Dow Jones ends down over 400 points while Nasdaq suffers worst day in 3 weeks
U.S. stocks tumbled for a second day on Tuesday as technology shares...
U.S. stocks tumbled for a second day on Tuesday as technology shares came under pressure, dragged down by Apple’s continued slump, while investors remained cautious ahead of closely watched remarks by Federal Reserve Chair Jerome Powell and labor-market data, both of which should offer more clues on the central bank’s interest-rate path and the health of the economy.
The Dow Jones Industrial AverageDJIA fell 1%, to finish around 38,585.
The Nasdaq CompositeCOMP tumbled 1.7%, ending near 15,939.
The three major indexes also booked back-to-back losses after the S&P 500 and Nasdaq pulled back Monday from record finishes scored at the end of last week.
ExxonMobil's Woods: World "waited too long" on climate
The world "waited too long" to invest in climate solutions and the...
The world "waited too long" to invest in climate solutions and the public only has itself to blame for falling short on related goals, according to ExxonMobil CEO Darren Woods. Meanwhile, Woods says activists have worked to keep the fossil fuel industry out of the mix even though it has some of the best potential to achieve meaningful progress.
Freeport LNG shutdown affects US LNG exports in Feb.
US liquefied natural gas exports decreased by 7% month over month to...
US liquefied natural gas exports decreased by 7% month over month to 8.52 million short tons per year in February, a decline attributed to a shutdown at the Freeport LNG plant in Texas and a shorter month, according to preliminary LSEG data. Europe remained the top destination for US LNG, accounting for 60.5% of the volumes, followed by Asia and Latin America.
JetBlue and Spirit Airlines announced they are ...
JetBlue and Spirit Airlines announced they are terminating their $3.8B merger, citing the unlikelihood of meeting legal and regulatory approvals by the agreement's July deadline. The news follows a federal judge's block in January ruling the merger would have driven up fares for price-conscious travelers and hurt competition. The airlines appealed the decision, and a hearing had been set for June. JetBlue will pay Spirit a $69M termination fee (see 101).
SCOTUS rules states can’t kick Trump off primary ballots. The...
SCOTUS rules states can’t kick Trump off primary ballots. The US Supreme Court overturned a Colorado court’s decision that former President Donald Trump was ineligible for the state’s presidential primary, ruling that individual states don’t have the power to keep candidates off the ballot under a constitutional clause barring insurrectionists from holding office. The ruling effectively shuts down efforts to keep Trump off several state ballots just as we head into Super Tuesday today, with 16 states holding their primary votes. Trump is expected to dominate the Republican contest.
American Airlines has ordered 260 new planes to meet growing travel demand. It’s also leaning into luxury by adding more first-class seats.
Haiti declared a state of emergency after armed gangs broke 3,700 people out of prison. Gang leaders are demanding the prime minister’s resignation.
France became the first country to include the right to abortion in its constitution.
Panera Bread isn’t exempt from California’s new minimum wage law for fast-food workers after all, the governor’s office said after facing criticism for the apparent carve-out and claims it benefited a political donor.
Unions could call for another Hollywood strike if crew members don’t get a good deal from studios.
Trader Joe’s recalled its steamed chicken soup dumplings, which might contain hard plastic from a permanent marker.
