FEDERAL RESERVE Powell says it’s ‘highly unlikely’ the Fed will raise rates this year, despite stronger economy
Despite what he sees as a rapidly recovering economy, Federal Reserve Chairman Jerome Powell has reaffirmed the central bank’s commitment to keep loose monetary policy in place.
Fed officials say easy policy will stay in place until economic ‘outcomes’ are achieved
Federal Reserve officials indicated at their last meeting that easy policy will stay in place until it produces stronger employment and inflation, and won’t be adjusted based merely on forecasts.
Digital ad spend grew 12% in 2020 despite hit from pandemic
Despite an initial falloff due to the Covid pandemic, digital advertising spending grew 12.2% year over year in 2020, according to a new report commissioned by the Interactive Advertising Bureau and conducted by PwC.
Consumers spent $900 billion more online in 2020. Here’s who will keep the biggest gains
Consumers across the globe spent $900 billion more at online retailers in 2020 compared with the prior two-year trend, according to a report released Tuesday by the Mastercard Economics Institute.
Microsoft wins U.S. Army contract for augmented reality headsets, worth up to $21.9 billion over 10 years
The U.S. Army said Wednesday that Microsoft has won a contract to build more than custom HoloLens augmented reality headsets. The contract for over 120,000 headsets could be worth up to $21.88 billion over 10 years, a
U.S. manufacturing sector index races to 37-year high in March
A measure of U.S. manufacturing activity soared to its highest level in more than 37 years in March, driven by strong growth in new orders, the clearest sign yet that a much anticipated economic boom
The economy is expected to boom in the second quarter, and that’s good news for stocks
The nation’s economic growth is in for a boost in the second quarter, as parts of the economy most impacted by the pandemic reopen. Never before has the service sector led the U.S. into a recession or
UBS upgrades Apple to a buy — here are the 3 reasons why
LONDON — UBS on Wednesday upgraded Apple stock to a buy rating and raised its price target from $115 to $142 per share. Apple shares closed Tuesday’s session at $119.90, down 9.64% year to date, with Big Tech having
Biden infrastructure plan seeks hundreds of billions to beef up America’s tech prowess
President Joe Biden wants to dramatically expand internet access to Americans with a $100 billion investment as part of his new $2 trillion infrastructure plan unveiled on Wednesday. The proposal also includes investments in the electric vehicle
JPMorgan names Amazon a top pick, estimates 45% rally in the next 12 months
PUBLISHED MON, MAR 29 202110:17 AM EDTUPDATED MON, MAR 29 202110:21 AM EDT Maggie [email protected] Amazon CEO Jeff Bezos Alex Wong | Getty Images JPMorgan just named Amazon a top pick for 2021, expecting the