Month: June 2022
The top 10 companies employees don’t want to leave
With hordes of workers leaving their jobs as part of the Great Resignation, it’s impressive to see big companies that still inspire loyalty from their employees. With that in mind, Resume.io conducted a study on the big-name companies with the top employment retention rates around the world. These companies must be doing something right; many […]
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GM, Ford rising, Tesla falling in EV ‘car wars’ in U.S., Bank of America analyst says
DETROIT – It’s the beginning of the end for Tesla’s dominance of the U.S. electric vehicle industry, according to Bank of America Securities. As startups and legacy automakers introduce a significant number of new electric vehicles, Tesla’s domestic share of the EV market is expected to decrease from 70% or more in recent years to […]
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FTX closes in on a deal to buy embattled crypto lender BlockFi for $25 million in a fire sale
FTX is swooping in to buy crypto lender BlockFi for pennies on the dollar, sources told CNBC. The term sheet is almost over the finish line and expected to be signed by the end of the week, according to one source, who asked not to be named because the deal discussions were confidential. FTX will […]
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FBI adds ‘Cryptoqueen’ to Ten Most Wanted Fugitives List after alleged $4 billion OneCoin fraud
The Federal Bureau of Investigation seal is seen at FBI headquarters. Yuri Gripas | Reuters WASHINGTON — The FBI on Thursday added Dr. Ruja Ignatova, the self-proclaimed ‘Cryptoqueen,’ to its list of Ten Most Wanted fugitives, and is offering a $100,000 reward for information leading to her arrest. Ignatova, the founder of a cryptocurrency called OneCoin that […]
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Winning ticket for Powerball’s $366.7 million jackpot sold in Vermont. Here’s the tax bite for the winner
If you’re holding the winning ticket for Powerball’s $366.7 million jackpot, don’t forget about your silent partner: Uncle Sam. After rolling higher for about two months of three weekly drawings with no winner, the lottery game’s top prize was nabbed in Wednesday night’s drawing. The ticket was purchased in Vermont, which marks the first time […]
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GOP megadonors turn on Trump after Jan. 6 hearings, set sights on DeSantis, Pence and other 2024 hopefuls
A video of former U.S. President Donald Trump from his January 6th Rose Garden statement is played as Cassidy Hutchinson, who was an aide to former White House Chief of Staff Mark Meadows during the Trump administration, testifies during House Select Committee a public hearing to investigate the January 6 Attack on the U.S. Capitol, […]
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For 3-D printing companies, producing in the stock market hasn’t been easy
The University Hospital Trust in Paris acquired 60 FDM 3-D printers from Stratasys in late March 2020 to create an in-house rapid-response supply chain for Covid materials. Stratasys In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. The industry of 3-D printing started with […]
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The market’s worst first half in 50 years has all come down to one thing
Traders on the floor of the NYSE, June 29, 2022. Source: NYSE A multitude of factors conspired to generate the stock market’s worst first-half since 1970, but they all emanated from one word: Inflation. The cost of living started the year running at levels the U.S. had not seen since the early 1980s. Worse, Federal […]
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U.S. takes enforcement action against trust over interest held by Russian oligarch
Russian billionaire, businessman and Council of the Federation Member Suleyman Kerimov attends a meeting on April 14, 2021 in Russia. Mikhail Svetlov | Getty Images The United States on Thursday took enforcement action imposing restrictions against Delaware-based Heritage Trust on the grounds that sanctioned Russian oligarch Suleiman Kerimov holds a property interest, the Treasury Department […]
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Housing shortage starts easing as listings surge in June
A “For Sale” sign is seen outside a home in New York. Shannon Stapleton | Reuters A historic housing shortage – brought on by the one-two punch of slow construction and strong pandemic-induced demand – is finally starting to ease. Active listings for homes jumped 19% in June, the fastest annual pace since Realtor.com began […]
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