Wednesday, May 12, 2021
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Fed’s Bullard says ‘it’s too early to talk taper’ while the pandemic continues

St. Louis Federal Reserve President James Bullard acknowledged the progress the economy has made but said Tuesday it's still not time to ease back the throttle on policy.In an interview on CNBC's "Closing Bell," the central bank official said fiscal and monetary policy help as well as aggressive vaccination

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Pipeline shutdown could push prices at the pump above $3 a gallon, highest since 2014

The price for gas at the Redners Quick Shoppe gas station on 222 at the intersection with 73 in Blandon, Pennsylvania, April 27, 2021.Ben Hasty | MediaNews Group | Reading Eagle via Getty ImagesGas prices could rise to their highest level since 2014 as portions of the Colonial Pipeline

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Stock futures slip after Big Tech selling pushes S&P 500 off record

FAANG stocks displayed at the Nasdaq.Adam Jeffery | CNBCFutures contracts tied to the major U.S. stock indexes slipped at the start of the overnight session Monday evening after investors punished Big Tech equities during the regular session.S&P 500 futures shed 0.1%, while those tied to the Dow were little

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Stocks making the biggest moves after the bell: Roblox, Wynn, Simon Property Group & more

Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania.Jennah Moon | Bloomberg | Getty ImagesCheck out the companies making headlines after the bell on Monday:Virgin Galactic — Virgin Galactic fell more than 4% during extended trading after the space company reported a first-quarter loss of

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Is a $300 unemployment boost holding back jobs? Yes and no

Gov. Asa Hutchinson said Arkansas will end enhanced unemployment benefits June 26.Andrew Harrer/Bloomberg via Getty ImagesTensions are flaring over a $300 supplement to weekly unemployment benefits.A weaker-than-expected April jobs report has led to outcry in some circles that the payments are fueling a labor shortage. The extra aid offers

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Fed’s Evans says employment and inflation need to pick up before policy changes

Chicago Federal Reserve President Charles Evans told CNBC on Monday that employment and inflation will have to pick up substantially before he will change his position on monetary policy.Speaking after Friday's hugely disappointing jobs report, the central bank official said he still thinks the employment picture is strong, though

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Stocks making the biggest moves premarket: Marriott, Coty, BioNTech, Tyson Foods & more

Check out the companies making headlines before the bell:Marriott (MAR) – Marriott earned an adjusted 10 cents per share for the first quarter, beating the 3 cent consensus estimate, with the hotel operator's revenue very slightly below forecasts. Marriott said it was seeing a rebound in demand as more people

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Stock futures hold steady as investors eye pipeline cyberattack

Michael Nagle | Bloomberg | Getty ImagesFutures contracts held steady at the start of the overnight session Sunday evening, suggesting that the major U.S. equity indexes could trade at or near records when regular trading opens in New York.Dow futures gained 30 points, while those linked to the S&P

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Cathie Wood loves the set-up for her stocks after sell-off, expects big returns from her strategies

Cathie Wood, founder of Ark Invest, said Friday that the pullback in technology stocks is not a cause for concern, and that her long-term bets will continue to move higher."I love this set up," she said Friday on CNBC's "Closing Bell." "The worst thing that could have happened to

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At least 7 million people are likely to get unemployment tax refunds

Samuel Corum/Bloomberg via Getty ImagesAt least 7 million people likely qualify for tax refunds on unemployment benefits received last year, a new report suggests.The American Rescue Plan, which President Joe Biden signed in March, waived federal tax on up to $10,200 of jobless benefits, per person, collected in 2020.Taxpayers

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