Yellen outlines bold climate agenda calling for net-zero emissions by 2035

Treasury Secretary Janet Yellen called Wednesday for an ambitious effort across the entire U.S. economy, from pollution-emitting businesses to big financial institutions, to tackle climate change. In a further elaboration on her office’s involvement in the climate issue, Yellen cited the importance of the public and private sectors working together to cut emissions and move … Read more

Ad software company DoubleVerify up 28% on first day of trading

DoubleVerify logo Source: DoubleVerify DoubleVerify, a company that builds software for digital media advertisers, was trading up 28% after launching its initial public offering Wednesday.  Shares opened at $35, up from its IPO price of $27, to reach a market cap of more than $5.3 billion. The company provides software to measure digital media ad … Read more

FDA finds poor conditions at Baltimore plant that ruined millions of doses of J&J Covid vaccine

A detail of Janssen Johnson & Johnson COVID-19 vaccine that is not currently being given out because it has been put on hold. Allen J. Schaben | Los Angeles Times | Getty Images The Food and Drug Administration said Wednesday a Baltimore plant that ruined millions of Johnson & Johnson Covid-19 vaccine doses was unsanitary and unsuitable … Read more

Here are Wednesday’s biggest analyst calls of the day: Amazon, Morgan Stanley, Apple & more

Here are the biggest calls on Wall Street on Source link

Weekly mortgage demand jumps 8.6% after interest rates fall to a two-month low

A “For Sale” sign outside a house in Palm Beach, Florida, on Wednesday, April 7, 2021. Marco Bello | Bloomberg | Getty Images A sharp drop in mortgage interest rates sent homeowners and potential homebuyers to their mortgage lenders. Total mortgage application volume surged 8.6% last week compared with the previous week, according to the … Read more

Peter Thiel-backed psychedelics start-up plans to raise $100 million in IPO

Peter Thiel, co-founder of PayPal Inc. VCG | Getty Images ATAI Life Sciences, a biopharmaceutical company aiming to make psychedelic drugs to treat mental health disorders, announced that it is planning to raise $100 million in an initial public offering. The Berlin-headquartered company, which counts billionaire investor Peter Thiel as one of its main backers, … Read more

Amazon is bringing palm-scanning payment system to Whole Foods stores

Amazon One connects a shopper’s palm to their credit card, letting them pay without waiting in line. Amazon Amazon is expanding its palm-scanning payment system to a Whole Foods store in Seattle, the company announced Wednesday, the first of many planned rollouts at other locations. Amazon One, which debuted in September and is currently in … Read more

Here are the 10 biggest economies in the world — before the pandemic vs. now

A child runs past a wall mural depicting healthcare workers wearing face masks along a road in New Delhi, India on March 21, 2021. Sajjad Hussain | AFP | Getty Images SINGAPORE — The Covid-19 pandemic has shaken up the ranking of the world’s largest economies after sending many countries into their worst economic recessions … Read more

China’s Xi Jinping to speak at a U.S.-led climate summit on Thursday

Chinese President Xi Jinping attends the National Day reception on the eve of the 71st anniversary of the founding of the People’s Republic of China in Beijing, China September 30, 2020. Thomas Peter | Reuters BEIJING — Chinese President Xi Jinping will give a speech Thursday via video conference at a global leaders climate summit … Read more

Goldman names its top global stock picks for the rest of the year

Thana Prasongsin | Moment | Getty Images Analysts at Goldman Sachs have recommended a wide range of stocks set to beat the market as it forecast strong global growth for the rest of the year. It produced several lists of global stocks, including those set to benefit from the reopening of economies post-pandemic, big dividend … Read more