Water tender crews monitor a backfire during the Mosquito fire in Foresthill, an unincorporated area of Placer County, California on September 13, 2022. Josh Edelson | AFP | Getty Images As a massive wildfire chewed through tens of thousands of acres in California over the past week, smoke and ash billowed into nearby towns including
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Mergers in software may be about to break out. Top investment banker Rick Sherlund of Bank of America sees a wave of struggling companies putting themselves up for sale at cheaper prices due to the economic downturn. “You do need to see greater capitulation,” the firm’s vice chair of technology investment banking told CNBC’s “Fast
Going to the grocery store isn’t getting any cheaper. Rising food costs helped push inflation higher again last month, despite a drop in gas prices. The food index alone rose 11.4% over the past year, according to the latest consumer price index figures — marking the biggest 12-month jump since May 1979. The food-at-home index, a measure
Source: CANELA.TV An upstart Spanish-language streamer is taking a big step into original content. Canela Media will debut a daily entertainment news show, “¡Ponle Canela!,” on its streaming platform, Canela.TV, on Oct. 10. “Secretos De Villanas,” a reality series that puts some well-known telenovela actresses under one roof to reveal secrets about their lives and
August was marked by extremely hot temperatures in parts of China, prompting temporary power rationing in some regions. Pictured here on Aug. 24, 2022, is the central city of Chongqing’s skyline with the lights partially turned off to conserve energy during the heatwave. Vcg | Visual China Group | Getty Images BEIJING — China reported
Artistgndphotography | E+ | Getty Images Company: Griffon (GFF) Business: Griffon operates through two segments. Consumer and Professional Products (“CPP”) conducts its operations through AMES. Founded in 1774, AMES is the leading North American manufacturer and a global provider of branded consumer and professional tools and products for home storage and organization, landscaping and enhancing
Sporrer/Rupp | Image Source | Getty Images As talk of Social Security reform heats up heading into the November election, one congressional proposal to expand the federal program has received a new endorsement from California lawmakers. In August, a joint resolution passed both the state’s senate and its assembly. Now, it goes to Capitol Hill
British Airways Airbus A319 aircraft takes off from Heathrow Airport in London, Britain, May 17, 2021. John Sibley | Reuters London’s Heathrow Airport will change about 15% of its Monday flights to avoid noise during Queen Elizabeth II’s funeral. “As a mark of respect, operations to and from the airport will be subject to appropriate
In this article NCR GE AZN-GB UBER IP FDX Check out the companies making headlines before the bell: FedEx (FDX) – FedEx tumbled 20.3% in premarket trading after issuing a profit warning due to declining package delivery volumes around the world. The news has exacerbated fears of a slowing global economy, weighing on shares of
Queen Elizabeth II passed away last week – but what will happen to her assets and investments, and how wealthy was she really? Chris Jackson | Chris Jackson Collection | Getty Images “What will happen to her corgis?” is one of the many questions raised since Queen Elizabeth II’s death. The dogs, which the Queen
A Social Security Administration office in San Francisco. Getty Images The Social Security Administration’s average wait time for an initial disability decision hit an all-time high in August of more than six months, or 198 days — almost three times higher than it was a decade ago. That is just one of many signs that
In this article IPAX The Nova-C lunar lander seen on April 26, 2022 during assembly for the IM-1 mission. Intuitive Machines PARIS — Lunar-focused space company Intuitive Machines announced Friday it will go public via a SPAC in a deal that values the venture at about $1 billion. The merger with special purpose acquisition company
In this article IP FDX UBER ADBE FE SNOW FedEx received its first five of an order of 500 electric Light Commercial Vehicles (eLCVs) from BrightDrop. Courtesy: Fedex Check out the companies making headlines in midday trading. FedEx – Shares of the delivery giant slid about 21.4% after the company preannounced disappointing results for the
Michael Jordan’s game-worn 1998 NBA Finals ‘The Last Dance’ jersey from game 1 is on display during a press preview at Sotheby’s on September 06, 2022 in New York City. Alexi Rosenfeld | Getty Images A jersey worn by basketball legend Michael Jordan in the first game of the 1998 NBA Finals has sold for
Cecilie Arcurs | Getty Images There’s about one month until the Oct. 17 tax deadline extension, and experts say filers need to prepare, especially for more complicated returns. An estimated all-time high of 19 million American taxpayers filed an extension for their 2021 returns, according to the IRS. Kevin Brady, a certified financial planner and
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Ernest S. Christian, Jr., (1937-2022) was one of the tax policy community’s most distinguished and influential experts, showing us how effective sound tax policy can be. He passed away on September 13th, leaving behind a legacy of tax reform. Ernie gave up a lucrative career in law and government to devote the last nearly three
In this article F Ford Chair Bill Ford and President and CEO Jim Farley converse in front of newly revealed Mustang Dark Horse at The Stampede in downtown Detroit on Sept. 14, 2022. Ford DETROIT – Ford Motor CEO Jim Farley was in his element Wednesday night, surrounded by gearheads and the automaker’s new 2024
FTX CEO Sam Bankman-Fried has been shopping for bargains amid the industry’s recent carnage and said he still has cash to spend if opportunity knocks. It may seem strange. Other multibillion-dollar crypto giants spiraled into bankruptcy this year. FTX’s main competitor, Coinbase, has seen its shares plunge 70% and has laid off a fifth of
In boardrooms and on basketball courts, billionaire Mark Cuban says he’s noticed one factor that consistently leads to success: team culture. On an episode of the “Re:Thinking with Adam Grant” podcast this week, the “Shark Tank” investor and Dallas Mavericks owner said creating collaborative working environments is more important than amassing raw talent. He said