New York (CNN Business)TJ Maxx has taken a hit from the pandemic with fewer people visiting stores and picking up clothing. But the discount giant is betting that customers will re-emerge once they get the Covid-19 vaccine and “revenge” shop to make up for the lost year. TJX (TJX), the […]
Economist James K. Galbraith said policymakers failed Texas during the state’s recent power outage. Texas’ deregulated electrical system incentivized the cheapest production without accounting for resilient machinery. Galbraith says the only way to fix the system is to turn it into a public utility. Visit the Business section of Insider […]
Andrew Kelly/Reuters A plunge in COVID-19 cases and a faster economic reopening brings mixed signals for the stock market, according to a note from Ned Davis Research. Value stocks outperforming growth stocks is a likely scenario if the economy recovers quickly from the pandemic, the note said. “Higher interest rates […]
A good pair of running shoes specific to your biomechanics will make every mile more comfortable and safe. It’s important to consider how much cushioning you need and where, and what surface you run on. Our top pick, Brooks Ghost 13, is lightweight yet cushioned and durable enough to last […]
Frederic J. Brown/Getty Images Tesla rose as much as 4% on Wednesday as investors bought the stock’s recent dip. Ark Invest CEO Cathie Wood said her firm “bought a lot” of Tesla shares on Tuesday, when the electric automakers stock dropped as much as 13%. Tesla closed Tuesday 11% lower […]
Dado Ruvic/Reuters Cryptocurrency exposed companies including MicroStrategy and Riot Blockchain gained on Wednesday. The jump coincided with bitcoin’s rally back above $51,000 after Ark Boss Cathie Wood praised the token. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shares of cryptocurrency-exposed companies rose in premarket […]
The rate of the spread of COVID-19 in America has dropped recently. Nevertheless, there are 28,526,532 confirmed cases in the United States, which is about 25% of the world’s total. There also have been 507,469 fatal cases, or 20% of the world’s total. Some scientists believe case counts actually are […]
Fox Business Flash top headlines for February 23 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Black History Month honors the achievements of African American educators, artists, athletes, scientists, musicians and writers. But where are the Black business people? Decades after the modern Civil Rights […]
A quartet of ex-Goldman Sachs trading execs have raised $14 million to build a new trading venue. Investors include Goldman, Bank of America, AllianceBernstein and Nasdaq Ventures. It allows investors to trade large blocks of shares without moving markets. Visit the Business section of Insider for more stories. A new […]
Joseph Stiglitz is an American economist and a professor at Columbia University. A recipient of the Nobel Memorial Prize in Economic Sciences, he is a former senior vice president and chief economist of the World Bank and a former member and chairman of the Council of Economic Advisers during the […]
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