CEO and founder of U.S. Nikola Trevor Milton Massimo Pinca | Reuters General Motors is forgoing a potential 11% equity stake in Nikola and dropping plans to build the electric truck maker’s pickup, the Badger, in a smaller, reworked deal, the companies announced Monday. In September, the automakers announced a $2 billion deal that gave
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Cameron (L) and Tyler (R) Winklevoss. Adam Jeffery | CNBC Early bitcoin investors and founders of crypto-exchange Gemini, Tyler and Cameron Winklevoss, see bitcoin gaining more than 25 times its current value as more investors adopt the cryptocurrency as an inflation hedge. “We think it will be the best performing asset of the current decade,”
Commercial air travel has come a long way since the “Golden Age of Travel” — an era marked by glamour, gourmet food and dapper passengers. While complaints about smaller seats and expensive tickets are rife today, a look into the history of commercial aviation shows that today’s customer experience may not be as bad
Traders work the floor of the New York Stock Exchange. NYSE A big year-end rally? Don’t get too excited yet. December is traditionally an up month: Since 1945, the S&P 500 rose nearly 1.5% in all Decembers and advanced in price 73% of the time, according to Sam Stovall at CFRA Research. But hopes for the
krisanapong detraphiphat | Moment | Getty Images The rising economic power of women in this country is one of the most significant financial shifts of recent decades. The bottom line: Women are generating and managing an increasing amount of wealth in the U.S. Today, women control more than $10 trillion (about 33%) of total U.S.
TommL | E+ | Getty Images With sustainable investing, you cannot only use your money to make the world a better place, you can also use your money’s voice. Such is the job of shareholder advocacy, a primary strategy under the umbrella of sustainable/socially responsible investing. A small, but dedicated number of financial advisors, along
A survey of small business owners across the U.S. finds confidence dropping to an all-time low after Biden’s election victory with fears that taxes will go up and regulations become more onerous. Boston Globe | Boston Globe | Getty Images Small business confidence has fallen to an all-time low after the election of former Vice
When should you take money from an inherited 401(k)? getty As part of the Secure Act, most adults who inherit a 401(k) from a parent must take the money in 10 years. Depending on your financial position and life stage, this could complicate your tax situation. After inheriting a 401(k) from a parent, consider ways
Snow birds escaping winter and vacationing on tropical beach paradise. getty Tens of thousands of older adults head to warmer climates for the winter. As hips and knees begin to wear out, arthritic joints make shoveling snow an agony, and icy sidewalks become a fall magnet, heading south, for many, is as much a necessity
Open-air design, with direct marina- to-restaurant access, is among the COVID-era touches appealing … [+] to tenants at Regatta Harbour in Coconut Grove, Fla. Arquitectonica We find ourselves at an intriguing juncture in the novel coronavirus pandemic’s evolution. Just as promising vaccines burst into prominence, promising a brighter post-COVID era, we also stand at the
An exhibitor shows inactivated COVID-19 vaccine candidate from China National Biotec Group of Sinopharm Group during the 2020 China International Fair for Trade in Services at the Beijing Olympic Park on September 5, 2020 in Beijing, China. Han Haidan | China News Service | Getty Images SINGAPORE – Developing countries may face a long wait
One of Wall Street’s biggest bulls expects another market breakout. Capital Wealth Planning’s Jeff Saut sees the S&P 500 hitting 4,000 before year-end — a 10% gain from Friday’s close and an 83% gain from the March 23 low. “Earnings are going to continue to come in better than most people think,” the firm’s advisory
Oliver Rossi When Kaitlin Stupka, 31, her husband and two children moved in with her parents in October 2019, the plan was to stay for six months while they built their dream house in the Dallas-Forth Worth area of Texas. Then the coronavirus pandemic hit. Now, it’s likely the length of their stay will triple,
At $7 million, Atherton, California’s 94027 remains the most expensive Zip code for the fourth … [+] consecutive year. Getty Images A market defined by intense demand for relatively tight supply has pushed home value growth to record levels across the country. To get an idea of where home prices have been resilient in the
Response coordinator for White House Coronavirus Task Force Deborah Birx speaks as President Donald Trump listens during the daily briefing on the novel coronavirus, COVID-19, in the Brady Briefing Room of the White House in Washington, DC on April 21, 2020. Mandel Ngan | AFP | Getty Images WASHINGTON — White House coronavirus response coordinator Dr. Deborah
Stock futures rose slightly in overnight trading on Sunday as the market looks set to finish November with historically strong gains. Futures on the Dow Jones Industrial Average gained 64 points. S&P 500 futures traded 0.3% higher and Nasdaq 100 futures gained 0.5%. The blue-chip Dow has risen 12.9% so far this month, on pace
Customers of mobile savings app Beam, some of whom complained that they had been unable to access their deposits for months, say they are finally getting their money back. The troubles, however, are far from over for the San Francisco-based startup behind the app. The Federal Trade Commission is seeking a court order against alleged
NEW YORK, NY – SEPTEMBER 19: Entrepreneur and philanthropis Sean Parker speaks onstage during … [+] Global Citizen: Movement Makers at NYU Skirball Center on September 19, 2017 in New York City. (Photo by Theo Wargo/Getty Images for Global Citizen) getty Professor Calvin Johnson of the University of Texas recently trashed an innovative tax program
Economic Security Planning, Inc. Today’s column addresses questions about when you can submit your application to begin benefits, Social Security’s earnings test, working part time while receiving disability benefits and what happens to money paid in Social Security taxes but not collected. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
Former Xbox executive Elan Lee, right, co-created the Kickstarter phenomenon Exploding Kittens with … [+] The Oatmeal’s Matthew Inman and Shane Small. getty Video and tabletop game designer Elan Lee is looking to roll the dice in Los Angeles, where his home in the historic Los Feliz neighborhood is on the market for $4.995 million.