GM CEO and chairman Mary Barra speaks during an “EV Day” on March 4, 2020 at the company’s tech and design campus in Warren, Mich., a suburb of Detroit GM General Motors is set to report its fourth-quarter earnings before the bell on Wednesday. Here’s what Wall Street is expecting, based on average analysts’ estimates
The red hot SPAC market is getting even hotter in 2021, raising concerns about rampant speculation detached from reason that could leave retail investors fresh off the GameStop bust holding the bag. Not only are special purpose acquisition companies raising a record level of capital — more than $30 billion so far for its biggest
Instability in financial markets and personal finances over the course of 2020 may have significantly altered our relationship with money, according to new research, which suggests people have more faith in robots than humans to manage their cash. Over three-quarters (76%) of consumers in Asia-Pacific said they would now trust a robot more than a
Ron Baron, founder of Baron Capital, is a Tesla shareholder and a big believer in Elon Musk’s vision of the future. Baron believes Tesla can grow sales to $1 trillion in 12 years. Anjali Sundaram | CNBC Billionaire investor Ron Baron told CNBC on Monday he believes Tesla’s bitcoin purchase is “not surprising,” but the longtime
Vice President Kamala Harris, from left, U.S. President Joe Biden and Senate Majority Leader Chuck Schumer, a Democrat from New York, wear protective masks while meeting with Democratic senators in the Oval Office of the White House in Washington, on Wednesday, Feb. 3, 2021 to discuss Covid-19 stimulus relief. Stefani Reynolds | Bloomberg | Getty
Protestors call for a $15 minimum wage outside of McDonald’s corporate headquarters in Chicago on Jan. 15, 2021. Scott Olson | Getty Images The push for a $15 federal minimum wage continues. Just days after the Senate voted on a nonbinding amendment to prohibit raising the minimum wage during the pandemic, the House of Representatives
Employees work at the Canopy Growth facility in Smith Falls, Ontario, Canada, Dec. 19, 2017. Chris Roussakis | Bloomberg | Getty Images Canopy Growth shares rallied Tuesday after the Canadian cannabis company said it expects to be profitable by the second half of 2022. “We are building a track record of winning in our core
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Rideshare company Lyft reported fourth-quarter earnings on Tuesday,
U.S. stock were flat in overnight trading on Tuesday following the regular session that snapped a six-day winning streak on Wall Street. Dow futures rose 35 points. S&P 500 futures gained 0.14% and Nasdaq 100 futures rose 0.13%. Better-than-expected earnings from Twitter, Lyft, Cisco Systems, Mattel and Yelp boosted sentiment on Wall Street. Lyft reported
laflor | E+ | Getty Images After experiencing a year that I am sure we would all like to forget, there are definitely some financial lessons learned from 2020 that we should use in our day to day lives going forward. The most significant thing about experiencing events that are statistically very rare, such as
Billionaire investor Sam Zell told CNBC on Tuesday that some deals involving special purpose acquisition companies remind him of the speculation in internet companies during the 1990s dot-com bubble. In an interview on “Squawk Box,” Zell said he believes SPACs do offer positive benefits for investors who buy in at the creation of the so-called blank check
President Biden is determined to provide a third round of COVID stimulus to the American people, and with Democrats in control of both the House of Representatives and the Senate, there are few fiscal or procedural impediments to doing just that. WASHINGTON, DC – FEBRUARY 09: Secretary of the Treasury, Janet Yellen looks on as
sturti | E+ | Getty Images Democrats are forging ahead with plans to send millions of Americans $1,400 stimulus checks. Their most recent proposal sheds light on just who could be eligible for the money once it’s approved. The House of Representatives unveiled its legislative drafts on Monday. Democrats, under the leadership of President Joe
Twitter and Square CEO Jack Dorsey speaks during a press event at CES 2019 on January 9, 2019 in Las Vegas, Nevada. David Becker | Getty Images News | Getty Images Twitter’s stock was flat in after-hours trading on Tuesday after the company reported its fourth-quarter earnings, as the company beat Wall Street’s earnings and
Alex Gorsky, Chairman and CEO of Johnson & Johnson, celebrates the 75th anniversary of his company’s listing on the floor at the New York Stock Exchange, September 17, 2019. Brendan McDermid | Reuters People may need to get vaccinated against Covid-19 annually, just like seasonal flu shots, over the next several years, Johnson & Johnson
The Twitter App loads on an iPhone in this illustration photograph taken in Los Angeles, California. Mike Blake | Reuters Check out the companies making headlines after the bell on Tuesday: Twitter — The social media company’s shares were up 1% after-hours on better-than-expected results for the fourth quarter. Twitter earned 38 cents a share
In October 2011, I moved to New York to pursue my dream of becoming a writer. I’d graduated from Boston University in 2008 with $85,000 in student loan debt. Although I’d made some payments, by the time I moved I was closer to $90,000 in the hole due to mounting interest. I juggled multiple jobs
If anybody on Wall Street is due a victory lap, it’s Daniel Pinto. The head of JPMorgan Chase‘s massive corporate and investment bank is fresh off a year for the record books: Pinto’s business produced $49.3 billion in revenue and $17.1 billion in profit in 2020, more earnings than JPMorgan’s three other divisions combined. But
Economic Security Planning, Inc. Today’s column addresses questions about whether filing at 70 increases spousal and survivor’s benefits payable to a spouse, when the combined family maximum applies and whether previous COLAs are included in delayed retirement benefit rates. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of
Broker Associate at LIV | Sotheby’s International Realty based in Breckenridge, Colorado. getty In the last few years, we have learned that adapting to ever-changing business practices is essential to remaining relevant and successful in any business. Real estate professionals are no different. Although technology continues to disrupt the way we conduct business, technological advancements are a great