(Bloomberg) — Wall Street’s massive options expiration not only made stock traders more cautious, but also sent one of the bull market’s leaders on a rollercoaster ride. Volume increased at the close of trading. Most Read by Bloomberg An estimated $5.5 trillion expired during the quarterly event known as the “triple witch” in which derivatives…
Larger / Dr. Peter Marks, Director of the Center for Biological Evaluation and Research within the Food and Drug Administration on March 18, 2021 in Washington, DC. The Food and Drug Administration (FDA) on Thursday announced expanded approval for a gene therapy to treat Duchenne muscular dystrophy (DMD) — despite the fact that it failed…
A Virgin Atlantic pilot has been sacked on the spot after airline bosses discovered she was moonlighting and working for another airline on her days off. First officer Danica Theuma flew for Virgin, which operates a strict long-haul network. Unbeknownst to the company, she was piloting planes for KM Malta Airlines which flies to 17…
The head of NJ Transit said he’s holding Amtrak’s “feet to the fire” to ensure brutal weekday train delays don’t plague riders all summer — even as the two agencies trade blame for some of the problems. On Friday, service in and out of New York’s Penn Station was halted for hours during the morning…
Ark Investment Management operates eight exchange-traded funds (ETFs) that invest primarily in innovative technology stocks. Last year, Ark CEO Cathie Wood said that software companies will be the next big opportunity in artificial intelligence (AI), predicting that they could generate $8 in revenue for every $1 spent on chips by suppliers like. Nvidia. Ark’s ETFs…
With billions of dollars in trade at stake, China and the European Union have agreed to engage in talks to try to resolve an escalating dispute over tariffs. China’s Commerce Minister Wang Wentao and Valdis Dombrovskis, the European Union’s trade commissioner, will hold discussions on the European Union’s plan for tariffs on electric cars from…
The Food and Drug Administration on Friday approved the first menthol-flavored e-cigarette products, drawing swift criticism from some public health advocates as it signaled that the agency believes the vapors can help adult smokers quit. The decision comes as the FDA faces growing criticism for failing to curb illegal but widely available flavored vaping products…
Extreme heat coupled with strained infrastructure, malfunctions and mechanical problems at Amtrak and New Jersey Transit brought agony and massive delays to tens of thousands of commuters across the Northeast this week. Rail service between New Jersey and New York’s Penn Station was suspended Thursday before the evening commute and again Friday morning, with Citing…
In May, 51 million retiree beneficiaries took home an average Social Security check totaling $1,916.63, up $23,000 on an annualized basis. While that may not sound like a game-changing sum of money, the average retiree would struggle mightily without their guaranteed monthly benefit. For the past 23 years, the national Gallup poll has surveyed retirees…
New York CNN – Decades ago, Americans flocked to Main Street to shop. A string of small family-owned shops stood side by side along a tree-lined block or two, displaying their wares through large welcoming windows. Then in 1956 something happened that changed the shopping experience forever. A new retail format infused the hustle and…