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Biden says he opposes expanding Supreme Court even after he criticizes affirmative-action ruling
President Joe Biden on Thursday indicated that he remains opposed to expanding the Supreme Court, even as he criticized the high court’s ruling against affirmative action at universities. In an MSNBC interview, Biden was asked if he’s worried that without reforms for the Supreme Court, its conservative majority is “too…
Xponential Fitness stock soars after CycleBar, StretchLab parent denounces short-seller report
Shares of Xponential Fitness Inc. bounced sharply Wednesday, after the franchiser of boutique fitness brands, including CycleBar, StretchLab and Club Pilates, denounced a bearish investor’s report that led to a record selloff in the previous session. And analyst Randal Konik at Jefferies did the same, recommending investors buy the stock…
Tesla is opening its Supercharger network to rival EV makers. That could turbocharge the stock.
“ Tesla is not merely participating in the EV revolution, it’s steering it. ” It’s not often that a corporation can reshape an entire industry with a single decision. Now, Tesla TSLA, +0.56% is doing exactly that by opening its proprietary Supercharger network to rival manufacturers’ electric vehicles (EVs). To…
Airbnb rental revenues have plunged in some parts of the U.S., this chart suggests, but some doubts surround the data
Call it the Barbie top? Vacation rental group Airbnb announced earlier this week that a Barbie-themed hot-pink DreamHouse mansion in Malibu is temporarily back among its worldwide listings. This time, two lucky applicants will get two free nights in the mansion, as part of a promotion from Airbnb ABNB, -0.20%…
RAD Stock Price | Rite Aid Corp. Stock Quote (U.S.: NYSE)
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DoorDash worker gets $10,000 gift from the company: ‘I almost started crying’
For one DoorDash delivery worker who received a $10,000 gift from the company this week, it couldn’t have come at a better time. “My husband cut his hand and had been on workers’ comp, so it’s been kind of rough lately,” Peggie, a Michigan resident who asked for privacy reasons…
S&P 500, Dow end lower after Powell keeps door open to Fed raising rates twice more
[]U.S. stocks finished a choppy session mostly lower on Wednesday after Federal Reserve Chairman Jerome Powell reiterated that the central bank is likely to raise interest rates twice more this year. []Investors also focused on the potential for the Biden administration to consider new restrictions on exports of artificial-intelligence-related products to China,…
‘We’ve never seen this before’: Millionaires are doing something unusual to preserve their wealth — and you can do the same
This past year has clearly been tough on investors — from clock-watchers to high-net-worth individuals — and the latter have shown a dramatic change in behavior. Falling stock prices, rising interest rates, an uncertain economic outlook and the constant drumbeat of recession have led high-net-worth individuals (HNWI) to change their…
General Mills’ stock slides 5% as sales fall short. North American retailers are reducing inventory.
General Mills Inc.’s stock slid 5% Wednesday, after the parent of brands including Cheerios, Nature Valley, Blue Buffalo pet products and Pillsbury, posted a steep decline in profit and weaker-than-expected sales for its fiscal fourth quarter. “Net sales performance was negatively impacted by a reduction in retailer inventory, with comparable…