Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images Tesla CEO Elon Musk on Friday blasted the Biden administration and Democrats on Twitter, as the world’s richest person doubled down on his vow to vote for Republicans. Musk in a tweet accused […]
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Trump pays $110,000 fine but must do more to lift contempt order, New York AG’s office says
Former U.S. President Donald Trump attends a rally in Perry, Georgia, U.S. September 25, 2021. Dustin Chambers | Reuters Former President Donald Trump paid a $110,000 fine imposed as part of a contempt-of-court order against him, but has failed so far to take all the steps required to lift the […]
Cramer’s week ahead: Stocks can’t stage ‘meaningful’ comeback until major obstacles are resolved
CNBC’s Jim Cramer warned investors on Friday that a market rally has no chance of sustaining until the causes of the turmoil are resolved. “If we want the market to stage a meaningful comeback, we need China to reopen, Russia to withdraw from Ukraine, and the [Federal Reserve] to curb-stomp […]
CDC urges older Americans to get Covid booster shots as hospitalizations soar again
Shana Alesi administers a second COVID-19 booster shot to Army veteran Robert Hall at Edward Hines Jr. VA Hospital on April 01, 2022 in Hines, Illinois. Scott Olson | Getty Images The Centers for Disease Control and Prevention this week urged older Americans to get a Covid booster shot to […]
World Health Organization confirms 80 cases of monkeypox with outbreaks in 11 countries
This 2003 electron microscope image made available by the Centers for Disease Control and Prevention shows mature, oval-shaped monkeypox virions, left, and spherical immature virions, right, obtained from a sample of human skin associated with the 2003 prairie dog outbreak. Cynthia S. Goldsmith, Russell Regner | CDC via AP The […]
Tech stocks are mired in their longest weekly losing streak since dot-com bust
Traders on the NYSE, May 20, 2022. Source: NYSE Tech companies haven’t seen a selloff like since 2001 and the bursting of the dot-com bubble. The Nasdaq declined 3.8% this week, falling for a seventh straight week. It’s the longest losing streak for the tech-heavy index in 21 years. Inflation, […]
Stocks head for another potentially treacherous week, as a slew of retailers report earnings
Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022. Andrew Kelly | Reuters If there’s more bad news from retailers in the coming week, that could be a negative catalyst for an already cranky stock market. Market pros […]
Catholic bishop bars communion to House Speaker Nancy Pelosi over abortion rights support
U.S. House Speaker Nancy Pelosi speaks at the start of a discussion with historians on how to “establish and preserve the narrative of January 6th” on the one-year anniversary of the attack on the Capitol in Washington, January 6, 2022. Al Drago | Pool | Reuters The Roman Catholic archbishop […]
Stocks close flat in wild session Friday that saw the S&P 500 briefly fall into a bear market
Rising recession fears pushed U.S. stocks briefly into a bear market on Friday with the S&P 500’s decline from its all-time high in January reaching 20% at one point. A dramatic late-day reversal pushed the benchmark slightly into the green for the day at the closing bell. The S&P 500 […]
Hyundai to invest $5.5 billion to build EVs and batteries in Georgia
The logo of Hyundai is shown at the #WeAreMobility fair at the 97th edition of the Brussels Motor Show on 18 January 2019, in Brussels. Dirk Waem | AFP via Getty Images Hyundai Motor on Friday confirmed plans to spend $5.54 billion to build its first dedicated electric vehicle and […]