Politics
Watch live: Biden speaks on the economy and job growth ahead of major Fed rate decision
[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden is set to deliver remarks on the economy, job growth and deficit-reduction efforts Wednesday morning, shortly before the Federal Reserve is expected to raise interest rates as […]
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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. Wall Street set to rise ahead of Fed decision, after weaker ADP data Traders on the floor of the NYSE, May 3, 2022. Source: NYSE U.S. stock futures pointed to a higher open Wednesday ahead of the […]
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Elon Musk invited to discuss $44 billion Twitter deal in UK Parliament
Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Tesla CEO Elon Musk has been invited to testify in the U.K. Parliament about his deal to buy Twitter for $44 billion. Julian Knight, who chairs the parliamentary committee on digital, culture, media and sport, sent Musk a letter requesting […]
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Moderna blows out first-quarter earnings expectations, triples Covid vaccine sales
The Moderna Covid-19 vaccine awaits administration at a vaccination clinic in Los Angeles, California on December 15, 2021. Frederic J. Brown | AFP | Getty Images Moderna sold $5.9 billion of its Covid vaccine in the first quarter, blowing out revenue and profit expectations. The biotech company’s shares soared by more than 8% in premarket […]
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Buy now, pay later will soon affect your credit score in the UK
Buy now, pay later giant Klarna says it will start reporting data on customers’ usage of its products to credit bureaus in the U.K., gearing up for incoming regulations aimed at reining in the sector over fears it is putting young people into debt. Starting June 1, the Swedish fintech firm will share information on […]
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North Korea fired ballistic missile, South Korean and Japanese officials say
A woman walks past a television screen showing a news broadcast with file footage of North Korean leader Kim Jong Un, at a railway station in Seoul on May 4, 2022. North Korea has launched a ballistic missile toward its eastern waters on Wednesday, South Korean and Japanese officials said. Jung Yeon-je | Afp | […]
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EU proposes gradual ban on Russian oil in sixth round of sanctions against Moscow
European Commission President Ursula von der Leyen speaks during a news conference with High Representative of the European Union for Foreign Affairs and Security Policy Josep Borrell, after Russia launched a massive military operation against Ukraine, in Brussels, Belgium, February 27, 2022. Stephanie Lecocq | Reuters The European Commission, the executive arm of the EU, […]
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EU expected to announce sanctions on Russian oil; Mariupol steel plant evacuees reach safety
EU expected to announce sanctions on Russian oil The EU is expected to announce further sanctions on Russia on Wednesday, this time targeting Russian oil imports. The move is difficult for the bloc as some member states, particularly Hungary and Slovakia, are heavily reliant on oil imports from Russia, prompting expectations that these countries could […]
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How Ireland lost its chance to become Big Tech’s ‘super regulator’
Many of the largest U.S. tech firms hold their European headquarters in Dublin. Artur Widak | Nurphoto | Getty Images Incoming EU rules forcing Big Tech to police content on the internet more aggressively will be enforced directly by the European Commission, a move experts say will diminish the role Ireland has played so far […]
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White House to host union organizers representing Amazon, Starbucks workers
U.S. Vice President Kamala Harris will host a White House meeting with organizers from unions seeking to represent workers at Amazon.com, Starbucks and other employers. Kent Nishimura | Los Angeles Times | Getty Images U.S. Vice President Kamala Harris will host a White House meeting on Thursday with organizers from unions seeking to represent workers […]
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