In this article NIO Nio plans to begin deliveries of its ET7 electric sedan in 2022. Evelyn Cheng | CNBC GUANGZHOU, China — Nio shares rose more than 1% in after-hours trade on Wednesday after the Chinese electric carmaker posted a narrower than expected loss and a surge in revenue. The start-up lost 0.42 yuan
Month: August 2021
A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell: Disney — Shares of Disney jumped more than 4% in after-hours trading after the media
Travelers looking for a vacation in the great outdoors are turning to a nostalgic source of comfort and solitude: treehouses. But these aren’t the treehouses of their childhood. Like the travelers who are booking them, the treehouses have matured too. Modern treehouses are more luxury homes than kid hangouts — with a price to match.
Topline The Senate on Wednesday set the stage for the biggest expansion of the federal safety net since the advent of modern-day food stamps, Medicare and Medicaid in the 1960s, approving a blueprint for a massive $3.5 trillion budget bill aimed at “restoring the middle class” through a slew of government initiatives—including universal pre-school, tuition-free
In this article 1735-TW Erin Scott/Bloomberg via Getty Images The Labor Department is pumping $240 million into the nation’s unemployment system to fight ongoing fraud, part of a broader effort to fix flaws in the system exposed by the Covid pandemic. Criminals have targeted unemployment benefits at a high rate since spring 2020, after federal
Barbie fans may be all shook up over Mattel’s new female Elvis Presley collectible doll. Still, purists can immerse themselves in a classic by enjoying a tour of the real Barbie penthouse, which hit the market for $10 million Tuesday. The 3,200-square-foot Century City residence, formally owned by Mattel founders, toymakers Ruth and Elliot Handler, was
Bob Chapek Jeff Gritchen | MediaNews Group | Orange County Register via Getty Images The Walt Disney Company has “figured out ways to fairly compensate” talent regardless of its film release method, CEO Bob Chapek said during an earnings call Thursday. Chapek’s comments, which were prompted during analyst Q&A, come just two weeks after Marvel
In this article ABNB Airbnb CEO Brian Chesky attends the Cannes Lions on June 20, 2016, in Cannes, France. Richard Bord | Getty Images Airbnb’s stock on Thursday fell more than 4% after the company reported its second-quarter earnings. The company beat Wall Street’s expectations for revenue and bookings but warned about expected volatility from
Trader on the floor of the New York Stock Exchange. Source: NYSE Stock futures held steady in overnight trading on Thursday as the S&P 500 seeks to end a winning week on a high note. Futures on the Dow Jones Industrial Average rose just 20 points. S&P 500 futures and Nasdaq 100 futures were both
Getty Images Having a big wad of cash to invest means not only deciding what to buy, but when. If you’re debating between investing the money all at once or through regular deployments at set intervals (known as dollar-cost averaging), be aware that you’re more likely to end up with a higher balance down the
Today’s column addresses questions about whether it would be worth it for a spouse to continue working so that could draw their own Social Security retirement benefit, whether working more can increase an existing benefit and survivor’s benefits after remarriage at 60. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
In this article TREE darekm101 | Getty Image Big-city dwellers may dream of slashing expenses by moving to the country. But owning a home in a small town can be just as costly as a major metropolis — and in some cases, properties may be pricier. That’s according to a study from LendingTree, which analyzed
A sign advertising job openings is seen outside of a Starbucks in Manhattan, New York City, New York, U.S., May 26, 2021. Andrew Kelly | Reuters The labor shortage has forced businesses both big and small to find new and creative ways to attract workers. Half of the small business owners polled in the Q3
Set on close to two acres with ocean, island and mountain views, this Mediterranean mansion in a wealthy enclave of Santa Barbara, California, has several claims to fame. It’s been the personal residence and restoration project of actress-writer-producer Kathleen McClellan, whose credits include “For Better or for Worse,” “The Bold and the Beautiful” and a
In this article ADS-DE German multinational footwear company brand Reebok store is seen in Hong Kong. Budrul Chukrut | LightRocket | Getty Images Adidas said Thursday that it has struck a deal to sell struggling sneaker and sportswear brand Reebok to Authentic Brands Group for up to 2.1 billion euros, or roughly $2.5 billion. With
Palantir Technologies CEO Alex Karp arrives at the “Tech for Good” Summit in Paris, France May 15, 2019. Charles Platiau | Reuters Data analytics company Palantir on Thursday reported second-quarter earnings that beat Wall Street expectations for revenue and gave upbeat guidance for the current quarter. Shares of the company were up more than 11%
Digital cryptocurrencies, Bitcoin, Ripple, Ethernum, Dash, Monero and Litecoin. Chesnot | Getty Images A person claiming to be the hacker behind one of the biggest cryptocurrency heists of all time says the theft was done “for fun.” More than $600 million worth of crypto was stolen in the cyberattack, which targeted a decentralized finance platform
From the bath towns of Europe to a desert with the world’s oldest mummies, 34 new sites are now part of UNESCO’s World Heritage List. Only twice in the program’s 43-year history have more new sites made it to the prestigious list in a single year. While the number isn’t without precedent, the way the
Inflation has been in the news more than usual, as we have seen spikes in the inflation rates during the COVID pandemic. Recent Consumer Price Index (CPI) data has led to an estimated 6.2% Social Security cost-of-living adjustment (COLA) for 2022, which could be the most significant cost-of-living adjustment to Social Security benefits in decades.
Several U.S. Democrats want to tax the country’s largest polluters over the next 10 years and collect up to $500 billion in the process. But is their proposal tough enough? That question is important because pollution taxes, which have risen in popularity over the past few years, are not always as effective as one might
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