Month: August 2022
How the EV tax credits in Democrats’ climate bill could hurt electric vehicle sales
Tesla cars charge next to a traditional Texaco gas station on July 17, 2022 in Nephi, Utah. With more electric cars on the road, lack of charging infrastructure is becoming more of a problem for EV owners. George Frey | Getty Images Proposed tax credits of up to $7,500 for electric vehicles under the Inflation […]
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Stocks making the biggest moves midday: Coinbase, Roblox, Wendy’s and more
Check out the companies making headlines in midday trading. Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase – Shares of the crypto services operator jumped about 6% despite the company reporting a wider-than-expected loss late Tuesday and a decline in volumes in the […]
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Boeing delivers first 787 Dreamliner since 2021 ending pause over manufacturing flaws
An employee works on the tail of a Boeing Co. Dreamliner 787 plane on the production line at the company’s final assembly facility in North Charleston, South Carolina. Travis Dove | Bloomberg | Getty Images Boeing delivered its first 787 Dreamliner in more than a year on Wednesday, ending a pause on handovers of the […]
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Ripple Labs interested in bankrupt crypto lender Celsius’ assets
In this photo illustration, the Celsius Network logo is displayed on a smartphone screen beside Bitcoin cryptocurrencies. Rafael Henrique | SOPA Images | Lightrocket | Getty Images San Francisco-based blockchain payments company Ripple Labs, which is embroiled in a high-profile battle with the U.S. securities regulator, is interested in potentially purchasing assets of bankrupt crypto […]
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These small banks are a good bet ahead of any possible recession, Piper Sandler says
Bank investors are in a bit of a conundrum. While many banks look cheap on a valuation basis and the industry’s results have held up relatively well as economic growth slowed, the concern remains that if the U.S. enters a recession, the group’s earnings will decline and their shares could fall further. That’s why investors […]
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Why major analysts say Disney’s subscriber guidance needs to come down
As Disney prepares to report earnings Wednesday, major analysts fear further disappointment is in store for investors as streaming subscriber estimates remain too high and need to come down. The entertainment giant has said it plans for its Disney+ streaming service to have between 230 million and 260 million subscribers by the end of 2024. […]
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Gas is cheaper but groceries are not: How to save as food inflation jumps at the fastest pace since 1979
To feel the effects of inflation, just go to the supermarket. Although inflation, overall, began to ease last month along with gas prices, food costs climbed 1.1% in July, bringing the year-over-year gain to 10.9%, according to the latest Consumer Price Index figures. The food-at-home index, a measure of price changes at the grocery store, notched the […]
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WWE discloses another $5 million in McMahon payments, delays earnings report
World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 Ethan Miller | Getty Images Entertainment | Getty Images World Wrestling Entertainment disclosed another $5 million in payments made by former CEO Vince […]
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U.S. charges Iranian national of plot to assassinate former Trump advisor John Bolton
National Security Advisor John Bolton answers questions from reporters as he announces that the U.S. will withdraw from a treaty with Iran during a news conference in the White House briefing room in Washington, October 3, 2018. Jonathan Ernst | Reuters WASHINGTON — The Department of Justice charged an Iranian national on Wednesday for plotting to […]
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Elon Musk sells 7.92 million Tesla shares worth $6.88 billion
NEW YORK, NEW YORK – MAY 02: Elon Musk attends The 2022 Met Gala Celebrating “In America: An Anthology of Fashion” at The Metropolitan Museum of Art on May 02, 2022 in New York City. (Photo by Dimitrios Kambouris/Getty Images for The Met Museum/Vogue) Dimitrios Kambouris | Getty Images Entertainment | Getty Images Tesla CEO […]
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