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5 things to know before the stock market opens Friday, Dec. 3

These are the top news, trends, and analyses that traders need in order to get started with trading. 1. After Wall Street’s huge rally, stock futures rose one day later Traders in New York City work at the New York Stock Exchange (NYSE), December 02, 2021. Spencer Platt | Getty Images U.S. stock futures roseFriday’s […]

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5 things to know before the stock market opens Tuesday, Nov. 30

Investors need the latest news, trend and analysis to get started with trading. 1. Dow futures fall 400 points after omicron worries resurface A trader works on the floor of the New York Stock Exchange (NYSE) at the start of trading on Monday following Friday’s steep decline in global stocks over fears of the new […]

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Fed Chair Powell says omicron variant poses risk to economy, complicates inflation

Jerome Powell, Chairman of the Federal Reserve, testifies at a hearing by the Senate Banking, Housing and Urban Affairs Committee on the CARES Act, held at Hart Senate Office Building, Washington, DC, U.S.A, September 28th, 2021. Kevin Dietsch | Reuters Federal Reserve Chairman Jerome PowellConsiders that Covid-19’s omicron version and an increase in coronavirus cases […]

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Congress aims to pass funding bill

On Wednesday, October 6, 2021, the U.S. Capitol was opened in Washington, D.C. Bloomberg | Bloomberg | Getty Images Wall Street and Washington expressed optimism Monday about the possibility that Congress would pass legislation to fund government and avoid a partial shutdown by Friday. Uncertain how long the lawmakers would keep trying to run the […]

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The current inflation run is similar to other episodes in history, but with important differences

On Thursday, November 11, 2021, groceries of a customer are picked up in a San Francisco store. Getty Images| Bloomberg | Getty Images The critical supply chain is strained. The demand rises. Inflation is a major concern. Prices rise and people start to panic about it. It is 1945 or 1946? 1916? 1974? Answer: All […]

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Biden says he will announce Fed chair pick ‘fairly quickly’ with Powell term up in February

Jerome Powell, Federal Reserve Chairman, speaks during a Senate Banking, Housing and Urban Affairs Committee hearing about the CARES Act, in Washington, DC, U.S.A, September 28, 2021. Kevin Dietsch | Reuters WASHINGTON – President Joe Biden said Tuesday that his administration will announce “fairly quickly” a nominee to chair the Federal Reserve, without specifying if […]

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Yellen tells Biden that Fed Chair Powell has done a ‘good job’ as renomination looms

Treasury Secretary Janet YellenAccording to her, she discussed with President Joe Biden the steps he would take in naming the Federal Reserve Chairman and gave credit to the current holder. Although she didn’t reveal any plans Biden had, Yellen stated that she was very supportive of the current Chairman. Jerome Powell “I spoke to him […]

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Treasury Secretary Yellen says it’s ‘appropriate, fair’ that wealthy pay more in Biden bill

Treasury Secretary Janet YellenCNBC reported Friday that the President’s $1.75 Trillion Framework was approved by CNBC Joe Biden’Partly, wealthy Americans are asked to pay higher taxes in order to “fully fund” the country’s social policies and climate. “We attempted to devise a package revenue raising measures that would be accepted by members of Congress. “We […]

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Treasury Secretary Yellen says spending bills will be anti-inflationary, lowering important costs

Janet Yellen, Treasury Secretary, stated Friday that the Administration’s proposal for infrastructure spending will reduce inflation through lowering several essential costs to households. Yellen spoke to CNBC in Rome, where she was attending the G-20 conference for global leaders. She reiterated her call for White House spending plans which are not supported by several sections […]