City

US stocks rise with the Nasdaq climbing more than 3% as risk assets rebound after days-long rout

5 days ago   |   By

A trader works on the trading floor at the New York Stock Exchange in Manhattan, New York City, U.S., December 28, 2021. Andrew Kelly/Reuters
The Nasdaq jumped over 3% as the major indexes regained some of their losses on a losing week of trading.
The Dow jumped as much as 545 points while crypto, oil and other risk assets rallied.
For the week, the Dow finished down 2.1%, the S&P 500 lost 2.4%, and the Nasdaq sank 2.8%.
US stocks ended Friday with steep gains, partly rebounding from an earlier rout, but the major indexes still closed the week with significant losses. For the week, the Dow...
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The New York Times Killed Its Wheels Blog. Long Live Wheels

The New York Times Killed Its Wheels Blog. Long Live Wheels

5 days ago   |   By

There was a time when The New York Times, which now says it has all of two reporters currently dedicated to the autos beat, actually cared about coverage of cars and the auto industry. They even had a blog, not unlike this one, called Wheels, that was staffed by smart editors and writers and which persisted for over a...
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