Biden To Nominate Progressive Favorite Khan For FTC Commissioner
U.S. President Joe Biden is likely to nominate progressive favorite Lina Khan to head the Federal Trade Commission, according to a report. Khan was an FTC fellow for her predecessor...
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China Resumes Debt Reduction Campaign Amid COVID-19 Recovery
China is resuming its debt reduction campaign this year to balance financial risks amid a recovery from the COVID-19 pandemic, according to the government's work report. Deleveraging is one of...
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Global Stocks Rise as Equity Futures Rise, Bond Yields Ease
Global stocks recovered on Tuesday's session on the back of higher U.S. equity futures and the drop in both American and European yields, according to Reuters. NASDAQ futures gained 1.6%...
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U.S. Can Deliver Stimulus Checks Immediately, But IRS Faces Hurdles
The United States government should be able to start delivering $1,400 stimulus checks once a new aid bill is passed, according to Reuters. Tax experts say the checks could be...
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Silver Price Could Fall to $24 as the US Bond Yields Rise
The silver price dropped for the third consecutive week as investors exited relatively risky assets. It is trading at $25.30, which is 16% below the year-to-date (YTD) high of $30....
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Senate Democrats Release Updated $1.9 Trillion Stimulus Plan
The updated $1.9-trillion stimulus plan was revealed by Senate Democrats on Thursday. The measure is expected to be passed by the chamber by the end of the week, according to...
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China Details Five-Year Plan, to Strengthen Enforcement in Hong Kong
On Friday, China detailed its plans for the next five years, including stronger constitution enforcement in Hong Kong, according to SCMP. Chinese Premier Li Keqiang said China will continue with...
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Jobless Claims Up in Last Week of February
Initial jobless claims climbed slightly last week after declining in the previous two, data released by the Labor Department revealed. Weekly unemployment claims totaled 745,000 in the week ended February...
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Massachusetts Commonwealth Secretary Suing Robinhood
Massachusetts Commonwealth secretary William Galvin is suing Robinhood brokerage firm for taking advantage of "young and inexperienced" investors, according to Bloomberg. Galvin's office filed the suit in December. He said...
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GM Planning Second U.S. Battery Plant with South Korean Partner
General Motors Co. plans to build a second battery factory in the United States with its South Korean partner LG Chem Ltd., according to a report citing unnamed sources. The...
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Exxon Takes Macquarie To Court in $11.7M Lawsuit Over Missed Deliveries
Exxon Mobil Corp. is taking Australia's Macquarie Energy to court in an $11.7 million lawsuit over missed deliveries in February, according to Reuters. Exxon is asking the Texas court to...
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