business news
Dow jumps 500 points in relief rally after Fed announces first rate hike since 2018
Stocks rallied in a wild session after the Federal Reserve raised rates and said it would hike another six times this year. The Dow Jones Industrial Average rose 518.76 points, or 1.5%, to 34,063.10 after turning red initially following the release of the Fed’s statement. It swung within a 576-point range on the session. The […]
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Chinese stocks trading in the U.S. rocket higher after China signals support for the shares
Shares of Chinese companies listed publicly in the U.S. surged Wednesday as China signaled support for the stocks. Regulators from both countries are progressing toward a cooperation plan on U.S.-listed Chinese stocks, according to Chinese state media. The report cited a meeting Wednesday chaired by Vice Premier Liu He, who heads China’s finance committee. The […]
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on Jan. 26. Text removed from the January statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both […]
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Ex-New York Gov. Andrew Cuomo considers running against Kathy Hochul despite opposition from his own party
New York Governor Andrew Cuomo and former congresswoman Kathy Hochul, campaign together at the Hotel Trade Council during a reelection campaign event on September 8, 2014 in New York City. Andrew Burton | Getty Images Former New York Gov. Andrew Cuomo is considering a run against his replacement and fellow Democrat, Gov. Kathy Hochul, as […]
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Jeffrey Gundlach says he would buy bitcoin over gold in the short term
DoubleLine Capital CEO Jeffrey Gundlach said he would prefer bitcoin to gold in the near term as the cryptocurrency trades near the low end of its range. Source
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Biden details new aid to Ukraine, promises “more in the days and weeks ahead” to help combat Russia invasion
President Joe Biden on Wednesday detailed how the United States will spend $800 million in military and humanitarian aid for Ukraine approved this week, and promised to “do more in the days and weeks ahead” to help the war-torn nation. The funds will go toward drones, 800 antiaircraft systems, 9,000 antiarmor systems, 7,000 small-arm machine […]
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Stocks making the biggest moves midday: Alibaba, AeroVironment, Boeing and more
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Alibaba, JD.com, Pinduoduo — Shares of Chinese companies listed publicly in the U.S. surged as Beijing signaled support for the stocks. The Chinese government said it supports the listing […]
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96% of travelers want their vacation dollars to positively impact the place they visit, survey finds
Forty-eight percent of respondents told Kind Traveler their greatest challenge in traveling sustainably is finding accommodations that are both “sustainable and socially conscious.” Klaus Vedfelt | Digitalvision | Getty Images Everyone likes a bargain when it comes to booking travel, but many also want the money they spend to do some good where they’re headed, […]
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Lyft will add 55-cent surcharge to each ride to help drivers with higher gas prices
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Lyft said Wednesday it will add a 55-cent […]
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German start-up aims to generate unlimited clean fusion energy with lasers
Here is an artists’ rendering of a Marvel Fusion power plant and facility. Marvel Fusion Nuclear fusion is the energy that powers stars. If it can be recreated on Earth, it has the potential to provide nearly limitless energy with zero carbon emissions — and unlike nuclear fission, which powers nuclear plants today, fusion does […]
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