US stocks edge higher as all eyes on Powell’s economic policy speech

US stocks edge higher as all eyes on Powell’s economic policy speech

US stocks edged higher on Friday as all eyes are on Fed Chairman Jerome Powell's Friday economic policy speech. Powell and Fed governors are set to meet for their annual Jackson Hole meeting today, though the event has been changed to virtual format following the recent surge in COVID-19 Delta cases. Top of mind for investors is the Fed's move to potentially begin tapering its monthly bond purchases, which were put into place amid the COVID-19 pandemic to calm down credit markets and ensure companies could raise debt. Recent minutes from July's meeting suggested that the Fed may begin tapering its $120 billion of monthly bond purchases before year-end, but not all members were on the same page. Poly Network said all of the $610 million stolen by a hacker earlier this month the final $33 million that was frozen. Bank of America gave as it scales up production to meet demand for its oat milk products. China intends to ban US stock listings for tech companies that have troves of sensitive user data, The move comes following the troubled IPO of ride-hailing giant Didi. CEO Tim Cook he received in a performance payout, netting him a total $355 million