A worker walks past snow-covered pipework in the yard at the Gazprom PJSC Slavyanskaya compressor station on Thursday, Jan. 28, 2021. Andrey Rudakov | Bloomberg | Getty Images LONDON — A simmering geopolitical dispute over an undersea pipeline that would bring gas from Russia to Germany is widely expected to […]
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Xpeng predicts it will deliver fewer electric cars than Nio in the first quarter
Xpeng CEO He Xiaopeng stands next to the company’s P7 electric sedan as he addresses media at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Chinese electric car maker Xpeng forecast it will deliver far fewer cars than rival start-up Nio in the first three months of […]
Bitcoin tops $1 trillion in value again as the cryptocurrency’s price jumps
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in front of the Bitcoin course’s graph on February 09, 2021 in Paris, France. Chesnot | Getty Images Bitcoin’s value surpassed $1 trillion on Tuesday as the price of the cryptocurrency jumped. The digital coin’s […]
Bitcoin exceeds $1 trillion in market value for second time since February
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in front of the Bitcoin course’s graph on February 09, 2021 in Paris, France. Chesnot | Getty Images Bitcoin’s value briefly surpassed $1 trillion on Tuesday as the price of the cryptocurrency jumped. The digital […]
Lawyers appointed for Cuomo sexual harassment probe, Republicans will seek impeachment of New York governor
New York’s attorney general on Monday appointed a former top federal prosecutor and a leading employment lawyer to head the investigation into claims that Gov. Andrew Cuomo sexually harassed several women. Also Monday, a spokesman for New York Assembly Minority Leader William Barclay told media outlets that a Republican-sponsored resolution […]
Dow futures rise, extending Monday’s 300-point rally
Dow futures moved higher in overnight trading on Monday, putting the index on track to extend its rally from the regular session. Dow futures rose about 120 points. S&P 500 futures gained 0.4% and Nasdaq 100 futures rose 0.5%. On Monday, the Dow Jones Industrial Average rallied more than 300 […]
Time to double down — not let up, WHO chief scientist warns as Covid cases rise
The world needs to ramp up efforts to combat Covid-19 — and countries must not let their guard down, the World Health Organization’s chief scientist warned Monday as coronavirus cases around the world surge. “We’re at a very risky period,” said Dr. Soumya Swaminathan of the World Health Organization. “We need […]
Budget carrier Frontier Airlines files for an IPO again
Frontier Airlines planes stand at gates on the A Concourse at Denver International Airport in Denver. David Zalubowski | AP Frontier Airlines filed for an IPO on Monday, a second attempt to go public that comes as the industry positions itself for a rebound from the Covid-19 pandemic. The airline […]
‘Significant long-term scarring’ in services will limit pent-up consumer demand and suppress inflation, economist Stephen Roach predicts
Economist Stephen Roach said Monday he believes Wall Street is overestimating a consumer comeback. According to the Yale University senior fellow, demand will snap back like a rubber band later this year as the V-shaped recovery loses momentum. “With vaccines rushing out together with a lot of stimulus, you can just […]
Connecticut governor defends easing Covid restrictions, says many at-risk residents vaccinated
Connecticut Gov. Ned Lamont on Monday defended his plans to ease Covid restrictions in the state starting next week, telling CNBC he believes a decline in new infections and the distribution of vaccines support such a move. “We have the vast majority of our population most at risk has now been vaccinated. […]