President Joe Biden unveiled his $2.3 billion American Jobs Plan on March 31. It will be mainly directed toward infrastructure repairs and improvements if a similar spending package is passed by Congress.
The plan includes $174 billion to spur the adoption of electric vehicles, which would benefit Tesla Inc., General Motors Co. and Ford Motor Co., among others.
Strategists at Bank of America listed companies in various industries that could benefit from Biden’s infrastructure plan.
Here are more stocks and funds that can gain from the proposed spending:
Oregon points the way to retirement accounts for lower-wage workers
Brett Arends describes a plan that has set up retirement accounts for lower-income workers in Oregon. The participation rate is high because of one feature.
More on retirement planning from Alessandra Malito:
- Inherited $500K? Or $1 million? Here’s how to make that money act like a monthly pension
- Whether you’re 55 or 25, do this to secure your future Social Security benefits
New York legalizes marijuana
New York legalized marijuana for recreational use on March 31. Convictions in the state for non-violent cannabis-related crimes will be expunged. Ciara Linnane reports on the details of the legislation, its expected ripple effect across other states and a challenge for the state government as legal sellers begin to compete with the black market.
‘Light at the end of the tunnel’ for the U.S. economy
The U.S. economy added 916,000 jobs during March, which was a surprise to economists and pushed the unemployment rate down to 6.0%. Jeffry Bartash digs into the economy’s spring thaw.
- ‘There is finally real light at the end of the tunnel’ — economists react to strong March jobs report
- Why the drop in the unemployment rate to 6% doesn’t mean very much
An emergency-room doctor talks about how COVID-19 spreads
Jaimy Lee interviews Dr. Elissa Schechter-Perkins, an emergency-room doctor at Boston Medical Center who participated in research indicating children attending school are just as safe from COVID-19 transmission if they are kept three feet apart as they would be under the old CDC guideline of six-foot separations.
The Internal Revenue Service has extended this year’s individual tax-return filing deadline 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 might help you avoid taxes if you are affected by higher tax rates expected as Congress and President Biden increase federal spending.
That impractical COVID-19 vaccination card
In an effort to prove that bureaucrats can occasionally make mystifying 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 it has all the information you need it to have.
This billionaire entrepreneur says Elon Musk is wrong about autonomous driving
Weston Blasi interviews Austin Russell, the founder of Luminar Technologies Inc., who discusses the conflict between supporters and detractors of Lidar technology, which can be used for navigation and control in autonomous vehicles.
What the big SPACs might buy
SPACs — special purpose acquisition companies — have become a popular way for companies to go public quickly. Jeff Reeves looks at nine large SPACs, explains which deep-pocket investors are behind them and which companies they are looking to bring public.
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