Federal Reserve officials discussed how they want to reduce their trillions in bond holdings at their March meeting, with a consensus amount around $95 billion, minutes released Wednesday showed. Officials “generally agreed” that a limit of $60 billion in Treasurys and $35 billion in mortgage-backed securities would be allowed to roll off, phased in over […]
HYDERABAD: A day after Bharat Biotech said it is temporarily slowing down the production of its Covid-19 vaccine Covaxin, the World Health Organization (WHO) on Saturday said it was confirming the suspension of supply of Covaxin produced by Bharat Biotech, through UN procurement agencies citing good manufacturing practices (GMP) deficiencies. WHO also said it was […]
A person enters a Walgreens store in San Francisco, California, US, on Tuesday, April 13, 2021. David Paul Morris | Bloomberg | Getty Images Walgreens Boots Alliance on Thursday announced fiscal second-quarter earnings that topped analysts’ expectations, after the omicron variant of Covid-19 intensified demand for booster shots and tests and drove foot traffic during […]
Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, US, July 29, 2021. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Robinhood — Shares of the stock-trading app fell 5.8% […]
US equities futures dipped slightly on Wednesday after stocks extended their rally in the previous session, even as fears of an inverted yield curve sparked recession concerns and continued investors watching developments play out in Ukraine. Futures tied to the Dow Jones Industrial Average slipped by 57 points, or 0.2%. S&P 500 futures fell 0.2%, […]
The body of Foo Fighters drummer Taylor Hawkins was flown home to his devastated loved ones today as Colombian authorities continued to probe the legendary rocker’s suspected overdose. Exclusive DailyMail.com images captured a plain, black casket containing the musician’s remains being loaded onto the band’s tour plane after it flew from LA to Bogota to […]
Crypto investor Katie Haun has raised $1.5 billion for her new fund after leaving Andreessen Horowitz, and shattered multiple records in the process. Haun Ventures’ kickoff marks the largest debut venture fund ever raised by a solo female founding partner, according to Pitchbook. Former investment banker Mary Meeker held the prior record with a $1.3 […]
US Federal Reserve Chairman Jerome Powell addresses an online only news conference in a frame grab from US Federal Reserve video broadcast from the Federal Reserve building in Washington, US, January 26, 2022. US Federal Reserve | via Reuters Federal Reserve Chairman Jerome Powell on Monday vowed tough action on inflation, which he said jeopardizes […]
James Bullard david orrel | CNBC St. Louis Fed President James Bullard said Friday he thinks the central bank should raise interest rates the equivalent of 12 times this year to convince the public it is serious about fighting inflation. As the lone dissenter at this week’s Fed meeting, Bullard said in a statement that […]
Kanye West has been temporarily suspended from Instagram after he used his account to attack his ex-wife, Kim Kardashian, and her boyfriend, Pete Davidson. A spokesperson for Meta, the company that owns the social media platform, told TMZ that the rapper’s posts violated their policies on hate speech, harassment and bullying. West, who has now […]
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