Interest in electric vehicles is at an all-time high, with sales of new EVs up 55% in 2022 compared with the year prior. But there are still a lot of gas cars on the roads today, and it’s likely there will be for a long time. A burgeoning industry is […]
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Here are 5 key trends shaping the liquor industry as spirits overtake beer for the first time
A bartender creates specialty cocktails made with Casamigos at the opening party for Alo Miami in Miami, December 16, 2021. Jason Koerner | Getty Images CHICAGO — The spirits industry is overcoming economic headwinds to meet changing consumer preferences as it chips away at the dominance of beer. Spirits revenue […]
Toyota defies skeptics as stock seals best week since 2009
Akio Toyoda, president and CEO of Toyota Motor Corp. Kiyoshi Ota | Bloomberg | Getty Images DETROIT – Toyota Motor stock sealed its best week since 2009 on Friday, as the automaker laid out a robust plan for future all-electric vehicles and company scion Akio Toyoda became leader of the […]
Here’s our internal debate about what to do with stocks making all-time highs
The S & P 500 is heading for its best week since March. The broad-market index and the tech-heavy Nasdaq both closed Thursday at their highest levels since April 2022. Along the way, many of Club stocks have recently hit new 52-week highs, with some of those milestones taking us […]
Here are key things to know as Supreme Court nears decision on Biden’s student loan forgiveness
The United States Supreme Court Building Geoff Livingston | Moment | Getty Images The Supreme Court is expected to issue a ruling on the Biden administration’s student loan forgiveness plan this month. That decision will play a role in shaping the financial futures of 40 million Americans. If the justices […]
You can rent the iconic mansion where Walt Disney created ‘Bambi’ and ‘Snow White’ for $40,000 a month
There’s a new one-of-a-kind opportunity available to Disney’s biggest fans. Walt Disney’s famous “Storybook Mansion” has hit the market, with the Los Angeles home available to rent for $40,000 per month. Disney himself lived in the 6,400-square-foot mansion for 18 years from its construction in 1932 until 1950, a period […]
Michael Jordan is selling his majority stake in the Charlotte Hornets for $3 billion
Charlotte Hornets owner Michael Jordan responds to a question during a news conference at Spectrum Center in Charlotte, North Carolina, Oct. 28, 2014. Jeff Siner | Tribune News Service | Getty Images Basketball legend Michael Jordan has agreed to sell his majority stake in the National Basketball Association’s Charlotte Hornets […]
Binance France chief brushed off concerns days before police visit
Changpeng Zhao, founder and CEO of Binance, waves as he arrives on stage for a panel session on the second day at the VivaTech Conference in Paris, June 16, 2022. Bloomberg | Bloomberg | Getty Images PARIS — Days before French police visited Binance’s Paris office, the crypto exchange’s top […]
FTC Chair Lina Khan refused to sit out agency’s case against Meta despite ethics concerns, report says
FTC Chairwoman Lina Khan testifies during the House Energy and Commerce Subcommittee on Innovation, Data, and Commerce hearing titled “Oversight of the Securities and Exchange Commission,” in Rayburn Building on Tuesday, April 18, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images WASHINGTON — Federal Trade Commission Chair Lina […]
Elon Musk says Tesla’s market cap is directly tied to whether it solves autonomous driving
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, June 16, 2023. Chesnot | Getty Images Tesla CEO Elon Musk thinks the automaker’s market capitalization is directly tied to whether the automaker is […]