President Joe Biden's American Families Plan seeks to raise about $1.5 trillion via higher taxes on the top 1% of taxpayers. Taxes on the wealthy may increase regardless of that plan's success in Congress. Provisions in the 2017 Tax Cuts and Jobs Act are scheduled to expire after 2025. At that time, the top marginal income tax rate would rise […]

Tony Kerrison, BofA’s CTO, will now report directly to Cathy Bessant, the bank’s top tech exec. Kerrison, who leads the bank’s tech infrastructure, has also expanded his duties.  The promotion underscores the bank’s commitment to cloud technology. See more stories on Insider’s business page. Tony Kerrison now has a seat at the table. Cathy Bessant’s leadership table, that is.  Kerrison, […]

The FDA is holding over 100 million Johnson & Johnson Covid-19 vaccine doses for further testing after the agency found multiple safety violations at the plant — run by Emergent BioSolutions — that was helping make the shots, Emergent CEO Robert Kramer told lawmakers Wednesday. The U.S. put J&J in charge of the Baltimore plant last month after learning that Emergent, a […]

(Reuters) – Wall Street’s main indexes fell for the third straight session on Wednesday, as a steep fall in cryptocurrencies and fears over inflation pushed investors away from riskier assets.FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File PhotoBitcoin and ether were on track […]

Under Armour is boosting the pay of its hourly employees. The Baltimore-based sports brand said that starting June 6, the company will institute a 50 percent increase for hourly employees in the U.S. and Canada. Rates will increase from a minimum of $10 an hour to $15 an hour in the U.S. and $15.25 Canadian dollars an hour in Canada. […]

The rotation out of technology may be facing yet another catalyst. If energy's outperformance persists, it could force more investors to rebalance their portfolio, leaving tech behind in favor of the former laggard, Miller Tabak's Matt Maley told CNBC's "Trading Nation" on Tuesday. Oil prices fell Wednesday to around $62 a barrel after hitting two-month highs in Tuesday's trade. "If […]

The majority of immigrants facing deportation lack an attorney because they are only charged with a civil violation.  Federal, state, and local leadership can protect immigrants by advancing universal representation to immigrants who cannot otherwise afford it. Annie Chen is the director of the Vera Institute of Justice’s SAFE Initiative, which partners with local governments, lawyers, and advocates to secure […]

Harley Finkelstein is president of Shopify. The opinions expressed in this commentary are his own. The past year has stretched us to our capacity. People across the globe have faced physical health threats, struggled with job loss and economic uncertainty and watched as nearly every aspect of their daily lives was turned upside down. For business leaders and entrepreneurs, these […]

The White House COVID-19 Response Team has announced that the United States is on a path out of the coronavirus pandemic, but warned its people to be cautiously optimistic. “Cases have continued to decrease and have not been this low since spring of last year. Hospital admissions are down, deaths are down, and we are vaccinating between 1.5 million and […]