US stocks surge to record high as market rebounds

News Feed - Sat, 01/20/2024 - 05:36
Investors have been cheered by hopes that the US central bank's campaign of raising interest rates is over.

Inside CNN’s Debate Over Airing Trump’s Iowa Caucus Victory Speech

Latest Administration News - Sat, 01/20/2024 - 05:11
Tensions over the network’s airing of 10 minutes of the former president’s speech after he won the Iowa caucuses on Monday burst into the open during an internal call.

Biden to Make EV Charging Tax Credits Available in Much of U.S.

Latest Administration News - Sat, 01/20/2024 - 05:08
Biden administration officials opted to make a broad set of locations eligible for the tax credits, covering much of the country outside of major cities.

Sports Illustrated Thrown Into Chaos With Mass Layoffs

Latest Administration News - Sat, 01/20/2024 - 03:36
The announcement on Friday left in doubt what lies ahead for the venerable publication, with some staff members dismissed immediately and others told they would keep their jobs for at least 90 days.

Stocks Climb to Record, Lifted by Big Tech and Rate Cut Hopes

Latest Administration News - Sat, 01/20/2024 - 03:10
The S&P 500 crossed above its January 2022 peak after weeks of wavering. Investors have been buying stocks after homing in on signals that the Fed’s campaign of raising interest rates is over.

Sports Illustrated in further turmoil after AI scandal

News Feed - Sat, 01/20/2024 - 02:51
The future of the storied sports journalism title is in doubt after its publisher has its licence revoked.

DPD error caused chatbot to swear at customer

Daily Management Thought - Sat, 01/20/2024 - 00:03
The parcel delivery firm says the mistake was a result of a system update, which has been disabled.

Port Talbot: Tata's Steel 2,800 job cuts are 'devastating'

News Feed - Fri, 01/19/2024 - 23:37
A union says plans to replace Port Talbot blast furnaces will devastate local communities.

The Farmers Had What the Billionaires Wanted

Latest Administration News - Fri, 01/19/2024 - 23:32
In Solano County, Calif., a who’s who of tech money is trying to build a city from the ground up. But some of the locals whose families have been there for generations don’t want to sell the land.

Amazon takeover of iRobot to be blocked by EU

Daily Management Thought - Fri, 01/19/2024 - 23:25
The EU's competition watchdog has made a decision on Amazon's bid to purchase iRobot.

Even if They Didn’t Apply, Some Students Get College Admission Offers

Latest Administration News - Fri, 01/19/2024 - 22:59
“Direct admission” is increasingly being offered to high school seniors who meet minimum academic qualifications. The participating schools are eager for more applicants.

US home sales see worst year since 1995

News Feed - Fri, 01/19/2024 - 22:57
The number of homes sold dropped to the lowest in nearly three decades, as prices continued to climb.

Britain’s Largest Steel Mill to Become Greener, at a Cost of Jobs

Latest Administration News - Fri, 01/19/2024 - 21:55
Tata Steel said it would replace blast furnaces with an electric furnace, a move that will cut emissions but also as many as 2,800 jobs.

Bitcoin Funds Are Here. But You Probably Don’t Need Them.

Latest Administration News - Fri, 01/19/2024 - 21:40
Fear of missing out isn’t a great reason for investing in the new Bitcoin funds, our columnist says. Plus, Bitcoin may already be hidden in your portfolio.

Boeing Cargo Plane Makes Emergency Landing in Miami After ‘Engine Malfunction’

Latest Administration News - Fri, 01/19/2024 - 21:30
The plane, a 747 operated by Atlas Air, was forced to return to Miami International Airport shortly after takeoff on Thursday night.

Fujitsu boss: We let society down over Post Office role

News Feed - Fri, 01/19/2024 - 21:29
Paul Patterson told the Post Office inquiry Fujitsu wants to "get to the truth wherever it lays".

Biden Cancels Another $5 Billion in Student Loan Debt

Latest Administration News - Fri, 01/19/2024 - 20:58
Most of the borrowers who will benefit from the latest wave of relief are teachers, nurses, firefighters and others in public service.

Investors Pull Billions From Sustainable Funds Amid Political Heat

Latest Administration News - Fri, 01/19/2024 - 19:52
A new report showed that $13 billion was withdrawn last year from funds that invest in companies with environmental, social and governance principles.

What’s in the New Tax Deal?

Latest Administration News - Fri, 01/19/2024 - 19:45
Budget watchdogs warn that temporary changes to the tax code that are being debated on Capitol Hill will lead to more deficits in the long run.

Bitcoin E.T.F.s Come With Risks. Here’s What You Should Know.

Latest Administration News - Fri, 01/19/2024 - 19:30
Federal regulators have made it easier for everyday investors to buy funds that track the price of Bitcoin, using traditional brokerage accounts. Most financial advisers remain skeptical.

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