Month: February 2023
New York business office of Rep. George Santos vandalized with graffiti, police say
U.S. Rep. George Santos (R-NY) leaves the Capitol Hill Club as users of the press adhere to him on January 31, 2023 in Washington, DC. Alex Wong | Getty Illustrations or photos Information | Getty Photos The New York district place of work of U.S. Rep. George Santos was vandalized with graffiti that spelled out […]
Read More
Ford sold 91 million shares of EV startup Rivian last year
RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in Rivian. Source: Ford Motor Co. DETROIT – Ford Motor liquidated most of its ownership stake last year in electric vehicle maker Rivian Automotive, according to the Detroit automaker’s annual report submitted to the Securities and Exchange […]
Read More
Vince McMahon open to leaving WWE for good if he sells the company, CEO Nick Khan says
Vince McMahon attends a press conference at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. Michael N. Todaro | Getty Images World Wrestling Entertainment Executive Chairman Vince McMahon is open to stepping away from the company “if it’s the right deal,” according to WWE CEO Nick Khan. Shares of the company closed […]
Read More
Tech stocks just finished a five-week rally — the longest stretch since market peak in Nov. 2021
Tech stocks on display at the Nasdaq. Peter Kramer | CNBC The Nasdaq just wrapped up its fifth straight week of gains, jumping 3.3% over the last five days. It’s the longest weekly winning streak for the tech-laden index since a stretch that ended in Nov. 2021. Coming off its worst year since 2008, the […]
Read More
Don’t risk a tax audit. Here are four reasons the IRS may flag your return
dmphoto | E+ | Getty Images Tax season is underway, and there’s been increased scrutiny of the IRS as it starts deploying part of the nearly $80 billion in funding approved for the agency by Congress in August. While Treasury Secretary Janet Yellen has said goals include boosting customer service and improving technology, critics have […]
Read More
Ford’s CEO needs to deliver by next quarter, or we’re moving on from the stock
Ford Motor (F) CEO Jim Farley on Friday said the automakers’ messy fourth quarter was a function of its transition to a new business structure that limited production capacity, combined with poor execution. But we remain disappointed in the results, and need to see an increase in profitability to stick with the stock after the […]
Read More
Hong Kong is providing away 500,000 flights this year—here’s what to know
If you might be searching for a exciting journey and a free of charge flight, it could be time to turn your eye to Hong Kong. On Thursday, the city’s leader John Lee declared Hong Kong is giving away 500,000 aircraft tickets this calendar year to really encourage tourism. The giveaway will begin in March […]
Read More
Nordstrom could use an activist, but Ryan Cohen might not be the right one
Buckle up, Nordstrom shareholders. Volatile trading is ahead. Activist investor Ryan Cohen is building a stake in the department store chain as he looks to shake up its board, people familiar with the matter told CNBC. Cohen’s interest in the company was first reported by The Wall Street Journal . Not surprisingly, Cohen’s entry has […]
Read More
Stocks making the biggest moves midday: Amazon, Alphabet, Apple, Nordstrom, Ford and more
Workers load packages into Amazon Rivian Electric trucks at an Amazon facility in Poway, California, November 16, 2022. Sandy Huffaker | Reuters Check out the companies making headlines in midday trading. Amazon – The e-commerce giant’s stock tumbled 4% despite a revenue beat. Late Thursday, Amazon issued weaker-than-expected guidance for the current period. The company […]
Read More
Apple’s lengthy-time period positives outweigh uncommon earnings miss, Morgan Stanley says
Apple CEO Tim Prepare dinner holds a new Iphone 14 Professional throughout an Apple particular celebration on September 07, 2022 in Cupertino, California. Justin Sullivan | Getty Photographs Shorter-time period macro issues will not detract from the extensive-phrase benefit at Apple, Morgan Stanley analysts wrote in a note Friday that reiterated an overweight score and […]
Read More