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newswatch:-biden-rejects-‘fresh-blood’-for-fed,-says-powell-brings-stability-the-central-bank-needs
newswatch:-biden-rejects-‘fresh-blood’-for-fed,-says-powell-brings-stability-the-central-bank-needs

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NewsWatch: Biden rejects ‘fresh blood’ for Fed, says Powell brings stability the central bank needs


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S&P 500 Falls as Investors Digest Fed Nomination

U.S. stocks pared earlier gains following the news that President Biden would nominate Jerome Powell for a second term as chairman of the Federal Reserve. Treasury yields and the dollar rose.

Nov. 22, 2021 at 5:13 p.m. ET

by Dave Sebastian


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Alden Global Looks to Buy Lee Enterprises

The New York hedge fund known for its strategy of media consolidation and cost cutting has proposed to take the newspaper publisher private in a deal valuing Lee at around $141 million.

Nov. 22, 2021 at 4:48 p.m. ET

by Adriano Marchese


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Biden Will Tap Powell for New Term as Fed Chairman

President Biden plans to nominate Fed Chairman Jerome Powell for a second term, opting for policy continuity despite resistance from some progressives. Lael Brainard will be nominated as vice chairwoman.

Nov. 22, 2021 at 4:46 p.m. ET

by Nick Timiraos

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On Peng Shuai, and What Courage Looks Like

The women’s professional tennis player appears to resurface in China, but questions persist about a sexual-assault allegation and her current treatment.

Nov. 22, 2021 at 4:37 p.m. ET

by Jason Gay


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El Salvador to Issue ‘Bitcoin Bond’ Next Year

The Central American country, the first to adopt bitcoin as a national currency, aims to raise $1 billion to buy bitcoin and invest in bitcoin-related infrastructure.

Nov. 22, 2021 at 4:29 p.m. ET

by Caitlin Ostroff


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Holmes Testifies About ‘Big Idea’ That Led to Theranos

The Theranos founder’s testimony is an effort to strike back at allegations from prosecutors that she knew the startup’s blood-testing technology was inaccurate and unreliable.

Nov. 22, 2021 at 4:25 p.m. ET

by Sara Randazzo

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