Janet Yellen, Biden’s nominee for Treasury Secretary, is expected to tell the Senate Finance Committee in her confirmation hearing Tuesday that more federal aid will be needed to help the nation’s economy recover from the COVID-19 pandemic. … [Read more...] about Asian Markets Rebound Tuesday as World Awaits New US Admin
Stock market highs and lows
Dow jumps 250 points on final day of Trump presidency
Markets are anticipating that Congress will enact some portion of President-elect Joe BidenJoe BidenWoman accused of trying to sell Pelosi laptop to Russians arrested Trump gets lowest job approval rating in final days as president Trump moves to lift coronavirus travel restrictions on Europe, Brazil MORE's $1.9 trillion COVID-19 relief proposal, which has earned support from business and labor groups alike. … [Read more...] about Dow jumps 250 points on final day of Trump presidency
Goldman Sachs posts impressive earnings thanks to Wall Street’s strength
And Goldman Sachs is looking to bolster Marcus further. Goldman Sachs announced last week it was partnering with card issuing company Marqeta, which Goldman Sachs has a stake in, to begin offering digital checking accounts to Marcus customers later this year. … [Read more...] about Goldman Sachs posts impressive earnings thanks to Wall Street’s strength
Janet Yellen is heading to Congress. The stakes have never been higher
Big picture: Economists say momentum from China's economy will be crucial to power a global recovery in 2021. On that front, too, there was good news: GDP grew 6.5% in the fourth quarter compared to a year ago, faster than the 4.9% growth logged during the third quarter. … [Read more...] about Janet Yellen is heading to Congress. The stakes have never been higher
Google-Funded Conservative Groups Urge Congress to Avoid Antitrust Action Against Big Tech
‘That is entirely false, and there is no reason why anyone should think that. Google did not participate in any part of the process of drafting the letter. I was the sole drafter of the letter,” Ashley Baker, the group’s director of public policy, said. … [Read more...] about Google-Funded Conservative Groups Urge Congress to Avoid Antitrust Action Against Big Tech