Cavan Images | Cavan | Getty ImagesPresident Joe Biden has floated plans to address the country's affordable housing issues, including new tax breaks for first-time homebuyers and "starter home" sellers. However, experts have mixed opinions on the proposals."I know the cost of housing is so important to you," Biden said...
Year: 2024
China is making it much easier for foreigners to use mobile pay
Scanning QR codes with a mobile pay app has become the most common way to pay in mainland China.Bloomberg | Bloomberg | Getty ImagesBEIJING — Foreign visitors to China can now spend up to $2,000 a year using the mobile app Alipay without having to register their ID, the app...
Bitcoin tops $68,000 as it nears 2021 all-time high
Omar Marques | Lightrocket | Getty ImagesBitcoin jumped to start the week, edging even closer to its all-time high after the rally took a breather over the weekend.The flagship cryptocurrency was last higher by 9% at $68,635.20, according to Coin Metrics. At one point, it rose to as much as...
Jobs report Friday is expected to show a slowing but still healthy labor market
A workers stocks the shelves in a CVS pharmacy store on February 07, 2024 in Miami, Florida. Joe Raedle | Getty ImagesJob growth in the U.S. likely decelerated in February while still a long way from stall speed as companies continue to keep up demand for workers.When the Labor Department releases...
Why private equity has been involved in every recent bank deal
Federal Reserve Chair Jerome Powell fist-bumps former Treasury Secretary Steven Mnuchin after a House Financial Services Committee hearing on "Oversight of the Treasury Department's and Federal Reserve's Pandemic Response" in the Rayburn House Office Building in Washington, D.C., on Dec. 2, 2020.Greg Nash | ReutersThe $1 billion-plus injection that New...