Dado Ruvic | Reuters The price of bitcoin broke past $46,000 Monday morning after a high stakes weekend for the crypto industry as the Senate continued debating the details of its part in the still yet-to-be-passed infrastructure bill. Bitcoin traded as high as $46,050.61. That marks its highest level since […]
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Covid vaccine mandates sweep across corporate America as delta variant spurs action
United Airlines ramp services worker John Dalessandro receives a COVID-19 vaccine at United’s onsite clinic at O’Hare International Airport on March 09, 2021 in Chicago, Illinois. Scott Olson | Getty Images The U.S. government may not require that everyone get Covid-19 vaccines, but large employers across corporate America are stepping […]
Stocks making the biggest moves in the premarket: Sanderson Farms, U.S. Foods, Tyson Foods and more
Take a look at some of the biggest movers in the premarket: Sanderson Farms (SAFM) – The poultry producer agreed to be acquired for about $4.5 billion, or $203 per share, by privately-held food producer Cargill and agriculture investment firm Continental Grain. The all-cash deal represents an 11.3% premium over […]
Delta variant, supply-chain chaos threaten to derail strong back-to-school shopping season
A worker stocks shelves of back-to-school supplies at a Target store on August 03, 2020 in Colma, California. Justin Sullivan | Getty Images News | Getty Images U.S. shoppers are growing more anxious about visiting stores and trying on clothing in dressing rooms, according to a recent survey. Some of […]
Why Elon Musk’s Starlink has set up a satellite base on a tiny island in the Irish Sea
SpaceX owner and Tesla CEO Elon Musk poses as he arrives on the red carpet for the Axel Springer Awards ceremony, in Berlin, on December 1, 2020. Britta Pedersen | AFP | Getty Images LONDON — Starlink, the space internet service created in 2015 by Elon Musk’s space transportation firm, […]
Atreides’ Gavin Baker on how the retail investor is winning the year and the future of SPACs
(Click here to subscribe to the new Delivering Alpha newsletter.) SPAC activity all but ground to a halt in recent months after insatiable activity during the fourth quarter of 2020 and into the first quarter of 2021. An SEC clampdown and other regulatory concerns are partially responsible for the slowdown. But there […]
Stock futures are mostly lower after Dow closes at record Friday
A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York, August 5, 2021. Andrew Kelly | Reuters Stock futures traded mostly lower early Monday after the Dow Jones Industrial Average notched a record close Friday following a stronger-than-expected jobs report. Futures tied to […]
Landmark U.N. report delivers stark warning on climate change, says it’s ‘code red for humanity’
A wildfire burn trees on August 2, 2021 in Mugla, Marmaris district, as the European Union sent help to Turkey and volunteers joined firefighters in battling a week of violent blazes that have killed eight people. YASIN AKGUL | AFP | Getty Images The world’s leading climate scientists on Monday […]
Stock futures lower after Dow closes at record Friday
A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York, August 5, 2021. Andrew Kelly | Reuters Stock futures traded lower early Monday after the Dow Jones Industrial Average notched a record close Friday following a stronger-than-expected jobs report. Futures tied to the […]
Alibaba fires manager accused of sexual assault; CEO calls for change after ‘shameful’ incident
The front of Alibaba’s Wangjing office in Beijing on Dec. 24, 2020. Costfoto | Barcroft Media | Getty Images GUANGZHOU, China — Alibaba has fired a manager accused of sexual assault and disciplined other employees as the Chinese e-commerce giant looks to limit reputational damage. Over the weekend, a female […]