Federal Reserve Chairman Jerome Powell on Wednesday said the central bank’s current trading rules are insufficient and promised that it would “make changes” after filings showed that officials traded stocks and bonds that could be influenced by its policy actions. He added that he was not aware of the now-controversial trades made by Dallas Fed
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The facade of Blue Origin’s new rocket engine factory in Huntsville, Alabama. CNBC | Michael Sheetz The U.S. Federal Court of Claims released the redacted version of the lawsuit filed in August by Jeff Bezos‘ Blue Origin against NASA and Elon Musk’s SpaceX over a lucrative lunar lander contract awarded earlier this year. “Historically a
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NASA astronaut Douglas Hurley rehearses putting on his SpaceX spacesuit in the Astronaut Crew Quarters inside the Neil A. Armstrong Operations and Checkout Building at the Kennedy Space Center ahead of NASA’s SpaceX Demo-2 mission to the International Space Station in Cape Canaveral, Florida, U.S. May 23, 2020. Kim Shiflett | NASA | Reuters SpaceX
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Marko Geber | DigitalVision | Getty Images In a world that’s rapidly changing and becoming more uncertain than ever, the financial advisory industry has a great opportunity to become a beacon of trust for investors by helping them navigate through difficult life and financial decisions. The Covid-19 pandemic, combined with the social and economic shifts
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U.S. stock futures were higher in early morning trading on Wednesday after the major averages failed to rebound from Monday’s Evergrande-led sell-off in the regular session. Dow Jones Industrial Average futures rose 96 points. S&P 500 futures and Nasdaq 100 futures both also traded in positive territory. In regular trading the Dow lost 50.63 points,
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In this article 6666-HK A significant buying opportunity may be unfolding on Wall Street. Canaccord Genuity’s Tony Dwyer believes a record rally will follow the recent market turmoil. “We’re going to move from this summer of indigestion into the year-end opportunity,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Tuesday. “We’re just not
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Former Food and Drug Administration Commissioner Dr. Scott Gottlieb told CNBC he anticipates the Centers for Disease Control and Prevention may soon offer greater clarity on who will be eligible for Covid booster doses. Gottlieb, a Pfizer board member, elaborated on the FDA and CDC’s booster approval process during an interview Tuesday on “The News
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A Sheriff’s deputy takes an employee’s temperature as at Las Colinas women’s Detention Facility in Santee, California on Wednesday, April22, 2020. Sandy Huffaker | AFP | Getty Images The fast-spreading delta variant ripped through a federal prison in Texas over the summer, infecting both the unvaccinated and fully vaccinated populations, but few were hospitalized, according
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Charlie Javice, Founder/CEO of Frank, which is a college financial aid start-up. Source: JP Morgan JPMorgan Chase has acquired college planning platform Frank to deepen relationships with students and their parents, CNBC has learned exclusively. Frank is an online portal with tools that help students apply for and negotiate financial aid, enroll in online courses
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Revolut CEO Nikolay Storonsky speaks onstage at the TechCrunch Disrupt conference in San Francisco, California. Kimberly White | Getty Images Revolut, the global fintech player valued at $33 billion, will soon offer commission-free stock trading to U.S. customers for the first time, CNBC has learned. The start-up is set to announce Tuesday that it secured
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Former Food and Drug Administration Commissioner Dr. Mark McClellan told CNBC that it seems realistic that younger kids will be getting vaccinated for Covid-19 based on the new data released by Pfizer on Monday. “Those findings are very promising, especially around the ability of a very small dose, leading to a very strong immune reaction,”
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Chip Somodevilla | Getty Images News | Getty Images A tax package unveiled by House Democrats would forbid individual retirement accounts from holding certain private investments typically reserved for the wealthy. While proponents think the proposal would raise investor protection and reduce the use of an IRA as a tax shelter for the rich, critics
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An artist’s illustration of the Axiom modules attached to the International Space Station. Axiom Space The National Aeronautics and Space Administration plans to retire the International Space Station by the end of this decade, so the U.S. space agency is turning to private companies to build new space stations in orbit – and expects to
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