Month: April 2022
More contagious omicron BA.2 on track to displace other variants in U.S. in next two weeks
A resident receives a Covid-19 swab test during a mobile clinic at Saint Paul MB Church in Cleveland, Mississippi, on Saturday, Jan. 8, 2022. Rory Doyle | Bloomberg | Getty Images The more contagious omicron BA.2 subvariant now makes up 72% of Covid infections that have undergone genetic sequencing in the U.S., according to data […]
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Stock futures are flat in overnight trading after tech-led rally
Traders on the floor of the NYSE, April 4, 2022. Source: NYSE Stock futures were flat in overnight trading Monday after investors bought the dip in technology shares following recent weakness. Futures on the Dow Jones Industrial Average dipped 14 points. S&P 500 futures were little changed, and Nasdaq 100 futures edged 0.1% lower. The […]
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Senators reach $10 billion Covid funding deal for therapeutics, vaccines and testing
U.S. Senator Mitt Romney (R-UT) speaks during a Senate Health, Education, Labor, and Pensions Committee hearing to examine the federal response to the coronavirus disease (COVID-19) and new emerging variants at Capitol Hill in Washington, D.C., January 11, 2022. Greg Nash | Pool | Reuters Senate Republicans and Democrats reached a deal Monday on $10 […]
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Elon Musk just bought 9% of Twitter—here’s how much money you’d have if you invested $1,000 five years ago
Twitter shares soared in Monday morning trading after filings revealed that Tesla CEO Elon Musk had purchased a 9.2% stake in the social network. Musk’s 73,486,938 shares make him Twitter’s largest shareholder, and were valued by CNBC at $2.89 billion at Friday’s closing price — a fraction of the world’s richest man’s $273 billion fortune, […]
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These are RBC’s top ideas for long-term investors heading into the second quarter
Here are 10 high conviction stocks RBC likes heading into the second quarter. Source
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Climate change could cost U.S. $2 trillion each year by the end of the century, says White House
Dry cracked earth is visible in an area of Lake Powell that was previously underwater on March 28, 2022 in Page, Arizona. As severe drought grips parts of the Western United States, water levels at Lake Powell dropped to their lowest levels since the lake was created by damming the Colorado River in 1963. Justin […]
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Elon Musk thumbs his nose at the SEC again with Twitter stake
Entrepreneur and business magnate Elon Musk gestures during a visit at the Tesla Gigafactory plant under construction, on August 13, 2021 in Gruenheide near Berlin, eastern Germany. Patrick Pleul | AFP | Getty Images The Securities Exchange Commission has another reason to come after Elon Musk. The world’s richest man disclosed Monday that he’s acquired […]
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How Walmart thwarted $4 million in elder gift card scams
A gift card display stands at a Walmart Inc. store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Technology developed by Walmart helped the retail giant identify and freeze nearly $4 million in gift cards that had been bought by thousands of primarily elderly victims at the direction of con artists who […]
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EV start-up Polestar signs deal to supply up to 65,000 vehicles to Hertz
Swedish electric vehicle maker Polestar will supply up to 65,000 vehicles to car rental giant Hertz Global over the next five years, the two companies announced Monday morning. Hertz will begin making fully electric Polestar 2s available via its network in Europe this spring, and in North America and Australia before the end of 2022. […]
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Electric and hybrid vehicles will account for nearly half the cars on the road by 2040, Goldman predicts
Electric vehicles are expected to make up a larger share of cars on the road by the end of the decade, benefiting a host of companies across industries. Source
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