Trends - Janet Yellen - Business Recorder

Janet Yellen

S&P, Nasdaq hit record highs

• EBay, PayPal jump on upbeat quarterly earnings NEW YORK: US stocks rose more than 1% on Thursday and the ...

Published 06 Feb, 2021 04:06am

World

Biden says economy 'still in trouble,' pushes for stimulus

"It's people's lives. Real-life people are hurting and we can fix it," Biden said earlier. "When we help them we are also helping our competitive capacity," he said.

Published 06 Feb, 2021 12:20am

World

Subsiding layoffs raise cautious optimism for US labour market

WASHINGTON: The number of Americans filing new applications for unemployment benefits decreased further last week,...

Updated 05 Feb, 2021 11:46pm

Markets

Wall St extends recent gains amid upbeat earnings, economic data

Democrats in the U.S. Senate were poised on Thursday to take a first step toward the ultimate passage of President Joe Biden's $1.9 trillion COVID-19 relief proposal.

Published 05 Feb, 2021 12:56am

Markets

Yellen seeks to 'understand deeply' GameStop frenzy as market regulators meet

We really need to make sure that our financial markets are functioning properly, efficiently and that investors are protected.
We never had anything so large even during the Great Recession. We need to make sure people have jobs, if they don't have jobs, that they're supported.

Published 04 Feb, 2021 09:03pm

Markets

US Treasury's Yellen to meet financial regulators Thursday to discuss volatility

Yellen will meet with the heads of the Securities and Exchange Commission, Federal Reserve Board.

Published 04 Feb, 2021 10:38am

Markets

US MIDDAY: Silver rises over 2pc

NEW YORK: Silver rose more than 2% on Wednesday on bets for a pick-up in industrial demand, regaining some ground...

Published 04 Feb, 2021 04:13am

Markets

Reddit trading frenzy fades as Yellen summons agencies

GameStop, AMC erase early US pre-market declines.
GameStop stock down 80% from last week's peak until Tuesday.
Yellen calls top regulator meeting on market volatility.

Published 03 Feb, 2021 07:29pm

Markets

Treasury, World Bank stress need to improve vaccine access for poorest countries

During a call with Malpass, Yellen "emphasized that climate change is an existential threat to our environment and global economy and urged robust support to low-income countries," Treasury said in a statement.

Published 03 Feb, 2021 12:37pm

World

Japan, US reaffirm readiness to use bold steps to escape crisis: Aso

TOKYO: Japanese Finance Minister Taro Aso said on Monday he and US Treasury Secretary Janet Yellen agreed in phone...

Published 02 Feb, 2021 04:29am

World

Treasury's Yellen aims to deepen economic ties with Japan

In a phone call with Japanese Finance Minister and Deputy Prime Minister, Yellen emphasized her readiness to work closely with Japan, both bilaterally and multilaterally.

Updated 01 Feb, 2021 09:54pm

World

Japan, US reaffirm readiness to use bold steps to escape crisis: Aso

Speaking after his first talks with Yellen since she became the new US Treasury Secretary, Aso said they had also agreed that it was important to hold close discussions on foreign exchange rates.
We reaffirmed that it's important to maintain G7 (Group of Seven) as well as G20 (Group of 20) agreements of up until now.

Published 01 Feb, 2021 08:38pm

World

Yellen affirms importance of close ties with Canada

WASHINGTON: US Treasury Secretary Janet Yellen and her Canadian counterpart on Friday underscored the importance of...

Published 31 Jan, 2021 03:36am

World

Yellen notes ‘importance’ of US-UK relationship

WASHINGTON: Newly-installed US Treasury Secretary Janet Yellen on Wednesday spoke with her British counterpart Rishi...

Published 28 Jan, 2021 04:40am

World

Yellen makes history again as US Treasury secretary

Early in Trump's term, she did not hesitate to warn of the risks tax cuts like the one he was proposing would have on the budget deficit.

Published 27 Jan, 2021 11:38am

World

Yellen first female to lead Federal Reserve

WASHINGTON: The US Senate on Monday voted by a wide margin to confirm Janet Yellen as the first woman to lead the...

Updated 27 Jan, 2021 09:49am

Business & Finance

US Senate confirms Yellen as first female Treasury secretary

Biden is having to push Congress for funding while simultaneously getting his government confirmed -- Pentagon chief Lloyd Austin won Senate approval Friday -- and bracing for turmoil from Trump's impeachment trial.

Published 26 Jan, 2021 11:03am

World

Yellen set for Senate confirmation vote as first woman Treasury secretary

Yellen on Friday sailed through with a unanimous approval vote in the Senate Finance Committee, indicating that she has enough votes to easily win confirmation.
A confirmation for former Federal Reserve Chair Yellen less than a week after Biden took office is quick by recent standards.

Published 25 Jan, 2021 09:25pm

Yellen wins unanimous Senate panel vote for Treasury despite concerns

WASHINGTON: The US Senate Finance Committee on Friday unanimously approved Janet Yellen's nomination as the first...

Published 23 Jan, 2021 03:56am

World

Yellen wins unanimous Senate panel vote for Treasury despite Republican tax, debt concerns

Yellen's nomination was approved 26-0 in the evenly split committee, with concerns expressed by Republicans about President Joe Biden's ambitious plans for massive coronavirus relief spending.
There is no question she is qualified for this role.

Published 22 Jan, 2021 09:34pm

World

Yellen vote in US Senate committee to test support for Biden economic plan

Yellen, who would be the first woman to head Treasury after breaking that same barrier as Federal Reserve chair from 2014 to 2018.
Republican Senator Pat Toomey, a longtime fiscal hawk, said at Yellen's hearing: "We're looking at another spending blowout."

Published 22 Jan, 2021 05:00pm

Markets

Asian markets take a step back after Biden-fuelled rally

National Australia Bank's Ray Attrill said that traders were a long way from worrying about the possible negative aspects of Biden's presidency, such as tax hikes and re-regulation.

Published 22 Jan, 2021 10:19am

Markets

Gold little changed in Europe

LONDON/MILAN: Gold prices hovered near a two-week high on Thursday as the dollar slipped, with investors awaiting ...

Published 22 Jan, 2021 04:47am

World

Yellen's call to 'act big' reflects long re-think on big government debt

Democrats like Jason Furman, who chaired former President Barack Obama's Council of Economic Advisers.

Published 21 Jan, 2021 07:17pm

Business & Finance

Bitcoin slumps 10% as pullback from record high gathers pace

Joseph Edwards of cryptocurrency broker Enigma Securities said these comments had a substantial impact.

Published 21 Jan, 2021 07:15pm

Markets

Wall Street up as Yellen backs more stimulus

NEW YORK: Wall Street’s main indexes rose on Tuesday as US Treasury Secretary nominee Janet Yellen advocated for a...