NewsWatch: Stocks pare drop but hold lower as Fed’s Powell calls economic recovery ‘far from complete’

This post was originally published on this site

MARKETWATCH FRONT PAGE

Stocks lose ground, with tech shares continuing to lead the way down, as Federal Reserve Chairman Jerome Powell warns the economic recovery remains uneven and far from complete. See full story.

The $1.9 trillion Biden stimulus plan is moving forward — here are the biggest parts of it

The House Budget Committee on Monday advanced a $1.92 trillion bill to carry out President Joe Biden’s coronavirus relief plan, the first step toward likely House passage by the end of the week. See full story.

Low-income earners and those with lost or cut wages in 2020: Don’t forget this tax credit

How to know if you qualify for the Retirement Saver’s Credit See full story.

Billionaire philanthropy is a ‘PR scam,’ says CEO who raised his workers’ minimum pay to $70,000

‘In reality, the amount [billionaires] donate is a fraction of what they would pay if their tax rates were in line with the working class,’ Gravity Payments CEO Dan Price told MarketWatch. See full story.

Biden mourns 500,000 coronavirus deaths, urges Americans to ‘mask up, get vaccinated’

President Joe Biden led a moment of silence Monday evening and mourned the more-than-500,000 Americans who have died from the coronavirus pandemic. See full story.

MARKETWATCH PERSONAL FINANCE

The rise of remote working may provide workers freedom to live where they want — but that doesn’t mean they’re saving money. See full story.