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May 4, 2021

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Fed’s Barkin sees higher inflation this year, but then a reversal in 2022

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CNBC – For more and to sign up click here Richmond Federal Reserve President Thomas Barkin told CNBC on Monday that he sees inflation pressures building this year that he expects to subside in 2022. “I think we will see price pressure this year. You’ve got a very strong demand......

Fed holds interest rates near zero, sees faster growth and higher inflation

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CNBC – For more and to sign up click here The Federal Reserve on Wednesday declined to let up on its easy-money policy despite an economy that it acknowledged is accelerating. As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at......

A Coinbase-backed start-up quietly powering the NFT boom raises new funding

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CNBC – For more and to sign up click here Alchemy co-founders Nikil Viswanathan (left) and Joe Lau. Source: Alchemy Alchemy, a start-up subtly powering the recent NFT boom, is raising another round of capital as it tries to keep up with the fast-growing industry. The San Francisco-based company announced......

The Fed is unlikely to hint at policy changes next week, even with a stronger economy

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CNBC – For more and to sign up click here Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters Federal Reserve officials next week are likely to......

Jobless claims fell again last week as employment picture continues to improve

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CNBC – For more and to sign up click here The U.S. jobs market recovery accelerated its pace last week as fewer Americans headed to the unemployment line, the Labor Department reported Thursday. First-time claims for unemployment insurance totaled 547,000, which was below the Dow Jones estimate for 603,000 and......

Betterment sees record growth, as GameStop frenzy ‘shines a light’ on investing

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CNBC – For more and to sign up click here Betterment launched a new savings option in 2019. Source: Betterment Trading apps aren’t the only ones benefiting from the rise of meme stocks. Betterment, a digital investment advisor, said it saw record growth in the first quarter of 2021. Despite......

Robinhood and Coinbase top Apple App Store

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CNBC – For more and to sign up click here Coinbase is a popular option for buying bitcoin and other cryptocurrencies. Todd Haselton | CNBC Watch out social media, finance apps are becoming a more popular form of entertainment on people’s phones. Trading platforms Robinhood and Coinbase grabbed the top......

Fed’s Waller says the economy is ‘ready to rip’ but policy should stay put

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CNBC – For more and to sign up click here Federal Reserve Governor Christopher Waller said Friday he sees the U.S. economy as set to take off, though not at a fast enough pace that the central bank should start tightening policy. “I think the economy is ready to rip,”......

Biden starts off presidency with positive approval marks, CNBC survey shows

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CNBC – For more and to sign up click here U.S. President Joe Biden speaks in the Treaty Room of the White House in Washington, D.C., on Wednesday, April 14, 2021. Andrew Harnik | Bloomberg | Getty Images Joe Biden begins his presidency having achieved out of the gate what......

Retail sales explode in March as consumers use stimulus checks to spend heavily

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CNBC – For more and to sign up click here A fresh batch of stimulus checks sent consumer purchases surging in March as the U.S. economy continued to get juice from aggressive congressional spending. Retail sales rose 9.8% for the month, the Commerce Department reported Thursday. That compared to the......

Bernie Madoff, mastermind of the nation’s biggest investment fraud, dies at 82, AP reports

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CNBC – For more and to sign up click here Bernard Madoff leaves federal court in New York on Tuesday, March 10, 2009. Jin Lee | Bloomberg | Getty Images Bernard Madoff, mastermind of the biggest investment fraud in U.S. history, ripping off tens of thousands of clients of as......

New $3,000 child tax credit to start payments in July, IRS says

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CNBC – For more and to sign up click here kate_sept2004 | E+ | Getty Images But on Tuesday, when Sen. Sherrod Brown, a Democrat from Ohio and ranking member of the Senate Banking Committee, asked Rettig if the IRS would be ready to start monthly child tax credit payments......

Powell says it’s ‘highly unlikely’ the Fed will raise rates this year, despite stronger economy

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CNBC – For more and to sign up click here Federal Reserve Chairman Jerome Powell Kevin Lamarque | Reuters Despite what he sees as a rapidly recovering economy, Federal Reserve Chairman Jerome Powell on Sunday reaffirmed the central bank’s commitment to keep loose monetary policy on place. That includes a......

Weekly jobless claims higher than expected

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CNBC – For more and to sign up click here First-time claims for unemployment insurance rose more than expected last week despite other signs of healing in the jobs market, the Labor Department reported Thursday. First-time claims for the week ended April 3 totaled 744,000, well above the expectation for......

Fed’s Brainard says the economy is improving but is still ‘far from’ where it needs to be

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CNBC – For more and to sign up click here Federal Reserve Governor Lael Brainard said Wednesday that while the U.S. economic outlook has “brightened considerably,” it remains well away from the central bank’s goals. “Brighter outlook, but of course our monetary policy forward guidance is premised on outcomes not......

Fed officials expect it will be ‘some time’ before it starts tightening policy, minutes show

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CNBC – For more and to sign up click here Federal Reserve officials indicated at their last meeting that the pace of asset purchases is unlikely to change anytime soon while the central bank pursues its economic goals. The Federal Open Market Committee on Wednesday released minutes from the March......

Plaid valuation tops $13 billion in first funding following scrapped $5.3 billion merger with Visa

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CNBC – For more and to sign up click here Zach Perret, CEO and co-founder of Plaid, speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S., on Jan. 31, 2020. George Frey | Bloomberg via Getty Images Plaid raised a new round of capital that nearly......

Fed’s Mester lauds jobs report, but says loose policy is staying put

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CNBC – For more and to sign up click here Loretta Mester, president and chief executive officer of the Federal Reserve Bank of Cleveland. David Paul Morris | Bloomberg | Getty Images March’s strong job gains weren’t enough to convince Cleveland Federal Reserve President Loretta Mester that it’s time to......

Yellen to push for global minimum tax on corporations

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CNBC – For more and to sign up click here Treasury Secretary Janet Yellen on Monday will call for a minimum tax levy on corporations around the world in an effort to keep companies from relocating to find lower rates. “We are working with G-20 nations to agree to a......

Tesla reports 180,338 vehicles produced, 184,800 delivered in first quarter of 2021

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CNBC – For more and to sign up click here Tesla Model 3 Source: Tesla Tesla just reported first-quarter vehicle production and delivery numbers for 2021. In total, it delivered 184,800 vehicles and produced 180,338 cars. Analysts were expecting Tesla to deliver around 168,000 vehicles during this period, according to......

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