U.S. Senate Majority Leader Chuck Schumer (D-NY) touts Senate Democrats legislative accomplishments as he holds a news conference at the U.S. Capitol in Washington, March 25, 2021. Jonathan Ernst | Pool | Reuters Senate Democrats plan to forge ahead with crafting a massive infrastructure package next month — regardless of […]
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AMC stock erases a 38% rally and turns red in wild trading, but ends the week up 116%
Shares of AMC Entertainment gyrated on Friday as speculative trading activities continued to escalate. The stock closed down 1.5% after rallying as much as 38% earlier Friday. Despite the intraday reversal, shares advanced more than 116% week to date, bringing its monstrous 2021 rally to 1,132%. More than 650 million […]
S&P 500 gains slightly to wrap up 4th straight positive month, sits less than 1% from record high
The S&P 500 climbed slightly on Friday to close its fourth straight positive month amid growing optimism over the U.S. economic recovery. The broad equity benchmark ended the session up 0.1% to 4,204.11, sitting just 0.8% from its record high. The Dow Jones Industrial Average gained 64.81 points to 34,529.45. […]
Tesla starts using cabin cameras to make sure drivers are paying attention
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images Tesla started using the cabin cameras in some Model 3 and Model Y vehicles to make sure drivers are paying attention […]
Former Obama education advisor Seth Andrew in talks to resolve charter school theft case
Seth Andrew during a TEDx Talks Source: TEDx Talks | YouTube Federal prosecutors and a lawyer for former Obama White House education advisor Seth Andrew are in initial talks about potentially disposing of the criminal case that accuses him of ripping off a charter school network that he founded of […]
Mark Cuban: What I look at when comparing blockchains like bitcoin and ethereum
When comparing different blockchains, billionaire Mark Cuban looks at a few specific characteristics before investing. “Most people look at speed and cost compared to BTC [bitcoin] or ETH [ethereum],” Cuban tells CNBC Make It. “While those things can be important, I look at blockchains as networks with development platforms via […]
Health-tech company Doximity files for IPO and says doctors will get up to 15% allocation
Doximity Source: Doximity Uber offered it to drivers. Airbnb did it for hosts. Now Doximity is providing it to doctors, but in a much bigger way. In its IPO prospectus on Friday, health-tech company Doximity — which is often described as the LinkedIn for doctors — said it’s allocating up […]
New bill would ‘open up Big Tech’s hood,’ make companies explain how they decide which content to show
Rep. Doris Matsui, D-Calif., left, and Sen. Ed Markey, D-Mass. Bill Clark | CQ Roll Call | Getty Images; Jemal Countess | Getty Images A new federal bill seeks to demystify how social media platforms determine which posts users see, without touching a law that has become a lightning rod […]
Costco is seeing inflation abound, impacting a slew of consumer products
A butcher stocks a display case with packages of steaks at a Costco store on May 24, 2021 in Novato, California. Justin Sullivan | Getty Images Don’t tell Costco executives that inflation is low. The big-box club chain said it’s been seeing accelerating prices across a range of products, including […]
Massive bitcoin mine discovered in UK after police raid suspected cannabis farm
Bitcoin mine uncovered during Black Country industrial unit raid that was stealing thousands of pounds worth of electricity from the mains supply. Source: West Midlands Police LONDON — An illegal bitcoin mine has been found by police in the U.K. who were looking for a cannabis farm. The mine — […]