Janet Yellen

The stock market breathed a sigh of relief as Fed Chair Jerome Powell eased fears of interest rate hikes amid recent inflation surprises. The Fed now plans to hold rates steady longer to ensure inflation moves toward the central bank’s 2% target. In April, the labor market displayed some...

China’s special envoy for climate change, Liu Zhenmin, cautioned that the U.S. and Europe’s attempts to curb China’s dominance in green technologies could impede the global fight against climate change. What Happened: Zhenmin, a seasoned diplomat, was appointed by President Xi...

In the face of attempts by allies of former President Donald Trump to undermine the Federal Reserve’s political independence, Treasury Secretary Janet Yellen is stepping up to defend it. What Happened: Yellen, who previously served as the Fed chair, is set to deliver a speech at the McCain...

Investor apprehension grips Wall Street with major indices showing midday losses on Tuesday in New York trading, ahead of the Federal Reserve’s potentially hawkish pivot in Wednesday’s meeting. The S&P 500 retraced 0.9% after a 2-day positive streak, with the tech-heavy Nasdaq 100...

U.S. Treasury Secretary, Janet Yellen, expressed confidence in the U.S. economy, predicting inflation to return to normal levels by 2024. She also discussed potential strategies to counter threats from China’s excess industrial capacity. What Happened: In an interview on Thursday, Yellen...

The European Union’s top diplomat in Asia, Niclas Kvarnstrom, has issued a stern warning to China, citing the country’s support for Russia and its significant trade surplus with the EU as major obstacles to improved relations. What Happened: Kvarnstrom, the managing director for Asia at...

Antony Blinken, the U.S. Secretary of State, is set to caution China about its assistance to Russia’s military during his upcoming visit to China. What Happened: Blinken is expected to express the U.S.’s “deep concerns” over China’s backing of Russia’s defense...

The U.S. Department of the Treasury, through its Office of Foreign Assets Control (OFAC), announced Thursday new sanctions against Iran following the unprecedented April 13 attack on Israel. The sanctions target a network of 16 individuals and two organizations involved in developing Iran’s...

President Joe Biden is taking a hard stance on trade with China, proposing a significant hike in tariffs on steel and aluminum imports. This move comes amid heightened economic tensions between the two global powers. What Happened: Biden has put forward a plan to dramatically increase tariffs on...

XPeng, Inc. (NYSE:XPEV) shares are trading lower Friday after Ohio Senator Sherrod Brown called for a permanent ban on imports of China-made EVs into the United States. The Details: Senator Brown sent a letter on Thursday to President Biden, urging him to ban the sale of Chinese EVs in the U.S. and...

Nio, Inc. (NYSE:NIO) shares are trading lower Friday after Ohio Senator Sherrod Brown called for a ban on imports of China-made EVs to the US.  The Details: Senator Brown sent a letter to President Biden on Thursday, urging him to ban the sale of Chinese EVs in the United States.  "Chinese EVs,...

U.S. Treasury Secretary Janet Yellen joined CNBC's Sara Eisen on “Worldwide Exchange” and shared details from her recent discussions with Chinese government officials regarding the country's trade practices.   What Happened: Yellen expressed concern about Chinese industrial policies,...

U.S. Treasury Secretary Janet Yellen has warned Chinese banks and exporters against aiding Russia’s military capacity, citing potential sanctions. What Happened: Yellen ended her four-day visit to China with a clear message: companies worldwide, including those in China, should avoid...

China’s Commerce Minister, Wang Wentao, has refuted claims that government subsidies are the sole reason behind the country’s booming electric vehicle industry. During a roundtable discussion in Paris, Wang emphasized “constant innovation” as the key driver of...

The U.S. has warned of “significant consequences” if Chinese firms aid Moscow’s war on Ukraine, marking one of its sternest messages to Beijing. Following discussions in Guangzhou on Friday and Saturday, the U.S. Treasury Secretary, Janet Yellen, “emphasized that companies,...