Mexican avocados are seen for sale at a market in Mexico City on February 15, 2022. Pedro Pardo | AFP | Getty Images The U.S. Department of Agriculture announced Friday that imports of Mexican avocados could resume after a brief pause. A week ago, one of the USDA’s Animal and Plant Health Inspection Service inspectors
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In this article DKNG Shares of DraftKings fell more than 20% Friday morning after it posted fourth-quarter earnings that beat analyst estimates for the quarter but revealed the company expects a greater adjusted loss for 2022 than analysts had projected. Here’s what the company reported: Loss per share: 35 cents, ex-items vs 81 cents estimated,
In this article SPCE ROKU BLMN DLTR SHAK Scott Olson Check out the companies making headlines in midday trading. Roku — Roku shares were down nearly 25% after the company reported revenue for the most recent quarter that fell short of analysts’ forecasts. Roku also issued a weaker-than-expected outlook due to higher component prices and supply
French luxury goods brand Hermes said Friday it has “no strategy” to significantly increase prices or expand production of its prized products despite disappointing fourth quarter results which saw supply fail to meet demand. Speaking to CNBC, CEO Axel Dumas said the company’s hand-crafted production model means it is less exposed to inflationary pressures, such
A SpaceX Falcon 9 rocket and Dragon spacecraft ahead of the Inspiration4 mission in Merritt Island, Florida, U.S., on Wednesday, Sept. 15, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Elon Musk’s SpaceX is splitting the value of its common stock 10-for-1, CNBC has learned, with the company’s valuation having soared to more than
PeopleImages | iStock | Getty Images There was a time not too long ago when holding “AMT-free” municipal bond funds might have made perfect sense for many investors. These days? Maybe not so much. With a small share of taxpayers subject to the alternative minimum tax, or AMT, since a federal tax overhaul took effect
Millions of Americans are quitting their jobs and rethinking what they want when it comes to work and work-life balance. Companies are responding, meeting their employees’ needs in areas like remote work, flexible hours, four-day workweeks, compensation and more. This story is part of a series looking at the “Great Reshuffle” and the shift in
Many older Americans like to ease into being an ex-worker — but you need to think carefully about just how to get there. Pat Sterner, who runs her own business consulting for nonprofits in Duluth, Minn., would love to retire and spend more time kayaking on Lake Superior. In the summer, she says, her neighbors
Mike Reynolds, 76, started building “earthships” in Taos, New Mexico, more than half a century ago. For many years, most people thought he was nuts. Why is this idiot using garbage to build with, and why is this idiot trying to make buildings that don’t need utilities?” said Reynolds, summarizing what people thought of him.
Patients lie in hospital beds waiting for medical treatment at a temporary shelter outside the Caritas Medical Center in Hong Kong, China, on February 16, 2022. Leung Man Hei | NurPhoto | Getty Images Hong Kong needs to protect its health-care system, which is under tremendous stress right now due to a spike in coronavirus
In this article KER-FR Shoppers wait in line to enter a Gucci store on Fifth Avenue in New York, U.S., on Saturday, May 22, 2021. Victor J. Blue | Bloomberg | Getty Images LONDON — The chief executive of French luxury group Kering expects fashion label Gucci to continue to deliver growth for the company
The Great Hall of the People is seen after the closing meeting of the fourth session of the 13th National People’s Congress (NPC) on March 11, 2021 in Beijing, China. VCG | Visual China Group | Getty Images BEIJING — Chinese President Xi Jinping told top leaders to speed up work on new laws for
In this article TMO Millions of people are now vaccinated, boosted and newly recovered from Covid-19 infections caused by the omicron variant. They have what some outside the medical community have labeled “super immunity.” And many are ready to see the world again. Though the term carries an air of invincibility, medical experts disagree about
Westend61 | Westend61 | Getty Images Long-term care expenses are growing, with sizable hikes for home-based services as the industry struggles to meet soaring demand from aging Americans. That’s according to Genworth’s 2021 Cost of Care Survey, a yearly report covering nationwide senior caregiving. While the median yearly costs rose across all provider types, home-based
A man walks to his friend’s home in a neighbourhood without electricity as snow covers the BlackHawk neighborhood in Pflugerville, Texas, U.S. February 15, 2021. Bronte Wittpenn | Austin American | Rueters In 2021, there were 20 climate disasters that each resulted in losses of at least $1 billion in the U.S., according to NOAA.
A COVID-19 testing location is shown set up on the sidewalk in downtown Los Angeles, California, November, 16, 2021. Mike Blake | Reuters California on Thursday laid out a plan that manage Covid as a permanent aspect of life, anticipating future surges and new variants that may require public health measures such as facemasks depending
In this article WMT A shopper carries a bag outside a Walmart store in San Leandro, California, on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Walmart will report fourth-quarter earnings before the bell on Thursday, as investors look for clues about how shoppers are responding to inflation. Here is what
Traders on the floor of the NYSE, Feb. 17, 2022. Source: NYSE Stock futures were flat in overnight trading Thursday following the Dow Jones Industrial Average’s worst day of 2022 as investors dumped risk assets amid geopolitical concerns. Futures on the blue-chip Dow were up by 30 point. S&P 500 futures and Nasdaq 100 futures
Prasit photo | Moment | Getty Images The U.S. wealth management industry is poised to grow by about 5% annually over the next five years, while certain segments of the investor population are positioned to see the biggest boost, according to a new report from McKinsey & Company. Three investor sub-groups, in particular, are showing
Circle, the firm behind the stablecoin USDC, has doubled its valuation to $9 billion following a new deal with blank-check company Concord Acquisition Corp. The two companies first revealed their plans to merge in July, in a deal that at the time valued Circle at just $4.5 billion. They have now updated the terms of