S&P 500 reaches new high, defying economic gloom
Benchmark index surpassed its previous record on February 19 amid expectations for an economic rebound in 2021.
Aimee Picchi is associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has been published by national news outlets including USA Today and Consumer Reports. Aimee frequently writes about retirement, and has been a National Press Foundation fellow for reporting on retirement and Columbia University's Age Boom Academy. She's also the editor of the Institutional Investor book "Cultivating the Affluent II," with noted wealth consultant Russ Alan Prince.
Benchmark index surpassed its previous record on February 19 amid expectations for an economic rebound in 2021.
The high-end gin company, co-owned by the "Deadpool" star, generated buzz after mocking a widely panned Peloton ad.
Goldman Sachs expects stocks to rise even farther, predicting an economic resurgence in 2021.
Tax agency is reopening a website for federal benefit recipients whose children didn't receive the relief money.
Appeals backlog means people can wait years for their cases to be heard. By then, it's often too late.
Even if states can provide the benefit, it could take several weeks for workers to receive it, experts say.
The suits come in response to Apple and Google blocking the game after Epic introduced a direct payment system for its users, effectively shutting out the tech titans from collecting fees.
Fewer than expected people filed for unemployment last week, though numbers remain far higher than before the pandemic.
Additional benefits could be exhausted within six weeks, while some workers could receive less than $400 per week.
Leaders at Amazon, JPMorgan Chase and other large employers vow to recruit more low-income and minority workers.
With no extension in sight, some 25 million unemployed workers will struggle to pay their rent or mortgage and other bills.
Federal funding will support vaccine development as well as manufacturing and delivery of 100 million doses.
Nearly 30 million people were sometimes or often unable to get enough to eat last week, Census survey shows.
The Republican stimulus proposal would provide similar amounts as the first round of checks, but cover more people.
Antitrust panel grills Amazon's Jeff Bezos, Apple's Tim Cook, Facebook's Mark Zuckerberg and Google's Sundar Pichai.