Investment

The market is looking for clues from the Fed on whether it will adjust bond buying

U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell are seated to testify before a House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease (COVID-19) pandemic response on Capitol Hill in Washington, U.S., September 22, 2020. Joshua Roberts | Reuters The Federal Reserve could provide clues […]

Investment

Relativity Space raising $500 million at $2 billion valuation from Tiger and others, sources say

Relativity Space’s third generation 3D-printer in its new headquarters, with CEO Tim Ellis standing by for scale. Relativity Rocket builder and 3D-printing specialist Relativity Space is raising $ 500 million of fresh capital in a new round being led by Tiger Global Management, people familiar with the financing told CNBC on Tuesday. The new fundraise, […]

Global Economy

Congress is far from sending more stimulus help as coronavirus cases surge and economic pain looms

The U.S. Capitol dome is reflected on an ambulance at sunset in Washington, November 10, 2020. Erin Scott | Reuters Congress appeared nowhere close to passing another coronavirus relief bill Tuesday as infections surge across the country and new public health restrictions threaten businesses and jobs. Lawmakers have not passed new aid in months during […]