On March 31, President Joe Biden unveiled his $ 2.3 billion American Employment Plan. It will go primarily to infrastructure repairs and improvements if Congress passes a similar spending package. The plan includes $ 174 billion to drive the adoption of electric vehicles, which would benefit Tesla Inc., General Motors Co. and Ford Motor Co., among others.
New York legalized marijuana for recreational use on March 31. Convictions in the state for non-violent cannabis-related offenses will be eliminated. Ciara Linnane reports on the details of the legislation, its expected ripple effect in other states, and a challenge to state government as legal sellers begin to compete with the black market. ‘Light at the end of the tunnel’ for the US economy The US economy added 916,000 jobs during March, surprising economists and reducing the unemployment rate to 6.0%. Jeffry Bartash investigates the spring thaw of the economy. Related: ‘Finally There’s Real Light At The End Of The Tunnel’: Economists React To Strong March Employment Report Why The Drop In The Unemployment Rate To 6% Doesn’t Mean Much An ER Doctor Talks About How COVID- 19 stretches
(Photographic illustration by MarketWatch / Dr. Elissa Schechter-Perkins)
Jaimy Lee interviews Dr. Elissa Schechter-Perkins, a Boston Medical Center emergency room doctor who was involved in research indicating that children who attend school are just as safe from COVID-19 transmission if they are kept three feet apart as they would be under the old ones. CDC Guideline of Six Foot Separations. Tax Tips The Internal Revenue Service has extended the deadline for filing individual tax returns this year to May 17 from the usual April 15. CD Moriarty explains how capital gains taxes can affect people who sell or inherit homes. Andrew Keshner discusses how converting a traditional IRA to a Roth IRA could help you avoid taxes if you are hit by the higher tax rates expected as Congress and President Biden increase federal spending.
(Photo illustration by MarketWatch / iStockphoto / CDC)
In an effort to show that bureaucrats can occasionally make puzzling decisions, the Centers for Disease Control designed a coronavirus vaccination record card that is too large to fit in most wallets. Nicole Lyn Pesce has practical advice on how to keep your card safe and make sure you have 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., who discusses the conflict between supporters and detractors of Lidar technology, which can be used for navigation and control of autonomous vehicles. Large SPACs could buy SPACs (Special Purpose Acquisition Companies) which have become a popular way for companies to go public quickly. Jeff Reeves looks at nine big SPACs, explains which pocket investors are behind them and which companies are looking to go public. Want more from MarketWatch? Sign up for this and other newsletters and get the latest news, personal finance, and investment advice.