Month: October 2024
Harris proposes expanding Medicare to cover long-term care at home
US Vice President and Democratic presidential nominee Kamala Harris is pictured in studio at ABC during a break during the recording of the show “The View” in New York on October 8, 2024. Charly Triballeau | Afp | Getty Images Vice President Kamala Harris announced a new proposal on Tuesday that would require Medicare to […]
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Spirit Halloween to open 10 new ‘Spirit Christmas’ stores catering to holiday shoppers
A family exits a Spirit Halloween store operating in a former Best Buy. Paul Weaver | Lightrocket | Getty Images Some Spirit Halloween locations will be busy for longer than usual this year. Spirit Halloween will operate 10 stores through the entire holiday season as “Spirit Christmas,” a spokesperson confirmed with CNBC. Instead of the […]
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Group of smaller stocks is primed for major gains ahead, according to Oppenheimer
Small- and mid-cap stocks are expected to see a boost as the Federal Reserve cuts rates, and Oppenheimer named a few of its favorite plays on the space. Stocks with smaller market caps, which are more sensitive to higher costs of borrowing, are expected to rebound and outperform as the Fed embarks on a rate-cutting […]
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Harris enters the homestretch riding a once-in-a-generation economic upswing
The surprisingly positive jobs report Friday has reinforced growing optimism about the U.S. economy, less than a month before the end of an extremely close presidential race between Vice President Kamala Harris and former President Donald Trump, and while voters say the economy is a top priority. Nonfarm payrolls added 254,000 jobs in September, while […]
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Ray Dalio says investing in China is tricky as Beijing becomes less favorable toward capitalism
Billionaire investor Ray Dalio thinks it’s still tricky to invest in China right now as Beijing may be seeking to structurally move the country away from capitalism. The founder of Bridgewater Associates, one of the world’s largest hedge funds, said investors should take a nuanced and cautious approach to investing in the developing region as […]
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Ex-Adams aide charged with witness tampering in campaign finance probe day after resigning
Mayor Eric Adams speaks to the press during the weekly briefing at the City Hall about the ongoing programs in New York City. Lev Radin | Lightrocket | Getty Images A former New York City official, who until Monday worked in the Adams administration, has been arrested and charged with witness tampering and obstruction of […]
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GM ditching ‘Ultium’ name for batteries, tech amid EV changes
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors will drop the name “Ultium” for its electric vehicle batteries and supporting technologies after spending years promoting the brand as it […]
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Stocks making the biggest moves midday: Nvidia, DocuSign, Alibaba, Las Vegas Sands and more
Check out the companies making headlines in midday trading. China stocks – U.S.-listed shares of Chinese companies fell after Beijing’s economic planning agency failed to announce any new major stimulus plans . Online video company Bilibili fell 13%, while automaker Nio and Temu parent PDD tumbled about 6% each. E-commerce companies JD.com and Alibaba both […]
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How one startup is making cleaner asphalt by decarbonizing natural gas
Companies like Monolith and Seattle-based startup Modern Hydrogen are using new technologies to create a cleaner hydrogen that’s also creating a useful byproduct — solid carbon that can be used to make petroleum-free asphalt materials. “Modern Hydrogen produces clean hydrogen without renewable power. We can do this because we split apart natural gas into clean […]
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American Water, largest water utility, hit by cyberattack at time of rising threats against U.S. water supply
Picture Alliance | Picture Alliance | Getty Images American Water, the largest water utility in the U.S., disclosed that it had been hit by a cyberattack. The Camden, New Jersey-based company said in a security statement on its website that it had learned of “unauthorized activity in our computer networks and systems” last Thursday, which […]
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