Elon Musk runs two of the world’s most innovative and valuable tech companies — but you may not want to be his assistant. The 50-year-old SpaceX and Tesla CEO is a business “savant,” but his “gift is not empathy with people,” his brother and longtime business partner Kimbal Musk told Time Magazine earlier this month.
Month: December 2021
Marko Geber | DigitalVision | Getty Images Employers are increasingly putting retirement savings on autopilot for their workers. About 62% of businesses with a 401(k) plan used automatic enrollment in 2020, up from 60% the year prior and 46% a decade ago, according to the Plan Sponsor Council of America, a trade group. This feature
In this article TAP ABI-BE PEP SAM 2587.T-JP KO RI-FR Topo Chico Hard Seltzer Source: Coca-Cola Bud Light is adding cola and orange soda to its seltzer, Mountain Dew is moving into the alcohol aisles and Molson Coors has a whiskey brand. In the hunt for growth, beverage companies are experimenting in new categories, blurring
Victoria Popova | iStock | Getty Images Student loan borrowers got some happy news this holiday season: They’ll have an additional three months before they have to start making their payments again. The payment pause, which has been in effect since March 2020, was scheduled to expire Jan. 31, but the Biden administration announced it
In this article DIDI CAR MRNA CI GDDY AAPL Check out the companies making headlines before the bell: Airline stocks – The major carriers saw their shares fall in the premarket after a surge in weekend cancellations due to staffing issues. United Airlines (UAL) slid 1.8%, American Airlines (AAL) fell 1.4%, Delta Air Lines (DAL)
In this article APA GDDY AAL AEO RL GoDaddy logo SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. GoDaddy — The web hosting company saw its shares jump nearly 9.2% following a Wall Street Journal report that activist investor Starboard Value has taken a 6.5% stake in it,
Integrity Pictures Inc | The Image Bank | Getty Images The share of employers allowing Roth 401(k) savings surged last year, giving more workers access to the financial benefits that accompany such contributions. A Roth is a type of after-tax account. Workers pay taxes up front on 401(k) savings, but investment growth and account withdrawals
2021 was a wild year for cryptocurrency. Despite bitcoin’s recent plunge, for example, its price has still risen by more than 70% in the past 52 weeks. More important, bitcoin and other cryptocurrencies have made tremendous strides, not just in valuation — today the cryptocurrency market capitalization is estimated at $2.5 trillion, more than double a year
In this article GDDY Spencer Platt | Getty Images Activist investor Starboard Value has taken a 6.5% stake in GoDaddy, sparking a rally in shares of the web services company. The hedge fund bought more than 10,000 shares of GoDaddy, worth about $800 million, according to a regulatory filing. The new stake became the biggest
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, D.C., on Wednesday, Dec. 1, 2021. Jim Lo Scalzo | EPA | Bloomberg | Getty Images The federal government should consider requiring Covid-19 vaccines
Whenever Anne Helen Petersen and her partner Charlie Warzel, both journalists, were on a trip, they’d find themselves talking about moving to wherever they were visiting. “It would happen when we went to Santa Fe and to the Catskills,” Petersen said. “It was every single place.” That told them that they weren’t happy in New
Your car may be more valuable than what’s in your portfolio. Used auto prices are rising faster than bitcoin and other assets, according to market researcher Jim Bianco. “If you want to know what the best investment you probably had in 2021, it’s that car sitting in your driveway or in that garage,” the Bianco
The Jet offers one-by-two luxury seating in its 14-passenger coaches between New York and Washington, D.C., along with at-seat attendant service and UV air filtration. The Jet For New York City resident James Gilmer, 28, long-distance travel by bus usually means something very specific: getting to and from his hometown of Pittsburgh during the holidays.
In this article T DIS CMCSA Ariana DeBose stars as Anita in Steven Spielberg’s new “West Side Story” movie. 20th Century Studios Despite rave reviews, Steven Spielberg’s “West Side Story” has failed to gain traction with audiences at the box office. In its first three weeks in cinemas, the adaption of Leonard Bernstein and Stephen
DjelicS | E+ | Getty Images If you still have money in your flexible spending account, be aware that you may have only another week or so to spend it. Congressional action loosened FSA rules for 2020 and 2021 as a way to give workers more time to spend unused funds, yet many companies did
A traveler wearing a protective mask waits to board a United Airlines flight at San Francisco International Airport, Oct. 15, 2020. David Paul Morris | Bloomberg | Getty Images United Airlines and Delta Air Lines canceled dozens of Christmas Eve flights as Covid hit crews. “The nationwide spike in Omicron cases this week has had
RgStudio | E+ | Getty Images It’s almost time to ring in the new year. Before you do, there are some smart money moves you can still make that can set you up for success in 2022 — and beyond. To be sure, practicing good financial health is important all year long. However, there are
For the most part, Bill Gates is optimistic about 2022. But the billionaire Microsoft co-founder still has a few concerns heading into the coming year. In Gates’ recently published end-of-year blog post, titled “Reasons for optimism after a difficult year,” he made multiple rosy prognostications — from the Covid pandemic potentially ending to the oncoming
Stock futures were slightly higher Wednesday evening following the second trading day in which equities climbed higher, as investors looked past earlier jitters about the spread of the omicron Covid variant. Futures contracts tied to the Dow Jones Industrial Average added 0.06%. S&P 500 futures rose 0.1% and Nasdaq 100 futures gained 0.06%. In regular
Christmas shoppers in London on Dec. 23, 2021. Hasan Esen | Anadolu Agency | Getty Images LONDON — People are far less likely to be admitted to hospital with the omicron Covid variant than the previous delta strain, according to a U.K. government study published Thursday. The U.K. Health Security Agency said individuals with omicron
Nederland, Colorado resident Nick Emery clears mountains of snow from his driveway on March 14, 2021. Helen H. Richardson | Denver Post | Getty Images It’s gearing up to be an expensive winter, especially for those grappling with rising heating costs. In the last year, about 20% of Americans struggled to pay their energy bill
In this article 9618-HK 700-HK JD.com plummeted Thursday after Tencent announced it will be giving most of its shares in the Chinese e-commerce giant away to its shareholders. Tencent said it will declare a one-time dividend in which it will distribute more than 457 million Class A ordinary shares of JD.com to shareholders, with a
Investors may want to look under the radar for electric vehicle plays in the year ahead, two traders say. With popular stocks such as Tesla and Nikola reaching exorbitant valuations, “we’re trying to play around the edges,” Laffer Tengler Investments’ Nancy Tengler told CNBC’s “Trading Nation” on Thursday. “There’s two ways for investors to nibble
The crypto ecosystem has expanded significantly in recent years. While institutions such as the IMF are starting to embrace its innovation, they are also calling for investors to exercise caution. Jakub Porzycki | NurPhoto via Getty Images Cryptocurrency donations to charity are booming, with gifts still rolling in as the calendar winds down. There was
In this article MON Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Cryptocurrencies have had yet another wild year. Bitcoin, the world’s largest digital asset, has seen a roughly 65% gain since January — with some
Selling a company for billions of dollars didn’t immediately upgrade Mark Cuban’s life. In fact, the longtime entrepreneur, investor and “Shark Tank” star found himself in the middle seat of an airplane while going to Las Vegas to celebrate his windfall. “When I sold my company for billions of dollars, to go and celebrate, I
In this article TSLA SFIX NVAX 9618-HK NKLA AVO Check out the companies making headlines before the bell: Novavax (NVAX) – Novavax jumped 3.4% in the premarket after the drugmaker said a two-dose treatment of its Covid-19 vaccine demonstrated strong immune responses against the omicron variant. It did add that the response to omicron was
Michael Rubin joined rapper Lil Baby in a scrimmage game that featured the children who attended REFORM Alliance night. Photo: Shareif Ziyadat and Studio 76 Throughout 2021, Fanatics chairman Michael Rubin spent his time bringing his company to an $18 billion e-commerce empire. He took over Major League Baseball’s trading card license, guaranteed $1 billion
New Hampshire parents and others gather outside of Sen. Maggie Hassan’s Manchester office on Sept, 14, 2021.. Scott Eisen | Getty Images Entertainment | Getty Images Democrats on Capitol Hill will face a big task when they regroup in the new year — finding common ground on the Build Back Better legislation. One key question
In this article NKLA San Pedro, CA – December 17: The first two zero-emissions electric trucks, from an order of 100 vehicles, delivered from the Nikola Corporation to Total Transportation Services at the Port of Los Angeles in San Pedro on Friday, December 17, 2021. Brittany Murray | MediaNews Group | Getty Images Nikola shares jumped
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