investors reactions to President Biden's re-nomination of Federal Reserve Chair Jerome Powell for a second term was mixed in yesterday trading. The Dow Jones Industrial Average hinged up by over 17 points or 0.05% while the S&P 500 and Nasdaq Composite slipped 0.32% and 1.26%, respectively after touching fresh record highs early on in the session.
as the chair/ Fed governor and Lael Brainard as vice-chair of the FED. This represents continuity with the ongoing monetary policy amid an ongoing effort to tackle inflation.
Telecom deal, Swedish telecom equipment maker Ericsson is buying U.S. cloud communications company Vonage in a $6.2 billion deal that will help it expand wireless services for business customers.
are also in focus with many Black Friday holiday sales already underway.