US stocks closed higher Friday, with all three major indexes notching their best weekly performance since November 2020, as investors took the Federal Reserve’s interest rate hike and uncertainty over the Russia-Ukraine war in stride. Volatility in markets has become the norm this month as investors struggle to forecast economic growth and corporate profitability amid […]
Amazon has ended plans for a distribution warehouse in Churchill. Hillwood Development wanted to create a $300 million Amazon warehouse at the former Westinghouse site.The project brought strong opposition from residents of Churchill and surrounding communities because of environmental and quality of life concerns. “We weigh a variety of factors when deciding where to develop […]
Venture capital firm Andreessen Horowitz is among the investors that received a windfall this week when billions of dollars worth of tokens were issued to the creators, backers and owners of the Bored Ape Yacht Club digital collectibles. Crypto traders rushed to get a slice of the action on Thursday when a consortium, in which […]
It appears that Tesla China’s efforts to keep Gigafactory Shanghai operational have paid off, with the electric vehicle production facility resuming its operations on Friday. Giga Shanghai took a brief two-day pause in its operations amidst China’s tightening restrictions due to the recent surge of Covid cases in the country. Tesla’s Shanghai-based electric car factory […]
The biggest credit-reporting firms will strip tens of billions of dollars in medical debt from consumers’ credit reports, erasing a black mark that makes it harder for millions of Americans to borrow. Equifax Inc., EFX 0.71% Experian EXPGY 1.72% PLC and TransUnion TRU -0.99% are making broad changes to how they report medical debt beginning […]
Amazon has ended plans for a distribution warehouse in Churchill. Hillwood Development wanted to create a $300 million Amazon warehouse at the former Westinghouse site.The project brought strong opposition from residents of Churchill and surrounding communities because of environmental and quality of life concerns. “We weigh a variety of factors when deciding where to develop […]
And telecom stocks are paying for it. Even as Americans pay more for just about everything else, the average price of mobile plans continues to drop. That’s in large part because of the intense competition between Verizon (VZ)CNN parent company AT&T (T) and T Mobile (TMUS). Price wars are as prevalent as ever, even after […]
A top Federal Reserve official has called for the US central bank to raise its benchmark interest rate above 3 per cent this year, arguing that policymakers need to move quickly to combat inflation and avoid “losing credibility”. James Bullard, president of the St Louis branch was the lone dissenter at the Fed’s meeting this […]
WASHINGTON (March 18, 2022) – Existing-home sales dipped in February, continuing a seeingsawing pattern of gains and declines over the last few months, according to the National Association of Realtors®. Each of the four major US regions saw sales fall on a month-over-month basis in February. Sales activity year-over-year was also down overall, though the […]
(Bloomberg) — Wall Street traders are enduring fresh equity-market fireworks Friday after another week of global turbulence. Most Read from Bloomberg Stock transactions spiked at the open as the expiry of stock and index options collided with that of index futures in a quarterly event known as triple witching. In the first 15 minutes of […]
0