Sen. Bernie Sanders (I-Vt.) has launched an investigation into what he says is Amazon’s “disastrous safety record” and unfair treatment of workers who suffer injuries in its warehouses. Sanders, who chairs the Health, Education, Labor, and Pensions (HELP) Committee, sent a letter (pdf) to Amazon Chief Executive Officer Andy Jassy to inform him of the investigation on June 20….
Bernie Sanders Launches Investigation Into Amazon’s ‘Dangerous, Illegal’ Warehouse Conditions
Federal Reserve Chair Powell Testifies to House Financial Committee on Semi-Annual Monetary Policy Report
June 21, 2023
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U.S. Federal Reserve System Chairman Jerome Powell testifies to the House Financial Committee on the semi-annual monetary policy report at 10:00 a.m. ET on June 21. …
LIVE 10 AM ET: Federal Reserve Chair Powell Testifies to House Financial Committee on Semi-Annual Monetary Policy Report
June 21, 2023
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Business & MarketscongresseconomyEpochTVEpochTV LiveFederal Reserve SystemHouse Financial Committeejerome powellLive VideosMonetary Policy ReportPoliticsUSUS NewsVideo
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U.S. Federal Reserve System Chairman Jerome Powell testifies to the House Financial Committee on the semi-annual monetary policy report at 10:00 a.m. ET on June 21. …
LIVE NOW: Federal Reserve Chair Powell Testifies to House Financial Committee on Semi-Annual Monetary Policy Report
June 21, 2023
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Business & MarketscongresseconomyEpochTVEpochTV LiveFederal Reserve SystemHouse Financial Committeejerome powellLive VideosMonetary Policy ReportPoliticsUSUS NewsVideo
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U.S. Federal Reserve System Chairman Jerome Powell testifies to the House Financial Committee on the semi-annual monetary policy report at 10:00 a.m. ET on June 21. …
Wall Street Opens Lower as Powell Doubles Down on Inflation Fight
Wall Street’s main indexes opened lower on Wednesday as Federal Reserve Chair Jerome Powell remained firm in bringing inflation back to 2 percent target, spurring worries of more monetary tightening. The Dow Jones Industrial Average fell 63.31 points, or 0.19 percent, at the open to 33,990.56. The S&P 500 opened lower by 8.70 points, or…
Dollar Firm Ahead of Powell Testimony, Sterling Falls After Inflation Data
SINGAPORE/LONDON—The dollar was firmer on Wednesday leading into Federal Reserve Chair Jerome Powell’s appearance before Congress, where he is expected to strike a hawkish tone, while sterling slipped after hotter-than-expected British inflation data. The annual pace of British consumer price gains was steady at 8.7 percent in May, against hopes it had cooled since April….
Oil Holds Steady Ahead of Powell’s Congressional Testimony
LONDON—Oil prices stabilised on Wednesday ahead of Federal Reserve Chair Jerome Powell’s congressional testimony later in the day and as data showing British inflation remained sticky raised the possibility of a hawkish Bank of England policy decision this week. Brent futures were flat at $75.90 a barrel by 0929 GMT and U.S. West Texas Intermediate…
Stocks Uneasy in Case Powell Embraces His Inner Hawk
June 21, 2023
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SYDNEY/LONDON—Stocks slipped on Wednesday on negative news including a lack of new stimulus from Beijing, bearish British inflation data, and a further slump in European real estate, as markets await direction from Federal Reserve Chair Jerome Powell. The world’s most powerful central banker faces lawmakers in two days of testimony and is sure to be…
Elon Musk Hints at ‘Significant Investment’ in India After Meeting Modi
Tesla CEO Elon Musk has signaled interest in making a “significant investment” in the world’s most populous country, India, after meeting with Indian Prime Minister Narendra Modi in New York on Tuesday. Musk told reporters that he had an “excellent conversation” with Modi and suggested that he would bring his electric vehicle manufacturing business to…
Australian Energy Giant Approves $10.6 Billion Oil Project Offshore Mexico
Australia’s largest oil producer will proceed with a US$7.2 billion (AU$10.6 billion) project offshore Mexico that will deliver hundreds of millions of oil barrels in the next decade. On June 20, Woodside Energy announced that it would invest in the Trion project, a joint venture with Mexican state-owned oil company Pemex. The project is located…
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