Tag: Janet Yellen

Stock futures slip as Wall Street wraps up first week of second-quarter earnings

Futures contracts tied to the U.S. stock indexes slipped during the overnight session Thursday evening as Wall Street neared the end of the first major week of second-quarter earnings reports. Contracts linked to the S&P 500 lost 0.1%, while Dow futures lost 32 points. Nasdaq 100 futures shed less than 0.1%. The moves in the […]

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New Covid outbreaks a top risk to economic recovery, OECD chief says

Covid-19 vaccinations without prior registration being done at Sector 30 district hospital on June 22, 2021 in Noida, India. Sunil Ghosh | Hindustan Times | Getty Images New outbreaks of Covid-19 remain one of the top risks to a global economic recovery, the OECD’s secretary-general has warned, calling for developed nations to support less-developed nations […]

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Wealthy investors are worried about inflation, CNBC millionaire survey shows

Shoppers maintain safe distance in a checkout line in Torrance, Calif. Al Seib | Los Angeles Times | Getty Images The coronavirus pandemic is subsiding, but the new normal might not look the same as 2019. One reason why: The prices of some goods and services have crept up due to inflation and could continue […]

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These charts show the highest and lowest corporate tax rates around the world

Britain’s Chancellor of the Exchequer Rishi Sunak (center), U.S. Treasury Secretary Janet Yellen (right) attend the first day of the G-7 Finance Ministers Meeting at Lancaster House in London on June 4, 2021. Stefam Rousseau | AFP | Getty Images Finance ministers from the Group of Seven (G-7) advanced nations agreed on Saturday to back […]

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Interest rates may need to rise modestly, says Janet Yellen

US interest rates may need to rise to prevent the economy from overheating as more of US President Joe Biden‘s economic investment programs come on line, US Treasury Secretary Janet Yellen suggested in remarks released Tuesday. “It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat, […]

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Stock futures tick higher as pressure on tech stocks pauses

Traders on the floor of the New York Stock Exchange Source: NYSE Futures contracts tied to the major U.S. stock indexes inched higher at the start of the overnight session Wednesday evening after pressure on technology stocks sent the Nasdaq Composite down 2% during the regular session. Dow futures rose 30 points, while contracts tied […]

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Bitcoin bounces back, surging above $50,000 after more buying from Square

Bitcoin virtual crypto currency price is displayed on a phone screen in this photo. STR | NurPhoto | Getty Images Bitcoin’s price roared back Wednesday after a sharp sell-off, climbing above $50,000 again as Square announced it had purchased $170 million worth of the cryptocurrency. At 4 a.m. ET, the world’s most valuable digital coin […]

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