With a record number of new golfers teeing off in 2020, Callaway, the maker of golf balls, clubs, bags and apparel, has been thriving. Callaway announced in May first-quarter net revenue of $652 million, a 47% increase from a year earlier. “Callaway pre-Covid was already the number one brand in […]
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Southern states have a ‘real vulnerability’ to Delta Covid variant this summer, warns Dr. Peter Hotez
Dr. Peter Hotez warned that Southern U.S. states could feel the impact of the highly transmissible Delta Covid variant as early as this summer, due in part to low vaccination rates. “I’m really holding my breath about the South and what happens over the summer,” said Hotez, co-director of the […]
Apple says it didn’t know Trump’s DOJ was asking for Democrats’ data when it complied with subpoena
Tim Cook, Chief Executive Officer of Apple, speaks as President Donald Trump listens during an American Technology Council roundtable in the State Dinning Room of the White House, Monday, June 19, 2017, in Washington. Alex Brandon | AP Apple said Friday it didn’t know former President Donald Trump’s Department of […]
Cramer’s week ahead: Don’t underestimate the market’s small gains
Matteo Colombo | DigitalVision | Getty Images After stocks muscled their way slightly higher on Friday, CNBC’s Jim Cramer advised investors not to underestimate a market that’s putting up small gains. The S&P 500 crawled 0.19% higher to 4,247.44, a record close. “Some would say it’s the calm before the […]
Jim Cramer: Be patient with bitcoin, approach the S&P with caution
CNBC’s Jim Cramer is advising that investors who are searching for entry and exit points keep a close eye on both stock and cryptocurrency trades in the coming weeks. The “Mad Money” host on Friday reviewed chart analysis from Tom DeMark, the founder and head of DeMark Analytics. “The charts, […]
Markets await the Fed’s meeting before making the next big move in the week ahead
U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, March 3, 2020. Kevin Lamarque | Reuters Stocks could trade sideways […]
United Airlines says rising travel demand will spare flight attendants, thousands of others from furlough this fall
United was the first commercial airline to fly the first FDA-authorized Covid vaccines to the U.S. Source: United Airlines United Airlines told more than 40,000 employees on Friday that their jobs are safe when federal Covid-19 aid for the sector expires this fall thanks to a rebound in travel demand. […]
Redfin CEO says the housing market has cooled off slightly — and that’s a positive
The CEO of real estate brokerage Redfin told CNBC on Friday there’s been a much-needed cooling in the booming housing market recently. “For the past couple of weeks, housing has been hot instead of blazing hot, and it’s actually probably good for the market. We’ve been running too hot for […]
Justice Department to step up enforcement of voting rights protections, Attorney General Garland says
Attorney General Merrick Garland said Friday that the Justice Department will swiftly increase its resources dedicated to enforcing voting rights protections, citing a 2013 decision by the Supreme Court as well as bills being pushed by conservatives across the country that aim to tighten election procedures. In a speech delivered […]
The hacker group that went after one of Apple’s suppliers found a new victim
Zoom In IconArrows pointing outwards The hacker group REvil has become a headache for a new victim: a 50-person firm based in Albuquerque, New Mexico, that consults with the federal government on security-related projects. Sol Oriens, which consults for the U.S. Department of Energy’s National Nuclear Safety Administration, confirmed to […]