Stocks struggled worldwide on Tuesday as a rally in commodity-related assets was eclipsed by a sell-off of tech stocks and investors awaited…
Tag: Jerome Powell
Fed Chairman Powell announces major policy shift in approach to inflation
The U.S. Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run higher than…
U.S. stocks rise on upbeat earnings ahead of Federal Reserve statement
U.S. stocks rose as a slew of positive earnings updates and hopes for assurances of continued support from the Federal Reserve overshadowed concerns…
S&P 500, Dow dive on Powell’s somber economic outlook
As Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes, the S&P 500 and Dow dove on Wednesday…
Fed Chair Powell: Recovery can be ‘robust’ once COVID-19 is contained
Federal Reserve Chairman Jerome Powell said Thursday that the economic rebound following the coronavirus-induced shutdown “can be robust.”
US unemployment claims surge to 3.28 million, shattering record
US unemployment surged to 3.28 million last week, shattering a decades-old record in jobless claims as the coronavirus pandemic forced businesses…
Apple shares surge as investors buy the coronavirus dip
Shares of Apple surged back from a 4-month low to jump 6.3% and lift the S&P 500 more than any other company. The stock market bounced back on Monday…
Dow rallies more than 350 points as U.S. unemployment hits 50-year low
The U.S. economy added 136,000 jobs in September as the unemployment rate fell to 3.5 percent, its lowest since 1969, the Bureau of Labor Statistics said…
Apple will buy Tesla – and other outrageous predictions for 2019
What price Apple to buy Tesla in 2019?
