Optimism about the end of the pandemic and support from governments and central banks have rescued the Trump stock market. Now, investors will see if those gains can hold under Joe Biden, who will be sworn in as the 46th president of the United States on Wednesday. A look back: Shares shot up after Trump’s…… MORE
The most expensive provision in Joe Biden’s $1.9 trillion economic recovery plan is his proposal to send an additional $1,400 to most Americans. According to many economists, that’s the least effective way to help revive the economy. The added stimulus is born out of widespread support among Congressional Democrats, and many Republicans, including outgoing President…… MORE
Joe Biden will be sworn in as president at noon Wednesday. During his campaign, he made sweeping promises to restore the economy and speed up the recovery from the pandemic. Here are some of the policies he plans to institute to get Americans back to work, boost the number of jobs, increase racial equity and…… MORE
Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Today in business news: Stocks are having a post-election rager, Janet Yellen testifies on Capitol Hill, and Bed Bath & Beyond drops MyPillow. Let’s get into it. THE BIDEN BUMP It’s…… MORE
At least six major news networks have assigned women to lead White House coverage of the Biden administration, raising the profile of female journalists in an institution long dominated by men. CNN named Kaitlan Collins its chief White House correspondent, replacing Jim Acosta, who will be the anchor and chief domestic correspondent for the network.…… MORE
Netflix — which was founded in 1997 as a rental company that sent you DVDs in the mail — crossed a major milestone on Tuesday, further solidifying itself as one of the most influential companies in Hollywood. The streaming service said it now has more than 200 million subscribers globally, after adding 8.5 million subscribers…… MORE
Bed Bath & Beyond has stopped selling MyPillow products following CEO Mike Lindell’s support of the January 6 insurrection and his continued false statements questioning the validity of the US presidential election. The retailer said in a statement Tuesday that it’s discontinuing the sales of a “number of underperforming items and brands,” which includes MyPillow.…… MORE
Stocks have gained about 13% since Election Day as of Tuesday, a day before Joe Biden’s inauguration — marking the the best post-election market performance for a new president in modern history, according to CFRA Research. The second-biggest surge was from late 1960 to early 1961, when John F. Kennedy defeated Richard Nixon, and the…… MORE
A growing number of large US chains are offering their workers incentives to get Covid-19 vaccines. Grocery chain Aldi said Tuesday that it will provide its hourly workers with two hours of pay for each vaccine dose they receive, giving workers up to four hours total of paid time off. Aldi also said it will…… MORE
Walmart CEO Doug McMillon lamented Tuesday that the baseless claims of a stolen election pushed by President Donald Trump and his allies have further inflamed America at a time of peril. “We all find ourselves in the midst of concurrent health, economic and racial equity crises as well as facing the reality of an electorate…… MORE
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