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Larry Summers, former Treasury Secretary and top advisor to President Obama, has come out in opposition to President Biden's $1.9 billion stimulus program, as "inflationary."
Feb 8, 2021 - 08:43:30 PST
Central bank’s purchases of mortgage-backed securities help push down interest rates on home loans, boosting housing tabs and making homes unaffordable for many.
European Central Bank President Christine Lagarde predicted the euro-area recovery will pick up in the summer, while stressing that public authorities will have a difficult job weaning the economy off of emergency support.
European Central Bank President Christine Lagarde pledged monetary support for the economy amid extended coronavirus lockdowns and said governments must do the same.
For Cleanne Brito Machado, like millions of people in developing countries around the world, shopping for staple foods such as rice, beans, oil or potatoes now means making hard choices.
Democrats to Unveil One-Year Plan to Send Up to $3,600 per Child to HouseholdsFeb 8, 2021 - 07:53:37 PST
The plan provides for $3,600 over a year for children under 6 and $3,000 for children under 18, to be distributed in monthly installments by the IRS, starting in July.
Gold futures gained ground Monday, shaking off a stronger dollar and a rise in Treasury yields to extend a bounce after hitting a two-month low last week.
Here Are 10 Differences Between Tom Brady and Jay Powell - One of Them Is About Deflation: BloombergFeb 8, 2021 - 06:56:11 PST
Ten differences between Super Bowl MVP Tom Brady and Federal Reserve Chair Jerome Powell:
His investment company, Electrum Group, quietly built up a silver mining empire over a decade, waiting for long-stagnant prices to rebound. He just didn’t expect it to happen all in one day.
(Bloomberg) -- Over the last week or so, we saw GameStop-inspired flash mobs turn their attention to silver, where they attempted to engineer a squeeze. It didn’t really work out.But silver prices did briefly surge, and for a few days, retail silver coin sites were totally sold out. So why did this happen, and why does silver tend to attract phenomenons like this?
Global markets from U.S. and European bonds to stocks and oil are sending a clear signal: inflation is finally coming back.Thirty-year Treasury yields topped 2% for the first time in a year and the market-implied pace of U.S. consumer-price increases accelerated to the fastest since 2014, as rising expectations for an economic recovery fueled an oil rally.
* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E * Jobs data takes shine off dollar rebound * Investors looking to U.S. CPI, timing of stimulus * Ethereum falls in spot market as traders eye futures debut By Stanley White TOKYO, Feb 8 (Reuters) - The dollar nursed losses...
The writer is the Chief Economist of Enodo Economics There is an increasing risk that long-term tensions between China and the United States over Taiwan could lead to military hostility. It puts the island at the forefront of geopolitical risk for US President Joe Biden. Conflicts do not have to occur by design. revelation How …
U.S. Treasury’s Yellen: Americans Earning $60,000 Should Get Stimulus ChecksFeb 8, 2021 - 05:39:30 PST
U.S. Treasury Secretary Janet Yellen said on Sunday that American workers who earn $60,000 per year should receive stimulus checks as part of the White House's proposed $1.9 trillion coronavirus relief package.
In making the case for a mammoth $1.9 trillion economic relief package, President Joe Biden and his acolytes had maintained that economists across the board agreed that now is the time to go big in the fight against the pandemic. Well, so much for that...
Money for nothing. That’s what a fast growing array of financial products dubbed flash loans are promising the crypto faithful. The practice is the latest attempt by the digital-asset crowd to rewrite the rules of financial transactions, removing many of the current gatekeepers from the picture in the search to achieve what they call decentralized finance...
Just as an everything rally propels records in the S&P 500 and inflates risk assets, the bond market is emitting a warning signal to investors that a rapid economic rebound comes with its own dangers.
News, analysis and comment from the Financial Times, the worldʼs leading global business publication
President Joe Biden and his Democratic allies in Congress forged ahead with their $1.9 trillion COVID-19 relief package on Friday as lawmakers approved a budget outline that will allow them to muscle Biden's plan through in the coming weeks without Republican support.
The almost uninterrupted rally in European stocks and corporate bonds over the past year has sent valuation metrics to frothy levels, setting the stage for potential pull-backs as Europe struggles with its vaccine rollout which could imperil the region’s economic recovery.