Powell says Fed will keep supporting economy ‘for as long as it takes’
Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration o
All Apple retail stores in U.S. open for first time in almost a year; stock jumps
For the first time in almost a year, all of Apple Inc.'s U.S. retail stores are open.That milestone, along with news over the weekend jumping more than 5% on Monday, their biggest gain in more than four months.Apple closed all its stores outside China on March 13, 2020 , as the COVID-19 pandemic swept the globe. Its stores in China had closed that February.But as of Monday, all 270 Apple stores in the U.S. were open in some capacity, though some still have restrictions, such as being appointme