U.S. stock futures mostly flat after Nasdaq tumbles in rate induced sell-off
Meric Greenbaum, Designated Market Maker IMC financial looks up at the board before the opening bell right before trading halted on the New York Stock Exchange on March 9, 2020 in New York. Timothy A. Clary | AFP | Getty...
Sen. Warren calls Fed Chair Powell a ‘dangerous man,’ says she will oppose his renomination
Sen. Elizabeth Warren charged Tuesday that Federal Reserve Chairman Jerome Powell has led an effort to weaken the nation’s banking system, and she vowed to oppose his renomination. In remarks made during a hearing before the Senate Banking Committee, the...
Watch Powell and Yellen speak live to Senate panel on Covid relief efforts
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell speak Tuesday to the Senate...
Fed Chair Powell to warn Congress that inflation pressures could last longer than expected
Federal Reserve Chairman Jerome Powell, in remarks to be delivered Tuesday, cautioned Washington legislators that the causes of the recent rise in inflation may last longer than anticipated. In a speech that he will deliver to the Senate Banking Committee,...
As China cracks down, foreign companies try to figure out where they fit in
Visitors walk on the Bund in Shanghai, China, on Friday, February 12, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Foreign companies are trying to hold on to lucrative opportunities in China, even if new regulations and the...
Fed officials say they see a pullback in their economic support even with inflation cooling
At least three Federal Reserve officials said Monday they are ready to pull back on their economic support measures even though they don’t see a threat from inflation. Speaking at separate engagements, Fed Governor Lael Brainard and regional presidents John...
Dallas Fed President Kaplan to retire early on Oct. 8, citing trading disclosure ‘distraction’
Dallas Federal Reserve President Robert Kaplan became the second regional central bank leader to resign Monday, saying he was stepping down early following a recent controversy over stock market trades he made. Kaplan’s early retirement follows an announcement earlier in...
Boston Fed President Rosengren abruptly announces retirement 9 months earlier than planned
Boston Federal Reserve President Eric Rosengren announced Monday he is stepping down from his position on Thursday retiring nine months earlier than he had planned, citing health concerns. In his announcement, which came weeks after an uproar over his trading...
Michael Burry says he was subpoenaed by the SEC as GameStop saga drags on
Dado Ruvic | Reuters Famed investor Michael Burry revealed on Twitter that he received a subpoena from the Securities and Exchange Commission in connection with its investigation into GameStop, a wildly speculative stock that the “Big Short” trader once bet on....
Stock futures rise in overnight trading after market ends wild week in the green
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures climbed in overnight trading on Sunday as investors braced...