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Tuesday, March 2, 2021

Fed Chair Jerome Powell optimistic for ‘complete’ U.S. economic recovery

In Congress to give lawmakers and the public an update on the state of the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday that there's a lot of economic confidence right now and gave a mostly optimistic picture of things to come.

Dow erases early losses to climb to record; S&P and Nasdaq fall

The Dow Jones Industrial Average hit a new record high on Wednesday while tech stocks dragged the other major U.S. indexes down.

Court rules Revlon lenders can keep $500M Citigroup mistakenly paid them

A federal judge ruled Tuesday that investment firms that made loans to cosmetic giant Revlon could keep roughly $500 million Citigroup attempted to recoup.

Amazon sues New York AG to prevent legal action against it

AmazonĀ filed a federal lawsuit Friday against New York Attorney General Letitia James to head off legal action over the company's handling of coronavirus conditions at its Staten Island warehouse last year.

CBO Report: Federal debt to slightly exceed GDP this year

Federal debt will hit 102% of Gross Domestic Product in 2021, Congressional Budget Office said Thursday.