Stocks sold off Friday as inflation and geopolitical worries once again dented investor sentiment on Wall Street. A broad decline in major bank shares also weighed on the market. The Dow Jones Industrial Average slid 475.84 points, or 1.24%, closing at 37,983.24. The S&P 500 tumbled 1.46% at 5,123.41. The Nasdaq Composite pulled back by 1.62% at 16,175.09. At one point in the trading session, the ...
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has not seen inflation come back to the central bank’s goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon. Speaking to a policy forum focused on U.S.-Canada economic relations, Powell said that while inflation continues to make its way lower, it hasn’t moved ...
Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company’s shares were down 3% on Monday morning. “As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” Musk said ...
Israel has yet to agree how to respond to the Iranian attack over the weekend that saw more than 300 projectiles fired at its territory in the first direct military confrontation between the Islamic Republic and the Jewish state. Israel must balance international pressure to show restraint on the one hand, while searching for an appropriate response to an unprecedented ...
At least 17 people have died in flash floods triggered by heavy rain across Oman since Sunday, the country’s National Committee for Emergency Management (NCEM) reports. On Tuesday, the government suspended the work of employees and workers in the public and private sectors in five governorates, including Musandam, Al Buraimi, Al Dhahirah, and Al Dakhiliyah, due to the weather conditions. The ...
Georgian lawmakers came to blows in parliament on Monday as ruling party legislators looked set to advance a controversial bill on “foreign agents” that has been criticized by Western countries and sparked protests at home. Footage broadcast on Georgian television showed Mamuka Mdinaradze, leader of the ruling Georgian Dream party’s parliamentary faction and a driving force behind the bill, being ...
Since I became a climate reporter — and then a new dad — bedtime stories are different now. Coming home from flood or drought, wildfire or research lab there awaits a four-year old named River who loves story time almost as much as he loves animals. Armadillos, giraffes and humpback whales are the current top three, but when picking a ...
At least 20 severely decomposed bodies have been found in a boat off the coast of northeastern Brazil, officials say. The boat was found on the coast of Bragança, northeast of Pará, on April 13, the Brazilian Federal Public Ministry announced Sunday. Two investigations have been since been opened. Officials said at least 20 bodies had been found in the boat, ...
Indian Prime Minister Narendra Modi once famously made a simple election promise: “good days are coming”. To his adoring supporters, it’s a vision of a future now finally within reach should Modi and his right-wing Hindu nationalist Bharatiya Janata Party (BJP) secure an emphatic and rare third consecutive term at this month’s nationwide election. At his rallies, tens of thousands gather in near ...
At least one bumblebee species can survive underwater, scientists have found after a mishap led to an experiment. A study by researchers in Canada has found when hibernating, common eastern bumblebee queens can survive being submerged in water for a week with no apparent issues. Research began after Dr Sabrina Rondeau, of the University of Guelph in Ontario, made a ...