Trending

FinanceTrending

S&P 500, Dow Soar as Retail Booms

After a year like 2020, in which nearly all stocks reached previously unprecedented lows, many investors could not flip their calendars fast enough come January 1st. While changing dates did not necessarily change stock prices or the severity of the pandemic, fortunately, many stocks have rebounded in a big way in the second quarter of 2021. That trend continued this past week, as the S&P 500 and Dow Jones Industrial Average continued their relentless uphill climb amidst a country undergoing large-scale economic recovery.

Read More
TrendingUncategorized

J&J Asks Other Companies to Join Investigation of Blood Clotting After COVID-19 Vaccination

Recently, federal healthcare agencies have advised Johnson & Johnson to cease administering their COVID-19 vaccine temporarily. According to Reuters, this advice was given after six women under fifty developed blood clotting following the shot. Business Insider reports that the women were between the ages of eighteen and forty-eight and now suffer from a blood clot in the brain called central venous sinus thrombosis (CVST). Overall, 6.8 million Americans have had the J&J vaccine.

Read More
FinanceTrending

The Real Estate Market Continues to Thrive Fueled by an Ongoing Demand for New Homes

The past year has seen a real estate boom despite several areas of the economy still struggling due to the pandemic. CBS News reports that home prices grew 15 percent by the end of 2020 compared to the year prior. According to Realtor.com, home prices have risen 14.3 percent since the onset of the pandemic, there are 50 percent fewer homes on the market, and new listings are 27 percent lower than expected for March 2021.

Read More
FinanceTrending

U.S. Economy Makes Progress Amid COVID-19 Pandemic, Adding 916,000 Jobs in March

In response to COVID-19, the United States had to implement measures to slow the spread of the virus such as social distancing and a partial economic shutdown, actions which have had a major impact on the U.S. economy, including people’s livelihoods and jobs. The immediate effects that the pandemic has had on the U.S. labor market have been evident in both the unemployment rate and payroll employment numbers. In the early months of the pandemic, the unemployment rate soared, peaking at 14.7% in April 2020, the highest point since the Great Depression. More than 20 million jobs were lost in April as well, which was a record number of jobs lost in a period of one month.

Read More
FinanceTrending

President Biden Proposes Raising the Corporate Tax Rate to 28%

To fund his $2 trillion infrastructure plan, President Joe Biden has proposed to raise the corporate tax to 28%. According to the New York Times, corporations will be required to pay fifteen years of taxes at the 28% rate. This is an increase from President Trump’s previous tax cuts, which decreased the corporate tax from 35% to 21%. Not all companies will be taxed the same amount, however.

Read More

Pin It on Pinterest