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Fed’s Williams say high market prices justified by economic growth and low rates

19.02.2021

New York Federal Reserve President John Williams said Friday that high prices for stocks and other assets are justified in light of a growing economy and low interest rate landscape. …

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Finance

Citadel billionaire Ken Griffin defends Melvin stake against ‘an insane conspiracy theory’

19.02.2021

Ken Griffin, the billionaire CEO of hedge fund Citadel, defended his $2 billion investment in short seller Gabe Plotkin’s Melvin Capital last month amid the height of the GameStop mania. …

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Finance

Stocks making the biggest moves midday: Palantir, Applied Materials, Deere & more

19.02.2021

The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland Januar 22, 2020. Arnd Wiegmann | Reuters Check out the companies making headlines in midday trading.  Applied …

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Finance

Taxpayers may be victims of unemployment fraud. The IRS wants to help

19.02.2021

Samuel Corum/Bloomberg via Getty Images Many Americans will get an unwelcome surprise this tax season: the realization they were victims of unemployment fraud. Millions of workers have collected jobless benefits …

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Finance

Stocks making the biggest moves in the premarket: Deere, Dropbox, Novavax & more

19.02.2021

Take a look at some of the biggest movers in the premarket: Deere (DE) – The heavy equipment maker earned $3.87 per share for its fiscal first quarter, compared to …

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Finance

The second dose of Covid vaccine is needed for complete immunity, infectious disease specialist Dr. Paul Offit says

19.02.2021

The second dose of Covid-19 vaccine is crucial in creating longer and complete immunity as well as preventing variants of the virus, according to Dr. Paul Offit, director of the …

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Finance

Stock futures held steady in overnight trading after Yellen pushes for more stimulus

19.02.2021

Traders on the floor of the New York Stock Exchange. Source: The New York Stock Exchange Stock futures were flat in overnight trading on Thursday after Treasury Secretary Janet Yellen said …

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Finance

Citadel’s Ken Griffin defends controversial Wall Street practice, says firm would adapt if it were outlawed

19.02.2021

During Thursday’s GameStop hearing, Citadel Securities’ Ken Griffin defended a controversial method brokerages use to make money, and said his firm would adapt if new regulations prohibited the practice. Lawmakers …

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Finance

Biden tax hikes would likely phase in slowly, Treasury Secretary Yellen says

19.02.2021

Former Federal Reserve Chair, Janet L. Yellen, President- elect Joe Biden pick to be Treasury Secretary, speaks at the Queen in Wilmington, DE on December 1, 2020. Demetrius Freeman | …

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