business news
Yellen warns that war in Ukraine will have ‘enormous’ global economic impact
U.S. Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on “the State of the International Financial System,” on Capitol Hill in Washington, U.S., April 6, 2022. Tom Brenner | Reuters Treasury Secretary Janet Yellen cautioned Wednesday that Russia’s attack on Ukraine could cause a major hit to the global economy. “Russia’s […]
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U.S. sanctions Putin’s adult children, bans all new investment in Russia
Russian President Vladimir Putin chairs a meeting on agriculture via a video link at the Novo-Ogaryovo state residence outside Moscow on April 5, 2022. Mikhail Klimentyev | AFP | Getty Images WASHINGTON — The United States on Wednesday announced it would impose a new slate of sanctions on Russia that includes first-time sanctions on the […]
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Porsche ups its investment in ‘e-fuels’ for the EV transition with a stake in a manufacturer in Chile
A Porsche 911 Carrera 4S stands in the evening light in a drive-in cinema on the circuit of the Leipzig Porsche factory. Jan Woitas | picture alliance via Getty Images DETROIT — Porsche is upping its investment in the development of climate-neutral “e-fuels” made to replace gasoline in traditional combustion engines. The German automaker, owned […]
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Commerce Secretary Gina Raimondo tests positive for Covid after attending politician-packed D.C. Gridiron dinner
Commerce Secretary Gina Raimondo testifies before a Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on Capitol Hill in Washington, D.C., U.S., February 1, 2022. Andrew Harnik | Reuters Commerce Secretary Gina Raimondo tested positive for Covid on Wednesday, making her the latest official to catch the virus after attending a swanky […]
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Watch Treasury Secretary Janet Yellen speak live on the global financial system
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Treasury Secretary Janet Yellen testifies Wednesday before the House Financial Services Committee on the state of international finance. In remarks prepared for the hearing, Yellen in particular noted the impact […]
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We’re trimming tech stocks and an automaker because it never pays to fight the Fed
We’re making several more trims, targeting tech and an economically sensitive automaker due to our concerns about an aggressively hawkish Fed. Source
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Aurora and Werner Enterprises are testing self-driving tractor-trailers on a lonely Texas highway
06 January 2022, US, Las Vegas: Robotic truck company Aurora shows off a self-driving semi-truck at the CES tech show in Las Vegas. In the Corona pandemic, interest in autonomous freight transport increased. Andrej Sokolow | Picture Alliance | Getty Images Self-driving startup Aurora Innovation has gone trucking in Texas. Aurora announced Wednesday that it […]
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JetBlue is willing to shell out $3.6 billion for discount airline Spirit because it wants to take on bigger carriers
View of JetBlue planes at Terminal 5 of John F. Kennedy International Airport on May 12, 2020 in New York, NY. Pablo Monslave | Getty Images JetBlue on Wednesday said its $3.6 billion all-cash bid for ultra-low cost carrier Spirit Airlines would help it grow across the country and better compete against larger airlines. The […]
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures sink in what would add to Tuesday’s drop on Fed worries Traders on the floor of the NYSE, March 31, 2022. Source: NYSE U.S. stock futures dropped Wednesday as investors await more insight into what […]
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UK has detected a new Covid variant. Here’s what we know so far about omicron XE
According to the Office for National Statistics, 4.9 million people in Britain, or 1 in 13, were infected with Covid-19 as of March 26 — a record high since its survey began in April 2020. Bloomberg | Getty Images LONDON — A new omicron sub-variant has been detected in the U.K. as the country faces […]
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