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Dow tumbles 700 points for its worst drop since October as investors fear a Covid resurgence

July 19, 2021 by admin

U.S. stocks fell aggressively Monday on concern a rebound in Covid cases would slow global economic growth. The selling picked up as the session went on, and the Dow Jones …

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OPEC and allies target full end to oil production cuts by September 2022, increase supply limits as prices climb

July 18, 2021 by admin

Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of OPEC and non-OPEC countries, following the outbreak of the coronavirus …

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Photos show disastrous flooding in western Europe

July 17, 2021 by admin

Key Points The World Meteorological Organization said Friday that some parts of western Europe had received up to two months worth of rainfall in just two days. Parts of Switzerland, …

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Dow drops nearly 300 points on Friday, snaps 3-week winning streak

July 16, 2021 by admin

U.S. stocks fell on Friday, pushing the Dow Jones Industrials Average into the red for the week, as inflation fears overshadowed strong retail sales numbers and better-than-expected earnings reports. The …

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Yellen sees ‘several more months of rapid inflation’ before easing, worries about housing impact

July 15, 2021 by admin

VIDEO 1:54 01:54 Treasury Sec. Janet Yellen: We’ll have several more months of rapid inflation Closing Bell Treasury Secretary Janet Yellen cautioned Thursday that prices could continue to rise for …

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S&P 500 ekes out small gain as the Federal Reserve stays the course with easy policy

July 14, 2021 by admin

The S&P 500 closed slightly higher after Federal Reserve Chairman Jerome Powell said the central bank will maintain its easy monetary policies. The broad index added 0.12% to reach 4,374.30 …

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U.S. warns businesses connected to China’s Xinjiang region run ‘high risk’ of violating law

July 13, 2021 by admin

WASHINGTON –The Biden administration on Tuesday warned businesses with supply chain and investment ties to China’s Xinjiang province that they could face legal consequences, citing growing evidence of genocide and …

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Dow jumps 120 points to close just shy of 35,000 on earnings optimism

July 12, 2021 by admin

Investors appeared cautiously optimistic ahead of the start of second-quarter earnings reports. JPMorgan Chase and Goldman Sachs will be among the first big companies to report Tuesday before the bell. …

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Richard Branson reaches space on Virgin Galactic flight

July 11, 2021 by admin

VIDEO 2:12 02:12 Watch Virgin Galactic send founder Richard Branson to edge of space News Videos Sir Richard Branson , after nearly 17 years of development and over a billion …

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G-20 financial leaders agree to move forward on plan for an international tax crackdown

July 10, 2021 by admin

Financial leaders from the Group of 20 large economies said they have come to an agreement on how to move forward on a “more stable and fairer international tax architecture,” …

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