Market Archive

Dow Jones hits new intra-day high

The Dow Jones Industrial Average hit a new intra-day high in early Wednesday trading, climbing 111.90 points to 23,109.34. It came a day after the index broke through the 23,000 level for the first time, although it fell back to close below the milestone. Also on Wednesday, the wider S&P 500 index edged up 2.86 points to

‘Future city’ to be built in Canada by Alphabet company

Sidewalk Labs, owned by Google’s parent company, Alphabet, is to build a digital city in Toronto. It aims to turn a waterfront area into a working laboratory for a range of “smart” technology. It is likely to feature fast wi-fi availability, millions of sensors, sustainable energy and autonomous cars. Technology companies are touting their hardware

Rio Tinto charged with fraud by US authorities

British-Australian mining giant Rio Tinto and two of its former executives have been charged with fraud in the US, accused of hiding losses by inflating the value of African coal assets. It bought the Mozambique assets in 2011 for $3.7bn (£2.8bn) and sold them a few years later for $50m. The mining company has said

Men Are Finally Discovering That Diversity Is Good For Business

Women and people of color still hold few leadership positions at large American companies. Among the 500 highest-grossing firms, 6.4%have female CEOs. That’s up from 4.2% last year, but it means there are still only 32 female CEOs in the set. And not a single one of those women is African-American. Across S&P 500 companies, 21% of board members were

Will Trump Nuke Energy Markets?

President Trump’s administration shocked the utility world by proposing a rule late last month that would effectively socialize the costs of coal-fired and nuclear power plants in this country. Many of these plants are uneconomic or, at best, marginally economic right now because of low natural gas prices. They’re on the brink of closure. But