A pedestrian walks in front of an AT&T location in New York. Scott Mlyn | CNBC The Securities and Exchange Commission accused AT&T and three of its executives of selectively giving some Wall Street analysts access to nonpublic information without sharing it widely. The SEC alleged in a new complaint […]
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Cannabis stocks slump for second straight week as prospects dim for nationwide legalization
A worker inspects cannabis plants inside the grow room at the Aphria Inc. Diamond facility in Leamington, Ontario, Canada, on Wednesday, Jan. 13, 2021. Tilray Inc. and Aphria Inc. agreed to combine their operations, forming a new giant in the fast-growing cannabis industry. Annie Sakkab | Bloomberg | Getty Images […]
Tesla closes below $600 for the first time since December — here’s what’s weighing the stock down
Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Shares in Tesla were down as much as 8% Friday morning. They’ve since recovered to finish down less than 4% as markets showed a dramatic […]
Stocks face the crosscurrents of higher interest rates and fiscal stimulus in the week ahead
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange The Covid-19 aid package is on track for final congressional approval in the week ahead — and it could be a double-edged sword for markets. The legislation should be greeted by optimism around the […]
GOP groups quiet as billionaire donor stands accused of running biggest tax fraud scheme ever
The billionaire accused of running the biggest tax fraud scheme in U.S. history was a prolific donor to Republican groups and causes. The leaders of those organizations have kept quiet on the federal charges against him. Robert Brockman, former CEO of Ohio-based software company Reynolds & Reynolds, was charged in […]
I spend 5 hours a day staring at my iPhone — here’s how to measure and control your phone addiction
Lilly Bloom/Getty Images My iPhone tells me I spend an average of 5 hours a day looking at it. That’s crazy, considering I also spend about 10 hours sitting at my computer. I have a baby at home, and I’ve started to feel guilty about how often I’m looking at […]
Democrats’ $1.9 trillion relief plan stalls in Senate amid impasse over unemployment aid
U.S. Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters at the U.S. Capitol, on Capitol Hill in Washington, February 10, 2021. Al Drago | Reuters Senate Democrats have agreed to cut the weekly unemployment insurance supplement in their $1.9 trillion coronavirus relief bill but extend it for a longer […]
Dow rallies 570 points in big turnaround, Nasdaq ends wild day 1.6% higher
U.S. stocks roared back from a sharp sell-off on Friday as a rally in bond yields eased, while a stronger-than-expected jobs report boosted optimism for a faster economic recovery. The Dow Jones Industrial Average climbed 572.16 points, or 1.9%, to 31,496.30 after losing as much as 150 points. The S&P […]
Stocks climb again after stronger-than-expected jobs report — Here’s what experts are watching
Stocks saw a major reversal on Friday. After selling off, the Dow, S&P 500 and Nasdaq all rebounded in the afternoon session as investors digested a better-than-expected jobs report. Nonfarm payrolls jumped by 379,000 in February, and the unemployment rate fell to 6.2%. That compared with expectations of 210,000 new […]
A top Democrat wants Biden’s infrastructure bill to reduce energy tax breaks, limit them to green initiatives
President Joe Biden‘s coming infrastructure plan should dramatically reduce tax breaks for the energy industry and focus them on green initiatives, the chairman of a powerful Senate committee told CNBC. Sen. Ron Wyden, who leads the Senate Finance Committee, said such an overhaul is at the top of his agenda. […]