The second and final day of the DealBook DC Policy Project featured discussions on the prospects of bipartisan deal-making in Washington, overhauling of the financial markets and corporate America’s role in fighting the pandemic. Here are the highlights from the sessions on Tuesday: “We’ll lose 1.3 million jobs.” Elements of Democrats’ stimulus proposals, including raising […]
Container handlers and freight, port and shipping operators will next week have another crack at gathering to find solutions to New Zealand’s supply chain congestion troubles, after a Covid-19 outbreak derailed a first effort. A restricted number of sector representatives will brainstorm in Auckland on Monday at a workshop organised by the Ministry of Transport. […]
NEW YORK (Reuters) – Wall Street reversed its losses late Tuesday, with the S&P 500 and the Dow reclaiming positive territory by the close in a tug-of-war between stocks that thrived amid lockdowns and those that stand to benefit most from a reopening economy. The Nasdaq was the only major U.S. stock index to lose […]
Two people charged over allegations of improper political donations involving the New Zealand First Foundation will now wait more than a year for their High Court trial. Justice Sally Fitzgerald today set a six week trial starting on June 7, 2022 for the pair, who were both charged with obtaining by deception by the Serious […]
A few years ago, the economists Alicia Sasser Modestino and Justin Wolfers sat at the back of a professional conference and watched Rebecca Diamond, a rising star in their field, present her latest research on inequality. Or at least she was meant to present it — moments after she began her talk, the audience began […]
The former North Korean diplomat on life under the Kims — and how the world should counter the regime. Tae Yong-ho says he was 14 years old when he first began to comprehend the true cruelty of the songbun, Kim Il Sung’s class system. It was August 1976, and the Great Leader was expelling people […]
Clubhouse, social media’s darling of the moment, has a unique draw: Famous figures, from Drake and Oprah Winfrey to Mark Zuckerberg and Elon Musk, have jumped into the audio-only platform to host calls, participate in conversations or listen in on others, alongside other members. Hearing off-the-cuff commentary from known figures or seeing celebrities among the […]
NEW YORK (Reuters) – The S&P 500 and Nasdaq fell on Monday as climbing Treasury yields and prospects of rising inflation triggered valuation concerns, hitting shares of high-flying growth companies.FILE PHOTO: A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri/File PhotoThe Dow […]
The daily newsletter from "The Points Guy" hits our inbox every morning, with each email offering some pretty life-changing tips on credit card points, airline miles, travel advice and unique investment opportunities. But if you don't know the guy behind "The Points Guy," you probably should give the founder a quick Google search, especially due […]
The official rate stood at 6.3% in January, but using an expanded metric, Fed and Treasury officials say it’s closer to 10%. By Jeanna Smialek America’s official unemployment rate has declined sharply after rocketing up last year, but top government economic officials are increasingly citing a different figure — one that puts the jobless rate […]