U.S. stocks finish lower, extending last week's losses
U.S. stocks ended down Monday, with the technology-heavy Nasdaq...
U.S. stocks ended down Monday, with the technology-heavy Nasdaq Composite falling sharply, deepening last week's losses as concerns over an economic slowdown persisted. The Dow Jones Industrial Average DJIA closed 0.5% lower, while the S&P 500 SPX dropped 0.9% and the Nasdaq Composite COMP sank 1.5%, according to preliminary data from FactSet. All three major benchmarks fell last week amid recession fears, booking back-to-back weekly declines for the first time since September. On Monday, the National Association of Home Builders said its monthly confidence index fell in December for a 12th straight month, dragged down by high mortgage rates and inflation.
Latest quake spells more trouble for W. Texas producers
West Texas was struck by a 5.4 magnitude earthquake on Friday, the region's second earthquake of this...
West Texas was struck by a 5.4 magnitude earthquake on Friday, the region's second earthquake of this magnitude in little more than a month and one of the largest in the state's history. Regulators warned wastewater injections into deep wastewater disposal wells in the Northern Culberson-Reeves Seismic Response Area would be halted for 24 months if another quake of at least 4.5 magnitude hits the area, a move that could cause serious logistics issues and raise oil production costs for drillers in the region.
Big picture: Border cities are bracing for an influx of migrants once Title 42 ends...
Big picture: Border cities are bracing for an influx of migrants once Title 42 ends this week. El Paso, whose migrant support system has already been under intense strain in the past week, declared a state of emergency on Saturday so that people waiting outside in near-freezing temperatures can get additional resources.
🥶Arctic Blast Forecasted in Lower 48 for Holiday Travel
Bundle up—it’s going to get cold. An arctic blast in the week leading...
Bundle up—it’s going to get cold. An arctic blast in the week leading up to Christmas will bring potentially the coldest weather of the season across a wide swath of the US. About 270 million people in the lower 48 states will experience temperatures of 32 degrees Fahrenheit or below, and about 55 million will see the thermometer dip to 0 degrees or below. These frigid temps could disrupt holiday travel, forecasters warn.
Chinese people staying home, but not because of lockdowns
In China’s cities, streets are quiet. But, unlike during the past three years, it...
In China’s cities, streets are quiet. But, unlike during the past three years, it isn’t because of lockdowns—it’s because Covid is surging after authorities ended strict restrictions, and people are staying home. There is little reliable data on the size of the outbreak but signs point to a severe wave: Shanghai and other cities moved classes online starting today, long lines have formed outside Covid clinics, and Beijing funeral homes can’t keep up with demand.
