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Jerome Powell Speaks Following Fed Projections: Live Updates Jerome Powell, the chair of the Federal Reserve, is holding a news conference after Fed officials underscored their resolve to continue supporting the American economy's recovery from a bruising pandemic. The central bank released a fresh set of ...
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Dollar firms as US yields tick up ahead of Fed guidance LONDON (Reuters) - The U.S. dollar firmed on Wednesday with 10-year Treasury yields close to 13-month highs ahead of a Federal Reserve policy meeting which could shed some light on the timing of future rate hikes and the central bank's tolerance for ...
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Coinbase valuation pegged at $68 billion ahead of landmark US listing (Reuters) - Coinbase Global Inc, the largest U.S. cryptocurrency exchange, said on Wednesday recent private market transactions had valued the company at around $68 billion this year ahead of a planned stock market listing. Slideshow ( 2 images ).
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Fed's Dot Plot May Back Up Powell's Patience: Decision-Day Guide While Federal Reserve Chair Jerome Powell has promised to maintain aggressive support of the U.S. economy, the central bank's quarterly economic forecasts will show how many of his colleagues share his commitment. The Federal Open Market ...
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Oil climbs as surprise drop in US crude stocks outweighs European vaccine woes SINGAPORE (Reuters) - Oil prices climbed on Wednesday as investors weighed a recovery in U.S. refinery activity as industry data showed U.S. crude stockpiles unexpectedly fell last week against concerns of rocky demand in Europe. FILE PHOTO: A sticker ...
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Dollar firms as US yields march on ahead of Fed guidance LONDON (Reuters) - The U.S. dollar firmed on Wednesday with 10-year Treasury yields hitting fresh 13-month highs ahead of a Federal Reserve policy meeting which could shed some light on the timing of future rate hikes and the central bank's tolerance for ...
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Oil slips further on Europe demand concerns LONDON (Reuters) - Oil slipped for a fourth day on Wednesday as concerns about weaker demand in Europe outweighed an industry report that showed U.S. crude inventories fell unexpectedly last week. FILE PHOTO: A pump jack operates in the Permian ...
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Bitcoin Looks Risky At $55k, But These Crypto Stocks Could Be A Better Bet Cryptocurrency prices have surged this year, with Bitcoin now up by around 90% since early January, trading at levels of around $55k currently. However, Bitcoin looks quite risky at current levels due to a couple of factors. With Covid-19 cases on the decline, ...
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Oil falls further on demand outlook, US stock build NEW YORK (Reuters) - Oil slipped for a fourth day on Wednesday, weighed down by expectations of weaker demand in Europe and by rising U.S. crude inventories. FILE PHOTO: A sticker reads crude oil on the side of a storage tank in the Permian Basin in ...
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Australia's biggest lender to take on Afterpay, PayPal in buy now, pay later race (Reuters) - Commonwealth Bank of Australia became the nation's first major lender to offer its own "buy now, pay later" service on Wednesday, taking on U.S. giant PayPal Inc and local heavyweight Afterpay Ltd with the promise of lower fees. FILE PHOTO: An ...
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