Business
Benchmark bond yields are ‘bad news’ for investors as the Fed hikes rates by 0.75%. What it means for your portfolio
Morsa Images | E+ | Getty Images As investors digest another 0.75 percentage point interest rate hike by the Federal Reserve, government bonds may be signaling distress in the markets. Ahead of news from the Fed, the policy-sensitive 2-year Treasury yield climbed to 4.006% on Wednesday, the highest level since October 2007, and the benchmark […]
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Elon Musk says ‘patents are for the weak’ as he talks Starship rocket, tours SpaceX Starbase with Jay Leno
The list of things that interest Elon Musk ranges from space travel to easing Los Angeles’ infamous traffic. One thing that doesn’t make the cut? Patents. The 51-year-old entrepreneur recently appeared on CNBC’s “Jay Leno’s Garage” to give the former “Tonight Show” host a tour around the SpaceX Starbase facility in Texas. During the tour, […]
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Patagonia’s bold move to donate the entire company to fight climate change only works if it stays competitive in business, CEO says
A Patagonia store signage is seen on Greene Street on September 14, 2022 in New York City. Yvon Chouinard, founder of Patagonia, his spouse and two adult children announced that they will be giving away the ownership of their company which is worth about $3 billion. The company’s privately held stock will be now be […]
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The Fed just raised interest rates by another 0.75%, putting Main Street economy ‘dangerously close’ to edge of lending cliff
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, July 27, 2022. Elizabeth Frantz | Reuters The Federal Reserve’s decision to raise interest rates by 0.75%, or 75 basis points, for the third-consecutive time at the Federal Open Market Committee […]
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Car buyers pay 10% above the sticker price, on average — or more if you want a Jeep or Porsche
Forget getting a deal; these days, anyone in the market for a new car could pay thousands over the sticker price before they drive off the lot. Limited inventory due to a persistent shortage of computer chips, along with other supply-chain challenges, helped propel new car prices up 10% from a year ago, according to […]
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Phoenix Suns and Mercury owner Robert Sarver starts process to sell teams after damning harassment report
Phoenix Suns and Mercury owner Robert Sarver attends Game Two of the 2021 WNBA Finals at Footprint Center on October 13, 2021 in Phoenix, Arizona. Christian Petersen | Getty Images Phoenix Suns and Mercury owner Robert Sarver said he would begin the process to sell both professional basketball teams after a damning report detailed nearly […]
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Planet prepares to launch another line of imagery satellites to expand data-gathering operations
An artist’s depiction of a Tanager satellite in orbit. Planet PARIS — Planet is adding another type of imagery satellite to its product line, the latest expansion of the company’s data-gathering operations. The company named the new satellites Tanager — named after a bird family, like the existing lines of Dove and Pelican satellites that […]
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Tom Rutledge, who turned Charter into a cable powerhouse, to step down as CEO
Chairman and CEO of Charter Communications Tom Rutledge speaks at The New York Times DealBook Conference at Jazz at Lincoln Center on November 10, 2016 in New York City. Bryan Bedder | The New York Times | Getty Images Charter Communications Chief Executive Tom Rutledge will step down on Dec. 1 after a decade at […]
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FedEx’s bleak warning could reflect global economy − and company’s own shortcomings
A FedEx worker makes a delivery on September 16, 2022 in Miami Beach, Florida. Joe Raedle | Getty Images FedEx warned of weakening global shipping demand in a preliminary earnings report last week, leaving the market scrambling to determine whether the problems reflect internal company shortcomings or a broader economic diagnosis. CEO Raj Subramaniam pointed to […]
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Walmart plans to hire 40,000 workers for the holiday season
A Walmart worker organizes products for Christmas season at a Walmart store in Teterboro, New Jersey. Eduardo Munoz | Reuters Walmart announced Wednesday that it will be hiring 40,000 seasonal and full-time associates as the holiday season approaches. The company says it is hiring for a variety of positions, including seasonal store associates, customer service […]
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