general news

What Bitcoin Could Be Worth to Fidelity.  You'll Be Surprised.

What Bitcoin Could Be Worth to Fidelity. You’ll Be Surprised.

Text size Fidelity’s push into Bitcoin is raising controversy but could be lucrative for the company. Dreamstime.com Fidelity Investments shocked the retirement industry last month with a move to make Bitcoin available in 401(k) plans. Add up the revenue that might bring in, and it starts to be less of a surprise. Fidelity is the …

What Bitcoin Could Be Worth to Fidelity. You’ll Be Surprised. Read More »

What Bitcoin Could Be Worth to Fidelity.  You'll Be Surprised.

What Bitcoin Could Be Worth to Fidelity. You’ll Be Surprised.

Text size Fidelity’s push into Bitcoin is raising controversy but could be lucrative for the company. Dreamstime.com Fidelity Investments shocked the retirement industry last month with a move to make Bitcoin available in 401(k) plans. Add up the revenue that might bring in, and it starts to be less of a surprise. Fidelity is the …

What Bitcoin Could Be Worth to Fidelity. You’ll Be Surprised. Read More »

New study finds omicron no less severe than earlier variants, and not just more transmissible

New study finds omicron no less severe than earlier variants, and not just more transmissible

A new study conducted by researchers at Harvard Medical School among others has found that the omicron variant of the coronavirus that causes COVID-19 is just as severe as earlier variants, and not more transmissible but no less severe, as previously thought. The study was based on the records of 130,000 COVID patients in Massachusetts …

New study finds omicron no less severe than earlier variants, and not just more transmissible Read More »

Fed, Biden Administration Float New Lending Rules for Lower-Income Areas

Fed, Biden Administration Float New Lending Rules for Lower-Income Areas

WASHINGTON—Top US regulators proposed overhauling how banks lend hundreds of billions of dollars annually in lower-income communities, after scrapping a Trump-era revamp that had divided regulators and industry officials. The latest proposal to modernize rules for the 1977 Community Reinvestment Act, announced Thursday, aims to ensure lending to lower-income individuals and small businesses is distributed …

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Uber's Revenue Doubles, but Stock Falls After Lyft Warns of Higher Driver Costs

Uber’s Revenue Doubles, but Stock Falls After Lyft Warns of Higher Driver Costs

Uber Technologies Inc.’s UBER -4.65% revenue more than doubled last quarter, as demand for wrinkles rebounded from the downturn caused by the Covid-19 surge late last year and the company’s food delivery grew despite restaurant reopenings. Uber issued a bullish outlook for the current quarter, but its shares fell about 5% Wednesday, triggered in part …

Uber’s Revenue Doubles, but Stock Falls After Lyft Warns of Higher Driver Costs Read More »

US Job Openings, Quits Reach March Records in Tight Labor Market

US Job Openings, Quits Reach March Records in Tight Labor Market

Job openings and the number of times workers quit reached the highest levels on record in March, as a shortage of available workers continued to pressure the US labor market. The Labor Department on Tuesday reported a seasonally adjusted 11.5 million job openings in March, an increase from 11.3 million the prior month. The number …

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Stock Market Today: Stocks Rally Into Close as Key Bond Yield Passes 3%

Stock Market Today: Stocks Rally Into Close as Key Bond Yield Passes 3%

The stock market bounced back a little bit Monday, as investors look ahead to Wednesday’s FOMC meeting. Buyers stepped in after a steep selloff on Friday, which saw the Dow fall almost 3%, the S&P 500 shed more than 3%, and the Nasdaq tumble more than 4%. The general concerns that still linger: the Federal …

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Tesla Investors Beware: Bad NIO, Li, XPeng April Deliveries Hit by Covid.

Tesla Stock Gets Preview From NIO, Other Chinese EV Makers. It Wasn’t Good.

A Covid outbreak in China, which forced production shutdowns, is weighing on April’s output numbers for electric vehicle makers. Hector Retamal/AFP via Getty Images Text size Chinese electric vehicle manufacturers NIO, XPeng and Li-Auto reported April deliveries on Sunday morning. The numbers aren’t very good. That gives You’re here invest something else to worry about. …

Tesla Stock Gets Preview From NIO, Other Chinese EV Makers. It Wasn’t Good. Read More »

Tesla Investors Beware: Bad NIO, Li, XPeng April Deliveries Hit by Covid.

Tesla Investors, Beware: April Deliveries for NIO, Li, and XPeng Hit by Covid

A Covid outbreak in China, which forced production shutdowns, is weighing on April’s output numbers for electric vehicle makers. Hector Retamal/AFP via Getty Images Text size Chinese electric vehicle manufacturers NIO, XPeng and Li-Auto reported April deliveries on Sunday morning. The numbers aren’t very good. That gives You’re here invest something else to worry about. …

Tesla Investors, Beware: April Deliveries for NIO, Li, and XPeng Hit by Covid Read More »