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☆ A 'buy bitcoin' sign flashed behind Janet Yellen during a 2017 hearing just sold for $1 million
▼ + stars: | 2024-04-25 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

A"Buy Bitcoin" sign held up behind Janet Yellen during a 2017 testimony just sold for over $1 million. Christian Langalis, a then-22-year-old intern who held the sign, decided to sell it to fund his crypto startup. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA sign with "Buy Bitcoin" written in all caps on cheap yellow legal pad that was held up behind Janet Yellen during a 2017 congressional hearing was just sold at auction for over $1 million. According to Bloomberg on Thursday, the "Buy Bitcoin" sign held by an intern during then-Federal Reserve Chair Janet Yellen's 2017 Congressional testimony went for $1.027 million at auction.

Persons: Janet Yellen, Christian Langalis, Bitcoin, —, Janet Yellen's, Yellen, CoinDesk Organizations: Service, Bloomberg, Federal, Libertarian, Cato Institute, Financial Services Locations: City

☆ Economist discusses the challenges that China's export sector is facing
▼ + stars: | 2024-04-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomist discusses the challenges that China's export sector is facingHao Hong, partner and chief economist at Grow Investment Group, discusses U.S. Treasury Secretary Janet Yellen's visit to China and says he "wouldn't be too surprised to see even more tariffs or more trade friction in the coming months."

Persons: Hao Hong, Janet Yellen's Organizations: Economist, Grow Investment, U.S, Treasury Locations: China

☆ China is worried about overcapacity, too — but it sees the problem differently than the US
▼ + stars: | 2024-04-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

The US treasury secretary raised concerns about China's overproduction in her recent visit to the country. China has hit back at her concerns, but it's also concerned about overcapacity, an economist says. Just like the US and all of China's trading partners, Chinese authorities are concerned about industrial overcapacity and want to curb it. She added that China's trade surplus with the world meant there might be fewer incentives for Beijing to tackle the issue. AdvertisementAnalysts expect the US debate over its trade issues with China to heat up heading into the presidential election season.

Persons: it's, —, Yue Su, Su, Janet Yellen, Janet Yellen's, Yellen, Li Qiang, Mao Ning, Mao Organizations: Service, Economist Intelligence Unit, European Union, EU, Commerce Department Locations: China, Beijing, People's Republic of China, Thailand, EU, —

☆ The US is headed for a much more aggressive trade war with China regardless of who is president next year, economist says
▼ + stars: | 2024-04-11 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

A more intense trade war between the US and China is unavoidable, China Beige Book's Shehzad Qazi said. China would have many ways to sidestep heightened US restrictions in the event of a new trade war, Shehzad Qazi. AdvertisementA fiercer trade war between the US and China is inevitable, no matter who wins the presidential election in November, a top China expert said. "Our view is we're headed toward another trade war, regardless of who's president next year. Even in the face of a more aggressive trade war with the US, China has ways to skirt any restrictions, the COO said .

Persons: Qazi, Janet Yellen's, Shehzad Qazi, —, They're, Trump, Yellen, That's, Fitch Organizations: Service, Communist Party Locations: China, Beijing, Mexico

☆ Treasury Secretary Janet Yellen's first day in China: Here's what you need to know
▼ + stars: | 2024-04-05 | by ( Megan Cassella | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTreasury Secretary Janet Yellen's first day in China: Here's what you need to knowCNBC's Megan Cassella joins 'Power Lunch' to report how Treasury Secretary Janet Yellen's first day in China went.

Persons: Janet Yellen's, Megan Cassella Locations: China

☆ U.S.-China ties: More tariffs are likely, analyst says
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S.-China ties: More tariffs are likely, analyst saysPaul Triolo, senior vice president for China and technology policy lead at Albright Stonebridge Group, discusses U.S.-China relations ahead of U.S. Treasury Secretary Janet Yellen's visit to China.

Persons: Paul Triolo, Janet Yellen's Organizations: U.S, Albright, Group, Treasury Locations: China, U.S

☆ Ex-diplomat Kishore Mahbubani discusses U.S.-China relations
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEx-diplomat Kishore Mahbubani discusses U.S.-China relationsKishore Mahbubani, a distinguished fellow at the National University of Singapore's Asia Research Institute, discusses U.S.-China relations ahead of U.S. Treasury Secretary Janet Yellen's visit to China.

Persons: Kishore Mahbubani, Janet Yellen's Organizations: National University of Singapore's Asia Research Institute, Treasury Locations: China, U.S

☆ Biden administration has 'mishandled China very badly,' former U.S. national security advisor says
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden administration has 'mishandled China very badly,' former U.S. national security advisor saysJohn Bolton, former U.S. national security advisor, says he doesn't expect "anything concrete" from U.S. President Joe Biden's phone call with Chinese President Xi Jinping and Treasury Secretary Janet Yellen's visit to China.

Persons: Biden, John Bolton, Joe Biden's, Xi Jinping, Janet Yellen's Organizations: U.S Locations: China, U.S

☆ EXCLUSIVE: Janet Yellen's In-N-Out order revealed
▼ + stars: | 2023-11-14 | by ( Taylor Berman | ) www.businessinsider.com time to read: +2 min

Janet Yellen is meeting with Chinese President Xi Jinping today. Before meeting him at the San Francisco airport, Yellen stopped at an In-N-Out. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn her way to meet Chinese President Xi Jinping at the San Francisco airport, Treasury Secretary Janet Yellen stopped at In-N-Out for a bite to eat. Janet Yellen ordering In-n-out before heading to the airport to greet Xi Jinping pic.twitter.com/0ssqar6he2 — Viktoria Dendrinou (@v_dendrinou) November 14, 2023But what did the famous economist order?

Persons: Janet Yellen, Xi Jinping, Yellen, —, 0ssqar6he2 — Viktoria Dendrinou, Lily Adams, Treasury Department didn't, Joe Biden Organizations: Treasury, Service, Public Affairs, Treasury Department, Economic Cooperation, Wednesday, Tech Locations: San Francisco, Asia, China

☆ Yellen on China visit: Meeting laid a productive ground work
▼ + stars: | 2023-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYellen on China visit: Meeting laid a productive ground workCNBC's Eamon Javers joins 'Closing Bell' to report on Treasury Secretary Janet Yellen's meeting with China's vice president.

Persons: Eamon Javers, Janet Yellen's Locations: China

☆ Stanley Druckenmiller: The government needs to stop spending like ‘drunken sailors'
▼ + stars: | 2023-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStanley Druckenmiller: The government needs to stop spending like ‘drunken sailors'Stanley Druckenmiller, Duquesne Family Office chairman and CEO, joins 'Squawk Box' to discuss the state of the U.S. economy, Treasury Secretary Janet Yellen's 'big blunder' of not issuing more long-dated Treasurys when interest rates were low, government spending and the impact on the national debt, market outlook, the Fed's inflation fight, and more.

Persons: Stanley Druckenmiller, Janet Yellen's Organizations: Duquesne Family Locations: U.S

☆ Watch CNBC's full interview with Duquesne Family Office CEO Stanley Druckenmiller
▼ + stars: | 2023-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Duquesne Family Office CEO Stanley DruckenmillerStanley Druckenmiller, Duquesne Family Office chairman and CEO, joins 'Squawk Box' to discuss the state of the U.S. economy, Treasury Secretary Janet Yellen's 'big blunder' of not issuing more long-dated Treasurys when interest rates were low, government spending and the impact on the national debt, market outlook, the Fed's inflation fight, and more.

Persons: Stanley Druckenmiller Stanley Druckenmiller, Janet Yellen's Organizations: Duquesne Family Locations: U.S

☆ US 'frankly raised' disagreements with China at first financial working group meeting
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsOct 25 (Reuters) - U.S. officials "frankly raised areas of disagreement" with China at the first meeting of a new financial working group, where financial stability, supervision and regulation were discussed, the U.S. Treasury said on Wednesday. Attendees included senior officials from China's central bank and the U.S. Treasury Department, according to a Treasury statement. "The two-hour virtual meeting included a substantive and wide-ranging discussion on domestic and global financial stability, financial supervision and regulation, sustainable finance, and anti-money laundering and countering the financing of terrorism," the Treasury said. The financial working group and a parallel economic working group were launched last month after U.S. Treasury Secretary Janet Yellen's visit to Beijing in July aimed at fostering regular communications between the world's two largest economies. The economic working group, led by senior officials from the Treasury and China's Finance Ministry held its first meeting on Monday.

Persons: Dado Ruvic, Janet Yellen's, Yellen, Pan Gongsheng, Ismail Shakil, Costas Pitas, David Lawder, Paul Grant, Diane Craft Organizations: REUTERS, U.S . Treasury, U.S . Treasury Department, Treasury, U.S, China's Finance Ministry, People's Bank of China, International Monetary Fund, Bank, Reuters, Thomson Locations: China, China's, Beijing, Marrakech, Morocco, U.S

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsWASHINGTON, Oct 23 (Reuters) - Officials from the United States and China on Monday held a two-hour long virtual meeting to discuss domestic and global macroeconomic developments, the U.S. Treasury Department said, calling the meeting "productive and substantive". U.S. and Chinese officials also raised "areas of concern," statements from the two sides said, without elaborating. The meeting was led by senior officials from the U.S. Treasury Department and China's finance ministry. The EWG was launched last month following U.S. Treasury Secretary Janet Yellen's trip to Beijing in July. China's top diplomat will travel to the United States later this week to meet Blinken.

Persons: Dado Ruvic, Joe Biden, Xi Jinping, Janet Yellen's, Antony Blinken, Gina Raimondo, Blinken, Han Zheng, Jake Sullivan, Wang Yi, Kanishka Singh, Liz Lee, Ethan Wang, Christian Schmollinger Organizations: REUTERS, Rights, U.S . Treasury Department, Economic, Treasury Department, Treasury, U.S . National, Thomson Locations: United States, China, Taiwan, San Francisco, People's Republic of China, U.S, Beijing, Yellen, New York, Malta, China's, Washington

High funding needs and central banks removing support are increasing pricing uncertainty for investors, Sophia Drossos, hedge fund Point72 Asset Management's chief economist, said. Spending plans lacking credibility were seen as most likely to spark market turmoil. I suspect not by default, but when markets start reflecting their worries in Treasury prices, by a political crisis and a potentially ugly adjustment," the former IMF chief economist said. Italy's 2.4 trillion-euro debt pile is the focus in Europe, where the IMF has said high debt leaves governments vulnerable to crisis. "We need more investment, not less," said King's College London professor Jonathan Portes, Britain's cabinet office chief economist during the financial crisis.

Persons: Andrew Kelly, Peter Praet, Praet, Sophia Drossos, Daniel Ivascyn, Claudio Borio, Olivier Blanchard, Ray Dalio, Janet Yellen's, Yellen, Jim Leaviss, Giancarlo Giorgetti, Daleep Singh, Joe Biden, Britain's, Yellen's, Jonathan Portes, Clare Lombardelli, Moritz Kraemer, Yoruk Bahceli, Maria Martinez, Leigh Thomas, Giuseppe Fonte, Nell Mackenzie, Naomi Rovnick, William Schomberg, Jan Strupczewski, Dan Burns, Elisa Martinuzzi, Riddhima Talwani, Jayaram, Emelia Sithole Organizations: Financial, of, REUTERS, Institute of International Finance, Reuters, European Central Bank, ECB, Bank for International, Peterson Institute for International Economics, Associates, U.S . Treasury, Wall, Economy, Britain's Treasury, Congressional, Britain's, Institution, Reuters Graphics ACT, King's College London, Labour Party, OECD, Graphics, Thomson Locations: of Manhattan , New York City, U.S, Italy, Britain, United States, Europe, Ukraine, Berlin, Paris, Rome, London, Brussels, Washington, Marrakech

High funding needs and central banks removing support are increasing pricing uncertainty for investors, Sophia Drossos, hedge fund Point72 Asset Management's chief economist, said. Spending plans lacking credibility were seen as most likely to spark market turmoil. I suspect not by default, but when markets start reflecting their worries in Treasury prices, by a political crisis and a potentially ugly adjustment," the former IMF chief economist said. "We need more investment, not less," said King's College London professor Jonathan Portes, Britain's cabinet office chief economist during the financial crisis. Not enough reforms are being implemented, OECD chief economist Clare Lombardelli warned.

☆ Morning Bid: Oil soothes but jobs dictate
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +5 min

U.S. crude oil has recoiled almost 9% this week and prices have lost almost 14% peak-to-trough since last Thursday's high above $95 per barrel. The year-on-year oil price is now falling again and tracking losses of 5%. Copper prices fell to their lowest of the year on Thursday and core commodity indexes are back at August levels. All of which sees U.S. bond yields retain an uneasy calm into the jobs numbers. Implied rates from Fed futures markets pulled back the chances of another hike in the cycle to less than 50%.

Persons: Andrew Kelly, Mike Dolan, Mary Daly, Kevin McCarthy, Donald Trump, Jim Jordan, Janet Yellen's, Christopher Waller, Toby Chopra Organizations: REUTERS, ADP, San Francisco Fed, Treasury, St, International Monetary Fund, World Bank, Tesla, Exxon Mobil, Natural Resources, Federal Reserve, Challenger, Thomson, Reuters Locations: Manhattan , New York City, U.S, Morocco, Canada

☆ Former Dallas Fed President Robert Kaplan: Organic growth capability of the U.S. economy is limited
▼ + stars: | 2023-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Dallas Fed President Robert Kaplan: Organic growth capability of the U.S. economy is limitedRobert Kaplan, former Dallas Fed president, joins 'Squawk on the Street' to discuss Janet Yellen's thoughts on the stability of the U.S. economy, if economic risks are to the upside or downside, and Kaplan's thoughts on the deficit.

Persons: Robert Kaplan, Janet Yellen's Organizations: Former Dallas Fed, Dallas Fed Locations: U.S

☆ Inflation Reduction Act spurs $500 billion in investments — and much is going to underserved communities, Treasury says
▼ + stars: | 2023-08-16 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — The Treasury Department on Wednesday announced that billions of dollars slated for investments in clean energy, electric vehicles and batteries under the Inflation Reduction Act will go to relatively underserved communities throughout the country. The announcement comes as the IRA, the Biden administration's landmark law targeting manufacturing, infrastructure and climate change, turns one year old. The more than $500 billion in announced investments, $200 billion of which is in the clean energy sector, is a key goal of the legislation, according to the Treasury. A senior Treasury official told reporters on Wednesday that the agency is also seeing meaningful private investment in the efforts. He also contended it would benefit the Chinese Communist Party, as the U.S. relies on Chinese imports of key inputs for clean energy technology.

Persons: Sean Patrick Maloney, WASHINGTON —, Janet Yellen's, Harris administration's, Joe Biden's, Biden, Jason Smith, Smith Organizations: WASHINGTON, Treasury Department, Wednesday, Biden, Treasury, Chinese Communist Party Locations: Cold, , New York, U.S, China

☆ Yellen's Las Vegas stop shows Bidenomics can be a tough sell
▼ + stars: | 2023-08-15 | by ( Andrea Shalal | ) www.reuters.com time to read: +6 min

REUTERS/Leah Millis/File Photo Acquire Licensing RightsLAS VEGAS, Aug 15 (Reuters) - Daemein Hargrove, 21, recently dropped plans for a four-year college degree to sign up for an apprenticeship program in Las Vegas that he says has given him higher pay, good medical benefits and a pension. But he's also shouldering gas costs of $500 a month as he commutes to a massive solar site 45 minutes outside of Las Vegas. Treasury Secretary Janet Yellen's visit Monday to the Las Vegas training center where Hargrove and nearly 700 other apprentices are being paid to work and learn new skills raises some questions about Biden's approach. Yellen's trip to Las Vegas won praise from union leaders, but drew scant public or local media attention. Casey Harrison, a political reporter at the Las Vegas Sun, said the coverage reflected a lack of demand but also inadequate preparation by the administration.

Persons: Janet Yellen, Leah Millis, Daemein Hargrove, Joe Biden's, Hargrove, They're, he's, He's, Biden, Republican Donald Trump, Janet Yellen's, Casey Harrison, Harrison, it's, we've, Gina Raimondo, Deb Haaland, Yellen, what's, Barack Obama's, Rachelle Warren, Warren, It's, Andrea Shalal, Heather Timmons, Alistair Bell Organizations: Treasury, Development Finance, Strategic, International Studies, REUTERS, LAS VEGAS, U.S, International Brotherhood of Electrical Workers, Republican, Democrats, Las Vegas, NBC, Las, Sun, U.S . Treasury, Reuters, Biden, Thomson Locations: Washington , U.S, Las Vegas, United States, Vegas, Nevada

☆ Biden order curbing investment to China expected next week-sources
▼ + stars: | 2023-08-04 | by ( Karen Freifeld | ) www.reuters.com time to read: +3 min

REUTERS/Jonathan Ernst/File PhotoAug 4 (Reuters) - President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in sensitive technologies to China early next week, according to people familiar with the matter. The order is expected to target U.S. private equity, venture capital and joint venture investments in China in semiconductors, quantum computing and artificial intelligence. Most investments captured by the order will require that the government be notified about them. The regulations are not expected to take effect right away and the administration will solicit comment on its proposals, according to sources. Sources have told Reuters the investments that will be restricted are expected to track export control rules for China issued by the U.S. Department of Commerce in October.

Persons: Joe Biden, Jonathan Ernst, Cordell Hull, Janet Yellen's, Laura Black, Emily Kilcrease, Karen Freifeld, Anna Driver Organizations: Auburn Manufacturing, REUTERS, U.S . Commerce Department, U.S, Foreign Investment, Reuters, U.S . Department of Commerce, Thomson Locations: U.S, Auburn , Maine, China, Yellen, United States

☆ Biden order curbing investment to China expected next week
▼ + stars: | 2023-08-04 | by ( ) www.cnbc.com time to read: +3 min

President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in sensitive technologies to China early next week, according to people familiar with the matter. The order is expected to target U.S. private equity, venture capital and joint venture investments in China in semiconductors, quantum computing and artificial intelligence. Most investments captured by the order will require that the government be notified about them. The regulations are not expected to take effect right away and the administration will solicit comment on its proposals, according to sources. Sources have told Reuters the investments that will be restricted are expected to track export control rules for China issued by the U.S. Department of Commerce in October.

Persons: Joe Biden, Xi Jinping, Cordell Hull, Janet Yellen's, Laura Black, Emily Kilcrease Organizations: U.S . Commerce Department, U.S, Foreign Investment, Reuters, U.S . Department of Commerce Locations: Bali , Indonesia, China, U.S, Yellen, United States

☆ Nasdaq leads Wall St to higher close as CPI report lifts sentiment
▼ + stars: | 2023-07-12 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +4 min

Shares of big tech-related companies, which tend to be sensitive to higher interest rates, gave the S&P 500 its biggest boost. The Labor Department report also showed the smallest monthly gain in underlying consumer prices since August 2021. The S&P 500 banks index (.SPXBK) was up 0.6%. Advancing issues outnumbered declining ones on the NYSE by a 3.23-to-1 ratio; on Nasdaq, a 1.93-to-1 ratio favored advancers. The S&P 500 posted 66 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 129 new highs and 42 new lows.

Persons: Michael James, Quincy Krosby, Marvel, Janet Yellen's, Caroline Valetkevitch, Johann M Cherian, Shashwat Chauhan, Shinjini Ganguli, Nick Zieminski, David Gregorio Our Organizations: Nvidia, Broadcom, Dow, Nasdaq, Reserve, CPI, Wedbush Securities, Dow Jones, Labor Department, JPMorgan Chase, chipmaker Broadcom, VMware, Marvell Technology, Treasury, NYSE, Thomson Locations: Los Angeles, North Carolina, U.S, York, China, Beijing, Bengaluru

[1/3] US Treasury Secretary Janet Yellen speaks during her meeting with China's Vice Premier He Lifeng (out of frame) at the Diaoyutai State Guesthouse in Beijing on July 8, 2023. Yellen said nothing publicly to indicate that the U.S. was poised to ease tariffs, but commentators in China were hopeful, amid a U.S. Trade Representative review. "While U.S might continue its technological curbs on China, a reduction or exemption of non-core tariffs against China is possible." Yellen last year advocated eliminating some duties on "non-strategic" goods as a way to ease some specific costs amid high inflation. Haley has said she would push Congress to revoke China’s trade status until China curbs its alleged role in the fentanyl trade.

Persons: Janet Yellen, Lifeng, Pedro PARDO, Janet Yellen's, Biden, Harry Broadman, Donald Trump's, Premier Li Qiang, Yellen, Hong Hao, Chad Bown, " Bown, Josh Hawley, Ron DeSantis, Nikki Haley, Haley, Donald Trump, David Lawder, Andrea Shalal, Gram Slattery, Jeff Mason, Heather Timmons, Nick Zieminski Organizations: China's, WASHINGTON, . Treasury, Trump, White House, World Bank, Berkeley Research, Premier, U.S . Treasury, . Trade, China's Finance, U.S, Grow Investment, Times, Peterson Institute of International Economics, Reuters, Republican, Firebrand, Thomson Locations: Diaoyutai, Beijing, China, U.S, Washington, U.s, Donald Trump's China, CHINA, Xinjiang, Hong Kong, Florida, Mexico, Cuba

☆ Chip supply chain: China is in a leading position but doesn't have a 'chokehold,' law firm says
▼ + stars: | 2023-07-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChip supply chain: China is in a leading position but doesn't have a 'chokehold,' law firm saysClete Willems, partner at Akin Gump Strauss Hauer & Feld, says U.S. Treasury Secretary Janet Yellen's China visit was a "success" but doesn't put U.S.-China tech competition on a "different trajectory."

Persons: Clete Willems, Akin Gump Strauss Hauer, Feld, Janet Yellen's, doesn't Organizations: Treasury Locations: China, Janet Yellen's China

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