Check how a lot you realize about enterprise, the economic system and markets with our weekly markets quiz.
Which index fell on Monday after drugmaker Pfizer introduced its Covid-19 vaccine was 90% efficient?
The Nasdaq Composite lagged behind the Dow and S&P 500 on Monday and closed down 1.5%. The tech-heavy index is dropping out on the rally, as many tech shares that benefited throughout stay-at-home orders went into the red. Tech shares have been up throughout the pandemic, as a result of they benefited from individuals staying at dwelling and utilizing on-line providers. If the vaccine finally brings about an finish to the stay-at-home period, that could possibly be bearish for Amazon, Zoom, Netflix and the like.
This firm started testing its new hyperloop expertise on human passengers this week.
Virgin conducted the first ride on its take a look at observe final Sunday in Las Vegas, however it is going to be years earlier than the general public can probably take a high-speed trip on a hyperloop – an unproven transportation system wherein individuals journey in a car in a vacuum tube at speeds as excessive as 600 mph. The system contains magnetic levitation very like utilized in superior excessive pace rail initiatives in Japan and Germany.
Fill within the clean: Entire Meals and Progressive are providing ___ for turkeys for the primary time this Thanksgiving season?
This 12 months, Whole Foods is offering insurance coverage simply in case the cooking goes haywire. Along with Progressive, the market chain is providing “insurance coverage” within the type of a free $35 Entire Meals present card to clients who “commit a turkey cooking fail.” The thought was prompted by coronavirus restrictions forcing households to host smaller gatherings and, in some circumstances, having inexperienced cooks put together the demanding, multi-course meal.
Apple launched which one in every of these throughout its “One Extra Factor” occasion on Tuesday?
Apple on Tuesday unveiled its new MacBook Air, MacBook Professional and Mac Mini, its first powered by the M1 chip. The M1 is the corporate’s first in-house Mac chip, primarily based on the A-series chips it’s been utilizing in iPhones and iPads for years. Prepare dinner described it as “by far probably the most highly effective chip that we’ve got ever created.” John Hodgman additionally made a brief cameo reprising his mid-2000s function as a hapless “PC” from Apple’s outdated “Get a Mac” TV commercials.
Who hit america with $4 billion in new tariffs?
The European Union is transferring forward with tariffs on $4 billion worth of US goods. The World Commerce Group final month cleared the best way for tariffs to be imposed on American exports together with plane when it delivered a ruling in favor of the European Union as a part of a long-running dispute over US subsidies to Boeing and EU assist to rival planemaker Airbus. The European Fee mentioned the tariffs would come into impact on Tuesday.