BMW Concept XM BMW BMW on Monday evening unveiled a new high-performance concept vehicle that previews an electrified crossover expected to begin production late next year in South Carolina. The new production car, called the BMW XM, will be available exclusively as a plug-in hybrid electric vehicle under the company’s […]
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Jim Cramer’s investment playbook for the Covid omicron variant
CNBC’s Jim Cramer on Monday laid out his investment playbook for two economic scenarios that could materialize as a result of the Covid omicron variant. The heavily mutated variant has spooked some investors, particularly during Friday’s holiday-shortened session in which the Dow Jones Industrial Average recorded its worst day since […]
CNN host Chris Cuomo used his media sources to find out info on brother Andrew’s accusers, records show
Governor of New York Andrew Cuomo and Chris Cuomo in 2018. Dia Dipasupil | Getty Images CNN host Chris Cuomo used his sources in the media world to seek information on women who accused his brother Andrew Cuomo, then the governor of New York, of sexual harassment, according to documents […]
Elizabeth Holmes details abusive relationship with Theranos ex-president Balwani ahead of cross-examination
Elizabeth Holmes on the stand Source: Vicki Behringer SAN JOSE, CALIF. — In emotional and at times tearful testimony on Monday, Theranos founder Elizabeth Holmes accused ex-boyfriend Ramesh “Sunny” Balwani, who was also the company’s president, of a pattern of physical and psychological abuse, including forced sex. Holmes, 37, took […]
CDC steps up its Covid vaccine booster recommendation amid concerns about omicron variant
Rochelle Walensky, director of the U.S. Centers for Disease Control and Prevention (CDC), speaks during a Senate Health, Education, Labor, and Pensions Committee hearing in Washington, D.C., on Thursday, Nov. 4, 2021. Al Drago | Bloomberg | Getty Images The Centers for Disease Control and Prevention on Monday strengthened its […]
HashiCorp aiming for $13 billion valuation in IPO, according to updated prospectus
HashiCorp employees at the start-up’s HashiConf conference in San Francisco in October 2018. HashiCorp Cloud software vendor HashiCorp updated its IPO prospectus on Monday, disclosing plans to sell shares at a price that would value the company at up to $13 billion. HashiCorp, which was last valued in the private market at […]
Powell to tell Senate omicron variant poses downside risk to economy, complicates inflation picture
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch | Reuters Federal Reserve Chairman Jerome Powell believes that the omicron variant of Covid-19 and […]
S&P 500 bounces 1.3% from Friday’s rout after Biden says there’s no need for Covid omicron lockdowns
Stocks bounced on Monday, following Friday’s big sell-off, after President Joe Biden said economic lockdowns in response to the omicron Covid variant are currently off the table. The Dow Jones Industrial Average gained 236.6 points to 35,135.94. The S&P 500 added 1.3% to 4,655.27, and the tech-focused Nasdaq Composite rose 1.9% […]
Lululemon fires back at Peloton in growing feud over clothing patents
An employee restocks clothes on display at the Lululemon Athletica sports apparel store on Regent Street in London. Simon Dawson | Bloomberg | Getty Images Lululemon on Monday filed an anticipated patent lawsuit against Peloton, in a growing feud over the designs of its sports bras and leggings. In the […]
Biden says he doesn’t expect more travel restrictions or lockdowns as Covid omicron variant spreads
President Joe Biden on Monday said he doesn’t expect the U.S. to impose additional travel restrictions to stem the spread of the coronavirus omicron variant, sending some airline stocks higher. Airline and aerospace stocks fell sharply on Friday after several countries reported cases of the omicron variant and established new […]