Fed Chairman Jerome Powell returned to “60 Minutes” on Sunday to tell Americans that the economy is going to start growing strongly, but they shouldn’t expect the central banks to start raising interest rates as a result. Asked by CBS News’ Scott Pelley when the Fed will start “tapping the …
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The $ 1.9 billion stimulus package recently passed by the U.S. Congress won’t spur persistently higher inflation, said Federal Reserve Vice Chairman Richard Clarida on Thursday. The Fed and other forecasts “do not see this package — over a three-to-five year period — as putting undesirable upward pressure on inflation,” …
Read More » Michael Cohen, former President Donald Trump’s former personal lawyer, said in a newly unsealed court document that he learned about startups in prison, as he pleaded to be released early from home confinement. Cohen — who was convicted in 2018 on charges including campaign-finance violations related to a hush-money scheme …
Read More » President Joe Biden and Vice President Kamala Harris expressed outrage and sympathy on Friday as they visited Atlanta to meet with Asian-American leaders in the wake of shootings that left eight people dead, including six women of Asian descent. “Hate can have no safe harbor in America,” Biden said in …
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Massive disruption is hurtling down the highway toward a $ 1.5 trillion global trucking market, as legacy manufacturers and new entrants alike grapple for pole position in a race for dominance in zero-emissions trucks. Electric vehicles have sped into the attention of investors in the last year, as stocks like …
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It has been a bad week for technology stocks. The Nasdaq tumbled 2.7% on Wednesday, though the slide seemed to be slowing as markets opened on Thursday. So buy the dip before tech stocks move at least 25% higher this year, says veteran tech analyst Daniel Ives of investment firm …
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“ ‘We believe that hindsight will show the champion of head-smacking craziness in the American stock market to be the period playing out right now.’ ” That’s billionaire Paul Singer of Elliott Management suggesting that the market for equities has pretty much jumped the shark, in a Jan. 28 letter …
Read More » Inflation could quickly rise once more Americans are vaccinated and the U.S. central bank should monitor price signals closely, Kansas City Fed President Esther George said Thursday. “It is worth recognizing that overall inflation could firm up quickly post-vaccination as demand for hard-hit sectors recovers,” George said, in a speech …
Read More » DUBAI — A United Nations report accuses Blackwater founder Erik Prince of assisting in violations of an international arms embargo on Libya, placing the military contractor at risk of U.N. sanctions, according to a diplomat with access to the report. The report by the U.N. Panel of Experts that monitors …
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