[ad_1] Text size Covid-19 fears were the trigger for a massive sell-off on Monday. But the markets had to undergo a correction. Patrick T. Fallon / AFP via Getty Images Investors turned defensive on Monday, with stocks falling, bond prices rising and commodities trading as if there was another Covid-induced recession ahead. Fears over the … Read more
[ad_1] Ben & Jerry’s new anti-Trump ice cream Vermont ice cream giant and social justice enclave Ben & jerry’s received backlash on Monday from Israeli Prime Minister Naftali Bennett and his predecessor, Benjamin Netanyahu, after announcing that the company would no longer sell its frozen desserts in “Occupied Palestinian territory. “ The ice cream company … Read more
[ad_1] 2022 GMC Hummer EV Sport Utility Truck “Edition 1” DG DETROIT – General Motors confirmed Monday that it will offer at least three large electric pickup trucks over the next several years, as enthusiasm for the segment continues to grow. The latest to be announced by the Detroit automaker is a full-size electric pickup … Read more
[ad_1] Cade Metz, senior writer of Wired, and Arvind Krishna, CEO of IBM, then senior vice president and director of IBM Research, speak on stage at the Wired Business Conference in New York on June 16, 2016. Brian Ach | Wired | Getty Images IBM shares rose 4% in extended trading on Monday after the … Read more
[ad_1] Jeff Bezos, the richest man in the world, flies into space Tuesday morning aboard his company’s suborbital rocket. He is accompanied by a motley crew of three other passengers: his brother Mark, aviation icon Wally Funk, 82, and Oliver Daemen, an 18-year-old Dutch high school student. The mission, called NS-16, will mark the first … Read more
[ad_1] Vlad Tenev attends the Breakthrough 2020 Awards Ceremony at NASA Ames Research Center on November 3, 2019 in Mountain View, California. Taylor Hill | Getty Images Robinhood CEO and co-founder Vlad Tenev will have a paper fortune of more than $ 2.5 billion when the company begins trading, according to an SEC filing. But … Read more
[ad_1] Text size The New York stock exchange. (Photo by Angela Weiss / AFP) AFP via Getty Images Investors are worried again about Covid-19. Rising infection rates have left stocks far in the red, with a loss of over 2% for the Dow Jones Industrial Average. But Covid fears and infection rates have been rising … Read more
[ad_1] S&P Global Market Intelligence’s supply chain research unit Nike (NKE) may be running out of Vietnamese-made sneakers due to a production shutdown at three Vietnamese factories in China, according to a new analysis from Panjiva. due to the increase in COVID-19 infections in the region. Vietnam is crucial for Nike’s supply chain. Panjiva data … Read more
[ad_1] Before the pandemic, the shortest recession occurred in the 1980s, lasting six months. Nationwide shutdowns began in March last year. Companies have closed, laying off millions of Americans. Schools have switched to distance learning, forcing even more people out of work. All of this has plunged the US economy into a deep hole. Economic … Read more
[ad_1] In early July, President Joe Biden’s US Department of Education canceled nearly $ 56 million in student loan debt for some 1,800 borrowers, bringing the administration’s total to about $ 1.5 billion written off. While this is a victory for many borrowers, it’s not a sign that large-scale student debt cancellation will necessarily come … Read more