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Morgan Stanley employees will need to be fully vaccinated against COVID-19 before they can return to their offices in New York City, according to reports Tuesday.
The U.S. Food and Drug Administration approved the first new Alzheimer’s drug in decades over the objection of agency statisticians who said there was insufficient evidence to support approval,...
Massachusetts coalition launches to fight Uber, Lyft and avoid California gig-work outcome
Today 17:33 EDT
Trying to avoid a repeat of gig companies' victory in California in November, Massachusetts workers, community organizers, labor and civil-rights groups on Tuesday launched an effort to fight an...
Why this Tesla taxi fleet won’t be allowed to operate in NYC
Today 17:22 EDT
New York’s taxi regulator voted Tuesday to stop issuing new for-hire licenses for electric vehicles, snubbing a ride-share company that wanted to launch an all-Tesla ride-sharing rival to Uber and...
Splunk stock rockets with Silver Lake investment, buyback program seen as ‘ballast’ for beaten-down shares
Today 15:53 EDT
Splunk shares are rallying more than 10% in Tuesday trading after the company notched a $1 billion investment from Silver Lake that one analyst said was "a nice validation point" of the company's...
Climate change’s impact on jobs and inflation is already a factor in Fed policy, says Daly
Today 15:19 EDT
San Francisco Federal Reserve President Mary Daly said climate change is affecting both employment and prices, which places it under the Fed's policy purview.
'Corporate America will need to step up and invest in their talent by offering skills training and enhancing on-the-job learning opportunities.'
Fed’s Powell stays the course
Today 15:16 EDT
Fed Chairman Jerome Powell on Tuesday again signaled the central bank would stay be patient despite calls it pulls back its easy monetary policy stance.
How stocks and other financial assets fare when inflation climbs
Today 14:49 EDT
Oil prices lately are topping $70 a barrel, up about 50% on the year, which isn't a huge surprise given the past gains for commodities, stocks and other financial assets when the cost of living...
Biden ‘encouraged’ by ongoing talks on bipartisan infrastructure plan, White House says
Today 14:07 EDT
President Joe Biden's administration on Tuesday continues to sound somewhat upbeat on achieving a bipartisan deal on infrastructure spending, as some of its top officials meet with lawmakers on Capitol...
The wrath of Khan? New FTC chair is Big Tech’s biggest nightmare
Today 13:59 EDT
The newly appointed chair of the powerful Federal Trade Commission, an agency with broad authority to police America’s biggest corporations including its tech giants, has been one of Silicon Valley’s...
What’s the goal: Democracy or efficiency? How to understand the impassioned debate over Big Tech and antitrust
Today 13:57 EDT
Two strains in antitrust thought clash over what to do about the political and economic dominance of large companies and their owners.
NFL player Carl Nassib has been teaching his teammates about compound interest, index funds — and managing your own money
Today 13:46 EDT
Too many investors are focused on the Fed’s ‘willingness to drive up asset prices’ instead of ‘valuation criteria’ in the stock market, warns Citigroup
Today 13:43 EDT
Investors seem to be getting a little too used to an accommodative Federal Reserve, according to Citigroup research.
NFL player Carl Nassib donated $100K to The Trevor Project — 5 other LGBTQ groups to support during Pride Month
Today 13:36 EDT
Nassib, who has a three-year $25.25 million contract with the Las Vegas Raiders, said he’s doing his part to ‘cultivate a culture that’s accepting.’
The MGM deal, which would greatly expand content on the Amazon Prime Video streaming platform with the James Bond franchise and TV fare like "The Handmaid's Tale," will fall under the purview of the...
Some 48 million Americans will travel on July 4 — but they’ll pay through the nose for rental cars and gas
Today 13:20 EDT
Fed’s Mester says taper decision should wait until fall
Today 12:53 EDT
Cleveland Fed President Loretta Mester said she didn't want to make any adjustments of the central bank's easy monetary policy stance until she had a better understanding of how the labor market...
This hedge fund invested in GameStop — it’s now closing after suffering losses: reports
Today 12:42 EDT
White Square Capital is thought to be one of the first hedge funds to close following sharp meme-stock price movements.
As crypto crash wipes out $1.3 trillion, here’s what some pros advise about buying bitcoin, dogecoin, other assets
Today 12:20 EDT
Social media action is now actionable investment data, but meme stock insiders say that some bad actors are using this new metric to push new, unworthy stocks into the meme scene.
Key Fed strategist dodges questions on possible timing of taper
Today 10:38 EDT
New York Fed President John Williams on Tuesday dodged several questions about the possible timing of a slow down of its asset purchase program, saying it depended on the data
WHO warns poorer countries are not getting fair share of COVID vaccine supply, and Colombia passes 100,000 deaths
Today 10:14 EDT
The global tally of confirmed cases of COVID-19 was headed toward 179 million on Tuesday, a day after the World Health Organization issued its latest warning that lower-income countries are not getting...
Ford’s Lightning pickup could make electric vehicles popular with all consumers, not just the green ones
Today 10:03 EDT
Bitcoin just broke below $30,000 for first time since January and ‘it is likely we may see more panic in the market’
Today 9:08 EDT
Bitcoin on Tuesday extends a persistent price drop that has pushed the world's No. 1 crypto to the lowest level since January, wiping out more than $1.3 trillion in market value for the broader crypto...
Confluent Inc. is set to be the largest tech initial public offering this week, with plans to start trading on Thursday, as it sets its sights on a $50 billion data-management market that surpasses...
Gold slips, on pace for third decline in four sessions
Today 8:13 EDT
Gold futures slip slightly Tuesday, with commodity investors keeping an eye on congressional testimony by Federal Reserve Chairman Jerome Powell scheduled for later in the session.