In this article RIVN ZE594-CN R.J. Scaringe, Rivian’s CEO, introduces the world to his company’s R1T all-electric pickup and all-electric R1S SUV at the Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Electric vehicle maker Rivian plans to use new types of battery cells in its electric trucks,
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Safra Catz, then co-chief executive officer of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Sept. 20, 2016. David Paul Morris | Bloomberg | Getty Images Oracle shares slid more than 6% in extended trading on Thursday after the database software maker reported fiscal third-quarter earnings that failed to meet analysts’
Traders on the floor of the NYSE, March 2, 2022. Source: NYSE Stock futures were flat ahead of Friday’s session as the Dow Jones Industrial Average headed for its fifth losing week in a row amid Russia’s invasion of Ukraine. Futures on the Dow Jones Industrial Average rose just 60 points. S&P 500 futures rose
In this article JPM JPMorgan Chase says that companies can deal with global labor shortages in part by tapping the neurodiverse and people with criminal backgrounds. The New York-based bank has hired thousands of people with criminal records and hundreds of people with autism or other conditions, Brian Lamb, JPMorgan’s global head of diversity, equity
Tara Moore | Getty Images Retirees who are feeling the pinch of higher prices, take heart: There could be a much bigger Social Security cost-of-living adjustment next year. A preliminary estimate from The Senior Citizens League, a non-partisan senior group, finds that the 2023 cost-of-living adjustment, or COLA, could be as high as 7.6%, based
Shortly after the Biden administration announced that it was taking steps toward regulating cryptocurrencies, the Department of Labor issued a message of its own: Crypto doesn’t belong in most employees’ retirement accounts — and the department intends to investigate some plans that already offer the option. The department did not go as far as banning
With gas prices soaring in March, Florida is preparing to give drivers a gas tax holiday—in October. A cynic might wonder why the gas tax holiday aligns so closely with election season (lawmakers cite other reasons), but in many respects, the timing is the least of the issues with Florida’s pending suspension of the gas
A “For Sale” sign is seen outside a home in New York. Shannon Stapleton | Reuters The war-induced drop in U.S. mortgage rates was short-lived. Rates popped up again this week to the highest level in nearly two years. The average rate on the popular 30-year fixed mortgage hit 4.19% and then fell to 3.90%
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In this article BMW-DE Spencer Platt | Getty Images News | Getty Images German automaker BMW AG said Thursday its revenue and net profit hit all-time highs in 2021, despite increased spending on research and development related to electric vehicles. In a preview of results that it will present at its annual meeting next week,
In this article AMD MU BKR CVX AMZN CRWD A worker sits on a wall dividing an informal settlement from the new Amazon fulfillment center, which is under construction at RMSG Alamar Industrial Park, in Tijuana, Mexico September 7, 2021. Jorge Duenes | Reuters Check out the companies making headlines in midday trading. Amazon —
Traders on the NYSE Feb. 28, 2022. Source: NYSE Select Chinese stocks have declined sharply on Thursday. China watchers believe this is likely because the Securities and Exchange Commission has identified five U.S.-listed American depositary receipts of Chinese companies (Yum China, BeiGene, Zai Lab, ACM Research and HUTCHMED) for failing to adhere to the Holding
High gas prices at stations in Garden Grove, California, on Monday, March 7, 2022. Jeff Gritchen | Medianews Group | Getty Images Inflation has continued to increase amid the Russia-Ukraine conflict and ongoing supply chain issues. But certain retirees may not feel the brunt of rising costs, financial experts say. Annual inflation rose by 7.9%
Getty Images Most Americans carry some debt, be it from student loans, a mortgage, credit card or a car loan. But what happens to debt management when you’re in or near retirement? While many Americans were able to pay off some of their debt in the early days of the pandemic when restrictions on activity
The Nebraska Revenue Committee recently heard LB1264, a bill to modernize Nebraska’s tax structure by reducing income tax rates, repealing the inheritance tax, modernizing the sales tax base, and eliminating most incentives. These reforms, promoted by various Nebraska stakeholders through the Blueprint Nebraska initiative, would substantially improve tax structure and competitiveness. Once fully phased in,
David Sacks | Getty Images Consumer prices are rising at their fastest pace in decades — and that inflation has been most acute in household staple items like food, housing and transportation, making it hard to escape the budgetary sting. The Consumer Price Index jumped 7.9% in February relative to a year earlier, the largest
Singapore wants to eventually allow all travelers to skip quarantine in the country as long as they are vaccinated, Transport Minister S. Iswaran said. In an interview with CNBC on Thursday, he said: “With greater vaccination and boosting of populations, and also better testing and safe management protocols, I think we have now been able
People walk by a Bored Ape Yacht Club NFT billboard in Times Square on Jan. 25, 2022. Noam Galai | Getty Images Sales of nonfungible tokens jumped to more than $17 billion in 2021, according to a new report from NFT data company Nonfungible.com. The study, developed with BNP Paribas-owned research firm L’Atelier, said trading
South Korean photographer Sang-kyu Gil has visited the Philippines around 10 times. Drawn by the beautiful scenery and affordable prices, the 42-year-old usually spends seven to 10 days in the country. That costs him around $400 — less than half the amount he expects to spend on a similar trip within his home country. His
marekuliasz | iStock | Getty Images As conflict between Russia and Ukraine continues to send shock waves through the markets, many investors may be questioning what, if anything, they should do next. The most common advice is to stay the course. That can be difficult on days like Tuesday, when fresh losses prompted both the