On Thursday, prosecutors and defense lawyers laid out their closing arguments in the fraud trial of the founder of Theranos, the failed blood testing start-up. In what was effectively their last shot at convincing jurors, each side framed their arguments around the question of whether Ms. Holmes, 37, had deliberately […]
Month: December 2021
An accident-prone oil refinery in the U.S. Virgin Islands with a history of serious environmental violations could soon reopen under new ownership, despite strong objections from nearby communities, a litany of environmental scandals and a shaky financial outlook. After shutting down in 2012 and declaring bankruptcy in 2015, St. Croix’s […]
The Senate on Wednesday overwhelmingly passed a $768 billion defense policy bill that directs the president to create a “grand strategy” to address global economic and military threats posed by China. That vote came as news emerged that U.S. military commanders have created a software tool designed to predict how […]
Every December, Yahoo Finance selects a Company of the Year, based on its market performance and its achievements that particular year. In 2021, Microsoft (MSFT) took home the crown, smashing through the $2 trillion market capitalization mark and seeing a 53{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} surge in its stock price as of Dec. 16, […]
The U.S. housing market has been “bonkers” and is “still nuts” — words recently used by real estate guru Barbara Corcoran on Yahoo Finance Live. Since COVID-19 emerged, homes are being sold at a record clip and prices are skyrocketing across the nation. But the frenzy is especially magnified in […]
By Ana Swanson and Jeanna Smialek Jerome H. Powell, the chair of the Federal Reserve, suggested on Wednesday that the economy could achieve the central bank’s full-employment goal by next year, a development that could presage raising interest rates from their rock-bottom levels. Mr. Powell emphasized that a broad range […]