Economy

Powell Focuses on Economic Need at Key Moment in Markets and Politics

8 days ago   |   By NY Times

The Federal Reserve will continue to support the economy, its chair, Jerome H. Powell, pledged at a Senate hearing, even as concerns about inflation rise.
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Stocks Rise as Fed Chair Says Light at the End of the Tunnel Remains Distant

8 days ago   |   By NY Times

Jerome Powell's Senate testimony allayed worries that positive economic signs would lead the Fed to cut back on its stimulus policies.
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Powell Focuses on Need at Delicate Moment in Markets and Politics

8 days ago   |   By NY Times

The Federal Reserve will continue to support the economy, its chair, Jerome H. Powell, pledged, even as concerns about inflation rise.
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Tech stocks pare deep losses but still decline as Fed's Powell eases concerns over runaway inflation

Tech stocks pare deep losses but still decline as Fed's Powell eases concerns over runaway inflation

8 days ago   |   By Business Insider

Summary List Placement
US stocks pared losses but closed lower on Tuesday after Fed chair Jerome Powell staved off fears of rampant inflation.
Stimulus and reopening could lift price growth, but the effect will likely be small and temporary, Powell said.
Bitcoin tanked below $49,000 after trading as high as $55,053.91 Monday afternoon as investors snapped up crypto profits.
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US equities erased major losses and swung higher on Tuesday after commentary from Federal Reserve Chair Jerome Powell eased concerns of...
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Tech stocks pare deep losses but still decline as Fed's Powell eases concerns over runaway inflation

8 days ago   |   By Business Insider

Traders work, as a screen shows Federal Reserve Chairman Jerome Powell's news conference after the U.S. Federal Reserve interest rates announcement, on the floor of the New York Stock Exchange in New York, U.S., October 30, 2019.
Brendan McDermid/Reuters
US stocks pared losses but closed lower on Tuesday after Fed chair Jerome Powell staved off fears of rampant inflation. Stimulus and reopening could lift price growth, but the effect will likely be small and temporary, Powell said. Bitcoin tanked below $49,000 after trading as high as $55,053.91 Monday afternoon as investors snapped up...
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Gabe Plotkin's Melvin Capital gained 22% in February - but the GameStop saga...

Gabe Plotkin's Melvin Capital gained 22% in February - but the GameStop saga leaves it in a deep hole

Summary List Placement Gabe Plotkin recouped some of Melvin Capital's heavy January losses with a 22% gain in February. The hedge fund boss was at the center of the GameStop... Read more ...

'Big Short' investor Michael Burry is betting Volkswagen will beat Tesla in...

'Big Short' investor Michael Burry is betting Volkswagen will beat Tesla in electric vehicles

Summary List Placement Michael Burry owns a stake in Volkswagen's largest shareholder, Porsche SE. "The Big Short" investor is betting Volkswagen can beat Tesla in electric... Read more ...

10 things you need to know before the opening bell

10 things you need to know before the opening bell

Summary List Placement Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning. Sign up for Insider Investing for your weekly... Read more ...

Cathie Wood says digital wallets will 'gut' traditional banks - and expects...

Cathie Wood says digital wallets will 'gut' traditional banks - and expects bitcoin to rise by as much as $400,000

Summary List Placement Cathie Wood said the growth of digital wallets will "gut" traditional banks. She expects the price of bitcoin to increase by between $40,000 to... Read more ...

UK, 4 nations fast-track review of modified COVID vaccines

UK, 4 nations fast-track review of modified COVID vaccines

LONDON - Regulators in the U.K. and four other countries have announced new rules to fast-track the development of modified COVID-19 vaccines to ensure drugmakers can move... Read more ...

Global stocks tumble as rising bond yields worry investors - with all eyes...

Global stocks tumble as rising bond yields worry investors - with all eyes on Fed chair Jerome Powell

Summary List Placement Global stocks tumbled on Thursday after rising bond yields triggered a sell-off in US tech stocks. Fed chair Jerome Powell is due to speak, with... Read more ...

Bitcoin will eventually be a global currency - and a $1 million price target...

Bitcoin will eventually be a global currency - and a $1 million price target within the next 10 years is 'very reasonable,' Kraken CEO says

Summary List Placement Bitcoin is going to the Moon, Mars, and eventually will be the world's currency, Kraken's CEO said. "I think a million dollars as a price target within... Read more ...

We got an exclusive look at the pitch deck accounting startup Countingup...

We got an exclusive look at the pitch deck accounting startup Countingup used to raise a $12.7 million Series A

Summary List Placement Countingup has raised a £9.1 million Series A investment round, led by Framework Venture Partners. The company, which provides a business account that... Read more ...

Dems tighten relief benefits, firm up support for virus bill

Dems tighten relief benefits, firm up support for virus bill

WASHINGTON - President Joe Biden and Democrats agreed to tighten eligibility limits for stimulus checks, bowing to party moderates as leaders prepared to move their $1.9... Read more ...

Gorillas at the San Diego Zoo are the first non-humans to be vaccinated...

Gorillas at the San Diego Zoo are the first non-humans to be vaccinated against COVID-19

Summary List Placement Several great apes at the San Diego Zoo were given experimental Covid-19 vaccines for animals Wednesday morning, becoming the first known non-human... Read more ...