In January, Patricia Fahy, a New York State legislator, was celebrating a new development project for the Port of Albany: the country’s first assembly plant dedicated to building offshore wind towers. “I was doing cartwheels,” said Ms. Fahy, who represents the area. Before long, however, she was caught in a political bind. A powerful union informed her that most of […]
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WASHINGTON — U.S. employers posted a record number of available jobs in March, illustrating starkly the desperation of businesses trying to find new workers as the country emerges from the pandemic and the economy expands. Yet total job gains increased only modestly, according to a Labor Department report issued Tuesday. The figures follow an April jobs report last week that […]
Read moreAP Photo/Gerry Broome NFL star Tom Brady hinted he has invested in cryptocurrencies with a response to a tweet. Brady changed his Twitter profile picture to one with laser eyes – a meme in bitcoin circles. Bitcoin and other cryptocurrencies have been driven higher by celebrity endorsements. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. […]
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Fed policies could end up threatening the long-term health of the U.S. dollar, investing magnate Stanley Druckenmiller told CNBC. "I can't find any period in history where monetary and fiscal policy were this out of step with the economic circumstances, not one," the chair and CEO of Duquesne Family Office said. Though he agreed with the early steps the Fed […]
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Virgin Galactic stock drop accelerated in early trading on Tuesday, with the company's next spaceflight test possibly delayed further. While repair work on an issue with its spacecraft is complete, an unexpected possible maintenance issue with carrier aircraft VMS Eve was identified after test flights last week. "We will report back to the market next week with an update on […]
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Corporates are stepping up their demands for sustainably-focused deals, and banks are responding. The first quarter of 2021 saw more than $58 billion worth of sustainable M&A, Refinitiv found. Here’s what the wave of ESG dealmaking means for investment banks, according to two top RBC dealmakers. See more stories on Insider’s business page. A wave of ESG-focused initiatives and dealmaking […]
Read moreA $28.6 billion Restaurant Revitalization Fund (RRF) has been launched under the federal relief program by the U.S. Small Business Administration (SBA) and it has begun accepting grant applications to help put tens of thousands of restaurants on a long path to recovery, according to a statement by the National Restaurant Association or NRA. The fund will be administered by […]
Read moreA report released by the Commerce Department on Tuesday showed the U.S. trade deficit hit a new record high in the month of March. The Commerce Department said the trade deficit widened to $74.4 billion in March from a revised $70.5 billion in February. The trade deficit was nearly in line with estimates, as economists had expected the deficit to […]
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In one of the biggest and most incredible cybersecurity failures in recent history, the Columbia Pipeline, which is literally the jugular for much of the energy transportation in the United States, was hacked and many are alleging the culprit was the work of a Russian-speaking ransomware group called DarkSide. The forced shutdown of Colonial Pipeline last Friday, which is America’s […]
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