Dow Jones win streak longest since 1987
Wall Street notched another set of milestones as the Dow Jones industrial average closed at a record high for the 12th consecutive time, the longest winning streak for the 30-company average in 30 years.
The Standard & Poor’s 500 index, the benchmark favored by professional investors, also closed at a record high.
The latest push into the record books came on an indecisive day for U.S. stocks that sent indexes wavering between small gains and losses for much of the day.
Billionaire confirmed as Commerce secretary
Wilbur Ross, the billionaire investor who will play a leading role in President Donald Trump’s revamping of the North American Free Trade Agreement, easily won Senate confirmation Monday night to be the administration’s Commerce secretary.
Unlike some other Trump nominees who faced intense opposition from Senate Democrats, Ross had a relatively smooth confirmation hearing and cleared the full Senate 72-27.
Oscars mistake challenges PwC accounting reputation
For 82 years, global accounting and consulting firm PwC has enjoyed the reputational boon it got from leading the balloting process at the Academy Awards. Now that hard-won reputation of ensuring fair play is under threat after a colossal mistake at the 89th Academy Awards on Sunday night when legendary actors Faye Dunaway and Warren Beatty wrongly presented the top prize to “La La Land,” instead of “Moonlight.”
New terminal starts at Los Angeles airport
Construction has begun on a new $1.6 billion terminal at Los Angeles International Airport. Mayor Eric Garcetti and other city leaders helped break ground Monday on the Midfield Satellite Concourse, which will connect to the Tom Bradley International Terminal via an underground tunnel. The 750,000-square-foot terminal will include 12 gates and a new baggage system, as well as restaurants and shops. It’s scheduled to be completed in 2019.