Tuesday 23 March 2021

Daily Investor Update: Yellen says post-crisis plans will move to infrastructure, taxes

Yellen says post-crisis plans will move to infrastructure, taxes

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.

Democratic U.S. senators urge Biden to speed sanctions over Nord Stream 2

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.

Canada judge rejects Huawei CFO's request to add evidence in U.S. extradition

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.

U.S. Treasury's Yellen sees post-COVID growth, possible full employment in 2022

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.

S&P 500 slips in choppy trade as energy, financials tumble

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's in-car cameras raise privacy concerns: Consumer Reports

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.

Cold weather chills new U.S. home sales; current account deficit soars in 2020

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.

New York City business leaders warn new taxes could cripple city's recovery

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.

Equities, oil prices dip on concerns over Europe COVID-19 surge

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.

Apple card, underwriter Goldman Sachs committed no fair lending violations

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.

New Zealand central bank raises concerns over weaknesses in Westpac NZ's risk governance

The Reserve Bank of New Zealand on Wednesday raised concerns around risk governance processes in lender Westpac's operations in the country.

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