Day: October 3, 2024
Mark Zuckerberg is now world’s second-richest person, ahead of Jeff Bezos
At the Meta Connect developer conference, Mark Zuckerberg, head of the Facebook group Meta, shows the prototype of computer glasses that can display digital objects in transparent lenses. Andrej Sokolow | Picture Alliance | Getty Images Meta CEO Mark Zuckerberg has surpassed Jeff Bezos as the world’s second richest person. Zuckerberg’s net worth reached $206.2 […]
Read More
Missouri judge blocks Biden student loan forgiveness that was cleared to proceed
U.S. President Joe Biden delivers remarks on new Administration efforts to cancel student debt and support borrowers at the White House on October 04, 2023 in Washington, DC. Kevin Dietsch | Getty Images The Biden administration’s sweeping student loan forgiveness plan was temporarily blocked again Thursday by a Missouri judge, just one day after a […]
Read More
Port strike ends as workers agree to tentative deal on wages and contract extension
A striking worker holds up a sign in front of the Bayport Container Terminal in Seabrook, Texas, on October 3, 2024. The International Longshoremen’s Association (ILA), 85,000 members strong, has launched its first strike since 1977 after weeks of deadlocked negotiations over a six-year labor agreement. Mark Felix | AFP | Getty Images The union […]
Read More
Helene recovery could cost $34 billion. Here’s who might pay for it.
An aerial picture taken on September 28, 2024, shows storm damage in the aftermath of Hurricane Helene in Valdosta, Georgia. John Falchetto | Afp | Getty Images The devastation wrought by Hurricane Helene across the southeastern United States could cost upwards of $34 billion, according to early estimates from Moody’s Analytics. And due to the […]
Read More
Trump Media COO quits; DJT turns over more shares to SPAC investor in court fight
A smartphone displays the logo of Donald Trump’s Truth Social app on March 25, 2024. Anna Barclay | Getty Images Trump Media Chief Operating Officer Andrew Northwall resigned in late September, the company revealed in a regulatory filing Thursday. Former President Donald Trump’s social media company announced in the same filing that it will release […]
Read More
Stocks making the biggest moves midday: Hims & Hers Health, Joby Aviation, Levi Strauss and more
Check out the companies making headlines in midday trading. EVgo — Shares soared nearly 61% after the electric vehicle charger company received a $1.05 billion conditional loan from the Department of Energy. JPMorgan also upgraded EVgo to overweight . Analyst Bill Peterson pointed to EVgo’s utilization rate compared to peers as well as its owner-operator […]
Read More
How a tiny town hit by Helene could upend the global semiconductor chip industry
Virtually all of the world’s supply of a mineral that is critical to semiconductor production comes from one tiny town in the foothills of the Blue Ridge Mountains that has been devastated by Hurricane Helene. Spruce Pine, North Carolina has no running water or electricity, more than a week after Helene ripped through the town […]
Read More
Trump election conspiracist Tina Peters sentenced to 9 years in prison by Colorado judge
Mesa County Clerk and Colorado Republican candidate for secretary of state Tina Peters reacts to early election returns during a primary night watch party at the Wide Open Saloon on June 28, 2022 in Sedalia, Colorado. Marc Piscotty | Getty Images Tina Peters, a former Colorado county clerk who espoused the false conspiracy theory that […]
Read More
Here’s everything to expect when the September jobs report is released Friday
Attendees at the Albany Job Fair in Latham, New York, US, on Wednesday, Oct. 2, 2024. Angus Mordant | Bloomberg | Getty Images September’s jobs picture is expected to look a lot like August’s — a gradual slowdown in hiring, a modest increase in wages and a labor market that is looking a lot like […]
Read More
A recession is imminent and favored tech stocks set to crater like the ‘Nifty Fifty’ did, BCA Research says
The rise and fall of the “Nifty Fifty” stocks in the 1970s is a cautionary tale for investors in the Magnificent Seven craze, according to BCA Research. The “Nifty Fifty” refers to a loose group of stocks including Coca-Cola , IBM , Xerox and Pfizer , that rose to prominence in the 1970 to 1973 […]
Read More