Category Archives:
Fed’s Powell: No one should assume Fed can protect economy in debt default
(Reuters) - Congress lifting the debt ceiling is the "only way forward" to allow the federal government to meet its obligations and no one should expect the Federal Reserve to be able to shield the ec...
Feb 01, 2023
Fed’s Powell: Possible fed could raise rates beyond December forecast
NEW YORK (Reuters) - Federal Reserve Chairman Jerome Powell said on Wednesday he is not fully sure where the central bank will stop with rate rises as it presses forward with its efforts to cool infla...
Feb 01, 2023
Dutch, Japanese curbs on chip equipment to China may not be tough enough -industry group
By Karen Freifeld (Reuters) - A chip industry group is warning that if U.S. allies do not adopt curbs on semiconductor manufacturing equipment to China that are comparable to U.S. controls, they will ...
Feb 01, 2023
Newsmaker: Gautam Adani, one of India’s most powerful men, suffers a rare defeat
By Shivam Patel, Aditi Shah and Aditya Kalra NEW DELHI (Reuters) - India's Gautam Adani, the school dropout who rose to become one of the world's richest men, suffered a stunning defeat on Wednesday w...
Feb 01, 2023
Fed’s Powell: will need substantially more evidence to be confident inflation on downward path
NEW YORK (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday welcomed recent cooling in inflation data but said there had not been enough progress bringing price pressures back to 2%. "We wil...
Feb 01, 2023
Grand jury charges man in several business hold-ups
PEORIA, Ill. – A Peoria County grand jury has indicted a man suspected of committing at least three armed robberies over about a one month period of time. While they were in separate cases, the ...
Feb 01, 2023
Instant View-Fed opts for small rate hikes, expects to deliver ‘ongoing increases’
NEW YORK (Reuters) - The Federal Reserve raised its target interest rate by a quarter of a percentage point on Wednesday, yet continued to promise "ongoing increases" in borrowing costs as part of its...
Feb 01, 2023
Biden will pick new economic team after State of the Union -officials
By Andrea Shalal and Trevor Hunnicutt WASHINGTON (Reuters) - U.S. President Joe Biden is still weighing candidates for new top economic advisers, officials familiar with the process said, and no final...
Feb 01, 2023
ChatGPT sets record for fastest-growing user base – analyst note
By Krystal Hu (Reuters) - ChatGPT, the popular chatbot from OpenAI, is estimated to have reached 100 million monthly active users in January, just two months after launch, making it the fastest-growin...
Feb 01, 2023
Coinbase wins dismissal of lawsuit claiming it sold unregistered securities
NEW YORK (Reuters) - A U.S. judge on Wednesday dismissed a lawsuit accusing Coinbase Global Inc of selling unregistered securities and failing to register as a broker dealer. U.S. District Judge Paul ...
Feb 01, 2023
Peoria, IL, USA
49 °F Partly cloudy
