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President Joe Biden unveiled his $ 2.3 trillion U.S. jobs plan on March 31. It will mainly be used for repairing and improving infrastructure if a similar spending program is adopted by Congress.
The plan includes $ 174 billion to boost the adoption of electric vehicles, which would benefit Tesla Inc. TSLA,
General Motors Co. GM,
and Ford Motor Co. F,
among others.
Bank of America strategists are listing companies in various industries that could benefit from Biden’s infrastructure plan.
Here are other actions and funds that can benefit from the proposed expenses:
Oregon leads the way in retirement accounts for low-wage workers
Brett Arends describes a plan that set up retirement accounts for low-income workers in Oregon. The turnout is high because of one feature.
Read more about retirement planning from Alessandra Malito:
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Inherited from $ 500,000? Or $ 1 million? Here’s how to get that money to act as a monthly pension
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Whether you’re 55 or 25, do it to secure your future social security benefits
New York legalizes marijuana
A customer purchases THC leaves at the Weed World store on March 31 in New York City. (Getty Images)
New York legalized recreational marijuana on March 31. Convictions in the state for non-violent cannabis crimes will be overturned. Ciara Linnane reports on details of the legislation, its expected ripple effect in other states, and a challenge for state government as legal sellers begin to compete in the black market.
“ Light at the end of the tunnel ” for the US economy
The US economy created 916,000 jobs in March, which surprised economists and lowered the unemployment rate to 6.0%. Jeffry Bartash reflects on the spring thaw in the economy.
Related:
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‘There is finally a real light at the end of the tunnel’ – economists respond to robust March jobs report
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Why dropping the unemployment rate to 6% doesn’t mean much
Emergency doctor explains how COVID-19 is spread
(MarketWatch photo illustration / Dr Elissa Schechter-Perkins)
Jaimy Lee interviews Dr. Elissa Schechter-Perkins, an emergency room doctor at Boston Medical Center who participated in research indicating that children attending school are just as safe from transmission of COVID-19 if they are kept one meter apart than they would be under the old CDC Directive on Six Foot Separations.
Tax advice
The Internal Revenue Service has extended the deadline for filing this year’s personal income tax returns to May 17 from the usual April 15.
CD Moriarty explains how capital gains taxes can affect people who sell or inherit a home.
Andrew Keshner discusses how converting a traditional IRA to a Roth IRA could help you avoid taxes if you are affected by expected higher tax rates as Congress and President Biden increase federal spending.
This impractical COVID-19 vaccination card
(Photo illustration MarketWatch / iStockphoto / CDC)
In an effort to prove that bureaucrats can sometimes make mysterious decisions, the Centers for Disease Control designed a coronavirus vaccination record that is too large to fit in most wallets. Nicole Lyn Pesce has practical tips on how to protect your card and make sure it has all the information you need.
This billionaire entrepreneur says Elon Musk is wrong about autonomous driving
Weston Blasi interviews Austin Russell, Founder of Luminar Technologies Inc. LAZR,
which discusses the conflict between supporters and detractors of Lidar technology, which can be used for navigation and control in autonomous vehicles.
What large PSPCs could buy
SPACs – special purpose acquisition companies – have become a popular way for companies to go public quickly. Jeff Reeves takes a look at nine major PSPCs, explains which pocket investors are behind them, and which companies they are looking to go public.
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