In a week in which the S&P 500 sets a record in the midst of a pandemic, it’s fair to consider at least the bottom 495 parts. Michael Batnick, director of research at Ritholtz Wealth Management, points out 94% of the S&P 500 SPX, + 0.31% components trade below their …
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As California becomes one of the first states to take over Big Tech in the ongoing battle over the employment status of Uber and Lyft drivers, the scofflaw ride-hailing companies are now working their political contacts to prevent them from complying with a law that has been on the books …
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Joe Biden promised to rebuild the abused American economy and tackle the coronavirus pandemic when he accepted the Democratic nomination on Thursday night, and threw himself as an ointment for a nation wounded by President Donald’s policies. Trump. In a speech that differentiated between airy rhetoric and specific proposals, Biden …
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Alibaba Group Holding Ltd. said most of its companies are now back to “healthy growth” as China recovers from the COVID-19 crisis. The Chinese e-commerce giant topped revenue and revenue expectations with its fiscal report in the first quarter beginning Thursday, although its shares were 1.6% off in midday trading. …
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Federal Reserve staff told central bank officials in late July that they would lower their estimate for economic growth in the second half of the year, according to minutes released by the Federal Open Market Committee on Wednesday. Fed staff always present their own forecasts at the Central Bank’s eight …
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