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Stocks rally on vaccine news, Yellen speculation

Video Credit: Reuters Studio - Duration: 01:56s - Published
Stocks rally on vaccine news, Yellen speculation

Stocks rally on vaccine news, Yellen speculation

U.S. stocks started the week on an upswing after another drug company posted positive clinical trial results for a COVID-19 vaccine and reports surfaced that President-Elect Joe Biden plans to nominate former Federal Reserve Chairman Janet Yellen to be the next Treasury secretary.

Conway G.

Gittens reports.


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Janet Yellen Janet Yellen 78th United States Secretary of the Treasury

Biden meets with Dimon, execs on relief plan [Video]

Biden meets with Dimon, execs on relief plan

President Joe Biden said on Tuesday he agreed with a proposal by Democratic lawmakers that would limit or phase out stimulus payments to higher-income individuals as part of his $1.9 trillion coronavirus relief bill. Gavino Garay reports.

Credit: Reuters - Politics    Duration: 01:56Published
Yellen: No reason we should suffer through a long, slow recovery [Video]

Yellen: No reason we should suffer through a long, slow recovery

Treasury Secretary Janet Yellen talks with CNN’s Jake Tapper about the US unemployment rate and the need for Congress to approve President Biden’s stimulus package.

Credit: Bleacher Report AOL    Duration: 01:47Published
Yellen expects full employment next year with stimulus [Video]

Yellen expects full employment next year with stimulus

Treasury Secretary Janet Yellen tells CNN’s Jake Tapper that the United States can return to full employment next year if Congress passes more coronavirus relief now.

Credit: Bleacher Report AOL    Duration: 01:47Published
Yellen won't commit to relief payments for $75,000 earners [Video]

Yellen won't commit to relief payments for $75,000 earners

Treasury Secretary Janet Yellen tells CNN’s Jake Tapper that President Joe Biden is willing to work with Congress on the upper income limit for direct payments to Americans in the latest stimulus package.

Credit: Bleacher Report AOL    Duration: 01:49Published
Yellen: Americans earning $60k should get checks [Video]

Yellen: Americans earning $60k should get checks

[NFA] U.S. Treasury Secretary Janet Yellen said on Sunday that American workers who earn $60,000 per year should receive stimulus checks as part of the White House's proposed $1.9 trillion coronavirus relief package. Gavino Garay has more.

Credit: Reuters Studio    Duration: 02:06Published

Joe Biden Joe Biden 46th president of the United States

Mexico's president to ask U.S. to share vaccines [Video]

Mexico's president to ask U.S. to share vaccines

Mexico's president is expected to ask U.S. President Joe Biden to consider having America share its vaccines with its southern neighbor at a virtual summit on Monday, U.S. and Mexican officials said. This report produced by Chris Dignam.

Credit: Reuters Studio    Duration: 01:39Published
On GPS: Biden's first military action [Video]

On GPS: Biden's first military action

Meghan O’Sullivan, Tarek Masoud, Nicholas Kristof and Fareed on what to make of the retaliatory American strikes targeting Iran-backed militias in Syria.

Credit: Bleacher Report AOL    Duration: 07:09Published
Psaki defends Biden's handling of covid negotiations with GOP [Video]

Psaki defends Biden's handling of covid negotiations with GOP

White House Press Secretary Jen Psaki tells CNN’s Dana Bash that President Biden is open to Republican ideas on covid relief but believes “there is an urgency” to passing the bill now.

Credit: Bleacher Report AOL    Duration: 02:21Published

United States Department of the Treasury United States Department of the Treasury United States federal executive department

Democrats Propose Plan to Provide Every Child With a $1,000 Savings Account [Video]

Democrats Propose Plan to Provide Every Child With a $1,000 Savings Account

On Thursday, Democrats reintroduced legislation that would provide every child with an interest-accruing fund managed by the Treasury Department

Credit: Cover Video STUDIO    Duration: 01:39Published
Biden Administration Revives Efforts to Put Harriet Tubman on the $20 Bill [Video]

Biden Administration Revives Efforts to Put Harriet Tubman on the $20 Bill

Joe Biden’s Treasury Department has revived efforts to make Harriet Tubman the face of the new $20 bill

Credit: Cover Video STUDIO    Duration: 01:20Published
Yellen sworn in as first female Treasury Secretary [Video]

Yellen sworn in as first female Treasury Secretary

Janet Yellen was sworn in as the first woman to lead the U.S. Treasury on Tuesday, setting her quickly to work with Congress on coronavirus relief, reviewing U.S. sanctions policy and strengthening financial regulation.

Credit: Reuters Studio    Duration: 01:17Published

Federal Reserve Federal Reserve Central banking system of the United States

Equity indices up on positive global cues, metal stocks shine [Video]

Equity indices up on positive global cues, metal stocks shine

Equity benchmark indices edged higher during early hours on Thursday on the back of favourable global cues amid optimism over economic recovery and the government's privatisation plans. At 10:15 am, the BSE SandP Sensex was up by 414 points or 0.82 per cent at 51,196 while the Nifty 50 ticked up by 142 points or 0.9 per cent to 15,124. Among stocks, Hindalco was up by 4.7 per cent to Rs 348.55 per share while Tata Steel advanced by 2.4 per cent to Rs 745.50 and JSW Steel by 2.2 per cent to Rs 416.80. Axis Bank was up by 3.5 per cent, IndusInd Bank by 3.4 per cent, Tata Consultancy Services by 2.7 per cent and Dr Reddy's by 2.4 per cent. However, FMCG stocks did not fare well with Nestle India down by 1 per cent. Hindustan Unilever, Britannia, Titan, Eicher Motors and Mahindra and Mahindra were also in the negative zone. Meanwhile, Asian stocks jumped after US Federal Reserve Chair Jerome Powell reaffirmed interest rates will stay low for a long time. That calmed market fears that higher inflation may prompt the central bank to tighten the monetary spigot. MSCI's ex-Japan Asia Pacific shares index rose by 1 per cent while Japan's Nikkei gained by 1.6 per cent.

Credit: ANI    Duration: 01:20Published
Fed chief downplays inflation concerns [Video]

Fed chief downplays inflation concerns

In congressional testimony, Federal Reserve Chairman Jerome Powell said he expects inflation to be a bit volatile over the next year but that the effects won’t be “large or persistent.”

Credit: Bleacher Report AOL    Duration: 01:57Published
Stocks post biggest drop in three months [Video]

Stocks post biggest drop in three months

U.S. stocks suffered their biggest one-day percentage drop in three months on Wednesday, adding to losses after the latest Fed statement as major indexes were also pressured by a slump in Boeing and a selling of long positions by hedge funds. Fred Katayama reports.

Credit: Reuters Studio    Duration: 02:14Published
FULL SHOW 01/27/2021: Eyes on the Fed [Video]

FULL SHOW 01/27/2021: Eyes on the Fed

Discovery CEO David Zaslav talks about his strategy for Discovery+ in a crowded streaming market. Plus, JPM Chief Global Strategist David Kelly on what to expect from the Federal Reserve and how investors should prepare for the longer-term risk of an overheating economy.

Credit: Bleacher Report AOL    Duration: 24:15Published
U.S. jobless claims jump to nearly 1 million [Video]

U.S. jobless claims jump to nearly 1 million

The number of Americans filing first-time applications for unemployment benefits surged last week, confirming a weakening in labor market conditions as a worsening COVID-19 pandemic disrupts operations at restaurants and other businesses. Fred Katayama reports.

Credit: Reuters - Politics    Duration: 01:14Published