Business

[ad_1] General Motors (GM) has confirmed that it is working on a new GMC electric pickup truck to keep up with the GMC Hummer EV. It will be GM’s third electric pickup after the electric Silverado. The race to bring the first electric pickup to the US market is intensifying. Rivian, the market first to … Read more

[ad_1] Stock futures soared in trading overnight on Monday after concerns over the spread of the delta variant of Covid-19 prompted investors to dump stocks, especially those directly affected by the pandemic restrictions. Futures contracts on the Dow Jones Industrial Average rebounded 80 points. S&P 500 futures gained 0.3% and Nasdaq 100 futures traded up … Read more

[ad_1] According to a July 19 Treasury Department reading, Secretary Janet Yellen urged the Presidential Financial Markets Task Force (PWG) to act on the regulation of stablecoins. Yellen “stressed the need to act quickly to ensure that an appropriate US regulatory framework is in place,” said the announcement. The PWG officially includes the Treasury, the … Read more

[ad_1] By Maggie Brown, WRAL Multiplatform Producer Graham, North Carolina – A car passed through the doors of a Wendy’s restaurant in North Carolina on Monday morning, officials said. When officials arrived, they found the car inside the fast food restaurant on South Main Street in Graham. The photos show that the car was largely … Read more

[ad_1] Stocks, bond yields and oil prices fell on Monday in the sharpest sign yet as investors doubt the strength of the global economic recovery that has sent markets soaring this year. Markets rallied in the first half of 2021, thanks to investor bets that economies would rebound, as countries roll out Covid-19 vaccinations and … Read more

[ad_1] Academy Sports & Outdoors: “I still love it … I’m a buyer.” Sherwin-Williams: “The gross costs are now too high. I’m worried. I don’t think you can buy this stock anymore until we see the gross costs go down, and then I’ll feel better. “ SoFi: “I think SoFi should stop dropping soon. I … Read more

[ad_1] When Jeff Bezos, the billionaire founder of Blue Origin, launched into space on his company’s New Shepard suborbital rocket on Tuesday, July 20, and his three teammates will draw on just over a dozen hours of flight training. Bezos, his brother Mark, Mercury 13 aviator Wally Funk and 18-year-old physics student Oliver Daemen are … Read more

[ad_1] Investors behaved as they did at the start of the pandemic on Monday, pumping money into so-called home stocks, whose business models seem almost tailor-made to thrive despite lockdowns. Peloton shares climbed more than 7 percent. Etsy’s stock, which soared last year as consumers searched for homemade face masks, jumped 3.2%. Daily business briefing … Read more

[ad_1] Stock market futures rose during Monday’s after-hours session, indicating that Wall Street would open higher on Tuesday, after the rise in COVID-19 infections reasserted itself and ricocheted through the markets. During Monday’s session, the major benchmarks suffered their worst declines of 2021, crushing quarterly earnings which almost uniformly reflected a strong rebound. The growing … Read more