Tag Archives: point

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, October 8, 2021 Keep it or scrap it, Washington should stop playing chicken with the markets “…Goodness knows what the end will be; Oh, I don’t know where I’m at; It looks as if we two will never be one; Something must be done… Let’s call the whole thing off!” That old classic song, sung alternately by Fred Astaire, Billie Holiday, Ella… Source link

Supply chain tightness is causing heightened concern over the growth of the U.S. economy while companies mired in trucking and shipping delays scramble to find alternative routes. “The supply chains are everything at this point,” Frances Donald, global chief economist and global head of macroeconomic strategy at Manulife Investment Management, told Yahoo Finance Live (video above). “It’s never been harder to create an outlook for the fourth quarter in large part because we have absolutely no… Source link

U.S. Energy Secretary Jennifer Granholm said Monday, extreme weather events this summer have elevated the urgency with which the Biden administration tackles the climate crisis. But, with less than two months to go until the UN Climate Change Conference (COP 26), she said the administration has no plans to boost its ambitions to slash greenhouse gas emissions in half from 2005 levels, by the end of this decade. “The fact that one-third of the country has experienced an extreme climate… Source link

AKRON, Ohio — The piece of metal that struck a Cedar Point amusement park guest waiting in line for the Top Thrill Dragster roller coaster was about the size of “a man’s hand,” according to state investigations. The accident has left 44-year-old Rachel Hawes of Michigan in intensive care with a brain injury, according to a family statement released to a Cleveland TV station. “We are devastated by last weekend’s accident at Cedar Point,” the statement said. “We want to thank everyone for… Source link

Stock futures opened slightly lower Wednesday evening after a selloff during the regular trading day, driven by jitters over a potential shift in monetary policy that might remove some of the stimulus underpinning equity markets.  Contracts on the S&P 500 ticked lower. Earlier, both the S&P 500 and Dow dropped more than 1% to post a back-to-back session of gains.  Shares of Robinhood (HOOD) dropped more than 8% after the trading platform delivered its first earnings report since going… Source link

After the July jobs report showed the biggest employment increase in almost a year, the Biden administration is urging Americans to get vaccinated to stave off health and economic threats posed by the Delta variant.  “[We] can’t let this get out of control,” U.S. Labor Secretary Marty Walsh said in an interview with Yahoo Finance Live. “We’re at a certain fragile point in our economy right now. Things are moving in the right direction. People are traveling. Tourism is picking up…. Source link

Bitcoin’s (BTC-USD) price continued its free fall on Wednesday morning, down 15% to about $37,000 per coin by noon EDT. The cryptocurrency has dropped nearly 40% since Tesla (TSLA) CEO Elon Musk first bashed the fossil fuel emissions from bitcoin’s mining process a week ago. “I believe what he said will be a changing point for the way bitcoin is perceived. He is casting a spotlight on energy use for … bitcoin, which is relevant. And it is making companies such as ourselves more… Source link

Bitcoin is at the “tipping point of its existence” thanks to large institutional investment and growing regulatory groundwork, according to a new report by Citi obtained by CoinDesk. While the perception of the cryptocurrency varies greatly, it is undoubtedly the inspiration for a blockchain-based economy and has created a new decentralized cryptocurrency market, according to the paper by Citi Global Perspectives and Solutions (GPS), the bank’s “thought leadership” arm. Citi… Source link

TipRanks JP Morgan Says These 3 Gold Stocks Could Surge 40% (Or More) Let’s talk about gold. The precious metal is the traditional safe haven investment, backed by its use – starting 5,000 years ago – as a reliable store of value. Investors looking to protect their portfolio and secure their wealth traditionally bought heavily into gold, and the price of gold has sometimes been used as a proxy (albeit an inverse one) for general economic health. In a recent report, investment firm JP… Source link

Patrick Mahomes remains in concussion protocol. But the Kansas City Chiefs are preparing for Sunday’s AFC championship this week seemingly confident that he’ll play against the Buffalo Bills. Mahomes suffered a serious enough injury that he couldn’t finish last week’s playoff win over the Cleveland Browns. He was visibly shaken after a third-quarter hit and had trouble finding his footing before leaving the field and being ruled out. All eyes are on Patrick Mahomes ahead of the AFC… Source link