Yields on US government bonds have surged back to their highest levels since 2019, reflecting investors’ growing bets that Russia’s invasion of Ukraine won’t slow the momentum toward higher interest rates. The yield on the benchmark 10-year US Treasury note settled at 2.139%, up from 2.004% Friday and its highest close since June 2019. Yields, […]
The US economy faces mounting threats from abroad as the war in Ukraine and a COVID-19 surge in China threaten to stoke inflation and slow growth. While most economists say the US is still on track for stellar job gains and sturdy economic growth this year, the risks of a slowdown have spiked over the […]
Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum annual meeting in Davos. Fabrice Coffrini | AFP | Getty Images As Google prepares to bring most employees back to the office, the company is facing a workforce that’s increasingly unhappy when it comes to key issues such as compensation and an […]
Tsingshan Holding Group said large banks agreed to continue discussing a potential settlement with the Chinese metals producer, whose wrong-way bets led to a dayslong suspension of nickel trading on the London Metal Exchange. JPMorgan Chase JPM 0.99% & Co. and other banks are seeking billions of dollars that Tsingshan owes them for trades the […]
Nantucket shops that rely on UPS are bracing for trouble after the shipping company failed to make ferry reservations for its trucks.The company missed the priority window to make reservations for this summer, and by the time it came to light, ferries were close to full capacity for large trucks, the Boston Globe reported.A spokesperson […]
Pfizer’s CEO says the company is submitting data to the Food and Drug Administration on the need for a fourth dose of its COVID-19 vaccinated. While the shot Pfizer is currently producing with BioNTech still protects against severe disease, the drugmaker now believes another booster is needed to ward off infections. “Right now, the way […]
Former Disney chairman and CEO Bob Iger is putting his name and money behind a new company that’s aiming to dominate the future of the internet and the metaverse. On Monday, 3D avatar start-up Genies announced that Iger is joining its board of directors and investing an undisclosed sum in the Los Angeles-based company. Founded […]
Former deputy national security adviser KT McFarland discusses China and Russia’s recent partnership announcement that is potentially one of the greatest ‘threats’ to US in history on ‘Fox Business Tonight.’ A spike in COVID-19 cases has prompted China to lock down two major cities, freezing production across a number of auto manufacturers and electronics factories […]
Dust on solar panels reduces their output significantly, so they need to be kept clean. But what’s the best way to do that? Scientists at the Massachusetts Institute of Technology (MIT) say they have a solution. UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. […]
In a four-story apartment building in Brooklyn, New York, a very small company is implementing a very big idea: Electrify every building in the United States by leasing landlords the necessary equipment to make the transition. BlocPower is a Brooklyn-based start-up that has “greened” more than 1,200 buildings in New York City and has similar […]
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