Powell says the Fed is committed to using all its tools to promote recovery
Federal Reserve Chair Jerome Powell arrives for a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters Federal Reserve Chairman Jerome Powell reiterated his commitment to an “all-in” approach to the...
Stocks making the biggest moves midday: Visa, Nike, FedEx & more
Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Visa — Shares of the payment processor fell 4.7% in midday trading after a report said the Justice Department is investigating whether business practices...
The Fed will not extend a pandemic-crisis rule that had allowed banks to relax capital levels
The Federal Reserve on Friday declined to extend a pandemic-era rule that relaxed the amount of capital banks had to maintain against Treasurys and other holdings, in a move that could upset Wall Street and the bond market. In a...
First U.S.-China meeting under Biden gets off to a rocky start
U.S. Secretary of State Antony Blinken (2nd R), joined by national security advisor Jake Sullivan (R), speaks while facing Yang Jiechi (2nd L), director of the Central Foreign Affairs Commission Office, and Wang Yi (L), China’s foreign minister at the...
Jobless claims unexpectedly jump despite relaxed economic restrictions
First-time claims for jobless benefits showed an unexpected jump to 770,000 as the labor market tries to recover from the Covid-19 pandemic that sent more than 22 million Americans to the unemployment line a year ago, the Labor Department reported...
Jobless claims unexpectedly jump despite relaxed economic restrictions
First-time claims for jobless benefits showed an unexpected jump to 770,000 as the labor market tries to recover from the Covid-19 pandemic that sent more than 22 million Americans to the unemployment line a year ago, the Labor Department reported...
Stocks making the biggest moves in the premarket: Dollar General, Signet Jewelers, Petco & more
Take a look at some of the biggest movers in the premarket: Dollar General (DG) – Dollar General shares tumbled 6.1% in premarket action after the discount retailer missed estimates by 10 cents a share, with quarterly earnings of $2.62...
Here’s where the Federal Reserve sees interest rates, the economy and inflation going
The Federal Reserve on Wednesday dialed up its economic growth expectations but signaled that there are no expected interest rate hikes for the next two years. The so-called dot-plot projections budged little, with most members still expecting to keep rates...
Fed sees stronger economy and higher inflation, but no rate hikes
The Federal Reserve on Wednesday sharply ramped up its expectations for economic growth but indicated that there are no interest rate hikes likely through 2023 despite an improving outlook and a turn this year to higher inflation. As widely expected,...
Robinhood beefs up executive team with Google veteran to lead product ahead of IPO
Robinhood hires Aparna Chennapragada as first chief product officer Robinhood has hired a top Google executive as its first chief product officer ahead of its upcoming public debut. The trading start-up said Wednesday it will bring on Aparna Chennapragada, who...
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