The president’s plans to invest in infrastructure, education, health care and more would push federal spending to its highest sustained levels since World War II.
President Joe Biden will unveil a federal budget totaling $6 trillion, according to documents seen by the New York Times. The splurge will further raise the US’ national debt and accelerate inflation.
US equity futures rose on Wednesday, rebounding from a modest dip the day before as more central-bank officials joined the chorus predicting that inflationary pressures are transitory, while a recent dip in bond yields supported Nasdaq futures climb for a third straight session.
Bernard Arnault, owner of the European luxury group LVMH, which is home to top global brands Louis Vuitton, Moët, Hennessy, Fendi, Christian Dior and Givenchy, has become the world's richest person with an estimated net worth of $186.3 billion, Forbes reported on Monday.
The US oil and gas infrastructure crisis appears to be worse than originally thought, with the impact of the Texas storm earlier this year highlighting major problems.
Want to know where the crypto market goes from here? Barry Silbert, a power player in the digital-asset sector, says that investors ought to look no further than the stock market, in a Sunday-night tweet amid a downturn in digital assets.
Toward the end of Q1, Goldman Sachs along with virtually every other major bank, predicted that oil had nowhere else to go but up, with bank after bank hiking their oil forecast.
