• Yellen clarifies she is not predicting Fed rate increases

    2 days ago - By Chron

    WASHINGTON - Treasury Secretary Janet Yellen said Tuesday that she is not predicting when the Federal Reserve may need to start raising interest rates.
    She was seeking to clarify her earlier remarks that rattled financial markets.
    Yellen suggested early Tuesday that interest rates may need to rise slightly to keep the economy from overheating. Those remarks sent stock prices down with the declines led by tech shares.
    “It may be that interest rates will have to rise somewhat to make sure that our economy doesn't overheat, even though the additional spending is relatively small relative to...
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  • The Daily Crunch: Tech stocks hammered after US Treasury Secretary speculates on hiking interest rates

    2 days ago - By Tech Crunch

    To get a roundup of TechCrunch's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here .
    Are startup valuations about to fall?
    Hello, friends! Alex here to talk to you for a hot second about money. Then we'll get into startups, venture capital, what Big Tech is up to and more. I promise. But hang with me for a moment.
    Tech stocks got hammered today: The tech-heavy Nasdaq fell by more than 2%. Cloud stocks endured twice the damage. What happened? The U.S. government said that it might raise interest rates. So what? Well, when rates were low, lots...
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