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Treasury Secretary Yellen hints at rise in rates. What to make of the signal

9 days ago   |   By CNBC

The former Fed chair's comments about an eventual rise in interest rates shouldn't shake markets too much, one market analyst says.
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Yellen says U.S. pushing to end global 'race to the bottom' on corporate taxes

9 days ago   |   By CNBC

Treasury Secretary Janet Yellen said she's encouraged so far by developments in talks with other countries on a global minimum corporate tax.
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Tech stocks plummet as Yellen says interest rates may need to rise

Tech stocks plummet as Yellen says interest rates may need to rise

9 days ago   |   By Business Insider

Summary List Placement US stocks dropped sharply on Tuesday after Treasury Secretary Janet Yellen said interest rates may need to rise modestly to prevent the economy from overheating. Tech stocks led losses with shares of Apple, Tesla , and Amazon sinking into the close.
The Treasury Secretary's comments contrast with the Fed's plans to hold rates near zero through 2023, a policy that's been positive for high-growth technology companies. Her comments come as investors worry that massive fiscal spending could lead to a spike in inflation.
"It may be that interest rates will have to rise...
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Tech stocks plummet as Yellen says interest rates may need to rise

9 days ago   |   By Business Insider

A trader works on the floor at the New York Stock Exchange in New York City, U.S., March 5, 2020.
Andrew Kelly/Reuters
US stocks sank Tuesday as Treasury Secretary Yellen said interest rates may need to rise to prevent the economy from overheating.
Tech stocks led losses with Apple, Amazon, and Tesla all in the red at the close.
The Treasury Secretary's comments contrast with the Fed's plans to hold rates near zero through 2023.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
US stocks dropped sharply on Tuesday after Treasury Secretary Janet Yellen said interest...
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Treasury Secretary Janet Yellen says a 'shocking' $7 trillion in taxes are going uncollected

10 days ago   |   By Business Insider

Treasury Secretary Janet Yellen.
Manuel Balce Ceneta/AP
Yellen told The Atlantic that the tax gap is a "shocking" $7 trillion over a decade.
Her remarks reflect the White House's resolve to collect taxes from high earners and big firms to cover their spending.
Treasury has said the tax gap could worsen if no additional action is taken.
See more stories on Insider's business page .
Treasury Secretary Janet Yellen said a "shocking" amount of taxes are going uncollected by the federal government, and urged additional action to fetch this money from the wealthiest Americans. "It's really...
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Target, Starbucks, and other retailers may face a 'horrible' new wave of...

Target, Starbucks, and other retailers may face a 'horrible' new wave of confrontations over masks following updated CDC rules

Summary List Placement The Centers for Disease Control and Prevention's relaxing of rules around wearing masks to slow the spread of the coronavirus is likely to create an ugly... Read more ...

A guide to data mining, the process of turning raw data into business insights

A guide to data mining, the process of turning raw data into business insights

Summary List Placement Data mining is a process that turns raw data into actionable insights for businesses and institutions - it is a branch of analytics that finds patterns... Read more ...

Europe's 4 Visegrad nations lift some travel restrictions

Europe's 4 Visegrad nations lift some travel restrictions

WARSAW, Poland - Europe's four Visegrad countries on Friday lifted travel restrictions between the Czech Republic and Hungary for people vaccinated against COVID-19 and... Read more ...

Just 45% of House Republicans say they've been vaccinated while 100% of...

Just 45% of House Republicans say they've been vaccinated while 100% of congressional Democrats say they've gotten the shot

Summary List Placement Every single Democratic lawmaker in the House and Senate says they've received a COVID-19 vaccine, according to a new CNN survey. Things are quite... Read more ...

The Latest: Delta Air Lines requires shots for new workers

The Latest: Delta Air Lines requires shots for new workers

ATLANTA - Delta Air Lines will require new employees to be vaccinated against COVID-19 starting on Monday. Read more ...

Lumber prices fall for the 5th straight day in a reprieve for surging...

Lumber prices fall for the 5th straight day in a reprieve for surging commodity prices

Summary List Placement Lumber futures fell for the fifth straight day on Friday in the longest losing streak for the commodity in 2021. The fall brings a reprieve for home... Read more ...

Mississippi River traffic reopened under damaged bridge

Mississippi River traffic reopened under damaged bridge

MEMPHIS, Tenn. - River traffic has reopened on the Mississippi River near Memphis, Tennessee, three days after it was closed when a crack was discovered in the Interstate 40... Read more ...

Billionaire Mike Novogratz reveals that crypto makes up 85% of his wealth...

Billionaire Mike Novogratz reveals that crypto makes up 85% of his wealth - and says ether can surge another 23%

Summary List Placement Galaxy Digital Holdings founder and CEO Mike Novogratz recently revealed that cryptocurrencies make up 85% of his net worth, translating to a staggering... Read more ...

Fuel Shortages Should Ease Over Coming Days As Colonial Fully Restarts Pipelines

Fuel Shortages Should Ease Over Coming Days As Colonial Fully Restarts Pipelines

The supply chain for fuels like gasoline will take several days to return to normal after Colonial restarted a critical pipeline that was shut down this month. Read more ...

Facebook loses last ditch attempt to derail DPC decision on its EU-US data flows

Facebook loses last ditch attempt to derail DPC decision on its EU-US data flows

Facebook has failed in its bid to prevent its lead EU data protection regulator from pushing ahead with a decision on whether to order suspension of its EU-US data flows. The... Read more ...