Stocks tick higher after Fed chair Powell comments
U.S. stocks closed higher after a choppy trading session on Tuesday, as investors digested comments from Federal Reserve Chair Jerome Powell about how long central bank may need to tame…
Business
Wall Street stocks drift ahead of Fed’s Powell speech
A gauge of global equities edged lower and the dollar inched up on Tuesday as markets awaited the Federal Reserve chief Jerome Powell’s speech at the Economic Club of Washington,…
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Britain gets closer to launching a digital currency
The Bank of England (BoE) and Britain’s finance ministry think the UK is likely to need to create a central bank digital currency (CBDC) later this decade, the Telegraph newspaper…
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Big tech job cuts keep coming; Dell to trim headcount
In just the past month there have been nearly 50,000 job cuts across the technology sector. Large and small tech companies went on a hiring spree in over the past…
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US futures sink after US jobs data fan rate hike fears
Stock futures indicate major Wall Street indices are expected to open lower this week that will see a crucial speech by Federal Reserve Chair Jerome Powell at the Economic Club…
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Disney unions reject offer covering 45,000 workers
Unionized workers at Disney World have rejected a contract proposal from the company that would have given them at least a $1 an hour raise each year over the five-year…
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Treasury makes more ESUVs eligible for tax credits
The U.S. Treasury Department said Friday it will make more Tesla (TSLA.O), Ford Motor (F.N), General Motors (GM.N) electric vehicles eligible for up to $7,500 tax credits after it revised…
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Wall Street’s rally stalls on hot jobs, cold earnings
Wall Street’s main indexes edged lower on Friday after data showed the economy added jobs at a rapid pace last month, feeding into fears that the Federal Reserve could keep…
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Indian tycoon Adani hit by more losses, calls for probe
India’s Adani Group has reached out to banks to try to allay their concerns as some consider tighter credit rules for the embattled conglomerate after a botched $2.5 billion share…
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US adds strong 517,000 jobs despite Fed hikes
U.S. job growth accelerated sharply in January amid a persistently resilient labor market, but a further moderation in wage gains should give the Federal Reserve some comfort in its fight…
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European Central Bank hikes rates, vows more raises
The European Central Bank raised interest rates by 0.5% on Thursday and explicitly signaled at least one more hike of the same magnitude next month, reaffirming it would stay the…
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