• US stocks gain after Treasury Secretary Yellen pushes for more stimulus

    13 days ago - By Business Insider

    Treasury secretary Janet Yellen pushed for stimulus checks
    Andrew Harnik/AP
    US stocks gained on Friday after Treasury Secretary Janet Yellen advocated for more stimulus. "The price of doing too little is much higher than the price of doing something big," Yellen said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks moved higher on Friday, rebounding from a three-day losing streak after Janet Yellen advocated for more stimulus spending. In a Thursday interview, Yellen told CNBC that there's a lot of pain in the economy still, evidenced by the recent...
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  • Janet Yellen says investors should be wary of the stock market's high-flying sectors

    Janet Yellen says investors should be wary of the stock market's high-flying sectors

    13 days ago - By Business Insider

    Summary List Placement
    Low interest rates are helping stocks rise, but investors should be careful in some highly valued sectors, Treasury Secretary Janet Yellen said.
    The crypto boom is also sounding alarms in Washington, she said, adding that bitcoin is a "highly speculative asset."
    While stimulus has been blamed for risk-taking, Yellen argued additional aid is needed to fuel a full recovery.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    Stimulus hopes and falling COVID-19 case counts have lifted stocks to record highs throughout February, but some pockets of...
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  • Janet Yellen says investors should be wary of the stock market's high-flying sectors

    13 days ago - By Business Insider

    Janet Yellen previously suggested the use of cryptocurrencies like bitcoin should be 'curtailed'.
    Manuel Balce Ceneta/AP
    Low interest rates are helping stocks rise, but investors should be careful in some highly valued sectors, Treasury Secretary Janet Yellen said. The crypto boom is also sounding alarms in Washington, she said, adding that bitcoin is a "highly speculative asset." While stimulus has been blamed for risk-taking, Yellen argued additional aid is needed to fuel a full recovery. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Stimulus hopes and falling...
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  • Janet Yellen pushes for $1.9 trillion in stimulus after weak jobs numbers, saying there's 'so much pain' in the economy

    Janet Yellen pushes for $1.9 trillion in stimulus after weak jobs numbers, saying there's 'so much pain' in the economy

    13 days ago - By Business Insider

    Summary List Placement Treasury Secretary Janet Yellen on Thursday renewed her push for Congress to approve $1.9 trillion of stimulus, saying "there's so much pain in this economy."
    Yellen told CNBC that she is not overly worried about inflation, which has been "very low for over a decade." She said the bigger risk is "scarring" on the economy if Congress does not act.
    Her comments to Sara Eisen on "Closing Bell" came after figures showed that the number of Americans filing jobless claims unexpectedly rose last week to 861,000.
    The data contrasted with stronger-than-expected January...
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