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The Nasdaq ended sharply lower on Wednesday after investors sold high-flying technology shares and pivoted to sectors that stand to benefit from an economic recovery.The Dow and S&P 500 also fell.. with Microsoft, Apple and Amazon weighing on the S&P more than any other stocks. Meanwhile, government bond yields ticked higher -- reflecting investors' optimism about the economy, but hurting growth stocks, which have relied on easy money borrowing to fuel their rise.JJ Kinahan, chief market strategist at TD Ameritrade says investors are weighing the impact of higher bond yields and what they mean for stocks. "I think where we’re really heading is people trying to figure out what to do right now and what I mean by that is you saw the sharp increase in bond yields over the past few weeks and at the same time, what’s been tough for people to figure out is that there have been many days where bond yields are higher and so are stocks. Or bond yields go lower and so do stocks. That’s not a normal relationship. So what that tells me is that there is an adjustment of assets." While tech fell, travel stocks, including American Airlines and Carnival Cruises, jumped more than 3%Meanwhile Lyft bucked the tech trend, rising more than 8% after the ride-sharing company reported strong February ride figures and said it’s seeing ride-sharing recover sooner than expected.Its optimism also helped lift shares of its rival, Uber.
Republicans in 43 states have introduced more than 250 bills restricting voting rights, underscoring urgency in Congress to pass sweeping elections legislation, Alex Woodward reports
The National Park Service said they believe they have found the body of a missing Northern Kentucky man in the Grand Canyon.
At least 19 Myanmar police officers have crossed the border into India in the latest sign of growing dissent within the security forces and civil service officials who are opposed to the military coup. The first reported case of police fleeing the country came as one of the country’s top diplomats resigned from his post at the United Nations after being promoted to the role of ambassador by the junta. Tin Maung Naing, the deputy envoy, refused to take over from Kyaw Moe Tun, the current ambassador, who was fired last week by the generals after he urged countries at the 193-member UN General Assembly to use “any means necessary” to reverse the coup that ousted the nation’s elected leader Aung San Suu Kyi. In Washington, Myanmar’s embassy also signalled a break with the military regime on Thursday, issuing a statement decrying the deaths of civilians protesting the coup and calling on authorities to “fully exercise [the] utmost restraint.” In Myanmar’s capital Naypyitaw last month, nine ministry of foreign affairs officials were arrested after they joined a Civil Disobedience Movement (CDM) which aims to prevent the military from being able to govern the country by organising nationwide strikes. Thousands have joined the CDM, which was initially started by the medical profession, but has now picked up bankers, civil servants and small pockets of police officers.
Social media has exposed long-standing hatred — and helped Asian Americans organize against it.
All Senate Republicans voted against even starting debate on the $1.9 trillion measure on Thursday.
Wisdom is believed to have had more than 30 chicks in her life so far, and several partners.
The FBI on Thursday arrested former State Department aide Federico Klein, a Trump appointee who worked on the former president's 2016 campaign, on charges related to the Jan. 6 storming of the Capitol, according to a court filing.Why it matters: The 42-year-old Klein is the first member of the Trump administration to be arrested in connection with the insurrection, which led to the former president's second impeachment and charges against over 300 people.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeDetails: Prior to resigning from the State Department on Jan. 19, Klein — whose arrest was first reported by Politico — worked in the Office of Brazilian and Southern Cone Affairs and possessed a "Top Secret" security clearance that was renewed in 2019, according to the FBI affidavit.Surveillance video from Jan. 6 allegedly captured Klein attempting to enter a Capitol tunnel with a mob of rioters. Police body cameras showed that Klein "physically and verbally engaged with the officers holding the line, thereby affecting their ability to disperse the crowd," according to the affidavit.Body camera and open-source footage captured Klein violently shoving a riot shield taken from an officer and "inciting the mob" — including by calling for "fresh people" at the front of the crowd — in his attempts to breach the police line.The bottom line: Klein was arrested on charges that include unlawful entry, violent and disorderly conduct, obstructing Congress and law enforcement, and assaulting an officer with a dangerous weapon.Read the full affidavit. Like this article? Get more from Axios and subscribe to Axios Markets for free.
A Hong Kong judge kept 47 pro-democracy activists in custody on Thursday after four days of bail hearings in a case that has drawn global concern that Beijing is using a national security law to crush dissent. Thirty-two defendants were denied bail by chief magistrate Victor So, while 15 were granted bail but still kept in custody after government prosecutors said they would appeal against that decision. The case is the most sweeping use yet of the city's new national security law, which imposes punishments of up to life in prison for serious charges including subversion.
Federico Klein, a former State Department aide, was picked up Thursday on charges stemming from the Jan. 6 takeover of Congress.
"It just makes me feel like I don't exist," Chloe Savage, who worked on Kate Middleton's and Meghan Markle's wedding dresses, told Insider.
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Senate Democrats want to make the larger tax credit permanent and give families an option to receive monthly checks. Biden wants a permanent one too.
Alabama, Texas and Mississippi are joining more than a dozen other states in easing mask mandates even as COVID-19 continues to spread.
"Gone With the Wind," "Psycho" and "Breakfast at Tiffany's" are among the classic films that TCM will air and reconsider in its new series "Reframed."
Charles McQuillan/Getty ImagesAt least ten former staffers who worked for Meghan Markle and Prince Harry are “queuing up” to cooperate with an investigation ordered by the queen into allegations that Meghan bullied her staff, it was claimed Thursday evening.The claim was made in the British newspaper the Mirror and is likely to be taken seriously as it was made by well-sourced royal reporter Russell Myers.Sources connected to the group, who have been assured of confidentiality as the investigation continues, said the staffers were considered to be “hugely professional and proud of their efforts” while working at Kensington Palace.One source told The Mirror, “A group of people are queuing up to be involved. They have been silent for too long and there is much to talk about.”Meghan Markle Dismisses Bullying Allegations as Pre-Oprah ‘Calculated Smear Campaign’It came after a report in the Daily Mail said that some alleged victims of workplace bullying by Meghan dub themselves the “Sussex Survivors Club” and are believed to be suffering a form of post-traumatic stress.The paper’s royal reporter Rebecca English said that during a royal tour in Fiji, “I witnessed Meghan turn and ‘hiss’ at a member of her entourage, clearly incandescent with rage about something, and demand to leave. I later saw that same—female—highly distressed member of staff sitting in an official car, with tears running down her face. Our eyes met and she lowered hers, humiliation etched on her features.”A bombshell report in The London Times Tuesday said that Meghan systematically bullied members of the staff and that her head of communications, Jason Knauf, was so appalled by Meghan’s behavior that he put his concerns in writing to his superiors. That email was leaked to The Times.Buckingham Palace responded by ordering a full investigation into the bullying claims.Meghan’s camp has been keen to point out that the complaints raised by Knauf were dropped. However, the Mirror’s source said, “The complaint was considered and those members of staff were spoken to and given the option of taking it further. For whatever reason, they decided not to, possibly because they were still in their job and they were worried about the implications.”A source close to the Sussexes told the Mirror of the palace probe: “The first we heard about this was via the press—this is a whole tit-for-tat scenario... it’s very hard to know what the process is. If this was a private company, we’ve effectively already been fired and I’m not entirely sure what any process could be.”A spokesperson for Meghan and Harry declined to comment to The Daily Beast.Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
“He is communicating in a way that’s almost impossible to trace, which makes it extremely difficult for investigators to generate significant leads.”