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US stocks rebound after worst day of 2021 as economic growth concerns ease

2 monthes ago   |   By Business Insider

Summary List Placement US stocks rallied higher Tuesday after a harsh sell-off the previous day, as investor concerns about the impact of rising COVID-19 cases on the global economy eased.
On Monday the S&P 500 faced its steepest decline since May while the Dow Jones saw its largest daily drop for the year. Stocks that hinge on the economic re-opening in industries including airlines and cruise operators were hit hard.
Investor attention is now turning to corporate earnings, with IBM jumping over 2% in early morning trading after reporting its biggest increase in quarterly revenue in three...
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US stocks rebound after worst day of 2021 as economic growth concerns ease

US stocks rebound after worst day of 2021 as economic growth concerns ease

2 monthes ago   |   By Business Insider

Spencer Platt/Getty Images
US stocks rebounded Tuesday after the biggest daily drop in the Dow in 2021.
Rising COVID-19 cases and concerns about the economic recovery triggered a global sell-off on Monday.
Bitcoin tumbled below $30,000.
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US stocks rallied higher Tuesday after a harsh sell-off the previous day, as investor concerns about the impact of rising COVID-19 cases on the global economy eased. On Monday the S&P 500 faced its steepest decline since May while the Dow Jones saw its largest daily drop for the year...
Read more ...

 

Facebook scientists asked to study COVID-19 misinformation at the beginning of the pandemic, but Facebook ignored them, a report says

2 monthes ago   |   By Business Insider

Facebook CEO Mark Zuckerberg.
Photo by Drew Angerer/Getty Images
Facebook scientists reportedly asked to study COVID-19 misinformation at the start of the pandemic.
Management never approved their request for resources, sources told The New York Times.
Facebook is fighting with the Biden administration over vaccine misinformation on its platform.
See more stories on Insider's business page .
Early in the pandemic, data scientists at Facebook asked for resources to monitor COVID-19 misinformation on the platform, but were ignored by leadership, according to a report from The New York Times...
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Global shares stabilize after the Dow's worst day of 2021, while cryptocurrencies tumble as risk aversion remains high

2 monthes ago   |   By Business Insider

Johannes Eisele/AFP via Getty Images
US futures rose and global shares stabilized on Tuesday after the biggest daily drop in the Dow in 2021.
Rising COVID-19 cases and concerns about delayed economic recovery triggered a global equities sell-off.
Cryptocurrencies tumbled off the back of weaker financial markets as investors remained risk averse.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
US futures rose and global shares stabilized on Tuesday after a widespread selloff the previous day, as rising COVID-19 cases and concerns about a delay to economic recovery...
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Nine New Olympic Covid-19 Cases Reported, Including One Athlete Residing In Games Village

2 monthes ago   |   By Forbes

The nine new infections bring up the total tally of Covid-19 cases tied to the Olympics to 67.
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Apple is delaying its office return by at least a month because of rising COVID-19 cases, report says

2 monthes ago   |   By Business Insider

Apple CEO Tim Cook.
Frazer Harrison/FilmMagic
Apple is delaying its office return by at least one month, to October, Bloomberg reports.
Apple announced in June it wanted staff in the office three days a week from September.
Sources told Bloomberg Apple was delaying the office return because of rising COVID-19 cases.
See more stories on Insider's business page .
Apple is delaying its office return by at least a month, sources told Bloomberg. Apple plans for staff to return to the office in October at the earliest, rather than September, following an increase in COVID-19 cases , an...
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