Federal Reserve Chairman Jerome Powell will be in the spotlight next week with appearances on Capitol Hill in front of the House Financial Services Committee and the Senate Banking Committee. Powell’s testimony will supplement the release of the Fed’s semi-annual monetary policy report.Investors will also be watching to see if…

General Motors plans to open a fourth battery plant in the US heartland, part of its programme to chase Tesla on electric vehicle sales by following a similar playbook.Billionaire Elon Musk’s car company pursued a strategy of vertical integration over the past decade that helped make the Tesla Model 3…

GOP presidential hopeful Ron DeSantis calls for term limits in Congress Florida Governor Ron DeSantis calls for term limits in Congress and a return to the controversial presidential line-item veto. He spoke at a campaign event in Nevada. Read the full article here

BlackRock, the world’s largest asset manager, filed an application on Thursday for an exchange-traded fund backed by bitcoin in the U.S.  This is notable for a couple of reasons. First, there are currently no such products in the U.S. The SEC approved several bitcoin BTCUSD, -0.13% futures-based ETFs in the…

Kroger Inc.’s first-quarter earnings scheduled for release early Thursday may enjoy a boost from the company’s pharmacy business, according to BMO Capital Markets. Analyst Kelly Bania said an analysis of data from analytics and market research company IRI, proprietary BMO sales index analysis and food-at-home CPI, among other sources, found…

Dear MarketWatch, Before I married my wife, she took out a mortgage on a home in El Paso, Texas so she and her mom could live in it. After we married, my mother-in-law stayed at the property and made the mortgage payments. She’s not in good health and my wife…

The numbers: Total bank lending rose by $4.6 billion to $12.1 trillion in the week ending May 31, the Federal Reserve said Friday. This is the third straight week of gains. Total bank deposits rose $46 billion last week to $17.3 trillion. Deposits had recently fallen to the lowest level…

© Reuters. FILE PHOTO: The logo on an XPeng Inc. P7 performance electric vehicle is seen outside the New York Stock Exchange in New York, U.S., August 27, 2020. REUTERS/Mike Segar/File Photo HONG KONG (Reuters) – Chinese electric vehicle maker Xpeng (NYSE:) Inc on Thursday expanded its self-driving capability to…

(Reuters) -A new regulation will formalize a roughly 80% cut in project fees for wind and solar energy developments on federal lands under a proposal by the Biden administration on Thursday as part of a strategy to boost renewable energy to fight climate change. The Interior Department’s U.S. Bureau of…

By Satoshi Sugiyama TOKYO (Reuters) – Japan’s government and central bank will act to stop the yen’s decline if it depreciates to the 145 per U.S. dollar level, more than half of economists polled by Reuters said. Market participants closely watch how the government and the Bank of Japan (BOJ)…