U.S. stocks climbed on Monday, building on a recent rally to record levels as investors remained optimistic about further Covid stimulus and an economic recovery. The Dow Jones Industrial Average rose 200 points to a fresh all-time high. The S&P 500 gained 0.5% and the Nasdaq Composite advanced 0.6%, both […]
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Democrats to unveil one-year plan to send up to $3,600 per child to households
Rep. Richard Neal (D-MA) Toya Sarno Jordan | Getty Images Democrats in the House are expected on Monday to unveil their plan to send up to $3,600 per child to families, a vast but temporary expansion of relief to households that experts have projected could lift millions from poverty. The […]
Dow rises more than 100 points to a record high as rally continues
U.S. stock index futures rose early Monday, as the major averages looked to build upon gains following the best week since November amid optimism toward more Covid stimulus. Futures contracts tied to the Dow Jones Industrial Average rose 120 points, or 0.4%. S&P 500 futures also added 0.4% and Nasdaq […]
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment
Tesla announced Monday it has bought $1.5 billion worth of bitcoin. In a filing with the Securities and Exchange Commission, the company said it bought the bitcoin for “more flexibility to further diversify and maximize returns on our cash.” Tesla also said it will start accepting payments in bitcoin in […]
Biden says it will be difficult to achieve Covid herd immunity before summer’s end
A woman holds her one year-old son as they wait in line to get a coronavirus test at the Harvard Street Neighborhood Health Center’s COVID-19 Testing site at 895 Blue Hill Avenue in Boston’s Roxbury on Nov. 10, 2020. Jessica Rinaldi | Boston Globe | Getty Images President Joe Biden […]
The who, what and where of Elon Musk’s $100 million prize money for carbon capture innovation
The details behind Elon Musk‘s $100 million prize for the best carbon capture technology are coming into focus. On Jan. 21 when the Tesla CEO tweeted he would be donating $100 million toward a prize for the best carbon capture technology, he piqued interest, but also left many questions unanswered. […]
Tweets from Elon Musk and celebrities send dogecoin to a record high
A visual representation of dogecoin and other cryptocurrencies. Yuriko Nakao | Getty Images LONDON — Dogecoin is surging after billionaire Elon Musk and a number of celebrities appeared to back the cryptocurrency on Twitter. The meme-inspired token rallied 65% in 24 hours to a record high of $0.083745 at 5:30 […]
AstraZeneca races to adapt Covid vaccine as South Africa suspends rollout
Dose of the Oxford University/AstraZeneca COVID-19 vaccine is displayed from its box at the Princess Royal Hospital in Haywards Heath, West Sussex, Britain January 2, 2021. Gareth Fuller | Reuters Drugmaker AstraZeneca is racing to adapt its Covid-19 vaccine in the face of new variants of the virus, with the […]
Carmakers have been hit hard by a global chip shortage — here’s why
Silicon chips are the lifeblood of the tech-obsessed world we live in, but today they’re in short supply. Demand for these chips, or semiconductors, has soared during the coronavirus pandemic as people snapped up games consoles, laptops and TVs to help get through lockdowns. Now, many of these products — […]
U.S. stock futures rise following Wall Street’s best week since November
U.S. stock index futures rose in early morning trading Monday, as the major averages looked to build upon gains following the best week since November. Futures contracts tied to the Dow gained 92 points. S&P 500 futures and Nasdaq 100 futures also traded in positive territory. The S&P 500 closed […]