Yahoo News

John Williams, president of the Federal Reserve Bank of New York, spoke with Yahoo Finance to discuss the labor market and the next steps for Fed policy. Below is a transcript of his appearance on June 3, 2021. — BRIAN CHEUNG: Joining us here in a Yahoo Finance exclusive interview is New York Fed President John Williams. Thank you so much for joining us here on the platform this afternoon. Obviously I want to kick things off with the economic data. A lot of eyes on the jobs report covering… Source link

Slack has been under pressure for not growing as fast as other work-from-home stocks. REUTERS/Brendan McDermid Slack (WORK), the online chat tool that has become the main way many people have communicated with their coworkers throughout the COVID-19 pandemic, reported its fiscal Q1 2022 earnings after the bell on Thursday, beating expectations on the top and bottom line. Here are the most important numbers from the report compared with what analysts were expecting as compiled by Bloomberg.

We’re now two years removed from Kawhi Leonard’s decision to leave the Toronto Raptors after capturing the franchise’s first title and join the Los Angeles Clippers in pursuit of a championship in L.A.  Those aspirations haven’t exactly gone as planned. Despite tying their first round series 2-2 on the road against the Dallas Mavericks, the Clippers are (once again) on the brink of elimination after losing Game 5 on their home court Thursday night. To make matters worse, Kawhi and his… Source link

Federal Reserve Bank of New York President John Williams said Thursday that he would like to see the U.S. economy make more progress before the central bank pulls back on its aggressive monetary stimulus. “We’re still quite a ways off from maintaining the substantial further progress we’re really looking for in terms of adjustments to our asset purchase program,” Williams told Yahoo Finance in an exclusive interview. But Williams added that the Fed should begin to be mindful of how the… Source link

As a presidential candidate in 2020, Joe Biden never mentioned ransomware. As president, however, he must craft a solution to a burgeoning economic and national-security threat that may now rank as dangerous as terrorism.  Ransomware attacks, perpetrated by hackers who paralyze an organization’s computer network and demand a ransom payment to unlock it, aren’t new. They date back to at least 2006 as a kind of side gig for enterprising hackers. What is new is the corporatization of… Source link

(Reuters) – Tesla Inc’s vehicle orders in China nearly halved in May, when compared to April, against the backdrop of increased government scrutiny on the U.S. electric carmaker, the Information reported on Thursday, citing internal data.    The company’s monthly net orders in China dropped to about 9,800 in May from more than 18,000 in April, the report https://bit.ly/3phOPE4 said, sending shares down nearly 5% in afternoon trading.    China is the electric car maker’s second-biggest… Source link

Love it or hate it, the Meme Market is back, and Wall Street strategists say it can’t be ignored. While shares of AMC Entertainment (AMC) are having a volatile Thursday, the social-media-fueled trading frenzy has pushed shares of AMC up nearly 3,000% this year, giving the money-losing movie theater chain a market value of more than $30 billion. AMC is not alone. Shares of Bed, Bath & Beyond (BBBY), Express (EXPR), and BlackBerry (BB) are all up this year. It’s reminiscent of the… Source link

(Bloomberg) — Jefferies told clients Wednesday its prime brokerage arm will no longer allow the execution of short sells in GameStop Corp., AMC Entertainment Holdings Inc. and MicroVision Inc., according to a memo seen by Bloomberg News. “Until further notice, Jefferies Prime Brokerage will no longer offer custody on naked options in GME, AMC and MVIS,” the memo noted. The firm will no longer allow the execution of short sells of those securities, the memo continued, noting that other… Source link

FRANKFURT (Reuters) – Tesla on Thursday revised its application for a planned gigafactory in Europe to include details for plans to produce battery cells on site and an expansion of other production lines, German officials said. It also includes plans to reduce water consumption so that usage remains constant compared to earlier proposals despite the expansion. Tesla has sharply criticised the lengthy regulatory processes in Germany and has pushed back the factory’s opening date. The… Source link

By Michael Martina WASHINGTON, June 3 (Reuters) – The Biden administration will issue a new executive order on Thursday that bans U.S. entities from buying or selling publicly traded securities for 59 Chinese companies with alleged ties to defense or surveillance technology sectors, senior administration officials said. The Treasury Department will enforce and update on a “rolling basis” the new ban list, which replaces one from the Department of Defense, the officials, noting the policy would… Source link