Fed Chairman Powell will try to soothe markets, but that may not work
U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, March...
Weekly mortgage demand falls, but size of average homebuyer loan hits record
A real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Sharp gains in home prices and a slight rise in interest rates combined to...
U.S. stock futures mixed as Microsoft kicks off big-tech earnings on a high note
Dado Ruvic | Reuters Futures contracts tied to the major U.S. equity indexes were mixed during the overnight session Tuesday as Wall Street pored over earnings results from Microsoft and awaited similar updates from Apple, Facebook and Tesla due Wednesday....
Fed will need to reassure the market it’s not thinking about dialing back its support
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, December 1, 2020. Susan Walsh | Pool | Reuters Federal Reserve Chairman Jerome Powell has...
Tilman Fertitta optimistic on U.S. economy post-Covid: ‘This is going to be the Roaring Twenties’
Billionaire restaurateur and casino operator Tilman Fertitta told CNBC on Tuesday he expects strong consumer spending to fuel the U.S. economic recovery from the coronavirus pandemic. “The consumer is coming back. I’m telling you, where we can do business, we...
November home prices rose 9.5%, one of the highest gains on record, Case-Shiller says
Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian, Idaho, on Wednesday, Oct. 21, 2020. Darin Oswald | Tribune News Service | Getty Images The surge in home prices...
Markets will seesaw for months, Invesco’s $1.2 trillion asset manager warns
Invesco chief global market strategist Kristina Hooper sees a volatile dynamic between optimism and pessimism playing out on Wall Street. According to Hooper, it will contribute to seesaw market behavior for months. “We are going to see some pretty significant...
How financing SPAC takeovers became Wall Street’s new favorite trade
Matteo Colombo | DigitalVision | Getty Images For most investors these days, it’s literally a “PIPE dream.” PIPEs, or private investments in public equity, are mechanisms for companies to raise capital from a select group of investors outside the market....
Stock futures jump ahead of the busiest week of earnings
U.S. stock index futures rose in overnight trading on Sunday, as Wall Street prepares for the busiest week of earnings, which will include reports from some of the largest tech companies. Futures contracts tied to the Dow Jones Industrial Average...
Biden claims his $1.9 trillion Covid relief plan will cut child poverty in half — here’s how
Jim Lo Scalzo-Pool/Getty Images President Joe Biden in a speech last week said his $1.9 trillion Covid relief plan would lift 5 million kids from the ranks of the poor and cut the child poverty rate in half. That would...
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