Jack Lew

With Zohran Mamdani officially securing the Democratic nomination in the New York City mayoral race, centrist figures within the Democratic party, such as former Treasury Secretary Jack Lew, are raising questions on the city’s future under a self-described Democratic Socialist. What Happened...

U.S. Treasury Secretary Janet Yellen stated she "practiced and practiced" writing the signature that will soon be seen on U.S. dollars in a bid to avoid the illegible scrawls of her predecessors Tim Geithner and Jack Lew, reported Reuters, citing her statement to CBS late-night...

Jack Lew visited the Brookings Institution in Washington, D.C. on Wednesday in honor of the fifth anniversary of the Dodd-Frank Act. While there, he spoke about two countries scrambling to resolve domestic financial crises: Greece and China. Greece "Right now, I don't see any immediate threat to...

The strength of U.S. dollar and the turmoil in various economies around the world, especially in Greece, have rattled many nerves. The question continues to be raised: Are these crises going to end soon? U.S. Treasury Secretary Jack Lew was recently on Bloomberg to answer that question. Using...

Cybersecurity stocks largely fell Wednesday amid news that President Barack Obama had signed an executive order that places sanctions on hackers. The order authorizes the Treasury Department "to impose sanctions on individuals or entities that engage in malicious cyber-enabled activities...

U.S. Treasury Secretary Jack Lew spoke at the Brookings Institution Wednesday about the need to end corporate tax inversions and reform the U.S. tax system following President Obama's State of the Union address. “Let me say at the outset that our entire federal tax code needs to be...

Finance ministers and central bank governors from some of the world's largest and fastest-growing economies are meeting in in Sydney, Australia, this weekend, for the Group of 20 summit. The G20 countries reportedly represent about two-thirds of the world's population, 85 percent of global GPD...

U.S. stocks rose today as investors and traders felt that there were plenty of bargains in the market to be found. "Today is just a bounce. I don't think there is really that much behind it, other than some bargain hunters stepping in," Robert Pavlik, a chief market strategist said to CNBC....

Traders and investors woke up Thursday morning to troubling news out of China. Chinese January HSBC flash PMI declined to 49.6 from a 50.5 in December. The data is re-starting the Chinese slowdown debate and according to Reuters has “reinforced concerns about global growth, especially in...

US existing home sales data fell in November while new filings for unemployment unexpectedly rose. On Thursday, the National Association of Realtors announced that home resales dropped 4.3 percent in November, near a one year low. In another report on the same day, the US Labor Department...

Markets leapt higher as investors anticipate an increase in the debt ceiling. President Obama is set to meet with Republicans this afternoon and Treasury Secretary Jack Lew recommended the increase. Major Averages The Dow Jones Industrial Average spiked 323.09 points, or 2.18 percent, to 15,...

By Bryan Wiener We are now entering week two of the government shutdown. The United States Congress did not pass a Continuing Resolution emergency budget on Monday, September 30, and the country's fiscal and economic welfare is in limbo. Bipartisan feuding over the efficacy of President Obama's...

It's that time again in Washington... The stakes are high. The clock is ticking down. The politicians are getting anxious. And the level of adjectives being espoused in and around the nation's capital is escalating rapidly. The President of the United States told CNBC Wednesday afternoon that...

Based on the early action, it appears that traders have moved into a schizophrenic mode as Tuesday's gains could be reversed quickly at the open. At issue is the simple fact that no one really knows what to expect in terms of the duration of the government shutdown. And, the bottom line is markets...