Business
California unveils proposal to ban new gas-fueled cars by 2035
Morning traffic makes its way along a freeway in Los Angeles, California, September 19, 2019. Mike Blake | Reuters California’s clean-air regulators unveiled a plan this week that would ramp up the sale of electric and zero-emissions vehicles while phasing out the sale of new gasoline-fueled vehicles by 2035, in an aggressive effort to combat the […]
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Look for durable stocks to weather this ‘hyper-confusing moment’ in the market, Jim Cramer says
CNBC’s Jim Cramer on Wednesday advised investors to find stocks that can perform well in any market environment. “This is a hyper-confusing moment, but I want you to search for stocks that can work long-term regardless of whether we’re in the best of times, the worst of times, or both,” the “Mad Money” host said. […]
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Rent the Runway CEO sees inflation as a competitive advantage for the company
Rent the Runway sees the more than 2 million weddings planned for this year, and all the parties that come with them, as being a massive boon to its business. Plus, according to co-founder and Chief Executive Jennifer Hyman, Rent the Runway is reaping the benefits of consumers seeking value and stability during times of […]
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Peloton activist Blackwells Capital takes aim at new CEO, again pushes for sale
A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images Activist Blackwells Capital is reiterating its push for Peloton to consider a sale, arguing that the connected fitness company has made little to no progress under new Chief Executive Barry McCarthy, according to a new […]
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Russian oligarch Roman Abramovich has $7 billion in assets frozen in Jersey in latest Ukraine fallout
Chelsea owner Roman Abramovich looks on after their 3-1 win in the Barclays Premier League match between Chelsea and Sunderland at Stamford Bridge on December 19, 2015 in London, England. Clive Mason | Getty Images Authorities in the island country of Jersey froze assets valued at more than $7 billion that are suspected of being […]
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Jamie Dimon sees ‘storm clouds’ ahead for U.S. economy later this year
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., listens during a Business Roundtable CEO Innovation Summit discussion in Washington, D.C., Dec. 6, 2018. Andrew Harrer | Bloomberg | Getty Images The risk that the Federal Reserve accidentally tips the U.S. economy into recession as it combats inflation is rising, according to […]
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Starbucks is reportedly weighing better benefits for nonunion workers
Starbucks Chairman and CEO Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 22, 2017. Jason Redmond | AFP | Getty Images Starbucks’ campaign to dissuade baristas from unionizing could include extending new benefits exclusively to nonunion workers, The Wall Street Journal reported Wednesday. The company’s CEO, Howard Schultz, told […]
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Uninsured face surprise medical bills for Covid testing, hospital treatment after U.S. Congress fails to fund pandemic aid program
Secretary of Health and Human Services Xavier Becerra testifies before the Senate Health, Education, Labor, and Pensions Committee hearing to discuss reopening schools during the coronavirus disease (COVID-19) at Capitol Hill in Washington, D.C., September 30, 2021. Shawn Thew | Pool | Reuters People who don’t have health insurance are now being charged $100 or […]
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Stocks making the biggest moves midday: JPMorgan, Delta Air Lines, PayPal
The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York. Tim Clayton – Corbis | Corbis Sport | Getty Images Check out the companies making headlines in midday trading. JPMorgan Chase – Shares fell 3.5% as JPMorgan Chase reported a $524 million hit from market dislocations […]
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Delta ends $200 monthly health insurance surcharge on unvaccinated employees after Covid cases drop
A Delta Airlines passenger jet approaches to land at LAX during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, U.S., April 7, 2021. Mike Blake | Reuters Delta Air Lines this month ended its $200 monthly surcharge on unvaccinated employees’ company health insurance, ending a pandemic policy designed to encourage staff to […]
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