Month: May 2022
Target employees at Virginia store file for union election amid a broader labor push at big companies
A worker delivers an order to a drive up customer at a Target store on August 19, 2020 in Miami, Florida. Joe Raedle | Getty Images Target has joined the growing list of major companies where employees are trying to form a union. Employees at a Virginia store filed on Tuesday with the National Labor […]
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Home rental prices see slowdown as airfare and lodging costs rise
CNBC’s Seema Mody reports on how inflation is affecting domestic and international travel. Source
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Nearly 7 in 10 Americans want to live to 100, study finds. Here’s how retirement is changing
Despite fears of outliving savings, most Americans still want to live longer, a study on longevity and retirement shows. Nearly 70% of Americans want to live to age 100, with 29 years as the “ideal length” for retirement, according to an Edward Jones and Age Wave report that polled 11,000 adults in the U.S. and […]
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Coinbase shares dive 16% after revenue miss
Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Shares of Coinbase plunged about 16% on Wednesday morning after the company reported shrinking revenue and declining users. Coinbase said Tuesday that revenue fell 27% […]
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How Ford’s F-150 Lightning stacks up against Rivian and Hummer electric pickups
SAN ANTONIO — Ford Motor’s new F-150 Lightning is an electric pickup truck. That may seem obvious given it looks like a truck and has electric motors and a battery pack instead of an engine, but it needs to be said. Why? Because a successful battery-powered pickup is a critical step in the EV transition, […]
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Toyota warns ‘unprecedented’ raw materials costs could cut profits by 20%
Toyota 2023 Sequoia on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC Toyota Motor on Wednesday warned investors that “unprecedented” increases in materials and logistics costs could cut the company’s full-year profit by as much as 20%. The Japanese automaker said it expects materials costs to more than double […]
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Senate to vote on doomed bill to cement abortion rights as Supreme Court threatens to overturn Roe v. Wade decision
Senate Majority Leader Chuck Schumer, D-N.Y., flanked from left by Sen. Debbie Stabenow, D-Mich., and Sen. Kirsten Gillibrand, D-N.Y., holds a news conference on Thursday, May 5, 2022, to announce the Senate will vote on the Women’s Health Protection Act of 2022. Bill Clark | Cq-roll Call, Inc. | Getty Images Senate Republicans on Wednesday […]
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The maker of Marlboro cigarettes is betting big on nicotine pouches placed under your upper lip
Swedish Match generates most of its profit from Swedish-style smoke-free tobacco snuffs, also known as ‘snus.’ Olivier Morin | Afp | Getty Images Marlboro-maker Philip Morris International confirmed Wednesday a $16 billion bid to buy rival Swedish Match as part of its accelerated push into smoke-free tobacco alternatives. Shares of Stockholm-based manufacturer hit a record […]
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Bitcoin drops below $30,000, as hot inflation report causes investors to shun risky assets
A Bitcoin coin lies on a screen showing the Bitcoin – US dollar exchange rate. Fernando Gutierrez-Juarez | picture alliance | Getty Images The price of bitcoin fell below the $30,000 mark on Wednesday for the second time this week, after new data showed inflation is still running near 40-year highs. Bitcoin fell about 7% […]
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Doctors say these pandemic side effects are serious problems—and unlikely ‘to go away anytime soon’
In September 2021, I collapsed from exhaustion. My vision went blurry. Then, my eyelids grew so heavy that I could barely keep them up for milliseconds at a time. Panicked, I stumbled approximately 50 yards toward a nearby friend, and slumped over her shoulders. She guided me to a shady spot under a tree, where […]
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