Tesla stock jumps on news it will join S&P 500 in one shot

Tesla stock jumps on news it will join S&P 500 in one shot

Tesla’s stock price surged early Tuesday after the company behind the S&P 500 said the electric-car maker would be added to the index in one go this month. Shares in the world’s most valuable automaker climbed about 5.1 percent to $596.55 as of 8:59 a.m. after S&P Dow Jones Indices announced that Tesla will join … Read more

Stocks climb as Wall Street looks to build on November rally

Stocks climb as Wall Street looks to build on November rally

US stocks were poised to climb toward new records Tuesday as Wall Street looked to keep its historic rally going into December. Futures contracts tied to the Dow Jones industrial average rose 328 points, or roughly 1.1 percent, to 29,957 as of 7:47 a.m. as the blue-chip index looked to erase Monday’s losses after posting … Read more

Pfizer, BioNTech seek COVID-19 vaccine approval in Europe

Pfizer, BioNTech seek COVID-19 vaccine approval in Europe

Pfizer and BioNTech have asked European regulators for conditional approval of their experimental coronavirus vaccine — and officials say they could make a decision by the end of the month. The companies said they submitted an application to the European Medicines Agency on Monday for a conditional marketing authorization for their COVID-19 shot, which was … Read more

BlackRock poised to replace Goldman Sachs inside the White House

BlackRock poised to replace Goldman Sachs inside the White House

Forget “Government Sachs” — it’s BlackRock that’s shaping up to be Wall Street’s new elephant inside the White House. President-elect Joe Biden is raising eyebrows with chatter that he’s poised to name two executives from BlackRock — the asset-management colossus headed by billionaire Larry Fink, with more than $7 trillion in holdings — for top … Read more

NBA’s Steph Curry to create new brand with Under Armour

NBA’s Steph Curry to create new brand with Under Armour

NBA star Stephen Curry is set to launch a new line of sports apparel on Tuesday called “Curry Brand” with longtime retail partner Under Armour. Curry Brand will include footwear, apparel and accessories and extends the hoopster’s relationship with Under Armour beyond his original 2013 basketball sneaker deal to include golf, other sports and a … Read more

Millions of workers weeks away from losing paid COVID leave

Millions of workers weeks away from losing paid COVID leave

Nearly 90 million workers could be just a month away from losing access to paid leave programs that helped slow the coronavirus’ spread, a new report says. The Families First Coronavirus Response Act — which Congress passed in March in the early stages of the pandemic — required most employers to give workers up to … Read more

Feds to slap accuracy warning on US jobless claim reports

Feds to slap accuracy warning on US jobless claim reports

The US Department of Labor will add an accuracy warning to its weekly unemployment reports after a federal watchdog found flaws in how the figures were reported. The agency’s closely watched reports have equated the number of weeks for which Americans claimed unemployment benefits with the number of people who are actually out of work … Read more

Stocks tumble at end of record-setting month on Wall Street

Stocks tumble at end of record-setting month on Wall Street

US stocks tumbled Monday as investors closed out a record-setting month by locking in some profits. The Dow Jones industrial average slid as much as 446.73 points, or about 1.5 percent, to 29,463.64 but was still on pace for its biggest monthly gain since 1987 after crossing the 30,000 mark last week. The blue-chip index … Read more

Whole Foods CEO John Mackey calls socialism ‘trickle-up poverty’

Whole Foods CEO John Mackey calls socialism 'trickle-up poverty'

Whole Foods CEO John Mackey urged his fellow corporate leaders to join him in beating back the rising tide of socialism — an ideology he fears will plunge the world into poverty. In a recent interview with the conservative American Enterprise Institute, Mackey said business bosses need to more aggressively push back against progressives’ increasingly … Read more