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Federal Reserve's Digital Dollar Momentum Worries Wall Street As soon as July, officials at the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology, which have been developing prototypes for a digital dollar platform, plan to unveil their research, said James Cunha, who leads the project for the ...
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Yellen, Powell to Face Deficit, Inflation Fears at Congress Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell will enter a heatedly partisan arena on Tuesday to kick off two days of congressional hearings assessing the economic policy response to the Covid-19 crisis. Less than two weeks ...
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Covid-19 Live Updates: AstraZeneca Vaccine Is 79% Effective in US Study Biden's $1.9 trillion challenge: End the coronavirus crisis faster. The subway is the lifeblood of New York, but can it bounce back? Netanyahu hopes that vaccinations ...
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Oil steadies after sell-off but European lockdowns hurt outlook for demand recovery NEW YORK (Reuters) -Oil steadied on Monday as hopes for a pick-up in demand later this year helped arrest last week's broad sell-off, but prices stayed under pressure as new European coronavirus lockdowns made a quick recovery look less likely.
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AstraZeneca's Covid-19 Vaccine Is Found to Be 79% Effective in US Study The coronavirus vaccine developed by AstraZeneca and the University of Oxford provided strong protection against Covid-19 in a large clinical trial in the United States, completely preventing the worst outcomes from the disease, according to results ...
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Biden administration not confident Johnson & Johnson will meet 20 million goal by end of month The US Food and Drug Administration granted Johnson & Johnson's coronavirus vaccine emergency use authorization nearly a month ago, but the company has struggled to ramp up production, been slow to submit paperwork and failed to meet production ...
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Fed Chair Powell: US economy looks to be strengthening (Reuters) - The U.S. economy is "much improved," Federal Reserve Chair Jerome Powell said on Monday, crediting Congress and the central bank both for providing "unprecedented" support, but at the same time warning that the recovery is still "far from ...
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Oil slides as European lockdowns hurt outlook for demand recovery NEW YORK (Reuters) - Oil prices eased further on Monday after a broad sell-off last week, as new European coronavirus lockdowns made a quick demand recovery look less likely. FILE PHOTO: A sticker reads crude oil on the side of a storage tank in the ...
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Big Tech Showdown Looms As Biden Taps Top Critics Lina Khan, Tim Wu Lina Khan, a prominent antitrust scholar who advocates for stricter regulation of Big Tech, may be about to become one of the industry's newest watchdogs. President Biden on Monday nominated Khan to the Federal Trade Commission, an agency tasked with ...
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US economy is 'on the brink' of a complete recovery, says Richmond Fed's Barkin Richmond Federal Reserve Bank President Thomas Barkin said he's hopeful that the U.S. economy is "on the brink of completing this recovery." But Barkin said he's still worried about "scarring," or damage left behind by crises that will suppress growth ...
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