Stock Groups

Yellen sees inflation staying higher for the next several months

Treasury Secretary Janet YellenIt was warned Tuesday that inflationary pressures could persist in the U.S. Economy for a time. This is less than a week following J, Federal Reserve Chairmanerome Powell called inflation “frustrating,”CNBC’s Yellen said that although the price hikes caused by various factors will eventually be reversed, she isn’t sure when. She said […]

Stock Groups

Janet Yellen says U.S. faces recession if Congress doesn’t act

Janet Yellen, U.S. Treasury secretary, spoke at a House Financial Services Committee hearing held in Washington, D.C., U.S.A, Thursday, September 30, 2021. Sarah Silbiger | Bloomberg | Getty Images Treasury Secretary Janet YellenTuesday’s statement by Ms. Smith was a warning that the U.S. will fall into recession if Congress doesn’t address the limit on borrowing […]

Stock Groups

Biden pushes Congress to raise debt limit this week, slams GOP

U.S. President Joe Biden gives remarks from the State Dining Room of White House Washington, U.S. Oct 4, 2021. Jonathan Ernst | Reuters President Joe BidenOn Monday, Republicans were blamed for blocking attempts to increase or suspend the U.S. borrowing cap and avoid a first default ever on the nation’s debt. President Trump rebuked the […]

Stock Groups

Yellen lends support for effort to remove the debt ceiling altogether

Treasury Secretary Janet Yellen attends the House Financial Services Committee hearing in Washington, September 30, 2021. Al Drago | Pool | Reuters With a potential default looming for the U.S. in October, Treasury Secretary Janet Yellen said Thursday she would just as soon see the power over debt limits taken away from Congress. Yellen indicated […]

Stock Groups

Stock futures are slightly higher after rising rates hit tech stocks

U.S. stock index futures inched higher during overnight trading on Wednesday, after tech stocks dipped again as investors digest the impact from higher rates. Futures contracts linked to the Dow Jones Industrial Average gained 81%, or 0.24%. S&P 500 futures advanced 0.24%, while Nasdaq 100 futures gained 0.24%. The Dow and S&P 500 inched higher […]

Stock Groups

Congress must raise the debt limit by Oct. 18, Yellen warns

U.S. Treasury Secretary Janet Yellen testifies before the Senate Appropriations Subcommittee on Financial Services about the FY22 Treasury budget request on Capitol Hill in Washington, DC, June 23, 2021. Greg Nash | Pool | Reuters Treasury Secretary Janet Yellen on Tuesday told House Speaker Nancy Pelosi that Congress has just under three weeks to address […]

Stock Groups

Six former Treasury secretaries urge Congress to move swiftly

Raindrops are illuminated by a camera flash, as the Hurricane Ida passes over the region, at the U.S. Capitol in Washington, September 1, 2021. Reuters Six former Treasury secretaries on Wednesday urged Congress to take quick action to raise or suspend the U.S. debt ceiling or else risk “serious economic and national security harm.”| Reuters […]

Stock Groups

5 things to know before the stock market opens Tuesday, Sept. 21

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to rebound after Monday’s sharp decline A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Sept. 20, 2021. Bloomberg – Getty Images Wall Street fell […]

Stock Groups

5 things to know before the stock market opens Monday, Sept 20

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to drop 600 points in global market sell-off Trader on the floor of the NYSE Source: NYSE Global stock markets tumbled Monday, with Dow futures’ decline of more than 600 points, or more than 1.6%, […]