The Dow Jones Industrial Average fell on Friday after the Federal Reserve’s decision to not extend a pandemic-era capital break for banks stoked a rise in bond yields and a sell-off in financial stocks.
The blue-chip Dow slid 234.33 points, or 0.7%, to 32,627.97, pressured by Visa and JPMorgan. The S&P 500 dipped 0.1% to 3,913.10, closing off its lowest level of the day when it fell 0.7%. The Nasdaq Composite gained 0.8% to 13,215.24 as investors bought the dip in tech shares. Facebook gained 4%, while Amazon and Netflix rose about 1.5% each.
The U.S. Chamber of Commerce has said corporations should be willing to donate to Republicans in Congress who voted against certifying the Electoral College victory of President Joe Biden on January 6.
In the wake of the Capitol right, some large corporations reconsidered donations to Republicans who had supported decertifying the votes that confirmed Biden as president. Companies that suspended political donations to objectors indefinitely included AT&T, Comcast, Amazon and Home Depot, according to a CNN report on February 21.
Other firms, like Lockheed Martin, Boeing and Raytheon Technologies, suspended donations to all federal candidates. Details about the companies’ plans
Watching Thursday’s news from Australia while it’s still Wednesday in the United States always feels like a time machine trick. And on this occasion Thursday’s news may really be a glimpse at the future for the rest of the world. Here is Laura Jayes’ breaking news report on the Murdoch-owned Sky News Australia channel on Thursday morning: “The Morrison government’s News Media Bargaining Code has just become law after unanimously passing Parliament a short time ago. It comes after the government struck an eleventh-hour deal with Facebook.”
It is a momentous occasion for both the news and tech industries. As
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