Month: May 2022
Tesla stops taking orders for Cybertruck outside North America
Tesla co-founder and CEO Elon Musk gestures while introducing the newly unveiled all-electric battery-powered Tesla Cybertruck at Tesla Design Center in Hawthorne, California on November 21, 2019. FREDERIC J. BROWN | AFP | Getty Images U.S. electric vehicle manufacturer Tesla has stopped taking orders for its upcoming Cybertruck pickup truck outside of North America, according […]
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Is it cake? This 19-year-old Netflix show contestant is making 6-figures in his bakery business
When Justin Ellen received a “random” direct message on Instagram asking if he would like to be part of a Netflix show called “Is It Cake?” — he thought it was “very sketchy.” It was only when they said there was an interview that he realized, “OK, it’s legit,” said the youngest contestant of the […]
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Shooting at Taiwanese church in California that killed 1, wounded 5 investigated as hate crime, FBI says
A church staff member raises police tape for a car to exit at the Geneva Presbyterian Church May 16, 2022 after one person was killed and five injured during a shooting May 15, 2022 at the church in Laguna Woods, California. The shooting was motivated by political tensions between China and Taiwan, authorities said Monday, […]
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International travel in first and business class is recovering faster than in economy: Industry body
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Home affordability at 2007 bubble levels, but crash is unlikely: Blackstone’s Joe Zidle
A major Wall Street firm is drawing a striking parallel to the housing bubble. Blackstone’s Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major difference: Most owners aren’t using their homes like an ATM. “That caused so many people to go upside […]
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Global fund manager explains why he loves these 2 retail stocks right now
Pella Funds Management’s Jordan Cvetanovski has named two retail stocks he says stand out and are likely to ride out the current market volatility. Cvetanovski, chairman, chief investment officer and portfolio manager at Pella, named U.S. discount store Dollar General and U.K.-based apparel retailer JD Sports as picks during CNBC Pro Talks . While shoppers […]
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Some factories might leave China, but in the grand scheme of things it doesn’t matter much
China still holds the cards for global supply chains, whether or not Covid lockdowns frustrate businesses in the near term. An employee works on the production line of the screens for 5G smartphones at a factory on May 13, 2022 in Ganzhou, Jiangxi Province of China. Zhu Haipeng | Visual China Group | Getty Images […]
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Backed by Murdoch and Koch, Pennsylvania Senate GOP campaigns spend over $55 million on primary ads
The Pennsylvania Senate Republican primary on Tuesday could be one of the most expensive races in the 2022 election cycle, with candidates and political action committees spending more than $55 million on television and radio ads, according to ad tracker Medium Buying. Data shows that the campaigns of former Bridgewater Associates CEO Dave McCormick and […]
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Asia-Pacific stocks mixed; Reserve Bank of Australia meeting minutes ahead
SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday morning trade, with investors looking ahead to the release of meeting minutes from the Reserve Bank of Australia. The Nikkei 225 in Japan slipped 0.13% in early trade while the Topix index hovered above the flatline. South Korea’s Kospi climbed 0.46% while the S&P/ASX 200 in […]
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Jim Cramer says to consider these five high-yielding stocks to upgrade your portfolio
CNBC’s Jim Cramer on Monday gave investors a list of five “accidentally high yielders” that he believes will provide investors refuge in the currently unpredictable market. “At the depths of the [2008] financial crisis, you got an amazing opportunity to buy the accidentally high yielders … real companies with stable dividends that had seen their […]
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