Not even a Hallmark movie could get you home now. Airlines canceled more than ...
Not even a Hallmark movie could get you home now. Airlines canceled more than 5,000 flights Wednesday–Friday due to the massive winter storm barreling through the US during what’s (normally) the busiest travel time of the year, according to FlightAware. The storm, which has already sent temps below 0 degrees Fahrenheit in 18 states, is causing dramatic drops in temperature across the country: Montana hit –50 degrees yesterday and New York City is expected to go from 53 degrees to just 14 in a few hours this afternoon.
Markets: Time to bring out the Mercy Rule for the stock market. Yesterday, stocks resumed...
Markets: Time to bring out the Mercy Rule for the stock market. Yesterday, stocks resumed their sell-off and the tech sector in particular took a big blow as investors geared up for more Fed rate hikes in 2023. Tech stocks are now on pace for their worst December since the dot-com bust in 2002, in case you wanted some historical context for how poorly things are going. This Friday morning, currently stock futures are slightly positive, as of 7:40 AM ET.
Earnings on deck: Nitori Holdings, Galileo Resources PLC, and more, all reporting.
Dow ends down roughly 350 points as stocks resume selloff
Stocks fell sharply Thursday, but ended well off session lows,...
Stocks fell sharply Thursday, but ended well off session lows, as resilient economic data reinforced expectations for the Federal Reserve to continue tightening monetary policy aggressively into 2023. The Dow Jones Industrial Average DJIA finished with a loss of nearly 350 points, or 1%, after dropping more than 800 points at its session low. The S&P 500 SPX ended 1.4% lower, while the Nasdaq Composite COMP shed 2.2%.
Proposed amendment would declare Oklahoma as sovereign state, voters would decide
State Senator Nathan Dahm (R-Broken Arrow) has filed an amendment...
State Senator Nathan Dahm (R-Broken Arrow) has filed an amendment that would declare Oklahoma as a sovereign state.
If the amendment is passed by the legislature, Oklahomans would vote on the measure during the next election.
“For far too long, the federal government has trampled on state sovereignty,” Dahm said. “This proposal is an attempt to restore balance between the state and the feds.”
In theory, a sovereign state is represented by a singular government. The amendment states that “The State of Oklahoma is an inseparable sovereign state, a part of the Federal Union known as the United States of America, and the Constitution of the United States is the supreme law of the land and any laws to the contrary are null, void, and of no effect in this state.”