A rise in covid cases plunges Shenzhen into lockdown.
Month: March 2022
Moderna CEO Stephane Bancel Steven Ferdman | Getty Images Moderna CEO Stephane Bancel has sold $408 million in company stock since the beginning of the pandemic — averaging roughly $3.6 million a week — as the company’s stock soared on the development and rollout of its Covid vaccine, according to CNBC’s analysis of the company’s
In this article WRBY A customer tries on glasses at a Warby Parker store in Los Angeles. Michael Buckner | Getty Images Warby Parker shares sunk in premarket trading Thursday after the eyewear retailer reported continued losses and said its sales were hurt during the holiday quarter due to the omicron variant of Covid-19, which
In this article WSM LEN WRBY SIG ACN DG Check out the companies making headlines before the bell: Dollar General (DG) – Dollar General rallied 5% in the premarket after the discount retailer forecast better-than-expected full-year sales. Dollar General’s quarterly earnings of $2.57 per share matched forecasts, although revenue was slightly below estimates and same-store
Daniel Zuchnik | WireImage | Getty Images Warren Buffett’s Berkshire Hathaway purchased an additional 18.1 million shares of Occidental Petroleum for almost $1 billion on the first three days of this week. An SEC filing Wednesday shows it paid a weighted average of $54.41 per share, a total of $985 million for the new shares. At Wednesday’s
Nine-year-old student Roberto Nieves Fernandez studies personal finance topics on his laptop using online resource center SmartPath. SMARTPATH More states are requiring students to take personal finance education courses before they graduate high school. There are currently 23 states that mandate a personal finance course for students, according to the 2022 Survey of the States
A data center. Erik Isakson | DigitalVision | Getty Images DUBAI, United Arab Emirates — Emirati property magnate Hussain Sajwani will invest $1 billion to build a global network of data centers under his recently launched Edgnex venture, marking a pivot to digital after two decades in brick and mortar real estate. “We’re going to
Loading chart… Crocs Inc. (Crox): “I’m going … against the bears.” Loading chart… Nutrien Ltd (NTR): “If you still like that segment, I was just — [AGCO Corporation] or [Deere & Co], which I think is going to burrow its way through $400 [per share].” Loading chart… Coterra Energy Inc: “It’s got a 9% yield,
The Federal Reserve on Wednesday approved its first interest rate increase in more than three years, an incremental salvo to address spiraling inflation without torpedoing economic growth. After keeping its benchmark interest rate anchored near zero since the beginning of the Covid pandemic, the policymaking Federal Open Market Committee said it will raise rates by
skynesher Bond investors are watching as the Federal Reserve raises interest rates for the first time since 2018 to combat surging prices. Annual inflation rose by 7.9% in February, a new 40-year high, affecting everyday costs like groceries, housing and gasoline. The central bank’s quarter-point increase on Wednesday may set the stage for future hikes,
You’ve heard about writing off your internet bill as a business expense — but can it also count as an education expense? We cover the answer to this question and many more. As virtual learning becomes more prevalent after the pandemic, many students and parents are wondering if there are any new tax benefits for
A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November. George Frey | Bloomberg | Getty Images Rising mortgage rates are starting to take their toll on the nation’s homebuilders, who are more concerned about affordability heading into the
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