Cathy Wood Crystal Mercedes | CNBC Some called it the “Cathie Wood sell-off.” At the open Tuesday, the top names owned by Ark Investment Management were the biggest decliners in the market. Shares of Palantir, Tesla, Roku, Square, Paypal, Teladoc, Baidu, Zillow, Shopify and Spotify were all down big, in many cases by double-digits. All
Month: February 2021
Al Drago | Getty Images News | Getty Images The measure, the American Rescue Plan Act of 2021, would pay unemployed workers an extra $400 a week through Aug. 29. Those additional relief payments would raise federal spending by about $163 billion through 2022, according to a cost estimate the Congressional Budget Office issued last
President Joe Biden speaks during an announcement related to small businesses at the South Court Auditorium of the Eisenhower Executive Office Building February 22, 2021 in Washington, DC. Alex Wong | Getty Images The Latino community has been struck particularly hard by the Covid-19 crisis. The Stanford Latino Entrepreneurship Initiative reported in May that 86%
By Richard Eisenberg, Next Avenue Editor getty In the 1980s, while in her late 30s, Wall Street Journal reporter Joann Lublin became one of two women running the paper’s London bureau and stepped into management. Her four-year-old daughter Abra, Lublin writes in her new book “Power Moms: How Executive Mothers Navigate Work and Life,” was
Virtual currency is one of the few success stories of 2020. In March of 2020 Bitcoin was around $4,000 per Bitcoin, and by December 2020 it was up to just below $30,000 per Bitcoin. Investors and market watchers were not the only ones paying attention to the meteoric rise of virtual currency – the Department
Waldorf Astoria Towers, a new development being built for the global UHNW buyer Courtesy of Noë & Associates / The Boundary Wealth-X and REALM’s spotlight on the world’s leading markets for the wealthy: residential real estate 2021 delivers an insider’s look into where these individuals own and are acquiring primary and secondary properties. According to
Some have called Crocs the “it” shoe of the pandemic, as the clog became a closet staple for consumers seeking comfort during their more casual pandemic lifestyle. The popularity helped push Crocs to stunning sales gains in its latest quarter, but investors, fearing the best was behind it, sold off the stock on Tuesday. Shares
A Tesla car in London. SOPA Images | LightRocket | Getty Images Tesla’s recent slide continued on Tuesday, as investors rotated out of high-flying tech names. Shares of the electric vehicle maker dipped 6% during premarket trading on Tuesday, after losing 8.55% on Monday for its biggest daily loss since Sept. Tesla is the poster
People who are mentally tough and successful at what they do understand that the cumulative effect of small changes leads to significant outcomes. And while they set out with big goals, they improve using systematic and surgical precision. In my 30 years of researching and writing about what motivates people to be exceptional, I’ve found
Workhorse W-15 Electric Pickup Truck. Source: Workhorse Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service. Amid heightened volatility, the stock was halted multiple times during the last half hour of trading, before ultimately finishing the
sturti | E+ | Getty Images Struggling student loan borrowers who own a business received some welcome news this week: They will no longer be excluded from the Paycheck Protection Program. Any business owned 20% or more by a borrower who had fallen behind on their payments previously could be determined ineligible for the government-subsidized
Most of the things you buy these days were transported on a truck at some point. There are around 3.5 million truck drivers in the United States. Their average salary is close to $60,000 per year. In 2021, however, there may actually be a shortage of drivers willing to move your purchases. If you are
By Richard Eisenberg, Next Avenue Editor OAKLAND, CALIFORNIA – JANUARY 16: California Gov. Gavin Newsom speaks during a a news conference … [+] (Photo by Justin Sullivan/Getty Images) Getty Images When California’s Democratic Governor Gavin Newsom took office in January 2019, he announced the state would embark on creating a “Master Plan for Aging.” Now
Ask Larry Economic Security Planning, Inc. Today’s column addresses questions about how vacation pay can be counted regarding the earnings test, whether benefits for a disabled child are automatic or must be separately filed for and whether restricted application must be made in person or can be done online. Larry Kotlikoff is a Professor of
Amenity spaces like this one at Chicago’s Westerly allow apartment community residents to sidestep … [+] cabin fever by socially distancing outside their apartments. Dave Burk Challenging winters and cabin fever go together like subzero wind chills and waist deep snowdrifts. But the odds of turning a bit stir crazy grow even greater in this
People wear facemasks as they walk through Herald Square on January 8, 2021 in New York City. Angela Weiss | AFP | Getty Images Macy’s on Tuesday reported its first quarterly profit in a year, as its efforts to slash inventories during the holidays and rely less on deep discounting paid off. The company said
Check out the companies making headlines before the bell: Home Depot (HD) – The home improvement retailer beat quarterly estimates by 3 cents with earnings of $2.65 per share. Revenue came in above estimates as well. Comparable store sales jumped 24.5% during the fourth quarter, more than the 19.2% consensus estimate of analysts polled by FactSet. Home
A Starlink user terminal installed on the roof of a building in Canada. SpaceX SpaceX CEO Elon Musk says the company’s Starlink satellite internet service “will double” speeds to customers “later this year,” as it continues to build out the global consumer network. “Speed will double to ~300Mb/s & latency will drop to ~20ms later
A child attends an online class at a learning hub inside the Crenshaw Family YMCA during the Covid-19 pandemic on February 17, 2021 in Los Angeles, California. Patrick T. Fallon | AFP | Getty Images It’s almost one year into the coronavirus pandemic and students are still suffering, especially Blacks and Hispanics. Many schools around
Why COVID-19 Is Driving Up The Cost Of Healthcare In Retirement And What You Can Do Now To Prepare getty While the long-term effects of COVID-19 on U.S. healthcare costs has only begun to emerge, experts estimate that healthcare costs linked to the pandemic could climb well into the hundreds of billions in the coming
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