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This week, Madison Business Review contributor Bryce Roth provides a recap of what happened in the business world and stock markets. Â A global tax deal, inflation and a Senate act all played a role in pushing markets last week. Source: MarketWatch The S&P 500 and the Nasdaq Composite closed the week in the green, increasing 0.41% and 1.5%, respectively. The Dow Jones Industrial Average turned red and decreased -0.80%. Nevertheless, all three indices are up over 9% for the year, continuing a strong rebound from the pandemic. An end to tax havens? The Group of Seven (G7) has agreed on a worldwide minimum tax rate that aims to prevent businesses from avoiding tax laws set in their home country. ....
For a lot of people, this holiday weekend feels like the first return to normalcy since the pandemic began. Visit Tampa Bay says the tourism industry is already heating up, and summer hasn't even started. ....
Today Partly cloudy skies early will give way to cloudy skies late. Slight chance of a rain shower. Low near 40F. Winds light and variable.. Tonight Partly cloudy skies early will give way to cloudy skies late. Slight chance of a rain shower. Low near 40F. Winds light and variable. Updated: April 18, 2021 @ 5:05 pm ....
This week, Madison Business Review contributor Bryce Roth provides a recap of what happened in the business world and stock markets. This was an exciting week for markets as the S&P 500 and Dow Jones Industrial Average hit new highs and the Nasdaq Composite turned positive. Big tech led this rally along with positive news about the economy, Bidenâs policies and the pandemic. Source: MarketWatch Stimulus bill motivates mass spending Stimulus from the government has already started paying off in the short term. Tuesday, the International Monetary Fund (IMF) said that the amount of public spending occurring worldwide, especially in the U.S., would be enough to push global growth over 6% this year. The IMFâs initial forecast was 5.5% for the U.S. economy, but now estimates 6.4% â the best itâs been since the late 1970s. ....