Tag: Business News

What Fed Chair Powell’s hawkish turn means for the market, economy

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., on Tuesday, Nov. 30, 2021. Al Drago | Bloomberg | Getty Images Stocks…

Wharton’s Jeremy Siegel says inflation will be with us for more than a year – CNBC TV

Wharton’s Jeremy Siegel says inflation will be with us for more than a year  CNBC TV .

General Motors will form a new joint venture to produce critical materials for electric vehicles

Production is now set to begin at the former assembly plant in Detroit-Hamtramck, less than two years after General Motors announced a massive $2.2 billion investment to renovate the entire facility to build a variety…

Economic data also show alarming statistics, Finance Minister. Federal Reserve Vice Chairman briefs Fed’s testimony – CNBC TV

Economic data also show alarming statistics, Finance Minister. Federal Reserve Vice Chair reviews Fed testimony  CNBC TV .

Inflation is higher and could last longer than expected: AllianceBernstein grant – CNBC TV

Inflation is higher and could last longer than expected: Alliance Bernstein Scholarship  CNBC TV The Fed is preparing to raise interest rates if inflation continues to rise  Fox Business Inflation is here to stay no matter what…

Billionaire investor Jeff Finnick: 2% inflation could remain a friend of the economy in the coming years – CNBC TV

Billionaire investor Jeff Finnick: 2% inflation could remain favorable to the economy in the coming years  CNBC TV .

Ray Dalio says cash is not a safe place right now despite the increased market volatility

Bridgewater Associates’ Ray Dalio He stood by his belief that cash is not the place to be despite the volatility in the markets caused by the new Covid omicron variant. “Cash is not a safe…

Watch Fed Chair Powell and Treasury Secretary Yellen testify live before the House COVID Committee

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Chancellor of the Exchequer Janet YaleN and Chairman of the…

More employers will make vaccinations mandatory as Omicron fears grow

As President Joe Biden’s mandate on an employer vaccine nationwide has been delayed in court, more employers are considering implementing their own requirements. The majority of US employers now have, or plan to have, a…

Here are the changes to know for the 2021 tax season

Another year of battle with the coronavirus has led to major changes to the tax code for the 2021 season. While year-end tax planning is always important, recent adjustments—and the potential for more on the…

What Jim Kramer is watching in the market on Wednesday, including Salesforce

Jim Cramer Scott Millian | CNBC (This article was first sent to CNBC Investing Club members with Jim Cramer. For real-time updates in your inbox, Subscribe here.) What I’m looking forward to on December 1,…

Capital One says it is giving up all overdraft fees for consumers

CEO and Chairman of Capital One, Richard Fairbank. Marvin Joseph | Washington Post | Getty Images capital one It said it is eliminating all overdraft fees for retail banking customers. It’s the largest US bank…

Siemens CEO says supply chain chaos will continue until next summer

Jim Hagemann Snabe is Chairman of the Supervisory Board of Siemens and Chairman of the Board of Directors of the Danish conglomerate AP Moller – Maersk. Ralph Orlowski | Bloomberg | Getty Images The supply…

Live: Fed Powell and Treasury Department Willen testify before the House Financial Services Committee – 12/1/21 – CNBC TV

Live: Fed Powell and Treasury Department Yellen testify before the House Financial Services Committee – 12/1/21  CNBC TV Fed Chairman Jerome Powell retires from the word “temp” in describing inflation  Yahoo Finance Powell pivot on inflation turns…

Toys R Us opens flagship store in American Dream Mall

Toys R Us’ 20,000-square-foot location will open in mid-December at the American Dream megamall in New Jersey. Source: WHP Global Toys R Us is taking another opportunity to open a store in the United States…