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Changes in transportation are changing society at a level we haven’t seen in over 200 years.

Go deeper

Dion Rabouin, author of Markets
Jan 28, 2021 - Economy & Business

U.S. indexes see worst day since October amid short squeeze chaos

Photo: Angela Weiss/AFP via Getty Images

Equity prices tumbled Wednesday, with U.S. indexes booking their worst day since October, but traditional hedging assets like Treasury bonds, the Japanese yen and gold saw minimal gains or losses, continuing a trend that has been in place for more than a year.

By the numbers: The S&P, Dow and Nasdaq all fell by more than 2%, but the benchmark 10-year U.S. Treasury yield declined by just 1 basis point from its closing level on Tuesday.

Dave Lawler, author of World
41 mins ago - World

Globetrotting climate envoy Kerry makes Biden team’s first visit to China

Illustration: Aïda Amer/Axios

John Kerry became the first senior Biden administration official to touch down in China this week. He's also been the first to sit down with a string of world leaders.

Why it matters: Kerry may no longer be secretary of state, but you'd be forgiven for thinking otherwise after a glance at his calendar. The unusual role could make Kerry a foreign policy force multiplier for President Biden, or potentially a source of mixed messages.