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Dow makes major comeback after morning losses

Traders and financial professionals work on the floor of the New York Stock Exchange . Photo: Drew Angerer/Getty Images)

The Dow closed up nearly 750 points from Wednesday's lows, erasing morning losses on fears of a trade war with China after representatives from the Trump administration suggested that there could be a negotiated solution to the tariff proposals.

Why it matters: The swing marks a third volatile day in the market after stocks took a hit amid issues in the tech sector and China’s tariffs announcement.

Go deeper

Axios
14 mins ago - Economy & Business

United CEO is confident people will feel safe traveling again by 2022

Axios' Joann Muller and United CEO Scott Kirby. Photo: Axios

United Airlines CEO Scott Kirby believes that people will feel safe traveling again by this time next year, depending on the pace of vaccinations and the government's ongoing response to the pandemic, he said at an Axios virtual event.

Why it matters: Misery for global aviation is likely to continue and hold back a broader economic recovery if nothing changes, especially with new restrictions on international border crossings. U.S. airlines carried about 60% fewer passengers in 2020 compared with 2019.

Go deeper (<1 min. read)Arrow
Zach Dorfman of the Aspen Institute, author of Codebook
33 mins ago - Technology

The risks and rewards of charging state-backed hackers

Illustration: Sarah Grillo/Axios

Last week’s stunning indictment of three North Korean hackers laid bare both the advantages and drawbacks of the U.S. government’s evolving strategy of using high-profile prosecutions to publicize hostile nation-state cyber activities.

Why it matters: Criminal charges can help the U.S. establish clear norms in a murky and rapidly changing environment, but they may not deter future bad behavior and could even invite retaliation against U.S. intelligence officials.

Go deeper (2 min. read)Arrow
Barak Ravid, author of from Tel Aviv
43 mins ago - World

Scoop: Netanyahu asked Biden to keep Trump's sanctions on International Criminal Court

ICC chief prosecutor Fatou Bensouda. Photo: Bas Czerwinski/ANP/AFP via Getty

Netanyahu asked Biden in their first phone call last week to keep sanctions imposed by the Trump administration on the International Criminal Court (ICC) in place, Israeli officials tell me.

Why it matters: Israeli officials are concerned that removing the sanctions would hamper Israel's efforts to stop a potential war crimes investigation into Israel, and that the court's prosecutor could see it as a signal that the U.S. isn't firmly opposed to that investigation.

Go deeper (1 min. read)Arrow