Day: October 21, 2024
He’s British, she’s Australian. Here’s their trick to traveling 10,000 miles — with kids in tow
I’m proud to call the tiny sugarcane farming community of Ingham, Australia, my hometown. It boasts blue skies, sandy beaches and Australia’s longest single-drop waterfall. But its location — at the northern end of the state of Queensland — is a problem for me. Lured by the desire to explore Europe, I left for London […]
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As gold hits another record high, the pros reveal their outlook for the precious metal
Macroeconomic uncertainties, mounting geopolitical tensions and a desire to hedge against inflation have given gold — the classic “safe haven” asset — a blistering rally. Spot gold prices have soared above $2,700 an ounce, rallying for the fifth day on Monday to hit another record high of over $2,733 an ounce. Year-to-date, spot gold is […]
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Lilly sues online vendors, medical spa over copycat weight-loss drugs
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023. Brendan McDermid | Reuters Eli Lilly said on Monday it sued three medical spas and online vendors for selling products claiming to contain tirzepatide, the main ingredient in its popular weight-loss medicine Zepbound, including in the form of dissolvable tablets. The new lawsuits, which […]
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Stocks making the biggest moves after hours: Nike, Zions Bancorporation, Nucor and more
Check out the companies making headlines after the bell . Nike — Shares added nearly 1% after the sneaker giant and athletics apparel company renewed its uniform partnership with the NBA and WNBA. The company will be the exclusive provider of uniforms for both leagues for another 12 years. Zions Bancorporation — The regional bank […]
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Nike renews uniform partnership with NBA, WNBA as NFL opens bidding process to competitors
Nike will be the exclusive uniform and apparel provider for the National Basketball Association and Women’s National Basketball Association for another 12 years after they renewed their partnership with the sneaker giant, the leagues announced Monday. Under the terms of the deal, Nike will be the leagues’ global outfitting, merchandising, marketing and content partner until […]
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Elon Musk, Tesla and WBD sued over alleged ‘Blade Runner 2049’ AI ripoff for Cybercab promotion
A still from Warner Bros. Discovery Blade Runner 2049 trailer. Source: Warner Bros. Pictures Elon Musk, his car company Tesla and Warner Brothers Discovery were sued Monday over their alleged artificial intelligence-fueled copyright infringement of images from the film “Blade Runner 2049” to promote Tesla’s robotaxi concept. The lawsuit by the movie’s producer, Alcon Entertainment, […]
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The election could be less of a market catalyst than people think, some investors say
The U.S. presidential election is fast approaching, but it may not have as much an impact on markets as people may think, some investors say. With just a little over two weeks until the election, the race appears to be locked in a “dead heat” between former President Donald Trump and Vice President Kamala Harris, […]
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Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters DETROIT — Investors misinterpreted a public offering last week by […]
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Trump plan would make Social Security insolvent in just 6 years, budget group says
Former President Donald Trump’s campaign plans would significantly accelerate the already-fast-approaching date when Social Security is projected to run out of money, a nonpartisan budget group said Monday. Trump’s agenda would make the popular government program, relied upon by millions of American seniors, insolvent in six years — shrinking the current timeline by a third, […]
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Trump tax plans could exempt 93 million Americans from income taxes
Former President Donald Trump’s tax reform ideas could offer total or partial income tax exemptions to roughly 93.2 million Americans, or just under half of the U.S. electorate, according to CNBC’s analysis of several estimates. As part of his economic pitch to voters, Trump has floated a sweeping tax overhaul, including a slate of income […]
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