Page 44 - Us Economy
Biden says no evidence higher corporation taxes will drive companies abroad
President Joe Biden defended his proposal to raise corporate taxes to help pay for his infrastructure spending plans
 "Biden says no evidence higher corporation taxes will drive companies abroad")
S&P 500, Dow at all-time highs after strong jobs data; Nasdaq rises 110 pts
Ten of the 11 major S&P sectors rose, with consumer discretionary, industrials, financials and communication services leading gains
 "S&P 500, Dow at all-time highs after strong jobs data; Nasdaq rises 110 pts")
Covid-19 vaccines, fiscal stimulus power US employment; economy blooming
WASHINGTON (Reuters) - The U.S. economy created the most jobs in seven months in March as more Americans got vaccinated and the government doled out additional pandemic relief money, marking the start of what could be the strongest economic performance this year in nearly four decades.
 "Covid-19 vaccines, fiscal stimulus power US employment; economy blooming")
In US, dozens of big and profitable companies pay no federal taxes
A provision in the 2017 tax bill allowed businesses to immediately write off the cost of any new equipment and machinery.
 "In US, dozens of big and profitable companies pay no federal taxes")
US manufacturing sector sees robust growth in March, highest since 1983
The US manufacturing sector saw robust growth in March, marking the highest reading since December 1983, the Institute for Supply Management (ISM) reported Thursday
 "US manufacturing sector sees robust growth in March, highest since 1983")
Stock markets start new fiscal on a high, Sensex reclaims 50,000-level
IndusInd Bank, Kotak Mahindra Bank, ICICI Bank, Sun Pharma, Bajaj Finance, and UltraTech Cement were prominent gainers
 "Stock markets start new fiscal on a high, Sensex reclaims 50,000-level")
US jobless claims rise to 719,000 as coronavirus still forces layoffs
The number of Americans applying for unemployment benefits rose by 61,000 last week to 719,000, signalling that many employers are still cutting jobs even as more businesses reopen
 "US jobless claims rise to 719,000 as coronavirus still forces layoffs")
Biden unveils $2 trn package to overhaul American physical infrastructure
US President Joe Biden unveiled a $2 trillion package to upgrade and overhaul American physical infrastructure on Wednesday
 "Biden unveils $2 trn package to overhaul American physical infrastructure")
Explained: What's in Joe Biden's $2.3 trillion infrastructure plan?
The infrastructure plan US President Joe Biden will roll out in Pittsburgh on Wednesday includes $2.3 trillion in investments
 "Explained: What's in Joe Biden's $2.3 trillion infrastructure plan?")
Biden proposes $2 trillion 'once-in-a-generation' investment in US economy
"It's a once-in-a-generation investment in America, unlike anything we've seen or done," Biden said in Pittsburgh
 "Biden proposes $2 trillion 'once-in-a-generation' investment in US economy")
Biden kicks off effort to reshape US economy with infrastructure package
He also aims to put corporate America on the hook for the tab, which is expected to grow to a combined $4 trillion once he rolls out the second part of his economic plan in April
Biden's $2-trn proposal: $174 bn for EVs, new funds for clean power
What Biden lays out Wednesday is just the first part of his long-term economic program, with a second round of initiatives to be announced in mid-April
 "Biden's $2-trn proposal: $174 bn for EVs, new funds for clean power")
S&P 500 hits record high ahead of Joe Biden's spending plan outline
The size and scale of the proposal, as well as the question of how it would be paid for is likely to set the stage for the next partisan clash in Congress.
 "S&P 500 hits record high ahead of Joe Biden's spending plan outline")
'Optimistic' Federal Reserve policymakers see US economy about to boom
Federal Reserve policymakers are optimistic about the US economic outlook as more Americans are vaccinated and government aid gets to households and businesses, and they are not going to stand in way
 "'Optimistic' Federal Reserve policymakers see US economy about to boom")
Sensex, Nifty jump over 2% to record highest increase in 2 months
Sensex leaps 1,128 points to reclaim 50,000, Nifty rises 338 points as it moves near 15,000-mark
 "Sensex, Nifty jump over 2% to record highest increase in 2 months")
Bonds on watch
Inclusion in global indices would demand higher fiscal standards
 "Bonds on watch")
US economy will recover but Covid bruises will last several years: Moody's
Moody's expects US economic activity to return to its pre-coronavirus path by the end of 2021, but an elevated unemployment rate and a lagging recovery in the hardest-hit sectors will leave bruises
 "US economy will recover but Covid bruises will last several years: Moody's")
Rational expectations
Evolving conditions would lead to adjustment in markets
President Biden's economic plan to focus first on infrastructure this week
President Joe Biden will lay out the first part of his multitrillion-dollar economic recovery package this week, focusing on rebuilding roads, bridges and other infrastructure
US weekly jobless claims drop to one-year low in boost to economy
The number of Americans filing new claims for unemployment benefits dropped to a one-year low last week, providing a powerful boost to an economy on the verge of stronger growth
 "US weekly jobless claims drop to one-year low in boost to economy")