The economy is on the path to recovery but it’s still far from repaired. Yet investors and economists are already worried it might be growing too fast. Here’s what experts actually mean when they talk about the “overheating” economy. Just over a year ago, the US economy faced its worst downturn on record as businesses
Continue Reading Warren Buffett’s Berkshire Hathaway returned to profitability in the first quarter of this year after reporting a nearly $50 billion loss during the first quarter of 2020 due to the Covid-19 pandemic. Berkshire Hathaway, a sprawling conglomerate that owns companies ranging from the Geico insurance giant and Burlington Northern Santa Fe railroad to well-known consumer
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Eli Broad, an entrepreneur and businessman known for creating two billion-dollar businesses and establishing the iconic Broad Museum in Los Angeles, has died at the age of 87, the Eli and Edythe Broad Foundation said Friday. “As a businessman, Eli saw around corners, as a philanthropist he saw the problems in the world and tried
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ELDON, Mo. (KMIZ) Quaker Windows and Doors is beginning Phase III with a visit from Gov. Mike Parson and a celebration of the one-year anniversary of Quaker Windows and Doors opening its manufacturing facility and offices on their 160 acre campus in Eldon, MO. Gov. Parson will tour the commercial window manufacturing facility and offices.
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COLUMBIA, Mo. (KMIZ) A Columbia medical marijuana dispensary claims the city’s development rules conflict with the laws voters approved. A lawsuit filed by GRD Columbia, LLC asked a Boone County judge to stop the city from requiring changes to the property based on its development code. That includes landscaping and traffic design rules that the
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India’s government locked down the country last year to avoid an out-of-control Covid-19 outbreak that so many of the world’s countries had endured. The plan was largely successful, but it crippled India’s economy in the process. Now India is facing its own devastating Covid-19 crisis, and Prime Minister Narendra Modi is reluctant to put his
Continue Reading Across the country, Americans are getting vaccinated. States and cities are loosening pandemic-related restrictions. And people are heading back to restaurants. According to OpenTable, which has been keeping tabs on the industry using data from the restaurants that employ its reservations platform, the percentage of seated customers at US restaurants open for reservations is hovering
Continue Reading Peloton has found its polish slightly fading this year after a prosperous 2020 that catapulted the fitness company into a new stratosphere of popularity. This weekend, it’s engaging in some self-care to reinvigorate itself. It’s bringing its fervent fans together — virtually, of course -— for Homecoming, a free three-day event that can best be
Continue Reading Peloton has found its polish slightly fading this year after a prosperous 2020 that catapulted the fitness company into a new stratosphere of popularity. This weekend, it’s engaging in some self-care to reinvigorate itself. It’s bringing its fervent fans together — virtually, of course -— for Homecoming, a free three-day event that can best be
Continue Reading Across the country, Americans are getting vaccinated. States and cities are loosening pandemic-related restrictions. And people are heading back to restaurants. According to OpenTable, which has been keeping tabs on the industry using data from the restaurants that employ its reservations platform, the percentage of seated customers at US restaurants open for reservations is hovering
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The economic recovery is underway and while there’s still plenty of work to be done, new data on Americans’ incomes shows the government’s spending efforts are bearing fruit. American wallets got a big cash injection in March as personal incomes rose 21.1%, or $4.2 trillion, marking the largest monthly increase on record, the Bureau of
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Condom sales have been in a slump during the pandemic as people sheltered at home and put their sex life on hold. But now, as more Americans are getting vaccinated and Covid-19 safety restrictions are loosening, condom makers are no longer having trouble getting their sales up. Male condom sales in the United States increased
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Walmart is setting up vaccination clinics for more than 200,000 of its workers and their families in India, as the country grapples with a devastating second wave of the Covid-19 pandemic. The world’s biggest retailer is also leveraging its global supply chain to procure urgently needed oxygen equipment. Although Walmart does not operate any stores
Continue Reading For Rachael Freedman, shopping for on-demand grocery delivery startup Instacart felt like something of a dream job. Freedman, who is based in San Diego, signed up for the service in November 2020 after staying at home for years to take care of her kids. “I loved the flexibility. I liked the money. It was good
Continue Reading Europe fell deeper into recession in the first three months of the year, but the region’s economy is already turning a corner and looks set to bounce back as coronavirus restrictions ease. EU GDP contracted by 0.4% between January and March, compared with the previous quarter, statistics agency Eurostat said in a statement on Friday.
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Social media influencers have enormous power to set trends, create overnight sensations and broadly define what’s cool. Josh Richards, a 19-year-old determined to be the world’s first influencer billionaire, isn’t shy about flexing that clout. Unsatisfied with simply promoting brands on social media, Richards is now focused on buying stakes in startups — and then
Continue Reading European regulators have accused Apple of violating EU antitrust law, saying the company’s app store rules unfairly restrict rival music services. Margrethe Vestager, the European Commission’s top antitrust official, said Friday that Apple is in breach of competition law because it charges app developers high commission fees and forbids them from telling users about cheaper
Continue Reading Throughout the pandemic, Amazon has had no trouble generating huge returns. Once the Covid-19 crisis passes, it’s in great shape to make even more money. What’s happening: The internet giant’s profits more than tripled to $8.1 billion in the first three months of 2021. Shares, which are near an all-time high, are up 2% in
Continue Reading Chinese regulators have ordered more than a dozen tech companies to fix the most “prominent problems” of their financial units, escalating a historic crackdown on the sector that has already engulfed some of the country’s top players. In a statement Thursday, the People’s Bank of China said that it had summoned 13 companies, including Tencent,
Continue Reading Joe Rogan, Spotify’s top podcast host, responded to the controversy surrounding his remarks that healthy young people should not get the Covid vaccine. On Thursday’s episode of his podcast, a snippet of which was posted to YouTube, Rogan brought up how the White House, including Dr. Anthony Fauci, addressed and disagreed with his comments. “I’m
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