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Posts published in “Statuses”
For those looking to insurgent electoral movements to freshen our political possibilities, this week’s preliminary mayoral results in Boston offer reason for good cheer. Two current city council members—Michelle Wu and Anissa Essaibi George, both women of color—snagged the top spots in the preliminary mayoral election and will now face off in what will likely…
Ports are backlogged. Record numbers of ocean liners are waiting offshore for berths to unload their cargo. Shipping containers are nowhere to be found. Captains are rerouting their ships to avoid ports shut down by coronavirus outbreaks.And for many of the world’s largest shipping lines, profits have never been higher.The pandemic has been a double-edged…
Stock futures opened slightly higher Wednesday evening as investors mulled the Federal Reserve's latest signals on monetary policy, which suggested the central bank was warming to a near-term policy adjustment as the economy improved further.Contracts on the S&P 500 gained. Earlier, the blue-chip index rose for the first time in five sessions and shook off…
1.13pm EDT 13:13 FTSE close And finally, European stock markets have ended the day higher. In the City, the London stock market finished 11 points higher at 7027 points. Construction rental group Ashtead led the rises, up 5.2% after saying earnings would be ahead of forecasts in a strong earnings update. Travel stocks held their…
SINGAPORE — Markets in mainland China fell more than 1% on Wednesday's open before bouncing back slightly amid the ongoing Evergrande crisis, as markets reopened for trade after a two-day holiday.With global markets selling off earlier this week, investors kept a close watch on the China markets for any fallout surrounding the embattled developer.Both the…
As the criminal trial of Elizabeth Holmes—the disgraced former CEO of the defunct blood-testing startup Theranos, who allegedly defrauded investors, physicians, and patients—unfolds in San Jose, California, rubberneckers have no shortage of content over which to obsess. The tale of the blonde Stanford dropout who parlayed a try-hard Steve Jobs impression into a $9 billion…
Former Food and Drug Administration Commissioner Dr. Mark McClellan told CNBC that it seems realistic that younger kids will be getting vaccinated for Covid-19 based on the new data released by Pfizer on Monday."Those findings are very promising, especially around the ability of a very small dose, leading to a very strong immune reaction," said…
(Bloomberg) -- Growing investor angst about China’s real estate crackdown rippled through markets on Monday, adding pressure on Xi Jinping’s government to prevent financial contagion from destabilizing the world’s second-largest economy.Hong Kong real estate giants including Henderson Land Development Co. suffered the biggest selloff in more than a year as traders speculated China will extend…
By Simon JackBusiness editorimage source, Getty ImagesThe government is considering offering emergency state-backed loans to energy companies as firms battle to stay afloat amid surging gas prices.Business Secretary Kwasi Kwarteng will hold crisis talks with industry bosses including Centrica and E.On on Monday.Smaller suppliers face ruin as price hikes have made their price promises to…