Economic News

By Geoffrey Smith  Investing.com -- Joe Biden will be sworn in as President, a day after the death toll from Covid-19 hits 400,000. Netflix stock is set to soar after a stellar...

(Bloomberg) -- Janet Yellen’s nomination for Treasury secretary could be approved by the Senate as soon as Thursday, senators indicated during her confirmation hearing. Ron Wyden,...

By Geoffrey Smith  Investing.com -- Janet Yellen, Treasury Secretary designate, has her confirmation hearing in the Senate. Goldman Sachs (NYSE:GS) and Netflix (NASDAQ:NFLX) report...

(Bloomberg) -- China’s top financial regulator dismissed claims the nation is distorting its economy through “state monopoly capitalism” as pressure grows on China to align more...

(Bloomberg) -- China’s $1 trillion sovereign wealth fund is restructuring how its decides on international investments as it tries to boost efficiency and make better progress on a...

By Geoffrey Smith  Investing.com -- China’s economy grew faster than expected in the fourth quarter, allowing it to post growth of 2.3% for the whole of 2020. Joe Biden plans to...

(Bloomberg) -- Price growth in Europe’s largest economy is likely to be “clearly positive” this month for the first time in half a year, according to the Bundesbank. After the...

(Bloomberg) -- The U.S. government notified several of Huawei Technologies Co.’s suppliers that it’s revoking their licenses to work with the Chinese company and rejecting other...

By Noreen Burke Investing.com -- Joe Biden will be inaugurated as the 46th president of the United States on Wednesday with investors waiting to see how his plans for stimulus...

(Bloomberg) -- Federal Reserve Bank of Boston President Eric Rosengren said President-elect Joe Biden’s request for $1.9 trillion in economic relief is needed as growth shows signs...

(Bloomberg) -- Times Square is quiet, Broadway is dark, offices are empty. As New York City staggers though January, the cost of this pandemic, both in lives and livelihoods, just...

By Geoffrey Smith  Investing.com -- Earnings season kicks off with JPMorgan (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) all due to release their...

(Bloomberg) -- President-elect Joe Biden’s $1.9 trillion Covid-19 relief plan is designed to both pump money into the economy and contain the coronavirus pandemic. The plan...

(Bloomberg) -- The Trump administration blacklisted Chinese smartphone manufacturer Xiaomi (OTC:XIACF) Corp. for its military links along with the country’s third-biggest oil...

By Yasin Ebrahim Investing.com – Federal Reserve Chairman Jerome Powell said the central bank would allow the labor market to run hot and inflation to move above its 2% target over...

(Bloomberg) -- A gauge of U.S. consumer sentiment dropped last week to a six-month low as Americans’ ratings of their personal finances returned to levels not seen since the...

(Bloomberg) -- Joe Biden’s White House economic team is adding two officials with experience working to close the U.S. racial wealth gap as the president-elect prepares to roll out...