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Gas prices are falling — Here's why it's happening and whether it can continue

Created: Thu, 11 Aug 2022 22:31:20 GMT

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The national average for a gallon of gas dropped below $4 on Thursday for the first time since March. Is more relief coming?Read more: Gas prices are falling — Here's why it's happening and whether it can continue

Tiger 21, an exclusive club of investors, says the ultra rich are doubling down on stocks

Created: Fri, 12 Aug 2022 05:35:53 GMT

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Tiger 21 consists of 1,200 members with a cumulative $140 billion in assets, and individuals must have at least $20 million in liquid assets to qualify for membership.Read more: Tiger 21, an exclusive club of investors, says the ultra rich are doubling down on stocks

Trump supports unsealing of search warrant for FBI raid on Mar-a-Lago after DOJ makes request

Created: Fri, 12 Aug 2022 04:10:58 GMT

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The Justice Department had been under pressure to explain why the FBI raid the Florida home of former President Donald Trump.Read more: Trump supports unsealing of search warrant for FBI raid on Mar-a-Lago after DOJ makes request

This Chinese province set a 9% GDP target — but then it locked down

Created: Fri, 12 Aug 2022 05:30:46 GMT

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A surge in Covid infections this month stranded tens of thousands of tourists at Hainan's oceanside resort city of Sanya.Read more: This Chinese province set a 9% GDP target — but then it locked down

Disney is raising prices, but this time, don't blame inflation

Created: Thu, 11 Aug 2022 20:08:41 GMT

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Disney is raising prices on the strength of its brand and products rather than because of inflation.Read more: Disney is raising prices, but this time, don't blame inflation

Here's where China's real estate troubles could spill over

Created: Fri, 12 Aug 2022 04:46:21 GMT

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Three kinds of businesses would suffer the most if China's real estate troubles persist, according to ratings agency Fitch.Read more: Here's where China's real estate troubles could spill over

Drug stocks are sliding on fears of Zantac lawsuits — here's what it means for JNJ

Created: Thu, 11 Aug 2022 18:11:48 GMT

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Here's our estimate of what Johnson & Johnson's potential exposure to this litigation could be in a worst-case scenario. Read more: Drug stocks are sliding on fears of Zantac lawsuits — here's what it means for JNJ

Americans earning $200,000 or more are flocking to these 10 states

Created: Thu, 11 Aug 2022 17:03:41 GMT

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Since the beginning of the pandemic high-earning households have moved to Sun Belt states, with Florida as the top destination by a wide margin. Read more: Americans earning $200,000 or more are flocking to these 10 states

CEO posts crying selfie on LinkedIn after laying off employees—and it goes viral

Created: Thu, 11 Aug 2022 18:57:45 GMT

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A CEO has sparked a major debate online after posting a selfie of himself crying on LinkedIn following layoffs he made at his company.Read more: CEO posts crying selfie on LinkedIn after laying off employees—and it goes viral

Property investors are holding back as the global economy sours, says Singapore’s CapitaLand Investment

Created: Fri, 12 Aug 2022 05:21:03 GMT

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Real estate investors are now being "careful and prudent" about deploying more capital in the face of growing economic uncertainty, said CapitaLand Investment. Read more: Property investors are holding back as the global economy sours, says Singapore’s CapitaLand Investment

Zoom investor tells startup founders: ‘Forget the past three years’ and accept 50% valuation hit

Created: Thu, 11 Aug 2022 18:23:52 GMT

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As the balance of power in the startup world shifts back to those holding the purse strings, the industry has settled on a new math that founders need to accept.Read more: Zoom investor tells startup founders: ‘Forget the past three years’ and accept 50% valuation hit

CDC eases Covid guidance as U.S. has more tools to fight the virus and keep people out of the hospital

Created: Fri, 12 Aug 2022 00:32:02 GMT

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The public health agency said the virus now poses a significantly lower risk due to high levels of immunity from vaccines and infections.Read more: CDC eases Covid guidance as U.S. has more tools to fight the virus and keep people out of the hospital

Jim Cramer says to pick up these four stocks if the market goes down on Friday

Created: Thu, 11 Aug 2022 22:29:38 GMT

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"I was very disappointed in the performance of the tech stocks today," Jim Cramer said.Read more: Jim Cramer says to pick up these four stocks if the market goes down on Friday

U.S. murder rates were still up in 2021 but recent data suggests that trend could be reversing

Created: Thu, 11 Aug 2022 14:36:21 GMT

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Murder rates increased to a record of nearly 30% between 2019 and 2020, but recent data suggests they may be dropping.Read more: U.S. murder rates were still up in 2021 but recent data suggests that trend could be reversing

How do people in Asia-Pacific feel about travel right now? It depends on where they live

Created: Thu, 11 Aug 2022 22:13:32 GMT

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Just because people can travel doesn’t mean they will, especially in Asia-Pacific, where people have taken a more cautious approach toward the pandemic. Read more: How do people in Asia-Pacific feel about travel right now? It depends on where they live

Stocks making the biggest moves after hours: Rivian, Toast, Poshmark and more

Created: Thu, 11 Aug 2022 21:20:18 GMT

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See which stocks are posting big moves after the bell.Read more: Stocks making the biggest moves after hours: Rivian, Toast, Poshmark and more

State, local relief not in cards for residents of high-tax states as House assesses Inflation Reduction Act

Created: Thu, 11 Aug 2022 16:38:35 GMT

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After fighting to repeal the SALT deduction limit, a group of House Democrats say they'll vote for the party's spending package without SALT reform.Read more: State, local relief not in cards for residents of high-tax states as House assesses Inflation Reduction Act

New York Times stock jumps after activist investor ValueAct reveals 6.7% stake

Created: Thu, 11 Aug 2022 20:10:30 GMT

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Activist investor ValueAct has built a 6.7% stake in the New York Times.Read more: New York Times stock jumps after activist investor ValueAct reveals 6.7% stake

U.S. Postal Service to temporarily hike prices for holiday season

Created: Thu, 11 Aug 2022 14:04:06 GMT

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The United States Postal Service filed a notice Wednesday of a temporary price hike for the 2022 peak holiday season.Read more: U.S. Postal Service to temporarily hike prices for holiday season

With inflation running at a 40-year high, 36% of U.S. adults tapped their savings to cover living expenses: Survey

Created: Thu, 11 Aug 2022 19:01:20 GMT

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With inflation running at 40-year highs, 36% of adults in a new survey said they have had to turn to savings to cover their living expenses.Read more: With inflation running at a 40-year high, 36% of U.S. adults tapped their savings to cover living expenses: Survey

Addressing Social Security's funding woes will take political compromise, Biden nominee to advisory board says

Created: Thu, 11 Aug 2022 20:28:44 GMT

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Andrew Biggs, who was nominated to the Social Security Advisory Board by President Joe Biden, weighs in on his thoughts on the future of the program.Read more: Addressing Social Security's funding woes will take political compromise, Biden nominee to advisory board says

Ether surges to a two-month high after ethereum inches closer to long-awaited upgrade

Created: Thu, 11 Aug 2022 20:00:29 GMT

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Ether soared to a two-month high after developers successfully completed a final dress rehearsal for a pivotal upgrade expected to happen next month.Read more: Ether surges to a two-month high after ethereum inches closer to long-awaited upgrade

GM reveals new GMC Canyon premium midsize pickup, starting at $40,000

Created: Thu, 11 Aug 2022 15:00:01 GMT

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GM expects to begin producing the 2023 Canyon early next year, with new AT4X off-road models beginning in spring. Read more: GM reveals new GMC Canyon premium midsize pickup, starting at $40,000

Stocks making the biggest moves midday: Six Flags, Disney, Sonos and more

Created: Thu, 11 Aug 2022 20:10:50 GMT

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These are the stocks posting the largest moves in midday trading. Read more: Stocks making the biggest moves midday: Six Flags, Disney, Sonos and more

Student loan forgiveness decision will come 'before August 31,' Biden admin confirms: What you need to know

Created: Thu, 11 Aug 2022 16:42:22 GMT

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White House officials are zeroing in on canceling $10,000 for all borrowers who earn less than $150,000 per year, CNBC reports.Read more: Student loan forgiveness decision will come 'before August 31,' Biden admin confirms: What you need to know

BlackRock launches a private trust to give clients exposure to spot bitcoin

Created: Thu, 11 Aug 2022 22:43:21 GMT

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The largest asset manager in the world has launched a private trust offering institutional clients in the U.S. direct exposure to bitcoin.Read more: BlackRock launches a private trust to give clients exposure to spot bitcoin

Warby Parker slashes sales outlook for the year as loss widens

Created: Thu, 11 Aug 2022 20:05:34 GMT

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Warby Parker on Thursday joined the slew of retailers that have cut their financial forecasts for the year. Read more: Warby Parker slashes sales outlook for the year as loss widens

National average for a gallon of gas drops below $4

Created: Thu, 11 Aug 2022 13:35:47 GMT

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Gasoline prices are below $4 for the first time in months.Read more: National average for a gallon of gas drops below $4

The inflation argument that predicts another good decade for technology investing

Created: Thu, 11 Aug 2022 12:00:01 GMT

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The Fed's interest rate hikes crushed tech stocks, but the longer-term truth is that an inflationary period for the economy is one in which technology wins.Read more: The inflation argument that predicts another good decade for technology investing

How the EV tax credits in Democrats' climate bill could hurt electric vehicle sales

Created: Wed, 10 Aug 2022 19:09:23 GMT

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Proposed tax credits of up to $7,500 for EVs under the Inflation Reduction Act could be counterintuitive for sales of EVs, according to several companies.Read more: How the EV tax credits in Democrats' climate bill could hurt electric vehicle sales

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