Stock futures rose modestly in overnight trading on Monday following a tech-led sell-off as investors continued to dump high-flying shares in the face of rising rates. Futures on the Dow Jones Industrial Average climbed 45 points. S&P 500 futures gained 0.2% and Nasdaq 100 futures rose 0.3%. On Monday, the Nasdaq Composite dropped 2.1% for
Month: October 2021
Police officers wearing protective masks talk to motorists at a checkpoint in the Bombay area of Auckland, New Zealand, on Wednesday, Aug. 12, 2020. Bloomberg | Bloomberg | Getty Images LONDON — New Zealand has become the latest country to abandon a zero Covid strategy, with the virus proving much harder to stop now the
Engine No. 1, the firm that rose to prominence after waging a successful campaign against Exxon, on Monday announced an investment in General Motors. This time, the upstart activist’s stake signals support for the automaker as it transitions to electric vehicles. Engine No. 1 pointed to the similarities between Exxon and GM, noting that each
kate_sept2004 | E+ | Getty Images The recovery from the Covid-19 pandemic has been slower than a lot of people expected. For many Americans, that means their incomes are not yet back on track or may have suffered again during the onset of the delta variant. Data shows that hiring is still slow. Weekly initial
Jamie Dimon, JPMorgan Chase chairman and CEO, remains a skeptic of bitcoin, the largest cryptocurrency by market value. “It’s got no intrinsic value. And regulators are going to regulate the h— out of it,” Dimon recently told Axios CEO Jim VandeHei. Dimon said that bitcoin will be around long-term, but “I’ve always believed it’ll be
Ken Griffin, Founder and CEO, Citadel Mike Blake | Reuters The volatile September was a golden opportunity for billionaire investor Ken Griffin to shine as his main hedge fund crushed the market with outperformance. Citadel’s multi-strategy flagship fund Wellington gained 7.8% in September, bringing its year-to-date performance to 18.5%, according to a person familiar with
In this article F Thousands of Ford F-150s without chips are stored at Kentucky Speedway in Sparta, Kentucky, U.S., September 8, 2021. Jeff Dean | Reuters DETROIT – Ford Motor’s U.S. vehicle sales showed signs of improvement during the third quarter, but still fell by 27.4% from last year as an ongoing shortage of semiconductor
Tom Brady #12 of the Tampa Bay Buccaneers throws a pass against the Tampa Bay Buccaneers during the third quarter in the game at Gillette Stadium on October 03, 2021 in Foxborough, Massachusetts. Maddie Meyer | Getty Images Sport | Getty Images Tom Brady’s return to New England was filled with drama from start to
For some college students, the Covid vaccine is a price they are not willing to pay for a degree. Justin Mishler, a 29-year-old junior at Northern Illinois University, is one of them. After serving in the U.S. Marine Corps, Mishler enrolled in the state school in 2016 through the GI Bill, which helps cover the
Powerball’s top prize has surged yet again, vaulting it into the top 10 largest jackpots in U.S. lottery history. With no one matching all six numbers drawn Wednesday night, the jackpot is now an estimated $620 million for Saturday night’s drawing. If there’s a winning ticket, it would be the 10th-largest lottery prize won —
Traders work on the floor of the New York Stock Exchange (NYSE) on September 30, 2021 in New York City. Spencer Platt | Getty Images U.S. stock futures were higher in overnight trading on Sunday as investors readied for the first full week of trading in October and the fourth quarter. Dow futures rose about
At first glance, the more than 7,100 islands that make up the Philippines may appear to be similar. Those islands — of which some 2,000 are inhabited — differ by history, culture and religion, meaning they draw tourists for different reasons. Here are six — some well-known, some not — and the types of travelers
In this article ATVI DELL OTMO Dell CEO Michael Dell speaks during an interview with CNBC on the floor of the New York Stock Exchange, July 2, 2018 Brendan McDermid | Reuters The fourth quarter has just begun, and Wall Street analysts are picking out the companies they believe have potential for the long run.
In this article EXPE Mike Coppola | Getty Images Online travel powerhouse Expedia Group plans to unify and expand customer loyalty program offerings across its portfolio of brands. The move will result in “the most complete travel rewards offering in the industry,” according to the Seattle-based firm, with member discounts and reward earning and redemption
Even Jeff Bezos fails sometimes. Since launching Amazon as an online bookstore from his garage in 1994, Bezos has amassed a personal net worth exceeding $191 billion, according to Forbes — and turned Amazon into a $1.6 trillion multinational conglomerate. Part of that success, he says, means learning how to turn your failures into positive momentum.
Taiwanese ethnicity man looking at the home budget and sorting out bills using his laptop in his cozy living room SrdjanPav | E+ | Getty Images If you’re trying to get control of your finances, most financial advisors will start with one simple step: establishing a budget. The coronavirus pandemic and ensuing economic recession and
In this article CMCSA AMZN Daniel Craig stars as James Bond in “No Time To Die.” MGM The latest James Bond film won’t arrive in the U.S. until Friday, but it’s already making waves internationally. “No Time to Die” scored an estimated $119.1 million in international ticket sales over the weekend, making it the first
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Photo by Mike Kline (notkalvin) | Moment | Getty Images Life insurance planning for wealthy Americans may be upended by a proposal in Democrats’ tax reform package. The House Ways and Means Committee passed measures on Sept. 15 that would raise an estimated $2.1 trillion in taxes from corporations and the rich, to help finance
At Berkshire Hathaway’s annual shareholders meeting in 2011, billionaire investor Warren Buffett was asked what he thought about the contentious negotiations happening in Congress over whether or not to raise the debt ceiling. His response: failing to raise the debt ceiling would be a massive mistake. “It would probably be the most asinine act that
In this article GOOGL The logo for Google Pay displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images At least one tech giant has decided it’s better to serve banks rather than taking them head on. Google is shuttering its bank account product nearly two years after announcing ambitious plans to take
Daniel Craig stars as James Bond in “No Time To Die.” Source: MGM In 1962, when the first James Bond film “Dr. No” was released in cinemas, a ticket cost just 70 cents. Nearly 60 years later, the average ticket price is around $9 and the dashing 007 is making his 25th appearance on the
FatCamera | E+ | Getty Images A sweeping new legislative proposal on Capitol Hill could give Congress a rare opportunity to address an issue that has long been on the backburner – paid family leave. Today, only some workers have access to paid time off to care for their loved ones or their own medical
Monty Rakusen | Image Source | Getty Images Company: Huntsman Corp. (HUN) Business: Huntsman Corp. is a global manufacturer of differentiated organic chemical products. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Performance Products segment manufactures amines and maleic anhydrides, including ethylene oxide, propylene oxide, glycols, ethylene dichloride,
Gary Vaynerchuk holds a “VeeFriends” token, which is part of his part of his first NFT collection. Source: VeeFriends | Gary Vaynerchuk Christie’s on Friday auctioned five art works that were created by entrepreneur Gary Vaynerchuk for his VeeFriends NFT collection. The price tag? Just over $1.2 million. “It feels like an out-of-body-experience,” Vaynerchuk told
Anna Moneymaker | Getty Images News | Getty Images President Joe Biden’s $3.5 trillion economic agenda — and the social spending it would usher in — has few parallels in modern U.S. history. The New Deal era of the 1930s and the Great Society of the 1960s are its closest comparisons, according to economists and
In this article TSLA The logo of Tesla seen at one of its showroom. Tesla announced its Q1 2021 earnings today. Toby Scott | LightRocket | Getty Images Tesla delivered 241,300 electric vehicles during the third quarter of 2021, the company reported Saturday. The quarter’s deliveries topped expectations. Analysts predicted that Tesla would deliver around 220,900
In this aerial photo taken with a drone, flood waters surround storm damaged homes, Tuesday, Aug. 31, 2021, in Lafourche Parish, La., as residents try to recover from the effects of Hurricane Ida. Steve Helber | AP Climate change can have a direct impact on your wallet. Not only can it affect your bills, from
Jeff Bezos, left, and Elon Musk Getty Images; Reuters Elon Musk repeated prior criticisms of fellow billionaire space mogul Jeff Bezos, as their respective companies continue to battle in federal court and in front of regulators. “I think I’ve expressed my thoughts on that front – I think he should put more of his energy
Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, California, U.S., on Wednesday, Sept. 22, 2021. Davie Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — A former lab director at Theranos acknowledged on Friday that he had plenty of opportunities to address his concerns about the company’s