Dow sinks more than 900 points on concerns over South Africa COVID-19 variant

Dow sinks more than 900 points on concerns over South Africa COVID-19 variant

(NEW YORK) -- The Dow Jones Industrial Average sank more than 900 points on Friday over concerns about the spread of the new COVID-19 variant detected in South Africa. Anxiety among investors grew as countries ramped up responses to the variant, called B.1.1.529, first detected in Botswana. The United Kingdom and…
Classic car shows evolve alongside a new generation of car enthusiasts

Classic car shows evolve alongside a new generation of car enthusiasts

(NEW YORK) -- Classic car shows have long been a staple of car enthusiasm -- a place for gearheads to gather with fellow enthusiasts to show off their antique rides. "The vibe is usually really, really chill. It usually happens pretty early in the morning on the weekend," says Kristen Lee,…
When might the release from the US strategic oil reserve affect gas prices?

When might the release from the US strategic oil reserve affect gas prices?

(NEW YORK) -- The White House announcement Tuesday that the U.S is taking the rare step of releasing oil from the nation's strategic reserve in an attempt to lower gas prices comes as inflation-battered Americans are feeling the pinch at the pump ahead of Thanksgiving travel. While the news could…
Macy’s iconic Thanksgiving Day Parade balloons are now NFTs

Macy’s iconic Thanksgiving Day Parade balloons are now NFTs

(NEW YORK) -- Macy's is turning some of the iconic balloon designs from its annual Thanksgiving Day parades into non-fungible tokens (NFTs), some of which will be auctioned to benefit the Make-A-Wish foundation. NFTs have become adopted by the mainstream and are especially popular among budding digital art collectors. Macy's…
Kellogg restarts talks with workers as strike enters seventh week

Kellogg restarts talks with workers as strike enters seventh week

(BATTLE CREEK, Mich.) -- Negotiations are resuming on Monday between Kellogg Co. and the union representing some 1,400 cereal plant workers who have been on strike for more than six weeks. The workers, who have been striking since Oct. 5, are being represented by the Bakery, Confectionery, Tobacco Workers and…
Biden nominates Federal Reserve Chairman Jerome Powell to 2nd term

Biden nominates Federal Reserve Chairman Jerome Powell to 2nd term

(WASHINGTON) -- President Joe Biden announced Monday he will nominate Federal Reserve Chairman Jerome Powell to a second four-year term amid new concerns about controlling inflation and took the opportunity to respond to those who have voiced opposition to Powell's nomination. "As chair, Jay undertook a landmark review to reinforce…
Theranos founder Elizabeth Holmes returns to the stand in fraud trial

Theranos founder Elizabeth Holmes returns to the stand in fraud trial

(SAN JOSE, Calif.) -- Theranos founder Elizabeth Holmes will return to the stand on Monday at her criminal fraud trial in a California federal court. Holmes, who is accused of defrauding investors out of millions as she raised money for her blood-testing start-up, is expected to testify on Monday and…