Since the start of the pandemic, billionaire health philanthropist Bill Gates has been a target for bizarre Covid conspiracy theories. Now, Gates says, those rumors and pieces of disinformation are keeping many Americans from getting vaccinated against Covid — and delaying the end of the pandemic by doing so. In a blog post last week,
Month: December 2021
Workers in front of the People’s Bank of China (PBOC) in Beijing, China, on Monday, Dec. 13, 2021. Andrea Verdelli | Bloomberg | Getty Images BEIJING — China’s retail sales missed expectations in November, while industrial production beat, the National Bureau of Statistics said Wednesday. Retail sales for November grew by 3.9% from a year
A Falcon 9 rocket is displayed outside the Space Exploration Technologies Corp. (SpaceX) headquarters on January 28, 2021 in Hawthorne, California. Patrick T. Fallon | AFP | Getty Images A female former employee of Elon Musk’s SpaceX alleged in an essay published Tuesday that the space company’s workplace is “rife with sexism” and that its
EG Group, run by the billionaire Issa brothers and a secretive private equity firm, has rapidly grown into a petrol stations empire with €20bn in annual revenues. As the FT’s Kaye Wiggins explains, the business has been built on debt, low interest rates and bold ambition. Last year its owners purchased Asda for £6.8bn, but
Hello World’s host Ashlee Vance traveled to Moscow and got a rare glimpse into the heart of Russia’s hacker underworld and the latest techniques in investigating cybercrime. #BloombergHelloWorld Watch the full episode of ‘Hello World: Russia’: https://www.youtube.com/watch?v=tICL-lwI7KM Read more about FindFace on Bloomberg.com: http://bloom.bg/2h1VPSy Like this video? Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg?sub_confirmation=1 And subscribe
Auto industry icon Lee Iacocca, once one of America’s highest profile business executives and credited with rescuing Chrysler from near-bankruptcy in the 1980s, has died. He was 94. He was instrumental in the creation of the Ford Mustang and the Chrysler minivan. Iacocca’s youngest daughter confirmed he passed away of natural causes Tuesday. He is
Liu Guanguan | China News Service | Getty Images News that inflation rose to a historic high in November probably comes as no surprise to retirees. But they may be in for another shock when they receive their monthly Social Security checks in January. The Social Security Administration announced in October that beneficiaries will get
In this article TSLA SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany. Britta Pedersen | Getty Images Elon Musk’s sale of $906 million in Tesla stock Monday brings him one step closer to his ultimate sales goal. The
Tetra Images | Getty Images Thousands of taxpayers may still be waiting for a tax refund on unemployment benefits collected during the Covid pandemic, as the IRS grapples with a backlog of tax returns. The American Rescue Plan Act, a pandemic relief law, waived federal tax on up to $10,200 of unemployment benefits a person
Tom Holland stars as Peter Parker in Marvel’s “Spider-Man: No Way Home.” Disney The domestic box office may have finally found a hero. Marvel’s friendly neighborhood Spider-Man swings into theaters once more this weekend and promises to deliver big gains for the movie theater industry. Conservative estimates suggest “Spider-Man: No Way Home,” Tom Holland’s third
XiFotos | E+ | Getty Images Inflation is not just a day-to-day worry for Americans. It is now also their top risk for retirement. A survey from Allianz Life Insurance Company of North America finds that 25% of Americans see rising inflation as the single greatest risk to their retirement plans. That’s up from 8%
Patek Philippe watch Courtesy: Patek Philippe The first of the new limited edition Patek Philippe Tiffany & Co. Nautilus watches sold at auction on Saturday for $6.5 million — more than 120 times its retail price. The sale cements the reputation of the Patek Philippe Nautilus Ref. 5711, which was discontinued earlier this year, as
Invesco’s Kristina Hooper sees significant opportunities in regions shunned by a majority of investors. Despite the new omicron wave, she lists emerging markets — including China — as 2022’s top places to put money to work. “We always knew it would take longer for emerging markets to get populations vaccinated. But clearly there is a
In this article 7203.T-JP The Toyota Motor Corp. logo in the Toyota City Showcase exhibit at the company’s Mega Web car theme park in Tokyo, Japan, on Monday, Nov. 1, 2021. Kiyoshi Ota | Bloomberg | Getty Images Toyota, one of the world’s largest automakers, is planning to invest 4 trillion yen ($35 billion) to
MBPROJEKT_Maciej_Bledowski | iStock | Getty Images For retirees searching for investment income and protection from inflation, one solution may be real estate investment trusts. REITs, as they’re called, are companies that own and/or operate properties like office buildings, shopping malls, apartment complexes and warehouses. While they do come with more risk than some other income-producing
Sometimes, even a great business or product idea can’t save you from the perils of inexperience. On Friday’s episode of ABC’s “Shark Tank,” a husband-and-wife pair of business owners learned that lesson the hard way. The duo, Chris and Elisa Cirri, pitched their Wallingford, Connecticut-based start-up, called Santa’s Enchanted Mailbox, on the holiday-themed episode. The
In this article MS Morgan Stanley CEO James Gorman walked back an edict that employees should be back at the office by now and issued a new forecast for how long companies would delay the return. “I was wrong on this,” he told CNBC’s Wilfred Frost Monday on “Closing Bell.” “I thought we would have
The sun sets at the Davis Station, Antarctica. Rachael Robertson An ice shelf holding a critical glacier in Antarctica could shatter within the next five years, scientists warned on Monday during an American Geophysical Union meeting. The Thwaites Glacier is a Florida-sized sheet that’s already responsible for about 4% of global annual sea level rise
The amount of student loan debt in the United States is $1.8 trillion dollars — and counting. The price to get an education has never been more expensive. The student loan crisis has affected a lot of students but statistics show that it disproportionately affects the Latinx community. Around 72% of Latinx students take out
ST PETERSBURG, RUSSIA – JUNE 6, 2019: China’s Persident Xi Jinping (L) and Russia’s President Vladimir Putin shake hands at a ceremony at St Petersburg University in which Xi Jinping was awarded St Petersburg University honorary doctoral degree. Alexei Nikolsky | TASS | Getty Images BEIJING — Chinese President Xi Jinping is set to meet
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, D.C., on Wednesday, Dec. 1, 2021. Jim Lo Scalzo | EPA | Bloomberg | Getty Images Covid booster shots are “optimal care” as the
Dana Neely | Taxi | Getty Images Medicare beneficiaries may already be aware that the big jump in their 2022 Part B premiums is partly due to the cost of a single drug. Yet why all enrollees are picking up the tab for Aduhelm — a controversial new medicine designed to slow cognitive decline with
In this article MRVL RIVN GOOGL S WCN-CA RJ Scaringe and team on opening day at Rivian’s manufacturing campus in Normal, IL. Source: Rivian The market volatility in recent weeks is enough to make even the most experienced investors worried, particularly as they contend with the omicron Covid variant and the prospect of tighter monetary
In this article GME LCID AAL BA CVS People walk by a CVS Pharmacy store in the Manhattan borough of New York City. Shannon Stapleton | Reuters Check out the companies making headlines in midday trading. CVS — Shares of the drugstore chain jumped 3.8% to hit a 52-week high after the company said sales
In this article PTON Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Peloton wants users to know its at-home fitness equipment can improve one’s physical health — not lead to health complications, which was implied in the reboot of “Sex and
Throughout our lives as students, we work hard to get a good education that will lead us to a solid job and fruitful career. But we aren’t prepared for what happens after graduation — responsibilities such as finding a place to live, getting that first job and paying rent and other bills. You can’t just
Elizabeth Holmes, founder of Theranos Inc., leaves federal court in San Jose, California, on Wednesday, Dec. 8, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, Calif. — In her final effort to try and sway the jury in her criminal fraud trial, Theranos founder Elizabeth Holmes blasted ex-boyfriend Ramesh “Sunny” Balwani, her
A trader works on the floor of the New York Stock Exchange (NYSE) December 9, 2021. Brendan McDermid | Reuters Stock futures opened little changed on Thursday after investors pulled back from the market rebound earlier in the week and turned their focus to inflation data due out Friday. Futures contracts tied to the Dow
People search through a tornado-damaged building on December 11, 2021 in Mayfield, Kentucky. Brett Carlsen | Getty Images LOUISVILLE, Ky. – Kentucky Governor Andy Beshear declared a state of emergency early Saturday morning and asked President Joe Biden for federal assistance after a deadly storm swept through the Bluegrass State overnight. “It’s devastating,” Beshear said
Sporrer/Rupp | Image Source | Getty Images How much do you think you’ll need to save for retirement? If you’re in one of these major cities, the answer will be at least $1 million to live an average lifestyle, according to MagnifyMoney. To find the amount needed to retire in each city, analysts used data
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