Tesla Chairman and CEO Elon Musk unveils the new ‘Semi’ electric Truck to buyers and journalists on November 16, 2017 in Hawthorne, California, near Los Angeles. Veronique Dupont | AFP | Getty Images SpaceX is working on an antenna that will connect vehicles like semi-trucks and RVs to its satellite […]
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Booking Holdings CEO warns travelers to make reservations now before prices rise
People should start making travel plans now before prices go up, warned Booking Holdings CEO Glenn Fogel. “People want to travel. Everybody’s just anxious to get their lives back the way it used to be. So I would say go out there, look at [prices] now, if you have to […]
Move over GameStop: Discovery, AMC Networks are latest heavily shorted stocks to see huge 2021 gains
David Zaslav Anjali Sundaram | CNBC It’s not GameStop, but Discovery can thank the Reddit effect for an enormous surge in its stock price this year. Since launching Discovery+ on Jan. 4, Discovery shares are up a whopping 116%, closing Monday up another 4.7% at $67.25 — an all-time high. […]
Pentagon uncertain of U.S. troop withdrawal in Afghanistan as deadline looms
1st Battalion, 501st Infantry Regiment, 4th Brigade Combat Team, 25th Infantry Division, watch as CH-47 Chinook helicopters circle above during a dust storm at Forward Operating Base Kushamond, Afghanistan, July 17, during preparation for an air assault mission. U.S. Army photo WASHINGTON — The Pentagon said Monday that it has […]
Investment firms, private equity advocacy group hire lobbyists as lawmakers target tax loopholes
Investment firms, incluing Cerberus Capital Management and the Carlyle Group, and an organization that advocates for the private equity industry have recently hired lobbyists as lawmakers take aim at tax loopholes. Democrats in Congress are looking to close the carried interest loophole, for instance. Rep. Bill Pascrell, Jr., D-N.J., a […]
Stocks making the biggest moves after the bell: Zoom Video, Stitch Fix, Invitae & more
Zoom CEO Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Check out the companies making headlines after the bell on Monday: Zoom Video – Zoom stock fell 1.3% after The Wall Street Journal reported that founder Eric […]
Melinda Gates says we could reach global herd immunity from Covid sometime in 2022
Melinda Gates, co-chair of the Bill and Melinda Gates Foundation, speaks during a Bloomberg Technology television interview in San Francisco, California, on Tuesday May 7, 2019. Michael Short | Bloomberg | Getty Images Billionaire philanthropist and former tech executive Melinda Gates told CNBC that global herd immunity against Covid-19 could […]
$1,400 stimulus check or unemployment tax relief? American Rescue Plan creates a real tax headache for the jobless
The Internal Revenue Service building in Washington. SAUL LOEB/AFP via Getty Images The $1.9 trillion American Rescue Plan has inadvertently created a conundrum for the unemployed this tax season. The pandemic aid measure, which passed the Senate on Saturday, offers $1,400 stimulus checks and waives federal taxes on a portion […]
Dow rises 300 points to touch a record, Nasdaq sheds 2% as rotation out of tech continues
The Dow Jones Industrial Average climbed on Monday as investors piled into economic comeback plays after Senate approval of a new Covid stimulus package, while a continuous sell-off in high-flying tech shares put pressure on the broader market. The blue-chip benchmark gained 306.14 points, or 1%, to 31,802.44 led by Disney. […]
Cathie Wood says the underlying bull market is strengthening and she’s finding great buying opportunities in the sell-off
Cathy Wood Crystal Mercedes | CNBC Ark Investment Management founder and CEO Cathie Wood said she is not worried about the recent drop in her funds and that the bull market is simply broadening out to include more strategies like value. The hot handed investor added that over time her […]