Business Gist Today

Thursday, 7 January 2021

Posted by Unknown - 05:55

The Daily Money: Senate wins can help Biden cut taxes and more

ALL THE MONEY NEWS YOU NEED TO KNOW

Thursday, January 7

It's Thursday, the morning after a historic day for the U.S. Let's check out today's headlines in Money and Tech.

Yesterday, Congress affirmed President-elect Joe Biden's election victory following a violent day during which a mob stormed the Capitol to disrupt the proceedings. Meanwhile, Democrats won both seats in the critical Georgia runoff elections, securing control of the Senate. Here's what that means for your finances:

•	Expect Biden to cut taxes and boost health care.
•	The President-elect may be able to push forth policies aimed at reshaping the workforce, including raising the minimum wage.
•	The Senate wins will give Biden's economic plan a modest boost.

In other news, new car prices are going up. The average price of a new vehicle has topped $40,000, while the average amount consumers borrow to buy a vehicle is approaching a record high.

Finally, it's no corn popper, but Fisher-Price is releasing a line of toys inspired by the gadgets we loved in the '80s and '90s.

Scroll down for more headlines, and thanks for reading.

Brett Molina, Money/Tech editor

Democratic presidential candidate former Vice President Joe Biden hugs his wife Jill Biden after his speech during the fourth day of the Democratic National Convention, Thursday, Aug. 20, 2020, at the Chase Center in Wilmington, Del.

Senate wins can help Biden cut taxes and more

With Democrats in control of Congress, Joe Biden can potentially impact the personal finances of millions of Americans from taxes to college tuition

With Senate wins, how will Biden impact workers

Democratic nominee Joe Biden speaks during the fin

How a Democratic Senate could help advance Biden's...

President-elect Joe Biden speaks at The Queen thea

Pence should invoke amendment to remove Trump,...

National Association of Manufacturers CEO Jay Timm

Car prices hit a record. Here's how much they cost

New Fisher-Price toys inspired by '80s, '90s

Fisher-Price Laugh & Learn® Busy Boombox

Facebook, Twitter condemned for Capitol violence

National Guard troops are seen behind shields as t

Mercedes debuts 56-inch screen inside new car

The Mercedes-Benz Hyperscreen is a 56-inch wide cu

Start investing with this classic stock bundle

Why an S&P 5000 index fund should be at the top of

Can you pay your taxes with a credit card?

Problem viewing email? View in browser

Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback

No comments

Wednesday, 6 January 2021

Posted by Unknown - 06:37

The Daily Money: When will you get the $300 jobless bonus?

The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wednesday, January 6

Happy Hump Day, Daily Money readers! The weekend is in sight. Brett Molina returns with your Wednesday headlines in Money and Tech.

Let's start with a question on many Americans' minds in the new year: when will that extra $300 in unemployment benefits kick in?

Meanwhile, bad news for some Americans who are waiting for a second stimulus payment: it might not arrive until after tax time.

Brace yourselves for more store closings on the horizon. Bed Bath & Beyond revealed it's shutting down another 43 locations, while Macy's is expected to close more stores by the middle of the year.

Let's wrap up on a lighter note. We have a new chicken sandwich. Thank you, Shake Shack.

Scroll down for more headlines, and thanks for reading.

Brett Molina, Money/Tech editor

COVID-19 relief package: No stimulus check, but offers extra $300 in unemployment

When will you get the $300 jobless bonus?

Some states have already started to distribute the extra $300 in federal unemployment aid. Here are the ones that plan to pay out the bonus this week.