A Mercedes-Benz super lorry leaves the Daimler factory in Sindelfingen, Germany, 08 December 2015. Daniel Maurer | Getty Images Daimler Truck CEO Martin Daum revealed Friday that he’s more worried about the global semiconductor shortage than he is about the economic impact of the coronavirus pandemic. “I’m more concerned about semiconductors than Covid at the
In this article WRBY Co-CEOs, Neil Blumenthal & Dave Gilboa of Warby Parker at the NYSE, September 29, 2021. Source: NYSE Warby Parker reported Friday that its third-quarter revenue rose 32% from year-ago levels, but its losses widened as costs associated with its recent direct listing and stock-based compensation ate into sales. The eyeglasses maker’s
In this article NVDA HPE RIVN JNJ RIDE MAPS Check out the companies making headlines before the bell: Johnson & Johnson — Shares of Johnson & Johnson rose nearly 4% in premarket trading on Friday after announcing plans to split its consumer health business off from its pharmaceutical and medical device operations. Rivian Automotive —
Sotheby’s auctioneer Oliver Barker leads an auction of works by Pablo Picasso from the MGM Resorts Fine Art Collection on Oct. 23, 2021. Ronda Churchill | AFP | Getty Images Yieldstreet is launching a fund to allow retail investors to buy into a portfolio of artworks, aiming to capitalize on the soaring prices and demand
ronnachaipark | iStock | Getty Images You’re not imagining the growing pinch to your budget from the cost of your workplace health insurance. Over the last decade, family premiums for employer-sponsored coverage have jumped 47%, according to a report from the Kaiser Family Foundation. That rate outpaces both wage growth (31%) and inflation (23%) over
President Biden’s Build Back Better agenda has changed several times in the past few months. In September, the House Ways and Means Committee released a draft that included $3.5 trillion in spending and tax credits, paired with roughly $2.1 trillion in tax increases (resulting in a net tax increase of about $1 trillion). On October
CNBC’s Jim Cramer said Thursday he believes fears that the U.S. economy is headed for a period of stagflation should be put to rest after a series of impressive retail earnings reports. Stagflation is a term used to describe slow economic growth at a time of high inflation. It was initially spotted in the 1970s,
The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Commercial production and deliveries of Lordstown Motors‘ first product, an all-electric pickup called the Endurance, are once again being pushed back, the company said
A trader works on the floor of the New York Stock Exchange (NYSE) November 8, 2021. Brendan McDermid | Reuters U.S. stock futures were steady in overnight trading on Wednesday following a tech-driven sell-off on Wall Street. Dow futures fell just 19 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures rose 0.05%. Disney
You’ve seen the pictures: The Eiffel Tower with sky ablaze in brilliant color. The Taj Mahal with no tourists. Lakes with perfectly mirrored mountain reflections. Unfortunately, the photos often have been doctored. Many places can’t live up to the expectations set by photography that has been filled, brushed, blurred, and balanced to a flawless finish.
A view from a petrol station shows gas prices over $4, in Arlington-Virginia, United States on October 30, 2021. Yasin Ozturk | Anadolu Agency | Getty Images Stagflation fears have plagued investors in recent months, as prices start to rise in an economy that hasn’t quite picked up pace yet. But investors can employ a
An Everest College location in Woodbridge, Virginia. SIPA | AP Cerena Jones served in the U.S. Air Force from 2000 to 2005, and not long after used her G.I. Bill to attend Everest College in Dallas. Getting her associate’s degree in business administration, she hoped, would be the beginning of a long career. She soon
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Odell Beckham Jr. #13 of the Cleveland Browns warms up before a game against the Denver Broncos at FirstEnergy Stadium on October 21, 2021 in Cleveland, Ohio. Emilee Chinn | Getty Images Sport | Getty Images Odell Beckham Jr. has a new team. The National Football League wide receiver agreed to a deal with the
In this article AMZN AFRM Drew Angerer / Getty Images Shares of Affirm, the digital “buy now, pay later” company, soared as high as 30% in after-hours trading Wednesday, after the company said it would expand its partnership with Amazon. The company also beat analyst estimates on revenue in the fiscal first quarter. Here’s how
MoMo Productions | Stone | Getty Images Market conditions are pressuring the 4% rule, a popular rule of thumb for retirees to determine how much money they can live on each year without fear of running out later. Withdrawing money from one’s nest egg is among the most complex financial exercises for households. There are
In this article RIVN After its first two days of trading in 2010, electric vehicle maker Tesla had a market cap of just over $2 billion. R.J. Scaringe, the CEO of EV manufacturer Rivian, is worth that much on his own after his company’s second day on the public market. Rivian shares popped 57% in
In this article FOUR Inspiration4 mission commander Jared Isaacman, founder and chief executive officer of Shift4 Payments, stands for a portrait in front of the recovered first stage of a Falcon 9 rocket at Space Exploration Technologies Corp. Patrick T. Fallon | AFP | Getty Images Shares of payments processing company Shift4 surged in trading
d3sign | Moment | Getty Images American consumers are already suffering sticker shock from prices on grocery store shelves and at the gas pump. Now, data for October shows inflation was even higher last month than some experts had projected. The Consumer Price Index, which measures the average change in prices over time, climbed 6.2%
Frederic J. Brown | AFP | Getty Images For Stacey Foley, refinancing her mortgage was a no-brainer. After paying roughly 4.25% in interest on her existing home loan, refinancing at 3.25% with limited closing costs has saved her $200 monthly. “Two hundred dollars doesn’t sound like a lot of money, but over a year it