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Biden to pause oil and gas leases, cut subsidies in climate action

President Joe Biden was set on Wednesday to sign executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies as he pursues green policies in stark contrast to those of his predecessor Donald Trump.

Dow, S&P 500 sink 1% on Boeing results, short squeeze

The Dow and the S&P 500 slid more than 1% on Wednesday as Boeing slumped on posting a record annual loss, while declines were exacerbated by hedge funds selling off long positions to cover a short squeeze sparked by a sharp rally in GameStop and AMC.

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