S&P 500   4,579.93 (+0.11%)
DOW   35,675.56 (-0.23%)
QQQ   382.23 (+0.82%)
AAPL   149.44 (+0.08%)
MSFT   324.56 (+4.66%)
FB   316.04 (+0.07%)
GOOGL   2,955.97 (+6.09%)
TSLA   1,051.10 (+3.21%)
AMZN   3,412.70 (+1.08%)
NVDA   247.79 (+0.25%)
BABA   168.83 (-0.68%)
NIO   39.71 (-1.88%)
CGC   12.95 (-1.67%)
GE   104.36 (-2.87%)
AMD   123.99 (+0.86%)
MU   68.26 (-0.99%)
T   25.10 (-1.06%)
F   15.76 (-1.13%)
ACB   6.90 (-1.85%)
DIS   170.33 (-0.99%)
PFE   42.78 (-1.79%)
BA   207.26 (-1.22%)
AMC   34.91 (-3.16%)
S&P 500   4,579.93 (+0.11%)
DOW   35,675.56 (-0.23%)
QQQ   382.23 (+0.82%)
AAPL   149.44 (+0.08%)
MSFT   324.56 (+4.66%)
FB   316.04 (+0.07%)
GOOGL   2,955.97 (+6.09%)
TSLA   1,051.10 (+3.21%)
AMZN   3,412.70 (+1.08%)
NVDA   247.79 (+0.25%)
BABA   168.83 (-0.68%)
NIO   39.71 (-1.88%)
CGC   12.95 (-1.67%)
GE   104.36 (-2.87%)
AMD   123.99 (+0.86%)
MU   68.26 (-0.99%)
T   25.10 (-1.06%)
F   15.76 (-1.13%)
ACB   6.90 (-1.85%)
DIS   170.33 (-0.99%)
PFE   42.78 (-1.79%)
BA   207.26 (-1.22%)
AMC   34.91 (-3.16%)
S&P 500   4,579.93 (+0.11%)
DOW   35,675.56 (-0.23%)
QQQ   382.23 (+0.82%)
AAPL   149.44 (+0.08%)
MSFT   324.56 (+4.66%)
FB   316.04 (+0.07%)
GOOGL   2,955.97 (+6.09%)
TSLA   1,051.10 (+3.21%)
AMZN   3,412.70 (+1.08%)
NVDA   247.79 (+0.25%)
BABA   168.83 (-0.68%)
NIO   39.71 (-1.88%)
CGC   12.95 (-1.67%)
GE   104.36 (-2.87%)
AMD   123.99 (+0.86%)
MU   68.26 (-0.99%)
T   25.10 (-1.06%)
F   15.76 (-1.13%)
ACB   6.90 (-1.85%)
DIS   170.33 (-0.99%)
PFE   42.78 (-1.79%)
BA   207.26 (-1.22%)
AMC   34.91 (-3.16%)
S&P 500   4,579.93 (+0.11%)
DOW   35,675.56 (-0.23%)
QQQ   382.23 (+0.82%)
AAPL   149.44 (+0.08%)
MSFT   324.56 (+4.66%)
FB   316.04 (+0.07%)
GOOGL   2,955.97 (+6.09%)
TSLA   1,051.10 (+3.21%)
AMZN   3,412.70 (+1.08%)
NVDA   247.79 (+0.25%)
BABA   168.83 (-0.68%)
NIO   39.71 (-1.88%)
CGC   12.95 (-1.67%)
GE   104.36 (-2.87%)
AMD   123.99 (+0.86%)
MU   68.26 (-0.99%)
T   25.10 (-1.06%)
F   15.76 (-1.13%)
ACB   6.90 (-1.85%)
DIS   170.33 (-0.99%)
PFE   42.78 (-1.79%)
BA   207.26 (-1.22%)
AMC   34.91 (-3.16%)

IMF's board approves allowing Georgieva to remain as head

Tuesday, October 12, 2021 | Martin Crutsinger And Elaine Kurtenbach, AP Business Writers

Kristalina Georgieva
FIEL - In this Sept. 6, 2021, file photo, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), delivers a speech during the opening ceremony for the Floating Office where a high-level dialogue on climate adaptation takes place in Rotterdam, Netherlands. The IMF has backed the managing director against allegations that World Bank staff were pressured to change business rankings for China in an effort to placate Beijing. The scandal had raised questions about whether Georgieva, who has denied any wrongdoing, would be asked to step down from her post. (AP Photo/Peter Dejong, File)

WASHINGTON (AP) — The International Monetary Fund expressed “full confidence” in its managing director Tuesday in response to allegations that World Bank staff were pressured to change business rankings for China in an effort to placate Beijing.

The IMF’s 24-member executive board said in a statement that its review “did not conclusively demonstrate that the managing director, Kristalina Georgieva, played an improper role” in the situation in her former role as a top official of the World Bank.

“Having looked at all the evidence presented, the executive board reaffirms its full confidence in the managing director’s leadership and ability to continue to effectively carry out her duties,” it said.

However it said the probe into possible misconduct by World Bank staff was continuing and the United States, the IMF's largest shareholder, said it planned to closely monitor the further investigation into the issue.

Georgieva has denied any wrongdoing in response to a report alleging she played a role in pressuring staff to amend data affecting the business climate rankings of China and other nations.

U.S. Treasury Secretary Janet Yellen spoke with Georgieva by phone and said the report “raised legitimate issues and concerns,” the Treasury Department said in a statement.

However, the Treasury agreed that “absent further direct evidence with regard to the role of the managing director there is not a basis for a change in IMF leadership.”

Yellen said it was crucial to defend the integrity of the IMF and the World Bank.

The “U.S. believes proactive steps must be taken to reinforce data integrity and credibility at the IMF, and that the institution and its leadership must renew their commitment to upholding transparency and whistleblower protections surrounding policies, research, and analysis to provide accountability and public oversight over key decisions,” the Treasury statement said.

The IMF had said late Friday it was seeking more “clarifying details” in its investigation and the board met again with Georgieva on Sunday.

Georgieva appeared before a panel for more than five hours last week after a presentation by the law firm WilmerHale that alleged she and other World Bank officials had pressured staff to alter the data.

The law firm’s report prompted the World Bank to discontinue the annual Doing Business report, which China and other countries had used to attract foreign business investment.

The incident prompted critics to contend that China, the world’s second largest economy, has too much influence over international finance organizations.

The 190-nation IMF and World Bank annual meetings are being held this week in Washington and the controversy surrounding the Doing Business report was threatening to overshadow the agenda of those meetings.

Georgieva is only the second woman to head the IMF, taking over two years ago from Christine Lagarde, who left the IMF to become head of the European Central Bank.


7 Forever Stocks That Are Never Bad to Buy

Investors thought 2021 would be a less volatile year. That narrative has run into some problems. Sure, all the major indexes are up for the year. And that’s despite the NASDAQ’s gut-wrenching 10% drop in March.

But many investors don’t feel much like celebrating. In fact, many are concerned about the liquidity that continues to be pumped into the stock market. In 2020, the pandemic flooded the economy with $6 trillion dollars of stimulus.

However, in the last few months, the Federal Reserve has introduced another $6 trillion into the economy. We would have stopped counting, but the math is pretty easy. It’s $12.3 trillion that has flooded into the economy.

Eventually, this is going to end badly. But timing the market is an imperfect science particularly when many investors are enjoying the game.

Fortunately, there’s a way to safeguard your portfolio without abandoning equities. That has to do with investing in forever stocks. Forever stocks aren’t magic beans. They don’t go up forever. But they are stocks that have stood the test of time. And investing in these stocks will keep your portfolio heading in the right direction.

With that in mind, we’ve put together this special presentation that showcases seven of these forever stocks. These are all stocks that are household names, but that’s kind of the point. You don’t need special knowledge. You just have to recognize that these are companies that consistently do right by their shareholders.

View the "7 Forever Stocks That Are Never Bad to Buy".


Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.