Fed chair Powell warns virus hurts recovery on easing path
Federal Reserve Chair Jerome Powell warned that a renewed viral outbreak endangers the modest rebound in hiring and spending, justifying keeping interest rates near zero for now. He urged Congress to provide continued relief, noting May and June gains but a fragile job recovery and uncertain path dependent on the pandemic. Powell cited the $2 trillion stimulus and unemployment benefits while signaling more fiscal support will be needed amid negotiations on an extended package.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Jerome Powell
Fed
Congress
Powell
House
Senate
White House
U.S
GOP Unemployment Benefit Plan Faces Payment Delays Across States
A Republican proposal to cut the $600 weekly boost for jobless Americans could delay benefits for weeks or months as states reprogram aging systems. Florida officials note existing delays, while Democrats urge extending the $600 aid to preserve relief during the crisis.
MENTIONED IN THIS ARTICLE
Florida
Anna Eskamani
Orlando
Congress
Antitrust Hearing Focuses on Big Tech Giants
House antitrust subcommittee grilled Sundar Pichai Jeff Bezos Mark Zuckerberg and Tim Cook in a virtual session probing market dominance and the adequacy of U S antitrust laws. Presidents comments and diverse criticisms highlighted concerns over labor practices surveillance censorship and political bias amid ongoing regulatory scrutiny.
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Washington
Big Tech
Congress
House Antitrust Subcommittee
Google
Sundar Pichai
Amazon
Jeff Bezos
Facebook
Mark Zuckerberg
Apple
Tim Cook
House Judiciary Committee
Jerrold Nadler
D-N.y
David Cicilline
D-R.l
Donald Trump
Air Force One
Sarah Miller
Freedom From Facebook
Wall Street Rallies as Fed Keeps Rates Low
Wall Street rose with the S&P 500 up 1.2 percent while the Dow gained 160.29 points and the Nasdaq climbed 1.4 percent after the Federal Reserve kept rates at record lows and signaled ongoing monthly bond purchases of about 120 billion. The move, aided by congressional stimulus, marked a recovery kickoff from the pandemic recession.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
U.S
Fed
Treasury
Kirk Hartman
Wells Fargo Asset Management
Congress
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Associated Press
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Mike Faulk
Jay
Inslee
Susan LeVine
California
David Chiu
Heartland Workforce Solutions
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Bezos
Zuckerberg
the Market IN Review
Dow Jones
S&p
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
Wilshire
Russell
Nyse Anp
Naspaa
KandiTech
Alector
GenElec
Wilhelmina
AMD
Fordm
BlueCity
AmAirlines
At&t Inc
LincNat
MGM Rsts
Actinium P
Macys
Adamisp H
Mallinckdt
MaraPth
Amber
Amé Airlines
Microsoft
Aphria
Moderna
Apple Inc
Newell Br
BcoBrad
BkofAm
NiSource
BarrickGld
NobleEngy
Ndynmnh G
BedBath
Northropg
Bionano
NorwCruis
Boeing
Novan
Boxlight
Ocugen Rs
Carnival
OnDeckCap
Cedarf
Onconv H
OpkoHlth
Cisco
OwensCorn
CocaCola
Pg&e Cp
Comcast
PepsiCo
Ekodak Pe
Pfizer
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HomeDp
TainSemi
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Intel
Tuppare
IBM
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Invacare
Vale SA
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WalMart
Keycorp
WellsFargo
Kinross G
Wendys Co
Kitovah
Yamana G
Kohls
YumBrads
L Brands
Zomedica
Sweet
NYMX
CME
New York Mercantile Exchange
CBOT
Chicago Board of Trade
Chicago Mercantile Sugar (World
ICE
Intercontinental Exchange
Mutua
American
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Fidelity
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Schwab
Vanguard Diversay
Vanguard
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