Senator Elizabeth Warren on Monday called on the Securities and Exchange Commission to look into trades made by senior Federal Reserve officials over the course of 2020. The Massachusetts Democrat asked the SEC to investigate the extent of trading carried out by at least three high-ranking officials at the central bank, including the timing of the trades and whether or not those trades “may have been influenced by non-public information.” The request comes after reporting last Friday… Source link

The COVID-19 pandemic continues to wreak havoc on the airline space, but the time to buy is now, argues Morgan Stanley analyst Ravi Shanker.  Shanker cites three reasons for his bullish call.  First, the sector could see positive news flow into year-end as vaccinations continue for COVID-19 and international travel restrictions are lifted. To that end, the Biden administration said recently it would lift restrictions for fully vaccinated travelers to enter the U.S. starting in… Source link

Investors will have a lot to contend with come the start of third quarter earnings season this month, most of which could prove far from flattering to one’s portfolio.  That’s the latest temperature check on markets from the team over at Goldman Sachs.  The investment bank’s chief U.S. equity strategist David Kostin warned on Monday of four risks to investors from upcoming corporate earnings reports: (1) supply chain bottlenecks; (2) climbing oil prices; (3) inflationary labor costs; and (4)… Source link

Donald J. Trump joined Yahoo Finance’s Adam Shapiro for a wide ranging conversation covering topics such as the U.S. economy, COVID-19 vaccines, cryptocurrencies, and his thinking on a third run for the presidency in 2024. Below is a complete transcript of the conversation from October 1. ADAM SHAPIRO, anchor and correspondent: Donald Trump was elected November 8th, 2016 to become the 45th President of the United States. During his administration, there was historic law passed, the Tax Cuts… Source link

(Bloomberg) — Amazon.com Inc. shares fell sharply on Monday, taking the e-commerce giant into negative territory for the year, as a sustained rise in Treasury yields is hurting the earnings outlook for companies with high valuations. Most Read from Bloomberg Amazon shares fell as much as 2.5% on Monday and were on track for a sixth straight negative session, the longest such streak for Amazon since an eight-day drop that ended in August 2019. With the decline, the stock is now down 1.4% for… Source link

There are fears the government is secretly ordering Google to provide information on innocent users who typed in certain search terms. (Photo by Chris Jackson/Getty Images) Getty Images The U.S. government is secretly ordering Google to provide data on anyone typing in certain search terms, an accidentally-unsealed court document shows. There are fears such “keyword warrants” threaten to implicate innocent web users in serious crimes and are more common than… Source link

Former President Donald Trump says the country has a debt problem and that the ongoing debt ceiling fight can be “a very strong card to play [where Republicans] can get a lot of what they want.” In an exclusive interview with Yahoo Finance, Trump said the prospect of a government default, which could plunge the country into a recession, can and should be a Republican lever to stop the Democratic spending efforts, including the multitrillion-dollar package of social spending currently being… Source link

Although businesses may be struggling with unexpected cargo delays, supply chain bottlenecks may not be resolved in the near term. “I don’t see a line of sight where this ends anytime soon,” Weston LaBar, head of strategy at Cargomatic, a freight load-matching company, told Yahoo Finance Live (video above). Some experts even expect the supply chain problems to hit the holiday shopping season. Container ships have been delayed for days at major ports on the West Coast, and trucking routes have… Source link

Donald J. Trump joined Yahoo Finance for a wide-ranging conversation covering topics such as the U.S. economy, COVID-19 vaccines, cryptocurrencies, and his thinking on a third run for the presidency in 2024. The full interview will be released on Monday. Former President Donald Trump told Yahoo Finance that inflation is one of the issues that will help him determine if he will run for the Republican presidential nomination in 2024. Soaring prices have become a fixture of the pandemic-era… Source link

Supply chain bottlenecks are squeezing businesses big and small. One expert explains why it’s so hard to iron out the major kinks affecting global trade. “There really is a perfect storm going on,” Adam Compain, senior vice president at project44, a supply chain technology provider, told Yahoo Finance Live (video above). Compain laid out three major reasons why ports are so backed up and there’s red-hot demand for truckers.  “First and foremost is customer expectations have risen only in one… Source link