U.S. Treasury Secretary Janet Yellen speaks as she joins White House Press Secretary Jen Psaki for the daily press briefing at the White House in Washington, U.S. May 7, 2021. REUTERS/Jonathan ErnstWASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on…
Read MoreBiden: Jobs report shows 'long way to go' in economic recovery
WASHINGTON (Reuters) – President Joe Biden on Friday said there was a “long way to go” before the U.S. economy recovers from a pandemic-spurred slump and urged Washington to do more to help the American people after a disappointing jobs…
Read MoreDow ends at record high after upbeat jobless claims report
(Reuters) – The Dow Jones Industrial Average closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.FILE PHOTO:…
Read MoreDow hits record, cyclicals rise on jobless claims data
(Reuters) – The Dow Jones Industrial Average hit a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers fell after President Joe Biden backed plans to waive patents on COVID-19 shots.FILE PHOTO:…
Read MoreBaseball lifts San Diego's spirits. Can it revive a pandemic-stricken U.S. economy?
SAN DIEGO (Reuters) – It was Saturday night in downtown San Diego, and J Street near the Petco Park baseball stadium was bustling.Major League Baseball fans return to bars and restaurants surrounding Petco Park as the San Diego Padres host…
Read MoreFed's Mester: More progress needed in job market before forward guidance conditions met
May 5 (Reuters) – The U.S. economy is recovering faster than many policy makers had expected, but a “broad-based recovery is taking more time to achieve” and more progress will be needed in the job market before the Federal Reserve’s…
Read MoreChevyland USA Car Museum Collection Goes Up for Auction
In hopes of sharing his passion for classic Chevrolet models, Monte Hollertz, a farmer and car collector, opened the Chevyland USA car museum in Elm Creek, Nebraska. Located a stone’s throw away from Interstate 80, the museum welcomed its first…
Read MoreBiden administration blocks Trump-era rule affecting gig workers
WASHINGTON (Reuters) -The Biden administration on Wednesday blocked a Trump-era rule that would have made it easier to classify gig workers who work for companies like Uber and Lyft as independent contractors instead of employees, signaling a potential policy shift…
Read MoreTreasury's Yellen: Interest rates may need to rise modestly
FILE PHOTO: U.S. Treasury Secretary-designate Janet Yellen in Wilmington, Delaware, U.S., December 1, 2020. REUTERS/Leah Millis(Reuters) -U.S. interest rates may need to rise to prevent the economy from overheating as more of U.S. President Joe Biden’s economic investment programs come…
Read MoreYellen to shake up U.S. bank regulator with new appointment – sources
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen plans to make her mark by naming a new supervisor for a major U.S. banking regulator that Democrats say was too friendly to large banks under the Trump administration, according to two…
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