Posts in tag

Federal Reserve


Selling in U.S. government bonds accelerated on Thursday, sending yields soaring again as uncertainty over the pace of economic expansion continued to unsettle financial markets. The yield on the benchmark 10-year Treasury note, which rises when bond prices fall, jumped above 1.7% for the first time since the pandemic in early trading Thursday. Declines spread …

Technology companies led losses among U.S. stock futures as investors awaited the Federal Reserve’s latest economic outlook and any signals on interest rates and bond purchases for the next few years. Futures tied to the tech-heavy Nasdaq-100 slipped 1.3%, while S&P 500 futures fell 0.4%. Contracts tied to the Dow Jones Industrial Average were relatively …

(AP) – The stock market posted its biggest drop since October Wednesday, led by declines in several Big Tech companies. The S&P 500 gave up 2.6%. The benchmark index had set a record high just two days earlier. The selling was broad, though technology giants including Facebook, Netflix and Google’s parent company accounted for a …

About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features © 2020 Google LLC WATCH LIVE: Fed Chairman Jerome Powell speaks on monetary policy amid Covid-19 pandemic – 9/16/2020 – YouTube Source link

Americans collectively hold a staggering $1.6 trillion in student loan debt, and only half were paying it down — before the coronavirus crisis and recession hit. In what is surely welcome news for borrowers nationwide, many will be getting a break on those balances. The U.S. Department of Education, which oversees federally-backed student loans, says …

Chip Somodevilla/Getty Fed Chair Jerome Powell said at a Senate hearing on Wednesday that Americans are “getting nothing” in return for what the US spends on healthcare. “The outcomes are perfectly average for a first-world nation, but we spend 6 to 7% of GDP more than other countries. So it’s about the delivery. That’s a …

10.19am EDT 10:19 Trump mentions scrapped Taliban peace talks at Pentagon’s 9/11 memorial ceremony The president has just finished speaking at the Pentagon’s memorial ceremony for the 18th anniversary of the 9/11 attacks. It’s safe to say he likely went off the teleprompter a bit. Most notably, Trump invoked his scrapped plans to hold peace …

Federal Reserve Chairman Jerome Powell at a House Financial Services committee meeting on July 10, 2019.Photo: Susan Walsh (AP) Facebook’s already-troubled Libra cryptocurrency project, which has already run into significant opposition among the U.S. House Committee on Financial Services and the Senate Banking Committee, is running headlong into further resistance from regulators. On Wednesday, Wired …

Judy Shelton, U.S. executive director for the European Bank for Reconstruction and Development, speaks during an interview in Washington, D.C on May 29, 2019. President Trump says he will nominate her to be a Federal Reserve governor. (Andrew Harrer/Bloomberg). President Trump plans to nominate Christopher Waller and Judy Shelton to fill the two remaining seats …