Today, for the third time in three days, a plunge in price at the open of trading almost immediately triggered the exchange’s daily limit, below which no further trades are allowed. Nickel is a key component in batteries for electric vehicles, and volatile prices could slow the transition away from fossil fuels. The rapid rise […]
Three security guards, dressed in military fatigues, screen customers as they pass through a metal detector. The store, which has the air of a high-end boutique, was robbed again in late November, its shelves cleared and the floor speckled with blood from where the thieves had cut their hands on all the smashed glass. Mr. […]
If you are moved to take action that can make life better for someone in Ukraine — or for a relative or neighbor who has gotten bad news — by all means, do it. Some perceptive readers have noted that I seem to be more worried than usual about the state of the world, and […]
Wanting to invest in himself and be free of bosses, Terrence Gorham started selling customized T-shirts, hoodies and backpacks from a folding table in Washington Square Park a year ago. New York State legalized marijuana last September, and although the law allows for personal possession of up to three ounces of cannabis, regulations for sales […]
Next week, the commission will present a long-awaited proposal on strengthening energy independence, especially from Russia. The commission has been reaching out to several gas producers — including the United States, Qatar, Azerbaijan, Nigeria and Egypt — and to Japan and South Korea, to see whether they could redirect some of their imported supplies to […]
It also comes as the United States has been moving in the opposite direction, with abortion restrictions multiplying across the country, and the U.S. The court’s decision decriminalizes abortions in the first 24 weeks of pregnancy, and means that any woman should be able to seek the procedure from a health professional without fear of […]
Uber’s revenue grew to $5.8 billion, an 83 percent increase from a year earlier, exceeding analyst expectations. Its investments in other ride-hailing companies would probably continue to cause fluctuation in its profits and losses, Uber said in its earnings report. Uber said it was attracting a growing number of users by relying on its food […]
The film production and financing company Village Roadshow filed a lawsuit on Monday against Warner Bros. rushed the release of the movie, instead of letting it debut in 2022, to help boost HBO Max subscriptions, a revenue stream Village Roadshow doesn’t share in. “The Matrix Resurrections” earned only $37 million at the domestic box office, […]
Investing $10 billion in the metaverse is more than five times the amount of money Facebook paid to purchase the Oculus VR business in 2014 and 10 times what it paid to buy Instagram in 2012. The spending dragged down Meta’s quarterly profits, which fell 8 percent, to $10.3 billion, in the three months ending […]
Her break is expected to last until April, although a return date has not been specified, according to two people at the network with knowledge of her plans, requesting anonymity to describe private discussions. Whether Ms. Maddow returns to a full slate of nightly broadcasts, or dials back her schedule to something less grueling, has […]
The S&P 500 rose 2.4 percent, its biggest one-day jump since June 2020, while the technology-heavy Nasdaq composite rose 3.1 percent. Economists are virtually certain that the central bank will start increasing interest rates in March, but the question now is by how much and how often will it do so. The Employment Cost Index, […]
Apple, the world’s most valuable public company, beat Wall Street analysts’ expectations with its record results, easing fears that the tech industry’s long period of fast growth may be coming to an end. Demand for the newest iPhone 13 juiced sales, but the company has been warning for months that computer chip shortages and pandemic-related […]
In light of the remarkable progress we’ve seen in the labor market and inflation that is well above our 2 percent longer-run goal, the economy no longer needs sustained high levels of monetary policy support. Central bankers left rates unchanged at near-zero — where they have been set since March 2020 — but the statement […]
The S&P 500 is on the edge of a correction, a drop of 10 percent from its January high that signifies the markets swiftly changing attitude about the prospects for stocks in the immediate future. Investors are focused on the Fed’s next move, as the central bank rushes to pull back its support for the […]
The S&P 500 fell more than 3.5 percent by midday, headed for its biggest drop since June 2020. Monday’s selling brought with it a new marker of the abrupt shift in investor thinking: The S&P 500 has now dropped more than 10 percent from its Jan. This shift is happening because investors anticipate the Fed […]
After falling for a fourth day in a row on Friday, the stock market suffered its worst week in nearly two years, and so far in January the S&P 500 is off to its worst start since 2016. The bond market is also in disarray, with rates rising sharply and bond prices, which move in […]
The situation had reached a point, the company said, where it could no longer “make a sufficiently positive contribution in the country.” Since the coup, the military regime has waged a brutal crackdown on protests. Chevron and TotalEnergies have in the past argued that their presence was beneficial to the people of Myanmar and that […]
The S&P 500 fell 1.1 percent, after earlier climbing more than 1 percent, while the Nasdaq composite dropped 1.3 percent. The market’s recent slump has come as investors parse signals from the Federal Reserve that interest rate increases are coming in 2022. A closely watched measure of investor expectations, the yield on 10-year Treasury notes, […]
More than 90 percent of Starbucks workers in the United States have disclosed their vaccination status, according to the memo, and “the vast majority” are fully vaccinated. Since the Supreme Court’s decision last Thursday, Starbucks is one of the first major employers to backtrack on its plans to require vaccines. Starbucks’s move to drop its […]
Microsoft is the dominant force in business software, and a giant player in cloud computing. In anticipation of a longer review, Microsoft said it did not expect the Activision deal to close until the next fiscal year, which ends in June 2023. Activision makes major hits like Call of Duty and Candy Crush, and the […]