[ad_1] Chinese President Xi Jinping and hands with then U.S Vice President Joe Biden inside the Great Hall of the People on December 4, 2013 in Beijing, China. Lintao Zhang | Getty Images News | Getty Images Leaders of the Group of Seven agreed there’s a need to de-risk, not decouple from China, and acknowledged … Read more
[ad_1] Janet Yellen, US Treasury secretary, speaks during the Independent Community Bankers Of America (ICBA) Capital Summit in Washington, DC, US, on Tuesday, May 16, 2023. Nathan Howard | Bloomberg | Getty Images Treasury Secretary Janet Yellen said Sunday that “hard choices” will need to be made about which bills will go unpaid if the … Read more
[ad_1] Last Updated: May 19, 2023, 23:46 IST Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, March 22, 2023, in Washington. (AP Photo) All three major U.S. stock indexes turned red as Powell said the central bank has not made any decisions about whether rates are “sufficiently … Read more
[ad_1] The S&P 500 and Nasdaq Composite jumped on Thursday to notch their highest closing levels since August 2022 as Wall Street traders kept focused on debt ceiling negotiations. The major averages ticked higher into the end of the trading session, with the broad-market index adding 0.94% to end at 4,198.05. The Dow Jones Industrial … Read more
[ad_1] Traders on the floor of the NYSE, May 17, 2023. Source: NYSE Stocks rose Wednesday as investors hoped congressional leaders and President Joe Biden could come to a deal on the U.S. debt ceiling and avoid a catastrophic default. The Dow Jones Industrial Average traded 415 points higher, or 1.26%.The S&P 500 gained about … Read more
[ad_1] For the immediate economic and earnings and growth outlook, it almost seems irrelevant whether regional bank stocks rally, steady or sell off more next week. Regional banks were top of mind for investors this past week, as First Republic failed , the SPDR S & P Regional Banking ETF tumbled more than 10% — … Read more
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) on February 27, 2023 in New York City. Spencer Platt | Getty Images Stock futures are modestly lower Monday night as investors prepared for the Federal Reserve’s May policy meeting to kick off. Futures tied to the Dow Jones Industrial Average slipped … Read more
[ad_1] Last Updated: May 02, 2023, 04:00 IST In January, Yellen sent a letter to congressional leaders, stating that her department had begun resorting to “extraordinary measures” to avoid a federal government default. (Image: Janet Yellen/Twitter) On Monday, the Congressional Budget Office reported that it saw a greater risk of the U.S. running out of … Read more
[ad_1] Treasury Secretary Janet Yellen said Monday the U.S. government might not be able to pay its bills as early as June 1 if Congress does not raise or suspend the debt limit. “After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the … Read more
[ad_1] My top 10 things to watch Monday, April 24 1. The Dow , the S & P 500 and the Nasdaq are set for a mixed open Monday. Stocks are in a holding pattern as investors brace for an incoming wave of Big Tech earnings and the Fed’s favorite inflation reading. Twelve Club holdings … Read more