Treasury Secretary Janet Yellen said on Tuesday the U.S. economy remains in crisis from the pandemic even as she defended developing plans for future tax increases to pay for new public investments.
Two senior U.S. Senate Democrats urged President Joe Biden's administration on Tuesday to apply all its diplomatic weight to stop the Nord Stream 2 natural gas pipeline from Russia to Europe, increasing pressure from members of his party.
A Canadian judge has rejected Huawei Chief Financial Officer Meng Wanzhou's request to add more evidence in her U.S. extradition case, according to a ruling released on Monday.
Treasury Secretary Janet Yellen will paint an optimistic picture for the U.S. economy as it emerges from the coronavirus pandemic, telling U.S. lawmakers on Tuesday that she sees both growth and possibly full employment next year - due to President Joe Biden's coronavirus stimulus package.
NEW YORK (Reuters) -The S&P 500 edged lower on Tuesday in seesaw trade on sliding financial and energy stocks that have benefitted recently from a sharp rise in market interest rates, while beaten-down tech stocks rebounded in a reversal of trends the past few days.
Tesla Inc's use of in-car cameras to record and transmit video footage of passengers to develop self-driving technology raises privacy concerns, influential U.S. magazine Consumer Reports said on Tuesday.
Sales of new U.S. single-family homes fell to a nine-month low in February amid bitterly cold weather, and expensive lumber and rising mortgage rates could cool the housing market this year.
A group of New York City business leaders has urged officials to refrain from raising taxes as it could jeopardize the state's recovery from the pandemic and pressure companies to relocate their operations, triggering major economic losses.
NEW YORK (Reuters) -World equity benchmarks and oil prices drifted lower on Tuesday while safe-haven assets gained as an extended economic lockdown in Germany, and U.S. and European sanctions on China, curbed risk appetite worldwide.
New York's Department of Financial Services on Tuesday said it concluded its investigation of Apple's credit card and its underwriter Goldman Sachs Group Inc and found no evidence of unlawful discrimination against applicants under the state's fair lending law.
Federal Reserve Chair Jerome Powell told U.S. lawmakers on Tuesday that a coming round of post-pandemic price hikes won't get out of hand and fuel a destructive breakout of persistent inflation.
U.S. Treasury Secretary Janet Yellen on Tuesday told the House Financial Services Committee, "I am confident that people will reach the other side of this pandemic with the foundations of their lives intact. And I believe they will be met there by a growing economy. In fact, I think we may see a return to full employment next year."
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