More than a year since Tesla unveiled the first version of the Cybertruck, the company has been mostly silent about plans for its highly anticipated electric pickup. But CEO Elon Musk said an updated version of the Cybertruck might be coming soon. On Saturday, Gary Black, the former CEO of Aegon Asset Management, tweeted, “@elonmusk
Continue Reading As the pandemic drags on, big chains like Target and Nordstrom are looking for ways to keep consumers coming back to their stores. One go-to strategy is the store-within-a-store concept. It’s a way for one retailer to join forces with another by setting up a pop-up shop within their stores. Industry analysts say the approach
Continue Reading It’s been nearly a year since the coronavirus pandemic ended the S&P 500’s longest-ever bull run and sent stocks everywhere into a violent nosedive. The turmoil was a fitting start to a year of frenzied activity. The virus continues to wreak havoc on our daily lives, but markets have long since forgotten the painful reckoning.
Continue Reading More help is coming soon for the millions of Americans struggling to afford high-speed internet at home, which has become essential for school, work and many other areas of life during the pandemic. Congress’ December Covid-19 relief bill included $3.2 billion to help low-income Americans pay for broadband service, as the country continues its push
Continue Reading When Brittany Hall from upstate New York received her first Covid-19 vaccine after barely leaving home since last March, she pulled out her phone and took a selfie to mark the occasion. “I cried so hard the lady that helped me had to comfort me,” she said in a tweet along with the picture. “I
Continue Reading John David McAfee, the eccentric antivirus software pioneer, has been indicted on fraud and money laundering charges by the Department of Justice, which alleges he and a business partner participated in a scheme that earned more than $13 million by falsely promoting cryptocurrency to unwitting investors. McAfee, 75, and a member of his “cryptocurrency team,”
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It took them a few hours, but investors finally decided that good economic news is good for Wall Street. The Dow skyrocketed more than 570 points, or 1.9%, Friday. It was a wild day for stocks, with the Dow surging more than 300 points after the opening bell before briefly turning negative in the late
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Reddit has hired its first-ever chief financial officer. The company announced Friday it appointed Drew Vollero to the position — weeks after the site was thrust into the spotlight because of its role in the GameStop trading frenzy. Vollero’s appointment adds to speculation about a Reddit initial public offering, a move its senior leaders have
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It took them a few hours, but investors finally decided that good economic news is good for Wall Street. The Dow was up more than 500 points, or 1.7%, in late afternoon trading. It was a wild day for stocks, with the Dow surging more than 300 points after the opening bell before briefly turning
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A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. On Thursday I devoured a column by political thinker Lee Drutman, for 538, titled “How Much Longer Can This Era Of Political Gridlock Last?” His answer was, in essence, that hyper-partisan politics are here to
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Jeep’s new boss says the company is open to dropping the name “Cherokee” from its vehicles in response to objections from the Cherokee Nation. The company is engaged in talks with officials from the Native American tribe, according to Carlos Tavares, CEO of Stellantis, the recently merged automaker that includes the Jeep brand. Tavares made
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The United States and European Union have agreed to suspend for four months all tariffs related to the long-running dispute over subsidies to Boeing and Airbus. The suspended tariffs mark a first step toward repairing a transatlantic trade partnership that’s been strained for nearly 17 years by complaints on both sides about subsidies to the
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Investors can’t decide if good economic news is good for Wall Street. Although stocks opened sharply higher following a solid February jobs report Friday, with 379,000 jobs added last month, the market has been on a wild ride ever since. The Dow was up nearly 350 points, or 1.1%, at midday which was near its
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Jeep’s new boss says the company is open to dropping the name “Cherokee” from its vehicles in response to objections from the Cherokee Nation. The company is engaged in talks with officials from the Native American tribe, according to Carlos Tavares, CEO of Stellantis, the recently merged automaker that includes the Jeep brand. Tavares made
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Twitter is working on a feature that could offer users a short window of time to rethink posting a tweet even after they hit send. The company confirmed to CNN Business on Friday it is testing an undo option that would potentially let users retract or correct a tweet before it’s officially posted on the
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Like many across the United States, Deanne Primozic Kasim watched her mother struggle to secure a vaccine appointment online. Then, she turned to a service that’s become a lifeline for many in the pandemic: Nextdoor. On the hyperlocal social network, where neighbors connect with neighbors, Kasim, who works on health policy and government affairs, came
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After a year of relief, robocalls are back up to pre-pandemic levels. Americans received more than 4.6 billion robocalls in February, up 15% compared to January, according to new data from YouMail, a robocall-prevention service that tracks robocall traffic across the United States. About 159.1 million robocalls were placed each day last month. This marked
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So much for good economic news actually being treated as good news on Wall Street. Although stocks opened sharply higher following a solid February jobs report Friday, with 379,000 jobs added last month, the enthusiasm quickly faded in what has turned out to be a volatile day of trading. The Dow climbed more than 300
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So much for good economic news actually being treated as good news on Wall Street. Although stocks opened sharply higher following a solid February jobs report Friday, with 379,000 jobs added last month, the enthusiasm quickly faded. The Dow climbed more than 300 points after the opening bell, or 1%, while the S&P 500 and
Continue Reading His past clients say he’s a scammer who ran off with their money, and a judge barred him from illegally masquerading as a certified public accountant after government officials caught on to his scheme. But none of that stopped James Polzin and companies linked to him from seeking — and being granted — at least
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