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Dow drops nearly 500 points as Fed decision looms over markets

U.S. stocks rose higher on Tuesday as U.S. Treasury yields rose and traders appeared hesitant to open new long positions ahead of the Federal Reserve’s September policy meeting. closed down. what happened Dow Jones Industrial Average DJIA, -1.01% It dropped 313.45 points, or 1%, to close at 30,706.23. S&P 500 SPX, -1.13% It dropped 43.96 … Read more

Biden has finalized a plan to curb Big Tech. Big Tech was not invited.

The Joe Biden administration issued a checklist of actions needed to curb Big Tech on Thursday after a roundtable “listening session” on issues within the tech industry. But administration officials are “not listening” to companies that have been targeted by many of their desired actions. Google’s parent company, Alphabet Inc. +2.09% goog, +2.16%, Amazon.com Inc. … Read more