The richest of the rich are polluting the world and driving climate change, while the poorest of the poor suffer the greatest consequences, according to a new report published Monday by Oxfam International. The richest 1% of the global population have used two times as much carbon as the poorest 50% over the last 25
Month: January 2021
Dado Ruvic | Reuters Futures contracts tied to the major U.S. equity indexes ticked higher during the overnight session Tuesday as Wall Street pored over earnings results from Microsoft and awaited similar updates from Apple, Facebook and Tesla due Wednesday. Nasdaq-100 futures outperformed with a gain of about 67 points, or 0.5%. Dow futures held
Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Viva Technology conference in Paris, France, on Thursday, May 24, 2018. Viva Tech, a three-year-old event for startups, gathers global technology leaders and entrepreneurs as the French establishment unites behind a push for more tech investment in Paris. Marlene Awaad | Bloomberg | Getty
Starbucks Chief Operating Officer Rosalind Brewer will replace Stefano Pessina as CEO of Walgreens, according to The Wall Street Journal. Starbucks announced Brewer’s departure earlier Tuesday, saying she was leaving at the end of February for a CEO position at an undisclosed publicly traded company. Officials from Walgreens weren’t immediately available to comment, on the
For anyone that works, commuting might just be the worst part of the day. So with WFH and less time commuting, could we see a drastic change in the cities we live in? #WFH #FutureOfWork #BloombergQuicktake ——– Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 QuickTake Originals is Bloomberg’s official premium video channel. We bring you insights and
Richard Branson sits down with CNN’s Christine Romans after Elon Musk’s Falcon Heavy SpaceX launch last week. Branson expects Virgin Galactic to be in space with people on board within the next few months.
Houston Texans safety Michael Thomas has been nominated for Walter Payton NFL Man of the Year. Source: The Houston Texans Houston Texans safety Michael Thomas may not get a Super Bowl ring this year — but he has long been getting kudos for his work off the field. A champion of social justice and financial
Ramin Talaie | Bloomberg | Getty Images GameStop is popping again after a wild session, pushing the stock back above $100 briefly, but short sellers betting against the videogame retailer are nowhere near letting up. Shares of GameStop last jumped more than 20% to around $92 in premarket trading on Tuesday after hitting triple digits
More than 150 world leaders, including Amazon boss Jeff Bezos, Salesforce CEO Marc Benioff and Ford Motor Company executive chairman Bill Ford, signed an open letter to President Joe Biden to pledge their support to the new administration’s goals to combat climate change. In particular, the open letter, released Sunday, underscored the potential job growth
Take a look at some of the biggest movers in the premarket: American Express (AXP) – The financial services giant reported fourth-quarter earnings of $1.76 per share, compared to a consensus estimate of $1.31 a share. Revenue matched Wall Street forecasts. Amex suffered a slump in travel and entertainment spending, although a jump in online
Johnson & Johnson Coronavirus vaccine illustration Dado Ruvic | Reuters Johnson & Johnson on Tuesday reported fourth-quarter earnings and revenue that beat Wall Street’s expectations. Here’s how J&J did compared with what Wall Street expected, according to average estimates compiled by Refinitiv: Adjusted EPS: $1.86 per share versus $1.82 expected. Revenue: $22.48 billion versus $21.67 billion
Tim Kuniskis, head of Fiat Chrysler’s passenger cars division in North America, reveals the 2021 Dodge Durango SRT Hellcat SUV during an online event on July 2, 2020. Screenshot DETROIT – Dodge has kept American muscle cars alive more than any other brand in the U.S. auto industry during the past decade, leading to a
Audrey Saracco / EyeEm If your $600 stimulus payment still hasn’t landed in your bank account, you may be wondering if you can still expect it. According to the most recent guidance from the IRS, the answer is “maybe.” Millions of second stimulus checks have been deployed in recent weeks after Congress approved the payments
The power of the internet is bringing individual investors together to crush Wall Street hedge funds and other investment bigwigs. It’s a new trend that’s only just getting started, CNBC’s Jim Cramer said on Monday. “It’s the ‘wallstreetbets’ people.’ And they have ganged up, arguably allowed by free speech purposes, to center on a few
Before Mark Cuban became a billionaire in 1999, he was mostly broke in his early 20s — sleeping on the floor of an apartment he shared with six others, frequently coming home to his lights turned off and having his credit cards cut. But Cuban remained motivated by the thought of retirement and financial independence. In fact, “my whole goal when I
Matteo Colombo | DigitalVision | Getty Images For most investors these days, it’s literally a “PIPE dream.” PIPEs, or private investments in public equity, are mechanisms for companies to raise capital from a select group of investors outside the market. But as PIPEs are increasingly being deployed in conjunction with a surge in SPAC mergers,
Passengers arrive on a flight from London amid new restrictions to prevent the spread of coronavirus disease (COVID-19) at JFK International Airport in New York, December 21, 2020. Eduardo Munoz | Reuters President Joe Biden banned most non-U.S. citizens traveling from South Africa from entering the U.S. and extended travel restrictions for Europe, the U.K.
Behind on your rent? A new fund helps those apply for assistance. Diego Martin Lopez | iStock | Getty Images A $25 billion federal rental assistance fund will soon be disbursed to states, allowing those struggling amid the pandemic to apply for the money. By one estimate, 14 million Americans are behind on their rent
People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 02, 2020 in New York City. Spencer Platt | Getty Images Parts of the market are in bubbles, but they are unlikely to take the overall market down with them when they pop, according to Goldman Sachs. The Wall Street firm
Seychelles this month became the first nation to welcome vaccinated travelers from all over the world, sparking excitement among international travelers. But there are reasons some travelers — even vaccinated ones — may want to wait. A sudden rise in cases Throughout 2020, Seychelles reported enviably low Covid-19 infection rates. Except for a small spike
Copies of ‘Grand Theft Auto V’ on display for sale at a GameStop store in Peru, Illinois. Daniel Acker | Bloomberg | Getty Images The explosive rally in GameStop is showing no signs of slowing down as retail investors talking in chat rooms and hedge funds rushing to cover their short bets against the stock
Budweiser’s Super Bowl “Lost Dog” ad. Source: Budweiser Budweiser will not be running a commercial during the Super Bowl for the first time in 37 years. Instead, the Anheuser-Busch InBev beer will use the marketing dollars to support Covid-19 vaccine awareness and access. As of Friday, roughly 39 million vaccines doses had been distributed and
President Joe Biden signs an executive order after speaking during an event on his administration’s Covid-19 response with U.S. Vice President Kamala Harris, left, in the State Dining Room of the White House in Washington, on Thursday, Jan. 21, 2021. Al Drago | Bloomberg | Getty Images The more than 40 million Americans who rely
A woman is reflected in a puddle as she passes a Bank of America branch in New York’s Times Square. Brendan McDermid | Reuters The Democrats officially control the Presidency, Senate and House, yet Wall Street appears to be largely unphased. According to data from LPL Financial, the S&P 500 delivered its highest Inauguration Day
Achieving financial health can require some short-term sacrifices to realize long-term benefits. If you go to a checkup with a financial planner, you’re likely get a suggestion to curb spending on new clothes, dinners at nice restaurants, and glamorous vacations, so you can save more money for your goals, like building an emergency fund and
U.S. stock index futures were modestly higher in overnight trading on Sunday, as Wall Street prepares for the busiest week of earnings, which will include reports from some of the largest tech companies. Futures contracts tied to the Dow Jones Industrial Average gained 39 points, indicating a 56-point jump at the open. S&P 500 futures
U.S. Air Force 1st Lt. Allyson Black, a registered nurse, cares for Covid-19 patients in a makeshift ICU (Intensive Care Unit) at Harbor-UCLA Medical Center on January 21, 2021 in Torrance, California. Mario Tama | Getty Images News | Getty Images LONDON — Health experts have warned that even with restrictions the U.S. is likely
U.S. President Joe Biden speaks about his administration’s plans to fight the coronavirus disease (COVID-19) pandemic during a COVID-19 response event at the White House in Washington, January 21, 2021. Jonathan Ernst | Reuters Newly elected President Joe Biden has a tall list of priorities in his first days in office, with stemming the pandemic
Traders work on the floor of the NYSE. NYSE Stock trading volumes are through the roof. It’s not just equity prices that are hitting new highs in 2021. Trading volumes for stocks and options are at records as well. “For trading volumes, the new year starts at a consistent, unprecedented strong & record pace,” according to
MARK RALSTON | AFP | Getty Images At some point, whether Friday night or down the road, someone is going to win the Mega Millions jackpot. It just probably won’t be you. With the odds stacked against players matching all six numbers needed to hit the mother lode, the lottery game’s top prize has reached
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