business news
Stock futures bounce as investors assess start of new quarter, bond market recession indicator
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, 2022. Brendan Mcdermid | Reuters Stock futures rose early Thursday as investors assessed a new quarter of trading and a troublesome bond market recession indicator. Investors were also awaiting the official jobs report for March, which […]
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Biden to invoke Defense Production Act for electric vehicle battery materials
U.S. President Joe Biden announces the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, as part of administration efforts to lower gasoline prices, during remarks in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., March 31, […]
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Now that the key yield curve has inverted, here’s what typically happens to stocks next
For investors wondering what the yield curve inversion means for the market, it is not necessarily a death knell for stocks. Source
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2-year Treasury yield tops 10-year rate, a ‘yield curve’ inversion that could signal a recession
Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022. Andrew Kelly | Reuters The 2-year and 10-year Treasury yields inverted for the first time since 2019 on Thursday, sending a possible warning signal that a recession could be on the horizon. The bond […]
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Booking Holdings CEO says higher prices haven’t dented summer travel demand yet
A sharp uptick in inflation has so far not caused a slowdown in demand for travel in the spring and summer months, Booking Holdings CEO Glenn Fogel told CNBC on Thursday. “Not yet. Not yet,” said Fogel, whose company offers online travel services, including flight booking. He cited the Covid pandemic’s disruptions to travel routines. “When you […]
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A human genome has finally, fully been decoded
Fotohunter | Getty Images Mission accomplished — or close enough, anyway. That was the message scientists sent to the world in 2003 when they announced that the human genome had been sequenced, assembled and was essentially complete — with a few seemingly minor gaps. In reality, the effort to quantify and identify the genetic code […]
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Senators reach tentative deal on $10 billion in additional Covid funding, Romney says
U.S. Senator Mitt Romney (R-UT) walks through the Senate Subway on his way to a security briefing for senators on Russia’s invasion of Ukraine, on Capitol Hill in Washington, March 30, 2022. Elizabeth Frantz | Reuters Senate Republicans and Democrats have reached a tentative deal on $10 billion in additional Covid funding, less than half […]
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Pro-union side leads vote count at Amazon’s Staten Island warehouse, based on early results
Workers stand in line to cast ballots for a union election at Amazon’s JFK8 distribution center, in the Staten Island borough of New York City, U.S. March 25, 2022. Brendan Mcdermid | Reuters Employees at an Amazon warehouse on New York’s Staten Island were leaning towards unionizing as of Thursday afternoon. According to preliminary results […]
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Goldman sees risks rising for a ‘mild’ recession, but not for at least another year
The firm sees “close to no chance” of a recession over the next 12 months, but a 38% probability in the following year. Source
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Buy your ticket now if you’re planning to take a summer trip, says Booking Holdings CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Glenn Fogel, Booking Holdings president and CEO, joins ‘Closing Bell’ to discuss the CDC’s cruise guidance, what other travel restrictions should be lifted and what he’s seen from the war in Ukraine. Source
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