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Tech stocks pare deep losses but still decline as Fed's Powell eases concerns over runaway inflation
5 days ago - By Business Insider
Traders work, as a screen shows Federal Reserve Chairman Jerome Powell's news conference after the U.S. Federal Reserve interest rates announcement, on the floor of the New York Stock Exchange in New York, U.S., October 30, 2019.
Brendan McDermid/Reuters
US stocks pared losses but closed lower on Tuesday after Fed chair Jerome Powell staved off fears of rampant inflation. Stimulus and reopening could lift price growth, but the effect will likely be small and temporary, Powell said. Bitcoin tanked below $49,000 after trading as high as $55,053.91 Monday afternoon as investors snapped up...
Read more ...The Fed is looking carefully at issuing a digital dollar, Chairman Jerome Powell tells Congress
5 days ago - By Business Insider
Sarah Silbiger/Getty Images
Federal Reserve Chairman Jerome Powell told Congress on Tuesday that it is looking carefully at issuing a digital US dollar. Powell called the potential digital dollar a "high priority" project, according to the testimony. The potential issuance of a digital dollar would come amid a surge in cryptocurrencies like bitcoin, which briefly surpassed $1 trillion in market value last week. Sign up here for our daily newsletter, 10 Things Before the Opening Bell Federal Reserve Chairman Jerome Powell told Congress on Tuesday that the Fed is "looking carefully" at...
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The headlines of Travel Mag
Walmart is looking for a new ad agency
Hi and welcome to Insider Advertising for March 1. I'm senior advertising reporter Lauren Johnson, and here's what's going on: Walmart hunts for a new ad agency. Beyond Meat's...
Mexico's Largest Hotel Company Bets Big On Travel's Return With Its First...
The Dominican Republic has added another luxury property to its stable of world-class resorts with the opening of Live Aqua Beach Resort Punta Cana earlier this month.
Rising Death Toll From Distracted Driving Prompts Action
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48 Hours In Brickell, Miami
Looking to dial in from a warmer locale? Brickell is the coolest spot to warm up in Miami.
Catch Everything With a ViviLink Dashcam for Just $23 With This 55% off...
ViviLink T20X 2.5K Dash Cam | $23 | Amazon | Promo code 554M661J
Jaguar Land Rover Is Cutting Capacity By 25 Percent
Jaguar Land Rover is knocking back one quarter of its production over the next five years, Automotive News reports. The news has come via an investor presentation.
Meatpacker JBS will provide COVID-19 vaccines to 8,500 workers in eight states
The Washington Post / Contributor The 8,500 JBS workers are at plant locations including in Colorado, Texas, Utah, and Nebraska. Around 700 workers at an Illinois facility will...
Hyundai's Kona EV Recall Is One Of The Most Expensive In History
Some of Hyundai's electric vehicles have had a pesky problem: they can light on fire. So far, there have been only been 15 reports of fires, but the risk is too great for...
Legacy Manhattan Hotel, The Carlyle, Has A New Clothing Line
Made in collaboration with L.A.'s Frame, east and west coast sensibilities collide.
5 ways to hedge against an inflation spike, plus what it's like to work for...
And welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through what's been happening in markets, as well as what to expect in the coming weeks. Here's...