The Nasdaq Marketsite is seen during morning trading on April 7, 2025 in New York City. Michael M. Santiago | Getty Images Every bear market has days like this. The Nasdaq soared 12% on Wednesday, the second-best day on record for the tech-heavy index and its sharpest rally since January 2001, which was the middle…
Boxes of Novo Nordisk’s weight-loss drug Wegovy in Oslo, Norway, Nov. 21, 2023. Victoria Klesty | Reuters Pharmaceutical companies breathed a sigh of relief Wednesday after U.S. President Donald Trump revealed that they would not be subject to reciprocal tariffs — but that reprieve could prove fleeting as the White House moves ahead with plans…
U.S. Federal Reserve Chair Jerome Powell holds a press conference after the Monetary Policy Committee meeting, at the Federal Reserve in Washington, DC on March 19, 2025. Roberto Schmidt | AFP | Getty Images The U.S. Federal Reserve concluded its meeting exactly as market watchers had expected: by keeping interest rates steady. While a cut…
A general view of the factory headquarters in Cologne, Germany, on October 29, 2024, as the IG Metall labor union calls for a one-day strike starting at midnight for better collective bargaining pay for workers. Ying Tang | Nurphoto | Getty Images U.S. President Donald Trump allowed a one-month pause on tariffs for automakers that…
California Governor Gavin Newsom has asked the US federal government for $40 billion (£31.6b) in funds to help rebuild areas of Los Angeles devastated by January fires. Newsom sent the request to congressional leaders in a letter on Friday. He said the funds would help both immediate and long-term recovery work. “I’m asking Congress to…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 12, 2025. Brendan McDermid | Reuters Humans are forward-looking creatures. It allows us to plan for the future, increasing our chances of survival and success, but can also bog us down as we get mired in anxiety…
As restaurants and food brands continue to work together to help those affected by the Los Angeles wildfires, Hedley & Bennett — overlords of the soft-yet-durable apron sector— and Snibbs — the chef-founded footwear company — just announced a new kitchen-ready sneaker collaboration that will benefit the non-profit Restaurants Care, which has been providing grants…
