Infrastructure Talks Stall Over Expanded IRS Powers

Lawmakers worked to steady their roughly $1 trillion bipartisan infrastructure agreement as one of the plan's central financing proposals appeared to be losing support. 


 
Stocks Mostly Lower After Powell Comments on Inflation, Economy

U.S. stocks ended mixed after commentary from the Federal Reserve's chief on the outlook for the economy and monetary policy. 


 
Fed's Powell Concedes Anxiety About Inflation but Resists Policy Shift

Federal Reserve Chairman Jerome Powell said recent inflation was uncomfortably above the levels the central bank seeks, concluding two days of testimony in which he sounded somewhat less confident about the economic outlook-and the Fed's policy path-than earlier this year. 


 
AMC, GameStop Swing as Meme Stocks Run Out of Air

Shares of companies that have been popular on Reddit forums are coming back to earth this week, with Carver Bancorp and AMC losing over a fifth of their value. 


 
Oil-Demand Rebound Could Spur Inflation, Pressure Debt-Laden Nations, OPEC Says

Despite uneven Covid-19 vaccination rates and the rise of the Delta variant, the Organization of the Petroleum Exporting Countries expects pandemic-containment measures and stimulus measures to boost oil consumption. 


 
Robinhood, Others Upend Rules for Early IPO Trading

The traditional six-month lockup period is eased for insiders wanting to sell stock after a company goes public. 


 
U.S. Banking Regulators Seek Comment on Third-Party Relationships Guidance

The interagency guidance on third-party relationships proposed by three banking regulators highlights the risks financial institutions face as banks increasingly rely on outside vendors and financial-technology companies for products and services, industry observers said. 


 
Senate Confirms Nellie Liang to U.S. Treasury Post

The former Federal Reserve economist will oversee U.S. fiscal policy at a time when the Biden administration is proposing trillions of dollars in new spending. 


 
Wall Street Moves to Close Markets for Juneteenth in 2022

Trade association recommends that bond markets close for the full day on June 20 of next year, and stock exchanges are looking into doing the same. 


 
Despite Demand, Factories Still Aren't Humming

Constraints from chip shortages to a tight labor market are holding back a manufacturing boom.

(END) Dow Jones Newswires

07-15-21 2115ET