Wednesday’s top personal finance stories
MarketWatch
: Cuomo responds to harassment scandal: ‘I’m not going to resign’
The New York governor apologized for making people feel “uncomfortable,” and says he will retain his emergency powers until the end of the pandemic
NewsWatch: Wall Street’s 20 favorite infrastructure stocks are expected to climb as much as 34% over the next year
President Joe Biden is pushing for massive federal spending that can benefit many companies.
Market Extra: Day-trading Redditors nearly crashed the stock market. Now they’ve been packaged into a new ETF.
An ETF that’s backed in part by Dave Portnoy, self-proclaimed head of the hordes of retail investors who have upended markets in recent weeks, raises questions about market manipulation.
The Ratings Game: GE stock jumps toward 3-year high after UBS analyst gets a little more bullish
Shares of General Electric Co. ran up toward a near three-year high, after UBS analyst Markus Mittermaier said rising interest rates and the COVID-relief bill are reasons to get a little more bullish on the industrial conglomerate.
Coronavirus Update: Expert ‘mortified and disgusted’ by Texas reopening plan; it ‘will kill Texans,’ says top Democrat
News that the governor of Texas, Republican Greg Abbott, will lift the state’s face mask mandate and allow businesses to fully reopen on March 10 was met with a wave of alarm on Wednesday, as health officials warned the U.S. is not out of the woods yet, even as the vaccine program looked set to get a needed boost.
: AMD releasing new gaming card amid chip shortage
Advanced Micro Devices Inc. said Wednesday it’s releasing a new model of gaming card amid shortages that have plagued customers well before the holiday shopping season.
: U.K. plans to hike corporate taxes in move to pay for COVID spending splurge
Companies investing in the U.K. will be offered a tax break, the program to support workers salaries will be extended, and a new infrastructure bank will be created.
London Markets: London stocks up modestly after U.K. budget announcement
London stocks were easing back from a stronger start as the U.K. budget message delivered a tax hike for corporates, though home builders and hospitality companies rose.
Outside the Box: Are there new RMD rules this year?
Required minimum distributions are back, but they’ll be changing again
