PUBLISHED ON FEB 23, 2021 12:08 PM IST
The cryptocurrency fell as much as 11% to below $50,000. At one point Monday the digital currency plunged 17% before paring the worst of the slide.
By hindustantimes.com | Edited by Amit Chaturvedi
UPDATED ON FEB 22, 2021 09:35 PM IST
The most popular cryptocurrency on Monday fell to $47,400, a one-week low. At one point, it lost nearly 17 per cent of its value.
PUBLISHED ON FEB 08, 2021 05:25 AM IST
Yellen, a former Federal Reserve chair who is the first woman to lead the Treasury Department, said the central bank had the tools to handle any potential inflationary threat.
PUBLISHED ON FEB 07, 2021 08:29 PM IST
Yellen and other administration officials have warned repeatedly that the danger to the economy would be going too small with stimulus efforts.
PUBLISHED ON FEB 04, 2021 10:32 PM IST
Yellen this week called for the meeting with the Securities and Exchange Commission (SEC), the New York Federal Reserve Bank and the Commodities Futures Trading Commission (CFTC) to review the volatility.
PUBLISHED ON FEB 03, 2021 12:17 PM IST
President Joe Biden and Treasury Secretary Janet Yellen joined the Democratic senators for a private virtual meeting Tuesday, both declaring the Republicans' $618 billion offer was too small.
UPDATED ON JAN 22, 2021 11:08 PM IST
- A full confirmation vote just days after Biden took office would put the 74-year-old PhD economist quickly to work on a deep economic crisis sparked by the coronavirus pandemic. She broke a similar gender barrier when she became Fed chair in 2014, a role she held until 2018.
PUBLISHED ON JAN 22, 2021 04:47 PM IST
- Iran has been subject to tough US sanctions since 2018, when the administration of then-President Donald Trump unilaterally withdrew from an international deal that restricted the Middle Eastern country’s nuclear activities. Its crude production was below 2 million barrels a day for most of 2020.
By Nasrin Sultana, Mumbai
PUBLISHED ON JAN 20, 2021 04:37 AM IST
Shares across global markets climbed on Tuesday ahead of Janet Yellen’s confirmation speech as US Treasury secretary. Yellen is expected to tell the senate finance committee that the government must “act big” with its next coronavirus relief package.
PUBLISHED ON JAN 10, 2021 06:04 PM IST
The KBW Bank Index has jumped 8.4% in January, beating the S&P 500 Index’s 1.8% advance.
By hindustantimes.com | Edited by Karan Manral | Hindustan Times, New Delhi
UPDATED ON JAN 08, 2021 12:05 PM IST
The names announced by Biden as nominees for various portfolios will have to be confirmed by the Senate only after which they can officially take charge.
By Associated Press | Posted by Kunal Gaurav | Delaware
UPDATED ON JAN 01, 2021 10:25 PM IST
Yellen’s selection by Biden to lead the treasury department has been cheered by progressive Democrats, who support her work as a labor economist who has long prioritized combating economic inequality.
By Press Trust of India| Posted by: Harshit Sabarwal | Washington
PUBLISHED ON DEC 02, 2020 09:15 AM IST
“I’ve spent my career trying to make sure people can work and achieve the dignity and self-worth that comes with it. Mr. President-elect, I know you’ve done the same. I saw that understanding during the last Great Recession and the Recovery Act that followed,” Treasury Secretary-nominee Janet Yellen said
By Yashwant Raj , edited by Vinod Janardhanan | Hindustan Times, Washington
UPDATED ON DEC 01, 2020 10:18 PM IST
Trump called into a briefing his lawyers Rudy Giuliani and Jenna Ellis gave Republican legislators of Arizona, which has been wrongly portrayed as a “hearing”, as he had in Pennsylvania last week.
By hindustantimes.com | Edited by Kunal Gaurav | Hindustan Times, New Delhi
UPDATED ON NOV 30, 2020 09:27 PM IST
Yellen served as the 15th Chair of the Federal Reserve, the first woman to lead America’s central banking system since its creation.
By Bloomberg | Posted by Mallika Soni | Washington
PUBLISHED ON NOV 30, 2020 01:40 PM IST
Yellen’s expected to champion what she’s called “extraordinary fiscal support” to support the pandemic-ridden economy -- deficit spending that she says is affordable given extraordinarily low interest rates.
By Associated Press | Posted by Deepali Sharma | Associated Press
UPDATED ON NOV 30, 2020 12:23 PM IST
Biden, who has placed a premium on diversity in his selection of Cabinet nominees and key advisers, is looking to notch at least a few firsts with his economic team selections.
By hindustantimes.com | Edited by Kanishka Sarkar | Hindustan Times, New Delhi
UPDATED ON NOV 30, 2020 08:26 AM IST
According to The Wall Street Journal, Tanden’s nomination is a part of Biden’s plan to build a team of liberal and centrist economic advisers to serve alongside planned Treasury Secretary nominee Janet Yellen.
By Agence France-Presse | Posted by Shivani Kumar | New York
UPDATED ON NOV 25, 2020 03:04 AM IST
After crossing the threshold in mid-day trading, the blue-chip Dow Jones Industrial Average retreated a few times throughout the afternoon before closing at 30,046.24, up 1.5 percent.
By Yashwant Raj | Hindustan Times, Washington, DC
PUBLISHED ON NOV 24, 2020 10:10 PM IST
Yellen will become the first woman to head the treasury department - she was the first woman to head the US Fed
By Bloomberg | Posted by Karan Manral
UPDATED ON NOV 24, 2020 01:56 PM IST
US President-elect Joe Biden has selected Yellen, a former Federal Reserve chair, as the next treasury secretary. Her selection, experts say, signals that Biden plans to act aggressively to revive the world’s biggest economy
By Associated Press | Posted by Shivani Kumar | Washington
UPDATED ON NOV 24, 2020 05:11 AM IST
Former Federal Reserve Chair Janet Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department in a line stretching back to Alexander Hamilton in 1789.
By Bloomberg | Posted by Karan Manral
UPDATED ON NOV 21, 2020 10:31 AM IST
According to people familiar with the matter, Brainard has had little contact with President-elect Joe Biden’s transition officials. Biden is yet to announce a nominee for the post.
By HT Correspondent | Reuters, Washington
UPDATED ON MAR 21, 2018 02:31 PM IST
The Fed raised its benchmark overnight lending rate three times last year, as joblessness fell and economic growth accelerated. It is expected to raise rates by another 25 basis points on Wednesday.