Democrats unveil an ultramillionaire tax on the top 0.05% of American households (SPY -0.4%). Biggest midday movers: Rocket Mortgage, Novavax, TripAdvisor.
Here is the current market situation from CNN Money
North and South American markets are mixed. The IPC is higher by 1.65%, while the Bovespa is leading the S&P 500 lower. They are down 1.41% and 0.39% respectively.
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Can Peru s Oil Industry Recover From A Disastrous 2020? Perus oil industry is in crisis, with 2020 being one of its worst years on record. It was a year marred by the harsh fallout from the COVID-19 pandemic, violent protests, and political instability. By November 2020, Perus peak industry body; the National Society of Mining, Petroleum, and Energy, had released a statement (Spanish) claiming the national petroleum industry was in crisis. In that statement, the group pushed for the national government of Lima to resolve the many crises whi
The US Supreme Court on Tuesday will hear arguments in two Republican-backed vote integrity laws in an Arizona case which could affect how the nation s lower courts resolve election disputes over ballot harvesting and casting ballots in the wrong precincts.
The case, for which virtual oral arguments will begin on Tuesday, will be a test of the Voting Rights Act - which the Supreme Court significantly pared back in 2013, according to NBC News.
Two Arizona laws are at issue in the virtual oral arguments before the justices. One requires election officials to reject ballots cast in the wrong precincts. The other concerns voting by mail and provides that only the voter, a family member or a caregiver can collect and deliver a completed ballot. -NBC News
5 things to know before the stock market opens Monday U.S. stock futures started the new month moving sharply higher Monday, trying to put a dent in the late February decline.
Amazon workers in a warehouse in Alabama have received new support to unionize on Sunday, that is, from President Biden, saying workers should be able to make their own choice about unionizing, free from corporate pressure, according to Bloomberg.Â
Jennifer Epstein, White House reporter at Bloomberg, said the Biden administration released a new direct-to-camera video featuring Biden who weighed in on the push for Amazon warehouse employees at the Bessemer, Alabama, Amazon Fulfillment Center, to unionize. He told workers to make their voices heard, saying it s up to them to unionize.Â
Less than a month ago, Lex Greensill was heralded as the king of supply-chain finance .
London-based Greensill Capital was heralded for apparently revamping the humdrum business of supply-chain finance, a kind of lending that speeds up payments between companies. Bloomberg reported in early Feb that the 44-year-old financier says the firm provided $150 billion to businesses and customers in 175 countries last year.
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Senate Democrats are ditching a proposal to use tax code to penalize corporations which don t raise the minimum wage for their lowest paid workers, according to Bloomberg. According to two anonymous sources, the move comes after Democrats were left seeking alternatives after the Senate parliamentarian nixed raising the federal minimum wage to $15 an hour as part of the $1.9 trillion pandemic relief package.
Oil rig count inches higher as prices drop, WTI crude settles down at 61.65. DOW closes down about 1.5% to wrap up turbulent week and month amid rising yields.
The Market in Perspective
Here are the headlines moving the markets.
India s Largest Refiner To Invest $4.5 Billion To Boost Capacity Indian Oil Corporation (IOC), the countrys biggest refiner and fuel retailer, plans to invest US$4.46 billion (329.46 billion Indian rupees) to expand the processing capacity of its Panipat refinery by two-thirds to 500,000 bpd within three years. The refinery expansion project is set to boost petrochemicals production at the site, as well as specialty products that would contribute to de-risking the conventional fuel business of the company, Reuters quoted IOC as saying in a statement on Friday. Petrochemicals are expected