U.S. stocks rose sharply on Monday, as Treasury yields retreated from last week’s highs, easing concerns about inflation and that higher rates would undermine equity valuations. The Dow Jones Industrial Average jumped 660 points, or 2.2%, led by Boeing which climbed 6.8%. The S&P 500 gained about 2.1% as all […]
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Florida Gov. DeSantis accused of favoritism in distributing Covid vaccine, Congress urged to investigate
Florida Gov. Ron DeSantis speaks holding his facemask during a press conference to address the rise of coronavirus cases in the state, at Jackson Memorial Hospital in Miami, on July 13, 2020. Chandan Khanna | AFP | Getty Images Florida’s agriculture commissioner on Monday called for a congressional investigation into […]
Dow jumps 450 points to start the week as rate fears ease
U.S. stocks rose sharply on Monday, as Treasury yields retreated from their highs from last week, easing concerns about inflation and that higher rates would undermine equity valuations. The Dow Jones Industrial Average jumped 455 points, or 1.5%. The S&P 500 gained about 1.5% as all 11 sectors traded in […]
Senate Democrats to drop minimum wage plan in $1.9 trillion stimulus bill
U.S. Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters in The Senate Reception Room during the second day of Trump’s second impeachment trial in Washington, February 10, 2021. Brandon Bell | Pool | Reuters Senate Democrats will abandon plans to help raise workers’ pay through tax penalties and other […]
J&J CEO says single-shot Covid vaccine will keep people out of the hospital, prevent deaths
Johnson & Johnson CEO Alex Gorsky told CNBC on Monday that the company’s Covid-19 vaccine will be an important tool in the fight against the coronavirus because it prevents hospitalizations and keeps people from dying. The FDA on Saturday authorized J&J’s Covid-19 vaccine for emergency use, making it the third […]
‘There is no alternative’ — Stocks’ long-running ‘TINA’ advantage could be ending, worrying traders
The New York Stock Exchange (NYSE) stands in the Financial District in Manhattan on January 28, 2021 in New York City. Spencer Platt | Getty Images Will March be the death of the “TINA” trade? February started with the reflation trade, and ended with a bond market rout that scrambled […]
Dow futures jump 300 points to start the week as rate fears ease
U.S. stock futures rose sharply in early morning trading on Monday, as Treasury yields retreated from their highs from last week, easing concerns about inflation and that higher rates would undermine equity valuations. Dow Jones Industrial average futures rose 305 points, or 0.9%. S&P 500 futures gained about 1%. Futures […]
Small-launch leader Rocket Lab going public via a SPAC, with plans for bigger Neutron rocket
Rocket Lab CEO Peter Beck stands with one his company’s Electron rockets. Rocket Lab Rocket Lab, the leader among companies building small rockets to launch satellites, is going public through a SPAC merger that values the company at more than $4 billion when the deal closes. The company is combining […]
Dow futures surge more than 300 points as the 10-year Treasury yield declines
A woman walks past the New York Stock Exchange (NYSE) at Wall Street on January 12, 2021 in New York City. ANGELA WEISS | AFP | Getty Images U.S. stock futures rose sharply in early morning trading on Monday, as Treasury yields continued to retreat from their highs from last […]
Warren Buffett owns more of a Chinese electric car company than General Motors
Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Warren Buffett‘s Berkshire Hathaway conglomerate has a larger stake in Chinese electric automaker BYD than it does of General Motors, according to […]