A joint session of Congress remains on recess Wednesday evening after protesters broke into the Capitol building during a joint session meant to officially confirm President-elect Joe Biden’s victory in the November presidential election, though many members say the proceedings will resume some time Wednesday night. The building was first …
Read More »Market Snapshot: Dow rises, but tech stocks slip as ‘reflation trade’ grips Wall Street after Democrats flip Senate seat
U.S. stocks mostly shook off early losses to trade higher Wednesday, though technology sector stocks remained lower, after Democrats scored at least one U.S. Senate seat in run-off elections in Georgia Tuesday, bringing the possibility of regulation and higher corporate taxes. How are stock benchmarks performing? The Dow Jones Industrial …
Read More »The Moneyist: My brother-in-law smokes weed, drinks booze and plays video games. My in-laws pay his mortgage. What happens after they’re gone?
Dear Moneyist, My brother-in-law is just over 40, and he has health issues. He’s also suffering from mental-health issues that have mostly been undiagnosed due to his refusal to see anyone, and essentially he does nothing but smoke weed, drink booze, and play video games. Right now his parents pay …
Read More »: Apple TV+ killed a show about Gawker after Tim Cook disapproved: report
A TV series about the defunct news/gossip blog Gawker was killed by Apple TV+ after Apple Inc. Chief Executive Tim Cook found out it was being developed, the New York Times reported Sunday. The series, called “Scraper,” was sold to Apple AAPL, -0.67% by two Gawker veterans, and two additional …
Read More »: Economic forecasts haven’t accelerated after good vaccine news. That’s puzzling, experts say
Stock markets certainly have reacted to the good news on the rollout of a COVID-19 vaccine. The S&P 500 SPX, -0.79% has gained about 6% since Pfizer PFE, -1.67% first announced its vaccine was more than 90% successful in treating COVID-19, as has the MSCI World 892400, -0.46%. But that’s …
Read More »: Tesla stock falls after $5 billion stock offering plan
Shares of Tesla Inc. dropped Tuesday after the electric vehicle market leader filed for the sale of up to $ 5 billion worth of stock. The share sale plan comes after the stock shot up 12.8% over the past three days to Monday’s record close of $ 641.76. That rally …
Read More »: XPeng stock drops to extend selloff after public share offering
XPeng Inc. Shares of XPeng Inc. dropped Monday, to extend last week’s selloff, after the China-based electric vehicle maker disclosed a public offering of 40 million shares. The stock XPEV slumped 4.4% in morning trading, and has dropped 15,7% amid a three-day losing streak. The stock had tumbled 23.2% last …
Read More »Key Words: Dr. Fauci on Cuomo’s decision to review vaccines for New Yorkers after FDA approval: ‘Trust the process’
Dr. Anthony Fauci has some advice for New York Gov. Andrew Cuomo, and the four other states that have vowed to independently review the efficacy and safety of a vaccine before making it available to their residents. “Trust the process because it is a sound process,” he said. Fauci, the …
Read More »Economic Report: Consumer confidence deflates in November after record coronavirus surge
The election of Joe Biden as president has increased confidence among Democrats, but not enough to counter growing worries about the record spike in coronavirus cases. alex edelman/Agence France-Presse/Getty Images The numbers: Consumer confidence fell in November to a three-month low after a record wave of coronavirus cases spurred some …
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