Powell says low interest rates could last for years
Federal Reserve Chairman Jerome Powell, wearing a face mask, testifies before the House of Representatives Financial Services Committee...
U.S. is still in a ‘very significant recession’ despite job gains, Fed’s Rosengren says
Job creation in August represents continued improvement in the U.S. economy but a full recovery won’t happen until...
Disruptors PayPal and Square surpass Wall Street giants including Goldman Sachs in market cap
A remarkable changing of the guard is happening in finance. This week, the market capitalization of fintech payments...
Stocks making the biggest moves midday: Tesla, Wayfair, Moderna & more
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Check out the companies making headlines in midday trading. Tesla...
Payrolls increase by nearly 1.4 million as the unemployment rate tumbles
Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4% as the U.S....
Chinese banks’ profits will weaken even more in the second half of 2020, says Fitch Ratings
People wait outside a Bank of China branch in Beijing on July 11, 2014. GREG BAKER | AFP...
Unemployment benefits are less than minimum wage in many states
Carlos Ponce joins other demonstrators participating in a protest asking Senators to support the continuation of unemployment benefits...
Insana: Why the Fed’s new inflation policy could backfire
The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin...
El-Erian: Economic recovery held back because people don’t trust each other over coronavirus
The U.S. economic recovery has been held back because Americans lack trust with one another over the coronavirus, Mohamed...
Executive action is powerful, but presidents can’t save the economy without the help of Congress
With seasonally adjusted initial jobless claims totaling 881,000 last week, millions of Americans are still in need of...
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