bode well for a post-pandemic world. See full story.
Trump says he recommends COVID-19 vaccine: ‘It’s a great vaccine and it’s a safe vaccine’
Former President Donald Trump on Tuesday recommended the COVID-19 vaccine to his supporters, amid concerning recent polls showing Republicans are less likely to get vaccinated. See full story.
Uber to label U.K. drivers as workers, provide minimum wage, holiday pay and pensions
Uber Technologies Inc. will classify tens of thousands of drivers in the United Kingdom as workers starting Wednesday, meaning they are still not considered employees but will be entitled to a minimum wage, holiday pay and possibly pensions, the company said Tuesday. See full story.
Housing starts saw a double-digit decrease in February thanks to a spate of winter storms nationwide. See full story.