Major averages rebounded Tuesday as investors stepped in to buy the dip from the Dow Jones Industrial Average’s worst day in eight months. The comeback rally gained steam steadily through the session as a bounce in Treasury yields soothed some concerns that a Covid resurgence would slow down the economic […]
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Jeff Bezos looks to life beyond Amazon after historic space ride
Chief Executive Officer of Amazon, Jeff Bezos, tours the facility at the grand opening of the Amazon Spheres, in Seattle, Washington on January 29, 2018. Jason Redmond | AFP | Getty Images Jeff Bezos just took on a new title after stepping down as CEO of Amazon earlier this month […]
Jeff Bezos says sales of Blue Origin space tourist flights are ‘approaching $100 million’ already
The New Shepard Blue Origin rocket prepares to lift-off from the launch pad carrying Jeff Bezos along with his brother Mark Bezos, 18-year-old Oliver Daemen, and 82-year-old Wally Funk prepare to launch on July 20, 2021 in Van Horn, Texas. Blue Origin | Anadolu Agency | Getty Images VAN HORN, […]
Comcast and ViacomCBS face prisoner’s dilemma as they consider ways to work together
CEO of Comcast Brian Roberts arrives for the Allen & Company Sun Valley Conference on July 06, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images The prisoner’s dilemma is a standard game theory situation often taught in business school. Comcast Chief Executive Brian Roberts and ViacomCBS chairman Shari […]
Options trader bets on a huge rebound for Nordstrom
Nordstrom may have lost more than 3% in Monday’s washout — but that price action emboldened, rather than deterred — at least one options trader to make a very bullish bet on the retailer’s stock. As of Monday’s close, Nordstrom had lost 13% in the last week of trading. This […]
‘If anybody is lying here senator, it is you,’ Fauci tells Sen. Paul in heated exchange at Senate hearing
White House chief medical advisor Dr. Anthony Fauci and Sen. Rand Paul traded barbs in a heated exchange at a Senate hearing Tuesday over whether the National Institutes of Health funded controversial research Paul claims could have contributed to the Covid-19 pandemic. Paul grilled Fauci about an NIH funded study […]
The Dow is now up nearly 600 points as stocks snap back from Monday’s decline
Major averages rebounded on Tuesday as investors stepped in to buy the dip from the Dow Jones Industrial average’s worst day in eight months. The comeback rally gained steam steadily through the session as a bounce in Treasury yields soothed some concerns that a Covid resurgence would slow down the […]
Builders pull back as more homebuyers are priced out of the market
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters There are several signs in the market for newly built homes that point to a potential slowdown for the nation’s homebuilders. Data released […]
Tokyo Olympics ready to start, but Covid overshadows the world’s greatest sports spectacle
A man wearing a face mask stands behind the Olympic symbols of the five interlaced rings pictured near the National Stadium in Tokyo. James Matsumoto, SOPA Images | LightRocket | Getty Images After a one-year delay, weeks of negative headlines and public backlash, the Tokyo Olympics are set to open […]
Delta variant now accounts for 83% of all sequenced Covid cases in the U.S., CDC Director Walensky says
A mobile Covid-19 vaccination centre outside Bolton Town Hall, Bolton, where case numbers of the Delta variant first identified in India have been relatively high. Peter Byrne | PA Images | Getty Images The delta variant first identified in India is now estimated to make up 83% of all sequenced […]