The third quarter is a officially a wrap, and the stock market saw the Dow (^DJI) post its worst September performance in two decades — down nearly 2800 points, or 8.9% for the month — while the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are now in the red three straight quarters for the first time since the Global Financial Crisis. And as investors prepare for the historically volatile (and crash-prone) month of October, some on Wall Street are coalescing around the idea that equities… Source link
Read More »Maximizing infrastructure ‘impact’ means ‘routing new dollars through old plumbing’: Transportation Secretary
Secretary of Transportation Pete Buttigieg oversees a giant chunk of the new $1 trillion infrastructure bill: Roads, bridges, ports, airports, railways, and more fall under his purview. It’s around half of the $550 billion in new spending, including $110 billion toward surface transportation, another $105 billion for rail, and $42 billion for seaports and airports. During a conversation with Yahoo Finance Live on Monday, Buttigieg laid out next steps once the “ink is dry” on the bill to get… Source link
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