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Fed"s Powell points to further gradual rate increases
CHICAGO (Reuters) - The Federal Reserve will likely need to keep raising interest rates to keep inflation under control, Fed Chairman Jerome Powell said in a speech on the economic outlook that did not address the economic risks of rising trade tensions......»»
Read the full text of Mark Zuckerberg"s big "sorry" speech to Europe (FB)
Reuters Facebook CEO Mark Zuckerberg will be in Brussels on Tuesday to apologise to senior Eu.....»»
Bank of Canada holds key rate steady, says its "closely monitoring" NAFTA negotiations
REUTERS/Chris Wattie The Bank of Canada kept its benchmark rate unchanged at 1.5% on Wednesday. The central bank has emphasized taking a gradual approach to raising rates. The decision com.....»»
European Central Bank holds and says rates won"t change until next summer at the soonest
REUTERS/Yves Herman European Central Bank leaves monetary policy entirely unchanged at the September meeting of its go.....»»
Indian rupee sinks to record low after central bank unexpectedly holds rates
Thomson Reuters India's central bank unexpectedly left rates unchanged Friday. The Indian rupee fell to a record low following the announcement. Watch the Indian rupee trade in real time here. India's central bank unexpectedly held rates s.....»»
Buying a first home is "prohibitively expensive" and "almost impossible" for many, says Janet Yellen
Soaring home prices and surging mortgage rates have ruled out home ownership for many people, said Treasury Secretary Janet Yellen. Treasury Secretary Janet Yellen.REUTERS/Jason ReedJanet Yellen told Congress that buying a start.....»»
Fed Holds the Line, Leaving Rates Unchanged in Ongoing Inflation Fight
The Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate on Wednesday following hotter-than-expected inflation and employment cost data. In its familiar refrain, the central bank left the fe.....»»
Euro Extends Decline After ECB Holds Rates At Highs, Hints At Cuts To Come
Euro Extends Decline After ECB Ho.....»»
Square"s CFO reportedly says the company has "no plans" to buy more bitcoin
Square currently holds 8,027 bitcoin worth more than $400 million. Reuters Square chief financial officer Amr.....»»
Stocks Extend Losses After Yellen Says "Rates Will Have To Rise"
Stocks Extend Losses After Yellen Says "Rates Will Have To Rise" Treasury Secretary Janet Yellen is speaking at The Atlantic's "Future Economy Summit" this morning - a speech she pre-recorded yesterday - a.....»»
: Biden’s first speech to Congress: full text
Here is the text of President Joe Biden’s speech, as prepared for delivery to Congress on Wednesday night, as released by the White House......»»
US stocks slip after the Fed maintains its support of the economy
US stocks ended lower on Wednesday after the Fed held rates near zero and maintained the pace of asset purchases of at least $120 billion per month. Kevin Lamarque/Reuters US stocks were lower Wednesday after the Federal Reserve maint.....»»
Fed boosts U.S. economic growth projection to 6.5% this year, holds rates near zero
Growth this year is set to be the fastest since 1984, but higher inflation looms as a threat. Growth this year is set to be the fastest since 1984, but higher inflation looms as a threat......»»
US stocks close mixed as investors await Fed guidance on interest rates
US indexes were mixed Tuesday as investors anxiously awaited comments from Fed chair Jerome Powell at the conclusion of the two-day meeting on Wednesday. Lucas Jackson/Reuters US sto.....»»
Uncertainty surrounding economy holds mortgage rates in place
The 30-year fixed-rate average, which was unchanged at 2.73 percent this week, remains near record lows and is down nearly three-quarters of a percentage point since a year ago......»»
Bank of England downgrades UK growth forecast for 2021 after new lockdown - but holds interest rates as vaccine rollout picks up
The Bank of England was more pessimistic about 2021 growth, but said the UK's speedy vaccine rollout will boost the economy further out. .....»»
India is reportedly asking WhatsApp to reverse a controversial change to its privacy policy that critics said would have shared personal user data with Facebook
India, WhatsApp's biggest market, holds more than 400 million of the app's 2 billion users, per Reuters. Indian Prime Minister Narendra M.....»»
Bank of America"s 4th-quarter profit beats expectations, but revenue drops 10% as low interest rates hurt its consumer banking division
The second-biggest US lender posted a 28% drop in net income to $5.5 billion in the quarter, or $0.59 per share. Brian Moynihan, CEO of Bank of America. Bobby Yip/Reuters Bank of America po.....»»
Wimkin, a free speech network, says it was hit with a "massive" DDoS attack after being banned from Apple"s App Store
Hackers are being blamed for a DDoS attack on Wimkin after Apple and Google removed its app. The network allowed free speech with no fact checking The US Capitol was stormed by Trump supporters in Washington. REUTERS/Erin Scott Apple a.....»»
Biden is considering Russian financial sanctions or other retaliatory action in response to the SolarWinds hack
President-elect Joe Biden is considering a number of options, including sanctions, as a rebuttal to Russia for the SolarWinds hack. President-elect Joe Biden gives a speech in Delaware. Kevin Lamarque/Reuters President-elect Joe Biden i.....»»