Potential home buyers walk past an ‘Open House’ sign displayed in the front yard of a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage interest rates last week rose at the fastest pace in over a year, throwing cold water on already cooling demand. […]
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The oil industry is getting greener much more quickly as U.S. focus shifts to climate change
A worker wrestles a stand of drill pipe into place on a drilling rig near Midland, Texas. Nick Oxford | Reuters The greening of the American oil industry has gone into overdrive. Dan Yergin, IHS Markit vice chairman, said it’s an important turning point for the oil and gas sector, […]
The pandemic is reversing gender equality progress in the workplace, PwC says
MoMo Productions Women’s progress in the workplace is set to reverse due to the coronavirus pandemic, professional services firm PwC found in its analysis of developed countries. PwC said that the pandemic was set to push the progress towards gender equality in the workplace back to 2017 levels, in a […]
Russia slams ‘hostile’ new U.S. sanctions and vows to retaliate
A woman and her dog leave Red Square in downtown Moscow on September 24, 2020. YURI KADOBNOV | AFP | Getty Images Moscow rejected new sanctions imposed on it by the U.S. late Tuesday, describing the restrictions led by President Joe Biden’s administration as “hostile.” Russia’s Ministry of Foreign Affairs […]
People are paying millions for clips that can be viewed for free. Welcome to the world of ‘NFTs’
A virtual art piece titled “Everydays: The First 5000 Days.” Created by digital artist Beeple, it’s the first NFT-based work of art to go on auction at Christie’s. Christie’s From art to sports trading cards, people are spending millions of dollars on digital collector’s items. These crypto collectibles, known as […]
Stock futures rise in early morning trading after Tuesday’s losses
U.S. stock futures were flat in overnight trading Tuesday after stocks dipped in the regular session. Dow futures rose 25 points. S&P 500 futures gained 0.1% and Nasdaq 100 futures rose 0.15%. On Tuesday, the major averages gave back some their sharp gains from Monday. The Dow Jones Industrial Average […]
Why some Chinese are buying local electric car brands like Nio — instead of Tesla
An electric vehicle charging station is seen at Nio’s headquarters on Jan. 31, 2021 in Hefei, Anhui Province of China. Ruan Xuefeng | Visual China Group | Getty Images BEIJING — Chinese consumers thinking about whether to buy Tesla‘s electric cars or local alternatives have two things at the top […]
Gov. Andrew Cuomo’s ‘casual sexism’ hinders equality for everyone, author says
Author Joanne Lipman said that New York Gov. Andrew Cuomo’s recent reported behavior toward women feeds into institutional sexism and fuels the enormous disparities in pay, promotion, and opportunity. “When we marginalize them [women], we don’t value them as much,” Lipman said on CNBC’s “The News with Shepard Smith.” “When […]
Stock futures flat in overnight trading after Tuesday’s losses
U.S. stock futures were flat in overnight trading Tuesday after stocks dipped in the regular session. Dow futures rose 25 points. S&P 500 futures gained 0.1% and Nasdaq 100 futures rose 0.15%. On Tuesday, the major averages gave back some their sharp gains from Monday. The Dow Jones Industrial Average […]
Market bull who predicted herd immunity by Independence Day: ‘Maybe we weren’t optimistic enough’
He’s the market bull who predicted the U.S. would be free of the coronavirus by Independence Day. And now, Phil Orlando’s forecast may be closer to becoming a reality. As the U.S. goes to three available vaccines from two, President Joe Biden is assuring the country there will be enough […]