SACRAMENTO, Calif. — California Gov. Gavin Newsom on Tuesday became the second governor in U.S. history to defeat a recall aimed at kicking him out of office early, a contest the Democratic governor crafted as part of national battle for his party’s values in the face of the coronavirus pandemic and lingering threats from “Trumpism.”

The victory cements Newsom as a prominent figure in national Democratic politics and preserves his prospects for a future U.S. run. It also ensures the nation’s most populous state will remain in Democratic control as a laboratory for progressive policies on immigration, climate change, representation and inequality.

President Joe Biden on Wednesday will announce a new effort with the U.K. and Australia to share advanced defense technologies in a bid to counter China, according to reports from Politico report and Australia's ABC News. The White House said Biden is due to speak at 5 p.m. Eastern on a "national security initiative," and he will be joined virtually by U.K. Prime Minister Boris Johnson and Australian Prime Minister Scott Morrison.

In the run up to next week’s Federal Reserve policy meeting, the timing of future interest rate hikes is drawing the attention of bond traders and analysts.

While the anticipated tapering of the Fed’s bond purchases this year has dominated much of the discussion so far, it’s the interest-rate outlook from the Fed that is likely to provide new information and may be market-moving.

It’s been well-documented that Americans are paying more for food, gas, and other essentials this year as inflation has hit a 13-year high, but last month consumers saw price increases show up in some more unusual spots.

Namely, after months of used or new cars experiencing the highest montly price changes of any product, they were dethroned in August.

Boston Properties, one of the world’s biggest office landlords, is looking to raise fresh debt on Wednesday through a 12-year green bond financing.

The company owns and develops iconic real estate in major U.S. cities and beyond, including San Francisco’s Salesforce Tower, and expects to use proceeds from Wednesday’s financing to repay outstanding corporate debt coming due and to fund or refinance eligible U.S. green projects.

SkyBridge Capital’s Anthony Scaramucci on Wednesday implied that developments in crypto markets could leave regulators in the dust if they don’t move to quickly provide rules for the nascent digital-asset sector.

“If they are going to regulate it they better do it quickly,” Scaramucci told CNBC about crypto, during an interview on the sidelines of a financial markets conference, known as SALT, in New York hosted by SkyBridge.

and Blue Origin trips in its space dust. 

The Inspiration4 mission is poised to send four civilians into Earth’s orbit on Wednesday night, aiming for a maximum altitude of 357 miles, which is about 80 miles higher than the international Space Station.

My wife and I are Americans living in London. We currently rent, mainly because London real estate is hugely expensive but also because we know London is not our long-term future. In the next year or so, we have plans to move back to the U.S., where we’ll purchase a house and start settling down a bit.

My wife and I are in our mid-30s. We have no kids and no desire to have a family, and we’re currently sitting on about $580,000 in our investment portfolio. This amount does not include our retirement savings.  

Some investors might feel guilty about making money on fossil fuels, but the table appears set for more gains in energy-stock prices.

Take a look at this chart showing price movement for continuous forward-month West Texas intermedia crude oil CL00,

SACRAMENTO, Calif. — California Gov. Gavin Newsom on Tuesday became the second governor in U.S. history to defeat a recall aimed at kicking him out of office early, a contest the Democratic governor crafted as part of national battle for his party’s values in the face of the coronavirus pandemic and lingering threats from “Trumpism.”

The victory cements Newsom as a prominent figure in national Democratic politics and preserves his prospects for a future U.S. run. It also ensures the nation’s most populous state will remain in Democratic control as a laboratory for progressive policies on immigration, climate change, representation and inequality.

Chairman of the Joint Chiefs of Staff Milley, concerned about actions Trump could take in remainder of lame-duck period, said to have offered reassurances to China and sought oath among U.S. military brass that war-making protocols would be adhered to

The biggest hospital in Alaska has joined hospitals in northern Idaho in starting to ration care, as it has become overwhelmed by COVID-19 patients driven by the highly transmissible delta variant, forcing people with other medical issues to wait for hours for treatment.

Providence Alaska Medical Center in Anchorage is now operating under “crisis standards of care,” the New York Times reported, meaning it is carefully allocating resources that may cause some patients to receive substandard care.

Even after an 18-month pause, the show must go on.

Several Broadway productions are reopening this month, a crucial step in New York City’s road to recovery from the COVID-19 pandemic. On Tuesday, the Great White Way welcomed back such fixtures as “Hamilton,” “The Lion King,” “Wicked” and “Chicago.”

Frances Ballantyne, a 97-year-old born into the Great Depression and moved to New York during World War II joins Quentin Fottrell, MarketWatch's personal finance editor to share her life experience, her mistakes and smart money moves, how she has weathered crises and has been able to live comfortably.

Some investors might feel guilty about making money on fossil fuels, but the table appears set for more gains in energy-stock prices.

Take a look at this chart showing price movement for continuous forward-month West Texas intermedia crude oil CL00,

The biggest hospital in Alaska has joined hospitals in northern Idaho in starting to ration care, as it has become overwhelmed by COVID-19 patients driven by the highly transmissible delta variant, forcing people with other medical issues to wait for hours for treatment.

Providence Alaska Medical Center in Anchorage is now operating under “crisis standards of care,” the New York Times reported, meaning it is carefully allocating resources that may cause some patients to receive substandard care.

Frances Ballantyne, a 97-year-old born into the Great Depression and moved to New York during World War II joins Quentin Fottrell, MarketWatch's personal finance editor to share her life experience, her mistakes and smart money moves, how she has weathered crises and has been able to live comfortably.

President Joe Biden on Wednesday was reportedly scheduled to meet with Sens. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona, two moderate Democrats whose objections to the size of a proposed package of social and environment initiatives has thrown serious obstacles in its path. The Associated Press said Biden would meet separately with the two lawmakers. As the Hill, which also reported on the meetings, notes, both moderate Democrats have balked at Democratic leaders' top-line spending target of $3.5 trillion.

The biggest hospital in Alaska has joined hospitals in Northern Idaho in starting to ration care, as it has become overwhelmed by COVID-19 patients driven by the highly transmissible delta variant, forcing people with other medical issues to wait for hours for treatment.

Providence Alaska Medical Center in Anchorage is now operating under “crisis standards of care,” the New York Times reported, meaning it is carefully allocating resources that may cause some patients to receive substandard care.

Investing and trading are two completely different activities. If you are new to either or haven’t delved into the mechanics of short-selling, it’s important to understand how this type of high-stakes trading can influence stock prices, even if you have no intention of doing it yourself.

Shorting a stock is one of the riskiest things you can do as an investor. But the meme-stock craze — essentially playing the other side of short trades — can be nearly as risky because of the wild swings in share prices.  

Investing and trading are two completely different activities. If you are new to either or haven’t delved into the mechanics of short-selling, it’s important to understand how this type of high-stakes trading can influence stock prices, even if you have no intention of doing it yourself.

Shorting a stock is one of the riskiest things you can do as an investor. But the meme-stock craze — essentially playing the other side of short trades — can be nearly as risky because of the wild swings in share prices.  

U.S. inflation didn’t run as hot as expected in August, but remains elevated and a source of worry for investors and policy makers. But by itself, a jump in inflation is hardly ever enough to derail a bull market in stocks, according to a top Wall Street technician.

“We can’t find much evidence that spiking inflation figures are bearish for equities,” said Jeff deGraaf, founder of Renaissance Macro Research, in a Wednesday note.

The numbers: U.S. industrial production rose 0.4% in August after a revised 0.8% gain in the prior month, the Federal Reserve reported Wednesday.

The gain was below economist expectations of a 0.5% gain, according to a survey by the Wall Street Journal.

The Fed said that late month shutdowns related to Hurricane Ida held down production by 0.3 percentage point.

Ray Dalio, billionaire investor and founder of Bridgewater Associates, the world’s largest hedge fund, said that the more successful that bitcoin becomes, the more likely that it will get neutralized by governments and regulators supporting traditional monetary systems.

In an interview with CNBC on Wednesday, Dalio reiterated comments that he has made in the past, repeating that governments have the power to undercut the growth of the nascent cryptocurrency market, including bitcoin BTCUSD,