BUSINESS & ECONOMY

The stock market swung dramatically up and down on Wednesday, ending about where it started the day — after record losses earlier in the week. President Trump's top economic adviser says it's important to keep the volatility in context.

"The fact is that the fundamentals for the economy are very sound," Kevin Hassett says in an interview with NPR. "Wages are going up a lot. Even in the employment report that came out last week, we saw the highest rate of wage growth in about a decade."

Casino mogul Steve Wynn speaks with the press about his casino project, now called Wynn Boston Harbor, in Everett, in a file photo.
Jesse Costa / WBUR

Casino mogul Steve Wynn has resigned as chairman and CEO at Wynn Resorts amid sexual misconduct allegations.

Wynn Resorts said Tuesday the resignation is effective immediately.

A key Vermont Senate committee has given its approval to legislation increasing the state minimum wage to $15 an hour over a 6-year period. 

Jersey dairy cows feed at Mapleline Farm in Hadley, Massachusetts.
File photo / The Republican / MassLive.com/photos

For dairy farms in New England, the outlook for milk prices is not good this year. The stress has been tied to suicides among dairy farmers.

Two new developments may slow down or ultimately halt efforts to construct the proposed third Connecticut casino in East Windsor.

Updated at 5:15 p.m. ET

The stock market finished the day sharply higher, but only after another session of wild price swings.

The Dow Jones industrial average closed at 24,912.77, an increase of 567 points, or 2.3 percent. But it began the day down sharply, with triple-digit losses.

Other major U.S. stock indexes also rebounded Tuesday, with the S&P 500 finishing up 46 points, or 1.7 percent, and the Nasdaq up 148 points, or 2.1 percent.

Public comment underway on draft marijuana laws for Massachusetts. The first session held by the Cannabis Control Commission took place at Berkshire Community College in Pittsfield, Massachusetts, on Monday, February 5, 2018.
Adam Frenier / NEPR

The Massachusetts Cannabis Control Commission held its first day of public listening sessions Monday in Pittsfield and Holyoke. The board is asking for feedback on proposed regulations for the state's marijuana industry.

Updated at 4:55 p.m. ET

The stock market went on a wild ride again on Monday, with the Dow Jones industrial average closing down 1,175 points, its worst point drop in history. The Dow closed down 4.6 percent and turned negative for the year.

At one point Monday afternoon, the Dow was down 1,579 points — the largest intraday point drop in the history of the index.

Federal regulators say they want more information about the proposed merger between health insurer Aetna and pharmacy chain CVS. Antitrust experts at the Department of Justice have issued what’s known as a second request for information about the $69 billion deal. 

Updated at 11:17 a.m. ET

Health care costs are "a hungry tapeworm on the American economy," Berkshire Hathaway Chairman and CEO Warren Buffett says, and now his firm is teaming up with Amazon and JPMorgan Chase to create a new company with the goal of providing high-quality health care for their U.S. employees at a lower cost.

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