A Spirit Airlines jet comes in for a landing at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Spirit Airlines is planning to expand to Miami International Airport later this year, increasing competition among airlines for Florida travelers. Budget airline Spirit, based […]
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Clean Energy Fuels stock soars as retail traders pick new meme stocks
Clean Energy Source: Clean Energy A new day means new targets for the retail trading crowd. Shares of Clean Energy Fuels surged 19.8% by 11:45 a.m. ET on Wednesday, coinciding with mentions of the company jumping on internet chat boards. Clean Energy Fuels was the second-most discussed name among retail […]
J&J CEO says people will likely need Covid vaccine with annual flu shot for next several years as variants spread
Chairman and CEO of Johnson & Johnson Alex Gorsky speaks during an event at the South Court Auditorium of the Eisenhower Executive Office Building March 10, 2021 in Washington, DC. Alex Wong | Getty Images Johnson & Johnson CEO Alex Gorsky reiterated Wednesday that people will likely need to receive […]
Biden revokes and replaces Trump executive orders that banned TikTok
President Donald Trump has agreed to a deal in which Oracle and Walmart will take a minority stake in a U.S.-headquartered company called TikTok Global. ByteDance, TikTok’s parent company, says it will have an 80% stake. Nicolas Economou | NurPhoto | Getty Images President Joe Biden signed an executive order […]
Clover Health pops at open but fades as Reddit trade finds new targets
Clover Health featured at the Nasdaq Source: Nasdaq Shares of Clover Health surged at the open on Wednesday before paring those early gains, continuing a volatile period for the Medicare insurance stock that has become a favorite of traders on Reddit. Clover was trading at $23 per share shortly after […]
Instagram CEO says Facebook will help users get around Apple’s cut of transactions
Facebook is setting its sights on the creator economy, hoping to allow millions of people to make a living off its family of apps. But the company wants to promote offline transactions between creators and companies in order to avoid Apple‘s 30% cut of in-app purchases, Instagram head Adam Mosseri […]
Half of Americans 12 and older are fully vaccinated as daily Covid case counts remain below 15,000
A 12-year old girl receives the Pfizer-BioNtech vaccine in New York City on May 14th, 2021. Adam Jeffery | CNBC Half of Americans aged 12 and older are now fully vaccinated, according to data published by the Centers for Disease Control and Prevention on Tuesday. The CDC signed off on […]
Clover Health jumps 20% in premarket trading as frenzy continues. Shares are up more than 150% this week
Clover Health featured at the Nasdaq Source: Nasdaq Shares of Clover Health surged again in premarket trading on Wednesday, continuing a dramatic move for a Medicare insurance stock that has become a favorite of traders on Reddit. Clover was trading at $26.60 per share in premarket trading, up 20% from […]
LinkedIn bets on remote events, investing in $5 billion-plus virtual platform company Hopin
Hopin CEO Johnny Boufarhat. Hopin Microsoft CEO Satya Nadella laid out his plans in March for a future of hybrid work. Now, his company’s LinkedIn division is wagering that people will continue to convene online even after offices reopen. Virtual conference technology company Hopin, which was valued at $5.65 billion […]
Mortgage rates drop, but not enough for priced-out homebuyers
A real estate agent and a potential home buyer in Coral Gables, Fla. Getty Images Mortgage rates fell slightly last week, but not enough to light a fire under mortgage demand. Total mortgage application volume decreased 3.1% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index. The […]