Technology stocks and indexes are experiencing the biggest market tumbles since the dot-com bubble as a pullback intensifies in global financial markets. During the 11-year bull market, which began in March 2009 and ended at the start of the pandemic-induced selloff in 2020, technology securities led the way. In an era of historically low interest…
Chevron CEO: There May Never Be Another Oil Refinery Built in US Again
June 14, 2022
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Business & MarketsChevronCompanieseconomic policieseconomyExecutive BranchInvestmentMarketsPolicies & ImpactsPoliticsUSUS News
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Chevron CEO Mike Wirth said in a recent interview that he does not believe another oil refinery will be built again in the United States, saying that government policies are a key reason why, as average gas prices continue to rise as of Tuesday. “There hasn’t been a refinery built in this country since the…
What You Need to Know About the 2022 S&P 500 Bear Market
Less than a month after the S&P 500 temporarily slipped into bearish territory, the benchmark stock market index officially fell into a bear market at the closing bell on Monday. Year-to-date, the S&P 500, comprised of Apple, Berkshire Hathaway, and Tesla Motors, has tumbled nearly 22 percent. The index now joins the tech-heavy Nasdaq…
S&P 500 Has Tumbled 22 Percent in a Year—Here’s What You Need to Know
Less than a month after the S&P 500 temporarily slipped into bearish territory, the benchmark stock market index officially fell into a bear market at the closing bell on Monday. Year-to-date, the S&P 500, comprised of Apple, Berkshire Hathaway, and Tesla Motors, has tumbled nearly 22 percent. The index now joins the tech-heavy Nasdaq…
S&P 500 Tumbles Into Bear Market—Here’s What You Need to Know
Less than a month after the S&P 500 temporarily slipped into bearish territory, the benchmark stock market index officially fell into a bear market at the closing bell on Monday. Year-to-date, the S&P 500, comprised of Apple, Berkshire Hathaway, and Tesla Motors, has tumbled nearly 22 percent. The index now joins the tech-heavy Nasdaq…
Here Are the Six Banks West Virginia Says Violate Its Fossil Fuel Anti-Boycott Law
June 13, 2022
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BlackRockBusiness & Marketscancel culturecommoditiesCompanieseconomic policieseconomyFeatured Topicsfossil fuelInvestmentMarketsPoliticsRepublicansstocksUSUS FeaturesUS NewsWest Virginia
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The Epoch Times can name six financial institutions that the West Virginia State Treasurer’s office contacted on June 10 regarding alleged violations of its new law aimed at stopping banks boycotting the energy sector. They are BlackRock, Goldman Sachs, JPMorgan Chase, Morgan Stanley, U.S. Bancorp, and Wells Fargo. The treasurer’s office provided the names on…
Here Are the Six Financial Institutions West Virginia Says Violate Its Fossil Fuel Anti-Boycott Law
June 13, 2022
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BlackRockBusiness & Marketscancel culturecommoditiesCompanieseconomic policieseconomyFeatured Topicsfossil fuelInvestmentMarketsPoliticsRepublicansstocksUSUS FeaturesUS NewsWest Virginia
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The Epoch Times can name six financial institutions that the West Virginia State Treasurer’s office contacted on June 10 regarding alleged violations of its new law aimed at stopping banks boycotting the energy sector. They are BlackRock, Goldman Sachs, JPMorgan Chase, Morgan Stanley, U.S. Bancorp, and Wells Fargo. The treasurer’s office provided the names on…
S&P 500 Falls Back Into Bear Market as Wall Street Opens Down
June 13, 2022
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bear marketBusiness & MarketscommoditiescryptocurrencyeconomyinflationInvestmentMarketspersonal financeS&P 500stocksUSUS NewsWall Street
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Wall Street’s main indexes opened sharply lower on Monday amid a broader risk-off sentiment that also saw cryptocurrencies take a beating, while the benchmark S&P 500 fell into a bear market intraday as a higher-than-expected inflation print last week raised bets the Fed would tighten faster and further to quell price pressures. Shortly after opening…
Elon Musk Rips Into YouTube for ‘Nonstop Scam Ads’
June 9, 2022
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Big Tech, Censorship, and SocialismBusiness & MarketsCompaniesElon MuskFeatured TopicsInvestmentMedia & Big TechscammersUSUS NewsYouTube
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Elon Musk took aim at YouTube against its “scam ads” on June 7, setting off speculation about another potential acquisition following his attempt on Twitter. The billionaire turned his fire on the Google company in recent Twitter posts on Tuesday, which included a meme mocking what he saw as a double standard in the video…
Foreign Investors Dumping the Yuan and Fleeing China
June 9, 2022
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Business & MarketsBusiness ColumnistsChinaChina Business & EconomyInvestmentlockdownsOpinionThinking About Chinayuan
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Commentary China’s COVID-19 lockdowns and rate cuts are driving down the yuan and exacerbating foreign capital outflow. “Uncertainty is really the keyword, because there’s no view, no outlook about how long this could last, and what will be next after Shanghai,” Massimo Bagnasco, vice president of the European Union Chamber of Commerce in China, told…
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