Fed's Evans Says He Favors Aiming for 2.5% Inflation

Fed's Evans Says He Favors Aiming for 2.5% Inflation

Federal Reserve Bank of Chicago President Charles Evans said the U.S. central bank shouldn’t be shy about letting inflation run, as it has promised, above its 2% target in order to make up for years of undershooting that goal. “If we try to fine-tune a very …
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QuantumScape stock falls more than 30%, its most ever

Shares of electric car-battery developer QuantumScape Corp. fell the most ever on Monday, a day that saw stocks of EV makers soaring on sales news. QuantumScape QS, -39.21% shares were down nearly 39% at last check, poised for their lowest close …
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Venmo adds new feature that lets you cash checks from home

Venmo adds new feature that lets you cash checks from home. Cash a Check with Venmo will be available for select customers. Shelby Brown headshot · Shelby Brown. Jan. 4, 2021 10:48 a.m. PT. venmo-logo-phone-5989. Venmo launched a new tool to let …
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Chip stocks buck broader market drop on report of TSMC's capex boost

Chip stocks resisted Monday’s rout in the broader market following a report that a major chip manufacturer will be boosting its capital spending in 2021 to address a new generation of products. Taiwan Semiconductor Manufacturing Co. TSM, +2.72% is …
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Dow Jones Tumbles to Start 2021; Apple Called Top FAANG Stock; Coca-Cola Stock Downgraded

2021 is not off to a good start for the Dow Jones Industrial Average (DJINDICES:^DJI) or the broader stock market, with the Dow down 1.7% at 1:20 p.m. EST Monday. With stimulus checks hitting Americans’ bank accounts and wide availability of COVID-19 …
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