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

2 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

2 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

2 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

2 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.
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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

2 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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Elon Musk says dogecoin might be the future of cryptocurrencies - but tells...

Elon Musk says dogecoin might be the future of cryptocurrencies - but tells fans they should still invest carefully

Summary List Placement Elon Musk has said dogecoin could ironically become the future of cryptocurrencies, which could themselves become the future currencies of earth. Despite... Read more ...

Russia-China trade turnover jumps almost 20% since beginning of 2021

Russia-China trade turnover jumps almost 20% since beginning of 2021

The volume of trade between Russia and China has reached $40.207 billion in January-April 2021. That's 19.8% higher than it was in the same period last year, according to... Read more ...

Jack Dorsey's Square reports Q1 bitcoin revenue grew 1,000% to $3.5 billion...

Jack Dorsey's Square reports Q1 bitcoin revenue grew 1,000% to $3.5 billion - and is the 3rd-largest corporate holder of the cryptocurrency

Summary List Placement Square reported first-quarter earnings that beat analyst estimates on Thursday, powered by surging demand for bitcoin. Quarterly revenue from bitcoin... Read more ...

Blood is in the water with Cheney's likely ouster. Now Trump aides are...

Blood is in the water with Cheney's likely ouster. Now Trump aides are casting doubt on McCarthy's prospects for House speaker if the GOP wins the House in 2022

Summary List Placement Lost in the Liz Cheney leadership brawl that's consumed House Republicans this week is an even bigger battle that politicos from Washington to Mar-a-Lago... Read more ...

Corporate Counsel Awards: Liza Akins is designing her own career

Corporate Counsel Awards: Liza Akins is designing her own career

Before entering the world of corporate counsel, Liza Akins was a private practice attorney focused on construction law, primarily in litigation. “I often wished that I had an... Read more ...

Mental health startup Spill has grown from 0 to 203 clients in just over a...

Mental health startup Spill has grown from 0 to 203 clients in just over a year amid COVID-19 boom

Summary List Placement Mental health startups have seen major growth through the COVID-19 pandemic as the effects of multiple lockdowns impact the population. One such growth... Read more ...

Asian indexes rise after US rally; investors await jobs data

Asian indexes rise after US rally; investors await jobs data

TOKYO - Asian shares rose Friday on optimism about the rally on Wall Street and an economic rebound in the U.S., as investors awaited the release of jobs data. Read more ...

The Latest: Washington Gov criticized for reopening plan

The Latest: Washington Gov criticized for reopening plan

TACOMA, Wash. - Washington Gov. Jay Inslee is receiving criticism from lawmakers in his own party over his shifting economic reopening plan, with a group of Democrats from the... Read more ...

May 6th COVID-19 Vaccinations, New Cases, Hospitalizations

May 6th COVID-19 Vaccinations, New Cases, Hospitalizations

President Biden has set two vaccinations goals to achieve by July 4th: 1) 70% of the population over 18 has had at least one dose of vaccine, and 2) 160 million Americans fully... Read more ...

California fire victims see little payout from settlement

California fire victims see little payout from settlement

SAN FRANCISCO - A trust approved by a federal judge to help compensate victims of deadly California wildfires sparked by Pacific Gas & Electric equipment paid survivors just $7... Read more ...