US stock indexes fell, led by losses in technology shares, as investors shunned both government bonds and equities on worries that further interest-rate increases and China’s Covid-19 policies would weigh on growth. The S&P 500 declined 1.5%, setting major indexes up for another day of losses. The technology-focused Nasdaq Composite Index fell 1.8% while the … Read more
Text size Fidelity’s push into Bitcoin is raising controversy but could be lucrative for the company. Dreamstime.com Fidelity Investments shocked the retirement industry last month with a move to make Bitcoin available in 401(k) plans. Add up the revenue that might bring in, and it starts to be less of a surprise. Fidelity is the … Read more
A new study conducted by researchers at Harvard Medical School among others has found that the omicron variant of the coronavirus that causes COVID-19 is just as severe as earlier variants, and not more transmissible but no less severe, as previously thought. The study was based on the records of 130,000 COVID patients in Massachusetts … Read more
WASHINGTON—Top US regulators proposed overhauling how banks lend hundreds of billions of dollars annually in lower-income communities, after scrapping a Trump-era revamp that had divided regulators and industry officials. The latest proposal to modernize rules for the 1977 Community Reinvestment Act, announced Thursday, aims to ensure lending to lower-income individuals and small businesses is distributed … Read more
Inflation, supply imbalances and strong demand for imported goods widened the US trade deficit to a record in March, with clothing, computers, and vehicles driving the surge. The trade gap in goods and services widened by 22.3% in March from the prior month to a seasonally adjusted $109.8 billion, the Commerce Department said Wednesday. Before … Read more
Heading into the Federal Open Market Committee’s policy meeting, analysts at Jefferies on May 3 advised investors to avoid the popular FAANG + Microsoft group of stocks. They pointed instead to a group they named MANG. We’ll compare the two groups below. The FAANG group — Facebook holding company Meta Platforms Inc. FB, Apple Inc. … Read more
The omicron variant of the coronavirus that causes COVID-19 that has swept across the US since late last year has taken a grimmer toll than earlier variants, including in people who were vaccinated and even had booster shots. That’s according to a Washington Post analysis of data from the Centers for Disease Control and Prevention, … Read more
Job openings and the number of times workers quit reached the highest levels on record in March, as a shortage of available workers continued to pressure the US labor market. The Labor Department on Tuesday reported a seasonally adjusted 11.5 million job openings in March, an increase from 11.3 million the prior month. The number … Read more
The omicron variant of the coronavirus that causes COVID-19 that has swept across the US since late last year has taken a grimmer toll than earlier variants, including in people who were vaccinated and even had booster shots. That’s according to a Washington Post analysis of data from the Centers for Disease Control and Prevention, … Read more
The stock market bounced back a little bit Monday, as investors look ahead to Wednesday’s FOMC meeting. Buyers stepped in after a steep selloff on Friday, which saw the Dow fall almost 3%, the S&P 500 shed more than 3%, and the Nasdaq tumble more than 4%. The general concerns that still linger: the Federal … Read more
