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How will we know if Biden's agenda succeeds or fails? Nicholas Sargen, Opinion Contributor © Tom Brenner/Getty Images How will we know if Biden's agenda succeeds or fails? This week President Biden unveiled the American Families Plan, which expands access to education, reduces the cost of child care and supports women in the work force. It calls for federal spending and tax credits of $1.8 trillion over this decade that will be financed in part by taxes on high-income households. The stated objective is to help millions of Americans gain the skills and work flexibility to s...

Bitcoin breaches $50K threshold with technicals back in focus By Bloomberg By Vildana Hajric, Joanna Ossinger Bitcoin headed for its worst week in almost two months as a proposed capital-gains tax increase for wealthy Americans intensified the volatility whiplashing the world's largest cryptocurrency. A fresh bout of selling on Friday drove bitcoin down as much as 7.9% to $47,525 -- below its 100-day moving average -- as it continued to take out key technical levels. Wall Street analysts warn of further losses for the notoriously volatile currency that hit a record high of $64,870 on April 1...

Oil fell this week with spreading coronavirus cases in countries such as India tempering optimism. (Bloomberg) -- Oil fell this week with spreading coronavirus cases in countries such as India tempering optimism around positive signs out of the U.S. and Europe. Futures in New York rose the most in over a week on Friday, but were unable to reverse a 1.6% weekly loss as the market weighed a global economic reopening that’s coming in fits and starts. The U.S. has remained near the forefront of the world’s budding demand recovery from the pandemic, and the latest manufacturing figures out of ...

Oil Set for Weekly Loss With Market Facing Patchy Demand Rebound Bloomberg 1 hr ago Andres Guerra Luz (Bloomberg) -- Oil headed for a weekly decline with spreading coronavirus cases in countries such as India tempering optimism around positive economic data in the U.S. and Europe. Popular Searches Futures in New York pared gains on Friday after briefly surging as much as 1.6% in a choppy trading session. U.S. benchmark crude is headed for a roughly 2% weekly decline, as progress toward a global economic reopening comes in fits and starts. While the outlook is firming up in t...

Bitcoin breaches $US50,000 threshold with technicals back in focus Vildana Hajric and Joanna Ossinger Apr 24, 2021 – 5.58am Share Bitcoin headed for its worst week in almost two months as a proposed capital-gains tax increase for wealthy Americans intensified the volatility whiplashing the world’s largest cryptocurrency. A fresh bout of selling on Friday (Saturday AEST) drove bitcoin down as much as 7.9 per cent to $US47,525 -- below its 100-day moving average -- as it continued to take out key technical levels. Nearing 6am AEST on Saturday, bitcoin was trading at $US50,825 on bitstamp.ne...