Tahir Johnson said he’s on track to be one of the first people with a marijuana related conviction to open a licensed dispensary in New Jersey. “The generational wealth this will create for my family is surreal,” he said. Stefan Sykes for CNBC TRENTON, N.J. — Tahir Johnson has been […]
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Ford warned F-150 Lightning owners about separate EV battery issue before this month’s fire
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – A defective battery that caused a Ford F-150 Lightning in the company’s possession to catch fire earlier this month isn’t the only problem […]
Gas, airfares, car insurance: How transportation costs are impacting high inflation
A gas station in Arlington, Virginia. Xinhua News Agency | Xinhua News Agency | Getty Images New government data for January shows high inflation has continued into the new year. That has some economists worried high prices may prove to be sticky, even as the Federal Reserve works to slow […]
DraftKings stock surges after sports-betting company boosts outlook
In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen. Budrul Chukrut | Lightrocket | Getty Images Shares DraftKings surged Friday morning after the sports-betting company reported stronger-than-expected revenue and raised its outlook for 2023. The bump in […]
Dropbox finance chief warns San Francisco office space market has ‘deteriorated’
Dropbox CEO Drew Houston speaks onstage during the Dropbox Work In Progress Conference at Pier 48 on September 25, 2019 in San Francisco Matt Winkelmeyer | Dropbox | Getty Images Dropbox said in its fourth-quarter earnings statement on Thursday that it recorded an impairment in the period of $162.5 million […]
Investors and techies gather in San Francisco to bathe in generative A.I. hype sparked by ChatGPT
The tech industry may seem like it’s in a lull, plagued by widespread layoffs at major tech companies and a down economy, but that air of doom wasn’t apparent at a gathering of techies and investors in San Francisco on Tuesday. Instead, there was an overarching feeling of optimism. related […]
Maker of promising Alzheimer’s drug Leqembi expects full FDA approval this summer, expanded Medicare coverage
Tek Image/science Photo Library | Science Photo Library | Getty Images Japanese drugmaker Eisai expects the Food and Drug Administration to fully approve its Alzheimer’s treatment Leqembi this summer, which would expand access to the pricey new antibody under Medicare. U.S. CEO Ivan Cheung said the FDA, which granted accelerated […]
‘Crisis point’: Foreign policy experts and investors are divided on China
A Chinese spy balloon flies above in Charlotte NC, United States on February 04, 2023. Experts say their appearance has raised serious questions about Beijing’s deep surveillance efforts. Anadolu Agency | Anadolu Agency | Getty Images Top foreign policy experts expressed grave concerns about the state of U.S.-China relations at […]
Top 10 things to watch in the stock market Friday: Market slide, optimism on Club stocks
Top 10 things to watch Friday, Feb. 17 1. Thursday’s late-day market selloff on hawkish Fed talk extends into Friday with the Dow , the S & P 500 and the Nasdaq set to open lower. Oil prices pull back 3%. The 10-year Treasury yield , at roughly 3.9%, hasn’t […]
Here’s how this entrepreneur built his $3 million business buying cars at auctions
Craig Stowell loves what he does for a living. He gets to follow his passion and go car shopping as a profession. Stowell owns Flying Wheels, a car dealership in Danville, New Hampshire. The business, which is valued at an estimated $3 million, buys about 80% of its cars at […]