News

12 May

U.S. Senate confirms economist Philip Jefferson to Fed board

The U.S. Senate on Wednesday voted overwhelmingly to confirm Philip Jefferson, an economist and Davidson College's dean of faculty, to the Federal Reserve Board.

11 May

DigitalBridge buys data center company Switch for $11 billion

(Reuters) -DigitalBridge Group Inc has agreed to buy data center operator Switch Inc for $11 billion, including debt, marking the latest deal in the digital asset sector that has attracted large private equity firms and infrastructure funds.

11 May

Shares turn red in volatile session, yields fall after U.S. inflation data

Wall Street stocks fell sharply with Treasury yields in Wednesday's volatile session as oil prices rallied and investors worried about the potential for an economic slowdown.

11 May

Shares churn, close down; yields fall after U.S. inflation data

Wall Street stocks closed sharply lower and Treasury yields fell in Wednesday's volatile session as oil prices rallied and investors worried about the potential for an economic slowdown.

11 May

Fed's Powell could get Senate renomination nod Wednesday

Jerome Powell, nominated for a second term as chair of the Federal Reserve by President Joe Biden, could get U.S. Senate confirmation late on Wednesday, according to a timeline outlined by Senate Banking Committee Chair Sherrod Brown.

11 May

Fed's Powell, Jefferson to get Senate nod this week

(Reuters) -Jerome Powell, nominated for a second term as chair of the U.S. Federal Reserve, could win Senate confirmation as soon as late Wednesday, according to a timeline outlined by Senate Banking Committee Chair Sherrod Brown.