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Money & Markets

Russia war ends era of globalization that kept inflation low

For decades, the free flow of trade across much of the world allowed the richest nations to enjoy easy access to low-priced goods and supplies. It meant solid economies and stable markets. And for households and businesses, especially in the United States and Europe, it meant an entire ...

Tesla seeks 2nd stock split in less than 2 years

NEW YORK — Shares of Tesla jumped at the opening bell Monday after the electric car maker announced its second stock split in less than two years. The company said in a regulatory filing, and also in a tweet, that it plans to make a request at an upcoming annual shareholders meeting to ...

Pandemic relief money spent on hotel, ballpark, ski slopes

WASHINGTON — Thanks to a sudden $140 million cash infusion, officials in Broward County, Florida, recently broke ground on a high-end hotel that will have views of the Atlantic Ocean and an 11,000-square-foot spa. In New York, Dutchess County pledged $12 million for renovations of a minor ...

New corporate climate change disclosures proposed by SEC

WASHINGTON — Companies would be required to disclose the greenhouse gas emissions they produce and how climate risk affects their business under new rules proposed Monday by the Securities and Exchange Commission as part of a drive across the government to address climate change. Under the ...

As gas prices rise, towns add electric car charging stations

ASBURY PARK, N.J. — A wave of new electric vehicle charging stations across the country is coming as interest in alternatives to gasoline-powered vehicles is on the rise and could heighten further due to a global spike in gasoline prices. Though most of the plans were in the works before ...

Powell says Fed will hike rate further and faster if necessary

WASHINGTON — Chair Jerome Powell said Monday that the Federal Reserve would raise its benchmark short-term interest rate faster than expected, and high enough to restrain growth and hiring, if it decides this would be necessary to slow rampaging inflation. Powell’s message was more ...