In this article WRBY RIDE RIVN TSLA The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Johnson & Johnson — Shares of the health care
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Portland Trail Blazers President and CEO Chris McGowan speaks to reporters. Sam Forencich | NBAE | Getty Images Portland Trail Blazers executive Chris McGowan is resigning as CEO, the team announced on Friday. The Blazers said chief commercial officer Dewayne Hankins would take over the role of president of business operations. Paul Allen’s estate owns
In this article CPRI TPR A man walks past a Coach store on Madison Avenue in New York, January 23, 2013. Carlo Allegri | Reuters Coach owner Tapestry shares were up more than 8% on Thursday, as the high-end handbag owner hiked its revenue forecast for the year and said shoppers shouldn’t worry about finding
Elon Musk is cashing in. The Tesla CEO — who this weekend made waves with a Twitter poll asking his 61 million followers whether he should sell a chunk of his stake in the electric automaker — has sold nearly $5.7 billion worth of shares of his company over the past few days. Musk’s sales
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, October 19, 2021. Brendan McDermid | Reuters The market, regardless of which index we use – S&P 500, Dow or Nasdaq – keeps climbing and making new highs. With that type of trajectory, we might assume that there are
A customer selects goods at a supermarket in New York, the United States, Aug. 11, 2021. Wang Ying | Xinhua News Agency | Getty Images As inflation surges, the IRS has boosted federal income tax brackets for 2022, standard deductions, 401(k) contribution limits and more. But other provisions remain unchanged, leading to higher tax bills
As Congress debates next steps on the tax provisions in the Build Back Better Act proposed in the House Ways and Means Committee, it is important to consider the economic impacts, which include reduced economic output, wages, and jobs. Due to the plan’s economically costly and inefficient tax increases, we find that long-run GDP would
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Joe Raedle | Getty Images Americans are quitting their jobs in record numbers. However, they likely won’t qualify for unemployment benefits. Just over 4.4 million people quit in September, an increase of 164,000 from the prior record in August, the Labor Department said Friday. The quits rate also jumped to 3%, another all-time high. (This
CHUNYIP WONG | iStock | Getty Images As the struggles for renters continue, at least eight states and more than 20 cities have policies in place to keep families protected from eviction. Even as the country pulls out of the pandemic, more than 15% of adult renters still report being behind, with as many as
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
Source: Douglas Elliman Pent-up demand, a roaring stock market and extremely low interest rates are melding together to create a record-breaking luxury real estate market in Manhattan. “Leading up to the pandemic, the high end of the market was the weakest segment of the market. However, since the end of the lockdown, it’s inverted –
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
Books by and about Chinese President Xi Jinping fill a display at the Museum of the Communist Party of China in Beijing on November 11, 2021. Noel Celis | AFP | Getty Images BEIJING — A top Chinese official issued a rare criticism of the U.S. and Western democracy during a high-profile political press conference
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,
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
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