Passengers queue to get on a bus in the capital Addis Ababa, Ethiopia Friday. Ethiopia’s prime minister says airstrikes have been carried out against the forces of the country’s Tigray region, asserting that the strikes in multiple locations “completely destroyed rockets and other heavy weapons.” AP Ethiopia moved Saturday to …
Read More »Futures Movers: Oil aims to close out a strong August with gains after upbeat China data
Oil futures rose Monday, on track to end August on an upbeat note after data showed a stronger-than-expected pickup in China’s service sector. “The move follows moderate week-on-week gains during last week’s trading, with continued improvement to global demand levels combining with a weaker dollar and ongoing supply cuts to …
Read More »A new investing strategy aims to influence racial justice, from the ground up
For far too long, there haven’t been many good options for Americans who want to do well by doing good with their investment dollars. An entire industry has emerged to counsel investors on stocks to avoid, based on certain criteria: companies that don’t have diverse workforces, or those with objectionable …
Read More »Market Snapshot: Dow futures rise as stock market aims to add to rally headed into Fed week
U.S. stock-market futures edged higher Sunday evening in thin trading, as Wall Street equities looked to add to a rally toward records for the Nasdaq Composite that concluded trade last week on the back of improving economic data in the face of a viral outbreak. How are benchmarks faring? Futures …
Read More »CityWatch: New York City aims to conduct 20,000 COVID-19 tests a day
New York City is making coronavirus testing available to increasing numbers of its 8.4 million residents, as it aims to conduct 20,000 tests a day by the end of the month, Mayor Bill de Blasio announced Thursday. Now that the city has more capacity — with tens of thousands of …
Read More »Market Extra: How the Fed’s latest crisis-era credit facility aims to finally calm rattled markets
Only hours after deploying one crisis-era funding facility, the Federal Reserve on Tuesday unleashed another, potentially more powerful weapon that gives primary dealers on Wall Street cheap loans to snap up a broad array of bonds and stocks. It has an aim of freeing up space on dealer’s balance sheets …
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