The presumptive Democratic presidential nominee Joe Biden speaks at McGregor Industries on July 09, 2020 in Dunmore, Pennsylvania. Spencer Platt | Getty Images WASHINGTON — Democratic presidential nominee Joe Biden will travel to the battleground state of Michigan on Wednesday to propose changes to the corporate tax code that reward investments in U.S.-based manufacturing, and
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The six biggest tech stocks have lost more than $1 trillion over the last three days alone, but it’s really just a dent coming off a huge rally that peaked last week. Apple, which hit a $2 trillion market cap on Aug. 19, is down about $325 billion in that time period. Microsoft‘s down $219
U.S. government debt prices were higher on Tuesday morning, as investors awaited a fresh batch of economic data and a slew of Treasury auctions after the long Labor Day weekend. At around 5:00 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.6968%, while the yield on the 30-year Treasury bond was
A Boeing logo sits on the fuselage of a Boeing 787-9 Dreamliner aircraft, produced by Boeing Co., as it stands on display prior to the opening of the Farnborough International Airshow in Farnborough, U.K., on Sunday, July 13, 2014. Simon Dawson / Bloomberg The Federal Aviation Administration is reviewing quality-control lapses at Boeing that could
Protesters speak with Belarusian special police officers while opposition supporters rally to protest against disputed presidential elections results in Minsk on August 30, 2020. – | AFP | Getty Images Bundled into a police van, beaten and crammed into a cramped Belarusian cell with dozens of others, Aleksei V. hadn’t realized it was possible to
Virgin Galactic’s spacecraft Unity reaches space for the first time. Source: Virgin Galactic Virgin Galactic plans to conducts its next crewed spaceflight test on Oct. 22, according to documents the company filed with the Federal Communications Commission on Tuesday. The flight will be the first of two that the space tourism company has planned to complete
Starbucks shift supervisor Adan Miranda wears a face mask as he serves a drink to a customer while standing behind a plexiglass shield in a booth outside the store in Sacramento, Calif., Thursday, May 21, 2020. Rich Pedroncelli | AP The coronavirus pandemic is spurring on a growing number of restaurant chains to build restaurants
Integrated circuits on a circuit board. The semiconductor industry has been in focus during the U.S.-China trade war. filonmar | E+ | Getty Images The Trump administration is considering imposing export restrictions on Semiconductor Manufacturing International Corporation, China’s largest manufacturer of semiconductors, according to a Defense Department spokesperson. The Department of Defense is in discussions over
SpaceX founder Elon Musk looks on at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, March 2, 2019. Mike Blake | Reuters Shares of Tesla dropped more
The U.S. economy added more jobs than economists expected last month, but the diminishing rate of monthly new hires is ominous, National Urban League CEO Marc Morial said Friday on CNBC. The August Labor Department employment report shows payrolls increased by 1.37 million with most hires coming in government and retail. “There ought to be a
A makeshift memorial is seen, Wednesday, Sept. 2, 2020, in Rochester, N.Y., near the site where Daniel Prude was restrained by police officers. Adrian Kraus | AP Seven officers involved in the response to a call where a Black man was put in a hood and later died have been suspended, the mayor of Rochester,
A trader works at his post on the floor of the New York Stock Exchange (NYSE) in New York. Brendan McDermid | Reuters The high-flying stocks are coming back down to earth as investors see an opportunity to lock in their gains with markets at their highs. The tech-heavy Nasdaq Composite, which has made a
US President Donald Trump talks to supporters upon arrival at Wilmington International Airport in Wilmington, North Carolina, on September 2, 2020. Mandel Ngan | AFP | Getty Images President Donald Trump suggested that people in North Carolina should vote twice in the November election, once by mail and once in-person, escalating his attempts to cast confusion and
World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus attends a daily press briefing on COVID-19 virus at the WHO headquaters on March 11, 2020 in Geneva. Fabrice Coffrini | AFP | Getty Images WASHINGTON — The Trump administration outlined on Wednesday the next steps it will take as the U.S. withdraws from the World Health
U.S. government debt prices moved lower Wednesday morning as investors awaited fresh employment data. At around 2:20 a.m. ET, the yield on the benchmark 10-year Treasury note rose to 0.6803% while the yield on the 30-year Treasury bond moved higher to 1.4388%. Yields move inversely to prices. The moves come after the U.S. bond market saw some momentum on Tuesday
White House Senior Adviser Ivanka Trump introduces her father U.S. President Donald Trump to deliver his acceptance speech as the 2020 Republican presidential nominee during the final event of the Republican National Convention on the South Lawn of the White House in Washington, August 27, 2020. Kevin Lamarque | Reuters DETROIT – General Motors CEO
U.S. government debt prices were lower Tuesday morning as markets entered their first trading day of the month. At around 2:25 a.m. ET, the yield on the benchmark 10-year Treasury note rose to 0.7081%, while the yield on the 30-year Treasury bond jumped to 1.4832%. Yields move inversely to prices. Investors are monitoring coronavirus’ news, but also possible moves to
Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., center, celebrates during the company’s initial public offering at the Nasdaq MarketSite in New York on April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Zoom Video Communications shares rose as much as 9% in extended trading on Monday after the