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Tag: Jerome Powell

Wall Street rallies as growth stocks rebound; Twitter slides as Musk puts deal ‘temporarily on hold’

Friday, May 13, 2022 4:01 pm3 Comments

Growth stocks led a rebound in Wall Street’s main indexes on Friday in a week beset by worries aboutrampant U.S. inflation the worsening…

U.S. Federal Reserve signals interest rate hike coming in March in attempt to tamp down raging inflation

Wednesday, January 26, 2022 4:07 pmWednesday, January 26, 2022No Comments

The U.S. Federal Reserve on Wednesday provided the clearest hint yet that it could start raising interest rates as soon as March. Inflation …

Stocks tumble on weak U.S. consumer confidence

Tuesday, September 28, 2021 2:35 pm20 Comments

U.S. consumer confidence this month unexpectedly fell to its lowest since February, intensifying concerns about the economy’s prospects…

Tech stocks power Nasdaq to records; Apple hits new all-time high

Wednesday, September 1, 2021 11:49 am6 Comments

The Nasdaq Composite hit a record high on Wednesday, with high-growth technology stocks in the lead after much-weaker-than-expected…

Nasdaq closes at record high as Big Tech roars back

Tuesday, June 22, 2021 5:15 pmTuesday, June 22, 20212 Comments

The Nasdaq ended at a record high on Tuesday, lifted by Apple, Amazon, and other top-shelf tech companies as investors shifted their focus…


Stocks struggle as tech sell-off eclipses commodities surge

Tuesday, February 23, 2021 9:14 amTuesday, February 23, 20217 Comments

Stocks struggled worldwide on Tuesday as a rally in commodity-related assets was eclipsed by a sell-off of tech stocks and investors awaited…

Fed Chairman Powell announces major policy shift in approach to inflation

Thursday, August 27, 2020 10:37 am1 Comment

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

Wednesday, July 29, 2020 11:43 am5 Comments

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

Wednesday, May 13, 2020 12:04 pmNo Comments

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

Thursday, April 9, 2020 10:34 am3 Comments

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

Thursday, March 26, 2020 9:23 am3 Comments

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

Monday, March 2, 2020 3:30 pmMonday, March 2, 20205 Comments

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

Friday, October 4, 2019 4:19 pm29 Comments

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

Tuesday, December 4, 2018 3:25 pmTuesday, December 4, 20188 Comments

What price Apple to buy Tesla in 2019?

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