Stock market live updates: Fed Chair Powell's biggest worry is cybersecurity.
Asked by Ohio Republican Rep. Steve Stivers what he considers the biggest threat to the U.S. financial system, Powell answered cybersecurity. "The thing that we worry about a lot is cyberattacks. I think we have a great gameplan for traditional issues like bad loans and things like that. It's more cyberattacks is really the frontier where you worry. And we work very, very hard on that — all the agencies do, we all work together — the institutions themselves work very hard.
. Shares of the troubled plane-maker rolled over as news broke that it booked no new jetliner orders last month. Boeing was last down just under 1%.10:48 am: Powell says Fed will transition away from repo, but there's still big demand for it Powell says the Fed will gradually transition away from repo operations, as it builds up reserves. But institutions were actively tapping the Fed's facilities early Tuesday, just before he spoke. The 14-day repo operation was oversubscribed, and that wasn't the only time lately. The Fed has been supplying extra funds to the short-term lending market, to make sure financial institutions have access to enough cash since last September, when repo rates spiked due to high demand.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
What to watch today: Dow to rise, Powell testifies, coronavirus death toll passes 1,000U.S. stock futures are pointing to a higher open, following record closes for the S&P 500 and Nasdaq on Monday, as investors are encouraged by a slowdown in the number of new coronavirus cases.
Baca lebih lajut »
Dow jumps 170 points, Amazon leads S&P 500 and Nasdaq to record highsAnother day, another set of record highs. The S&P 500 closed up 0.6% and the Nasdaq closed up 1%, both reaching all-time highs today.
Baca lebih lajut »
Tesla's parabolic trading may be a warning about a broader stock market sell-offWhile investors may look at Tesla's wild ride as crazy trading in just one stock, some analysts say its bubbly behavior could be a warning.
Baca lebih lajut »
5 things to know before the stock market opens MondayU.S. stock futures were pointing to a lower open Monday for the Dow. Despite Friday's nearly 1% decline, the Dow finished the week 3% higher.
Baca lebih lajut »
Burger King parent's stock rises on earnings beatPopeyes Louisiana Kitchen's chicken sandwich permanently returned in November.
Baca lebih lajut »
Tesla Stock Continues Wild Trading, Rising Up To 7% Before Paring Back GainsTesla’s stock rose to 7% in early trading today, briefly surpassing the $800 per share level it hit last week before paring back gains by skleb1234
Baca lebih lajut »