Jay Powell says America's economy is at an inflection point. China hits Alibaba with a record $2.8 billion fine. Britons queue at shops & bars as England eases out of lockdown.

Julia Chatterley is live from New York. Here are the top business news stories today!

Recovery ramp up! Fed Chair Jay Powell says America's economy is at an inflection point. China crackdown! China hits Alibaba with a record $2.8 billion fine. Morale milestone! Britons queue at shops & bars as England eases out of lockdown. And all in on AI! Microsoft acquires Nuance Communications in healthcare push.

It’s Monday, let’s make a move.

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