Tag Archives: Central

The Federal Reserve on Wednesday held interest rates at near-zero, but hinted that the U.S. economic recovery is getting closer to a place where it may not need as much monetary support. The Federal Open Market Committee on Wednesday kept its benchmark interest rate in the range of 0% to 0.25%, but provided an update on its December 2020 commitment to purchasing at least $120 billion a month in U.S. Treasuries and agency mortgage-backed securities until the recovery looked like it was making… Source link

The New York Times A Fourth of July Symbol of Unity That May No Longer Unite SOUTHOLD, N.Y. — The American flag flies in paint on the side of Peter Treiber Jr.’s potato truck, a local landmark parked permanently on County Route 48, doing little more, he thought, than drawing attention to his family’s farm. Until he tried to sell his produce. At a local greenmarket where he sells things such as wild bergamot, honey and sunflowers, he had trouble striking a deal until, he said, he let his… Source link

A former financial regulator says the United States needs to step up its research into a central bank-issued digital currency, as the Federal Reserve explores the viability of a digital dollar. Christopher Giancarlo, who ran the Commodity Futures Trading Commission (CFTC) as its chairman from 2017 to 2019, is working with consulting firm Accenture on pilot programs that will test different use cases for a digital dollar in the United States. “What’s not being done, and what needs to be… Source link

BGR This might be the biggest ‘Spider-Man 3’ spoiler yet, and we can’t believe it With April almost over, we’re inching towards the first Spider-Man: No Way Home trailer. Given what we know about Peter Parker (Tom Holland) and what we think we know about the next Spider-Man installment, Sony and Marvel will have a difficult task in hiding the film’s surprises. We know that Spider-Man’s true identity was revealed to the whole world at the end of Far From Home, so Spider-Man 3 already… Source link

Federal Reserve officials acknowledge that they need to do a better job on recruiting diverse candidates, noting that central bank policy-making would benefit from a wider array of perspectives. “We’re not at all satisfied with where we are,” Fed Chairman Jerome Powell told Congress on Wednesday. A New York Times piece last month noted that of the Fed’s 870 total Ph.D. economists, only 11 are Black. In other words, Black voices make up only 1% of an institution’s economic team… Source link

Following is a summary of current odd news briefs. Solo sauna a hot favourite in Tokyo as coronavirus cases rise The spread of the novel coronavirus may have slowed economies and closed many businesses worldwide, but it hasn’t been a damper on a newly opened Tokyo sauna that caters to solo customers. The Finnish-style sauna rooms at Solo Sauna Tune, where customers can relax in solitude and enjoy the heat from water over hot stones, are so popular they are booked up within hours. Time is… Source link

A Russian company has deployed robots to deliver food to customers. Highlights A Russian company has devised robots to deliver food and groceries These driverless buggies can be opened with a smartphone This is a welcome addition to Moscow’s burgeoning delivery services 2020 has been the year that has shifted the focus back to health. Sanitising hands, wearing a mask and maintaining social distancing are the new normal, everyday practices. Several businesses have also innovated with the times,… Source link

By Gleb Stolyarov MOSCOW (Reuters) – Driverless robot buggies started delivering hot restaurant meals to paying customers in one central Moscow district on Wednesday, their operator, Russian Internet giant Yandex, said. The Yandex.Eats app, one of several food and grocery delivery services in Moscow, is offering customers around the White Square business district the option to have meals delivered by a buggy-like delivery robot instead of a human. The robot, called the Yandex.Rover, has been… Source link

Bloomberg Kushner Cos. Spent the Trump Years Unwinding Scion’s Costly Bets (Bloomberg) — Guy Fieri’s Times Square restaurant, where Jared Kushner and Ivanka Trump partied in late 2016 before heading to Washington, is gone. The office tower at 666 Fifth Ave., once the headquarters of the Kushner family’s real estate empire, has been sold. So too has a stake in a project in the trendy Dumbo neighborhood of Brooklyn.New York looks a lot different now than it did before Jared Kushner left… Source link

Bloomberg Kushner Cos. Spent the Trump Years Unwinding Scion’s Costly Bets (Bloomberg) — Guy Fieri’s Times Square restaurant, where Jared Kushner and Ivanka Trump partied in late 2016 before heading to Washington, is gone. The office tower at 666 Fifth Ave., once the headquarters of the Kushner family’s real estate empire, has been sold. So too has a stake in a project in the trendy Dumbo neighborhood of Brooklyn.New York looks a lot different now than it did before Jared Kushner left… Source link