Business
Stocks making the biggest moves premarket: Vroom, Poshmark, Revolve, Green Plains and more
Vroom IPO at the Nasdaq site, June 9, 2020. Source: Nasdaq Check out the companies making headlines before the bell: Poshmark — Shares spiked more than 5% after Barclays upgraded the online fashion retailer to overweight from equal weight. Poshmark will get a boost from the fast-growing second-hand clothing marketplace, especially if consumers trade down […]
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Elon Musk says Tesla has made over 3 million cars
17 May 2021, Brandenburg, Grünheide: Elon Musk, Tesla CEO, stands on the construction site of the Tesla factory and greets with his hard hat. Picture Alliance | Picture Alliance | Getty Images Tesla has made over three million cars, CEO Elon Musk tweeted on Sunday. Of that total, Tesla’s Shanghai factory has made one million […]
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Blumhouse’s ‘The Black Phone’ shows that horror, and original storytelling, has a place at the box office
Any apprehension Jason Blum had about the future of the box office has been quelled now that “The Black Phone” has surpassed $150 million at the global box office. Blum was one of many that worried lower budget films might not have a place at cinemas in the wake of pandemic theater closures. However, the […]
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Passage of Inflation Reduction Act gives Medicare historic new powers over drug prices
A pharmacist collects medications for prescriptions at a pharmacy. Simon Dawson | Bloomberg | Getty Images Medicare is poised to renegotiate the prices of some of its most expensive drugs through a historic expansion of its power, which could reduce costs for many seniors as well as federal spending on its prescription drug plan. The […]
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Cloud stocks are rallying after a punishing start to the year as 2022 outlook brightens
Confluent Co-Founder and CEO Jay Kreps appears at the company’s sales kickoff in Las Vegas on Feb. 8, 2022. Confluent Investors looking to get into beaten-down cloud stocks at bargain basement prices may have missed their opportunity. Scanning the cloud software market, which tanked to start the year, numerous stocks have jumped 50% from their […]
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Blumhouse, studio known for highly profitable horror films, is no longer producing Mattel’s Magic 8 Ball movie
Magic 8 Ball by Mattel Source: Amazon Blumhouse is no longer a producing partner of Mattel’s planned Magic 8 Ball film. On Friday, co-founder and producer Jason Blum told CNBC that the horror production power house was no longer attached to the toymaker’s project. “We developed it for a while, but we are no longer […]
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Even airline employees are having trouble finding a seat home from Europe this summer
International passengers walk through the arrivals area at Terminal 5 at Heathrow Airport on November 26, 2021 in London, England. Leon Neal | Getty Images News | Getty Images Airlines want people to take a European vacation this summer — as along it’s not their employees. Carriers are discouraging their staff from using their employee perks […]
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Stocks making the biggest moves midday: Peloton, Toast, Illumina and more
Exercise equipment and apparel for sale at the Peloton showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Peloton — Shares of Peloton jumped 6% after the company told employees it was cutting about 780 jobs, raising prices […]
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DOJ plans to retry Philip Esformes despite Trump commuting sentence of Florida nursing home owner
Philanthropist Philip Esformes attends the 15th annual Harold & Carole Pump Foundation gala at the Hyatt Regency Century Plaza on August 7, 2015 in Century City, California. Tiffany Rose | Getty Images A highly unusual move by the Justice Department to retry Florida nursing home owner Philip Esformes on health-care fraud criminal charges after then-President […]
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Biden senior advisor Anita Dunn has to divest investment portfolio worth between $16.8 million and $48.2 million to avoid conflicts
White House senior advisor Anita Dunn is being forced to divest an investment portfolio worth an estimated $16.8 million to $48.2 million that ethics attorneys say poses significant conflicts of interest in her new role. The political and communication’s strategist will also have to recuse herself from a myriad of domestic and international issues that […]
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