The 10-Year US Treasury yield retreated from levels not seen since before the COVID-19 pandemic. The Fed still expects multiple interest rate hikes, with investors expecting a start in March. Despite bitcoin’s price recovery on Tuesday, the cryptocurrency is still set to flash a bearish death cross in the...
Business
The Federal Aviation Administration has released a list of 50 airports selected to have temporary zones placed to protect them from 5G signals. The buffer zone will prevent the 5G wireless signals from interfering with any type of aircraft operations. FAA officials say they selected the airports based on...
The technology sector, which fell just under 1%, bounced back and brought the broader indexes with it. While investors will anxiously watch inflation data due out on Wednesday, Cruz notes that they are already prepared for a high number with consensus forecasts for a 7% increase on a year-on-year...
Baton Rouge Entrepreneurship Week is set for March 9-10 at the Bon Carre Business Center. The two-day conference will kick off with an opening event showcasing area businesses. The High-Stakes Pitch Competition will close out BREW 11 on March 10. The winning startup will receive $100,000 in funding from...
Wall Street looks steady after Monday’s major tech stock rebound. Senate panel to consider Jerome Powell’s renomination as Fed chief. Average daily new Covid cases are up 50% over the past week. GameStop soared more than 2,600% in less than three weeks to an all-time of high of $483...
Jerome H. Powell will testify before members of the Senate Banking Committee on Tuesday. Mr. Powell is likely to face a volley of question from senators about why the Fed continued to stimulate the economy throughout the summer and fall even as prices rose sharply. The Fed’s vice chair,...
Uber and Visa are teaming up to launch Grants for Growth, a program offering $1 million in funding and resources to small businesses in 10 U.S. cities. The scheme is being administered by the Local Initiatives Support Corporation (LISC) The scheme will focus on restaurant recovery and entrepreneurship. Restaurants...
The U.S. Centers for Disease Control and Prevention has listed about 80 destinations worldwide at Level Four and raised Curacao’s island to Level Four. In November, the United States lifted restrictions at its land borders with Canada and Mexico for fully vaccinated foreign nationals, ending historic curbs on non-essential...
This week, investors were unnerved after the Fed signaled it would tighten policy more quickly to tackle inflation, and data showed a strong U.S. labor market. This caused stocks to drop on Monday following a solid first week of the year, pushing the Dow Jones Industrial Average and S&P...
Richard Clarida, the Federal Reserve’s vice chair, announced Monday that he will resign from the Fed board. Clarida’s resignation follows that of two Fed regional bank presidents, Robert Kaplan and Eric Rosengren, who also left their posts after their stock trading behavior during the pandemic raised ethics questions and...
