Dow Jones Industrial Average jumps 162 points The Dow jumped 162.94 points, or 0.6%, to 26,970.71 on Wednesday. The S&P 500 climbed 0.6% to 2984.87. The Nasdaq Composite advanced 1.1% to close at 8077.38. The gains come after the S&P 500 and Nasdaq had their worst day in a month […]
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Why would a central bank want negative interest rates?
10 Mins Ago President Donald Trump is a big fan of low interest rates. In fact, he’s called on the U.S. Federal Reserve to take rates into negative territory, just like Germany or Japan. In theory, the banks would pay you to borrow money. But savers would also have to […]
Watch: Trump holds press conference after Ukraine call notes released
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Investors like Chanos wonder if Trump’s positive trade talk is ploy to distract from impeachment
President Donald Trump speaks to reporters as he meets with Australia’s Prime Minister Scott Morrison in the Oval Office of the White House in Washington, U.S., September 20, 2019. Jonathan Ernst | Reuters As U.S. stocks climb and fall in response to President Donald Trump‘s words (and tweets), some traders […]
Facebook will soon let Oculus users build their own avatars so they can play laser tag on the moon
Facebook CEO Mark Zuckerberg at the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images Facebook is trying to lure more users to its Oculus headsets by introducing a virtual reality world. On Wednesday, the company announced Horizon, an animated world of avatars, […]
Watch: Trump speaks after bilateral meeting with Ukraine President Zelensky
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Vox Media CEO hints at more media acquisitions on the horizon after NY Mag deal
Jim Bankoff David Paul Morris | Bloomberg | Getty Images CEO and Chairman of Vox Media Jim Bankoff suggested more media consolidation is coming after the company acquired New York Media, the parent company of New York Magazine, in an all-stock deal Tuesday. The value of the deal was not […]
Beijing opens starfish-shaped second airport as China air travel demand grows
This photo taken on June 28, 2019 shows the terminal of the new Beijing Daxing International Airport. STR | AFP | Getty Images China’s monument to booming air travel demand opened Wednesday: a sprawling starfish-shaped airport in southern Beijing that could handle up to 100 million travelers a year. Beijing […]
Stocks making the biggest moves midday: Nike, Philip Morris, Marathon Petroleum & more
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images Check out the companies making headlines in midday trading: Nike — Nike shares jumped to a record high […]
‘Lady Bird’ star Saoirse Ronan’s Ireland home is for sale for $1.7 million—take a look inside
Actress Saoirse Ronan has listed her Ireland home for €1.5 million, or about $1.66 million. The property is located in the coastal community of Greystones, which is about 20 miles outside of Dublin, Ireland. The three-story home is 4,844 square feet, with five bedrooms and five bathrooms. In the past […]