Peter Rawlinson joined Lucid Motors in 2013 as chief technology officer, a role he has maintained since being named CEO of the company in April 2019. Lucid DETROIT – It’s been nearly a decade since Peter Rawlinson took the stage at the 2011 Detroit auto show to reveal the Tesla Model S sedan. There was
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U.S. President Donald Trump talks to reporters as he leaves the White House for a trip to Minnesota and Wisconsin August 17. Chip Somodevilla/Getty Images) A $300-a-week federal boost to unemployment benefits may end shortly after it starts. In some states, recipients may only get three weeks’ worth of payments — if they get it at
Barrick Gold mining ullstein bild | Getty Images Barrick Gold‘s stock is popping more than 7% in premarket trading Monday after legendary investor Warren Buffett’s Berkshire Hathaway revealed a stake in the gold miner’s stock. Buffett’s Berkshire Hathaway added a $562 million position in Barrick Gold in the second quarter, SEC filings showed on Friday.
Audrey Saracco / EyeEm Capitol Hill lawmakers have been deadlocked on a new stimulus package. But another issue — sweeping changes to the U.S. Postal Service — now has both parties clashing again. The crux of the argument: whether changes that would improve the balance sheet of the country’s mail service would deny Americans’ their
Reality Check Ahead sign on desert road getty There’s a lot of talk about “fake news” these days and the same could apply to retirement planning. I often hear quite a few recurring myths that could be hurting people’s ability to plan properly for their retirement. Here are ten of the most common ones I come
Most people these days are still reeling from the pandemic. The IRS and state governments are feeling the revenue pain too. California proposed to increase it’s already stratospheric top 13.3% tax rate, raising it to 16.8%. Not shocked yet? The newest tax some golden state legislators want to collect is a .4% wealth tax. The
The relationship between landlord and tenant varies from person to person. In some cases, the relationships may form effortlessly, while in other cases, the two sides just can’t seem to find common ground and eventually have to move on. It takes considerable effort from both parties to create and maintain a good relationship. For the
getty Still missing your $500 per child stimulus check? You’re not the only one. In response to complaints that check recipients are still missing out, the Internal Revenue Service (IRS) is reopening the registration period for some folks who didn’t receive those $500 per child payments earlier this year. In March of this year, the CARES Act was signed
In early July, Shannon Mayer started to feel a sudden tightness in her chest. “The next day it was really hard to breathe,” the 31-year-old Chicago resident told CNBC. “I got scared.” Mayer has asthma, but says she hadn’t had an issue with it for years. So she decided to get a test for Covid-19. The
Traders work during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images U.S. stock futures rose on Sunday night after Wall Street logged in its third consecutive weekly gain, but fell short of breaking the all-time
getty Let’s review some of the assertions being made about Trump and the Post Office recently, shall we? “Trump admits blocking Postal Service funding to undercut vote by mail.” Atlanta Journal-Constitution, as reprinted from the Los Angeles Times, August 13, 2020. “President Donald Trump said Thursday that he would block a funding boost for the
This Missouri home has more than two standard bedrooms. It is adjacent to a nine-cell jail. Justin Radel Do you want to buy a house with a jail attached? Or view a home with a highly unusual ceiling? Or maybe you can appreciate the legendary Bigfoot making an appearance in your potential abode? Social media
Office vacancies are on the rise and hit nearly 16% this summer. In downtown Chicago, its 13.7%, … [+] while while the rate in the suburbs has topped 24%. (Photo by Scott Olson/Getty Images) Getty Images Cities and counties are predicting a drop in their property tax revenues over the next year, a phenomenon that’s
Pilots talk after exiting a Delta Airlines flight at the Ronald Reagan National Airport on July 22, 2020 in Arlington, Virginia. Michael A. McCoy | Getty Images Just as the U.S. labor market shows signs of recovery, tens of thousands of airline workers are preparing themselves for economic pain from the coronavirus pandemic to come
Sales associates at one of Alibaba-owned InTime’s store display products for sale during a livestream. InTime | Alibaba BEIJING — More and more people in China are turning to jobs in the digital economy as the coronavirus pandemic accelerates a shift toward online commerce and livestreaming. The unemployment rate for cities held steady at 5.7% in July,
Corbis via Getty Images If you’re not familiar with the details on what happened with Kodak stock in the last few weeks, you can catch up here and here. In a nutshell, though, this is what you need to know for the purposes of this article: On Tuesday, July 28th, the Trump administration, in a
United Flight Attendant Jennifer Ritter. Source: Jennifer Ritter The coronavirus pandemic has been so devastating to the airline industry that even flight attendants with decades of experience have been told that their jobs are at risk. Jennifer Ritter is one of them. “I can’t see myself doing anything else,” said Ritter, 50, who joined United Airlines as
Fed Chairman Jerome Powell is reflected in the sneeze guard set up between himself and members of the House Committee on Financial Services hearing on Oversight of the Treasury Department and Fed Reserve Pandemic response on June 30, 2020 in Washington, DC. Bill O’Leary-Pool | Getty Images Government spending from the Treasury Department and Congress
Drew Houston, Dropbox Co-Founder and CEO, speaking at CNBC’s @Work conference in San Francisco on November 4, 2019. Arun Nevader | CNBC With the S&P 500 back up near record highs, it can be a challenge to find stocks that still have further room to rally. The danger is that valuations can become inflated, leading
Newport Beach, California, comes in at No. 2 in Hotwire’s 2020 list of “itty bitty city” destinations for quick nearby summer getaways. Westend61/Getty Images Summer is nearly over, and the Covid-19 pandemic shows no sign of abating. Many Americans, who put their vacation plans on hold, are thinking about when they might get away. Shorter