Powell says he plans to meet with homeless Americans in Washington, DC
Federal Reserve Chairman Jerome Powell said Wednesday that he has in the past met with homeless Americans and that doing so reminds him of those he works for as a government official. Powell said he has not yet met with...
Fed holds interest rates near zero, sees faster growth and higher inflation
The Federal Reserve on Wednesday kept its easy money policy in place despite an economy that it acknowledged is accelerating. As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least...
Selling assets to avoid a higher capital gains tax? You may trigger another tax
Drew Angerer | Getty Images News | Getty Images Investors fearful of President Joe Biden’s proposal to raise taxes on capital gains might be thinking about making a knee-jerk stock sale. Doing so may inadvertently trigger another investment tax, according...
Mortgage rates fall to a two-month low, but weekly demand still drops
Robin Azougi 1st R, a licensed real estate salesperson with Douglas Elliman Real Estate, talks with prospective buyers at a house for sale in Floral Park, Nassau County, New York, on Sept. 6, 2020. Wang Ying | Xinhua News Agency...
Samsung family announces plans to pay off more than $10 billion of inheritance tax
A Samsung flag (R) and South Korean national flag flutter at the company’s Seocho building in Seoul on April 28, 2021. JUNG YEON-JE | AFP via Getty Images SINGAPORE — The family of Samsung Electronics’ late chairman announced Wednesday they...
Americans support Biden’s spending and want him to spend more, polls show
President Joe Biden delivers remarks on the administration’s coronavirus disease (COVID-19) response outside the White House in Washington, U.S., April 27, 2021. Kevin Lemarque | Reuters Americans broadly back the big-ticket spending proposals that have defined President Joe Biden’s first...
Jerome Powell is a heavy favorite on Wall Street to be renominated as Fed chair
US Federal Reserve Chairman Jerome Powell gives a press briefing after the surprise announcement the FED will cut interest rates on March 3, 2020 in Washington, DC. Eric Baradat | AFP | Getty Images Federal Reserve Chairman Jerome Powell is...
The Fed will stay put in 2021 despite growing concerns about overheating economy, CNBC survey says
Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters The Federal Reserve will remain on hold for...
February home prices see the biggest gain in 15 years, S&P Case-Shiller says
A “For Sale” sign outside a house in West Palm Beach, Florida, April 7, 2021. Marco Bello | Bloomberg | Getty Images Home price gains continue to outpace expectations, as tight supply and strong demand lead to bidding wars. Nationally,...
Stocks making the biggest moves in the premarket: UPS, Crocs, Eli Lilly, GE, Hasbro & more
Take a look at some of the biggest movers in the premarket: United Parcel Service (UPS) – UPS earned $2.77 per share for the first quarter, compared to a consensus estimate of $1.72 a share. Revenue also came in above...
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