Governor Andrew Cuomo speaking about recent allegations. Source: New York State A combative New York Gov. Andrew Cuomo on Friday again refused to resign, arguing that calls by a growing number of Democratic lawmakers that he quit due to a sexual harassment scandal are “reckless and dangerous” because they do […]
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Two commodities could be the best exposure to reopening global economy, trader says
It’s been more than a year since the WHO declared the Covid crisis a pandemic, and the world’s two largest economies are well on the road to recovery. China, the second-largest economy, is expected to post 8.4% annualized GDP growth in 2021, according to FactSet estimates, rebounding from its slower […]
Tesla uses customers to test unfinished driverless tech, warns NTSB, urging stricter standards
A Tesla Model S car equipped with Autopilot David Paul Morris | Bloomberg | Getty Images The National Transportation Safety Board is calling for stronger federal requirements for the design and use of automated driving systems on public roads in the U.S., and it’s citing Tesla as an example of […]
Buyer of $69 million Beeple NFT is a crypto investor using the pseudonym Metakovan
A detail shot from a collage “EVERYDAYS: THE FIRST 5000 DAYS”, by a digital artist BEEPLE, that is on auction at Christie’s, unknown location, in this undated handout obtained by Reuters. Beeple | Christie’s Images Ltd. | via Reuters The buyer of the Beeple non-fungible token for $69 million was […]
Why people are paying more for tires
Some drivers may be noticing they are paying more for tires, and it may simply be because the vehicle they are driving comes with bigger wheels. A new set of trade tariffs also threaten to raise prices. The rise of the sport utility vehicle in America has also led to […]
10-year Treasury yield jumps to highest level in more than a year
Traders signal offers in the Ten-Year Treasury Note Options pit at the Chicago Board of Trade. Scott Olson | Getty Images The 10-year Treasury yield rose to the highest level in a year in a rapid move on Friday, a sign of greater optimism about a sharp economic comeback from […]
Majority of House Democrats from New York call on Gov. Andrew Cuomo to resign
New York Governor Andrew Cuomo listens to speakers at a vaccination site on March 8, 2021, in New York. SETH WENIG | AFP | Getty Images A majority of congressional Democrats from New York, including Rep. Alexandria Ocasio-Cortez and Judiciary Chairman Jerry Nadler, on Friday issued near-simultaneous calls for Gov. […]
Microsoft and Google spar ahead of antitrust hearing on tech and the future of news
Microsoft President Brad Smith speaks (L) and Sundar Pichai of Google. Getty Images Microsoft and Google sparred over their practices and treatment of news outlets in a battle between antitrust targets of past and present. In his written testimony for a hearing before the House Judiciary subcommittee on antitrust Friday, […]
S&P 500 retreats from a record after the 10-year yield jumps
U.S. stocks fell on Friday as bond yield jumped, rekindling fears that rising rates will take the comeback momentum out of equities, especially tech names. The S&P 500 lost 0.4%, falling from a record high reached in the previous session. The tech-heavy Nasdaq Composite shed 1.2%. The Dow Jones Industrial […]
Drive-thru ordering surged during the pandemic. Fast-food chains don’t think it’s a fad
A closed sign hangs on the door with a view of the empty restaurant during the coronavirus pandemic on April 14, 2020 in New York City. Rob Kim | Getty Images Last March, restaurant sales sharply fell after governors banned in-person dining and consumers began working through their glut of […]