Ark Invest founder and famous Tesla bull Cathie Wood has joined company boss Elon Musk in criticizing the S&P 500’s decision to remove the electric car maker from its market-tracking stock index. most sustainable and socially responsible companies. Tesla was removed from the S&P 500 ESG Index – short for “environmental, social and governance” – … Read more
The median home price in April was a record $391,200, up 14.8% from a year ago, according to a report from the National Association of Realtors. Although price growth was robust, it was slower than in recent months and determined buyers stretched their budgets to buy a home before mortgage rates climbed further. The price … Read more
Starbucks has fired more than 20 union leaders in the United States in recent months as organizing drives have spread across the country, the Guardian can reveal. The news comes as Starbucks workers have filed petitions for union elections at more than 250 stores, covering 35 states in the USA. Starbucks CEO Howard Schultz said … Read more
Some warn that the Federal Reserve’s efforts to slow inflation could potentially return the US economy to the unusual situation it found itself in during the 1970s and early 1980s: stagflation. The big picture: Despite high inflation, the US economy is doing well – with an unemployment rate of 3.6% in April – close to … Read more
If you think stock returns have been tough lately, take a look at the crypto market. Fair warning: you might want to look through your fingers. Bitcoin, the largest cryptocurrency by market capitalization, is currently trading below $30,000 per token, from a high of nearly $68,000 in November 2021. Ether, the cryptocurrency associated with the … Read more
Placeholder while loading article actions The U.S. economy could be heading for a recession next year, according to mounting warnings from banks and economists, as a sudden bout of economic pessimism hits financial markets that had been counting on sustained economic momentum. Although large parts of the economy – including the labor market and consumer … Read more
The FOX Business host weighs in on the criticism the president faced on “Kudlow.” We start tonight with a fabulous quote from my hero Elon Musk: “In the past, I voted Democrat, because they were (mostly) the party of kindness, but they became the party of division and hate so I can no longer support … Read more
LONDON — After sanctions hampered production at its Kaliningrad assembly plant, Russian automaker Avtotor has announced a lottery for free 10-acre plots of land — and the chance to buy seed potatoes – so that employees can grow their own food in the westernmost fringe of the Russian Empire during “the difficult economic situation”. In … Read more
Presenting its “REPowerEU” plan on Wednesday, the European Commission said it would try to reduce consumption of Russian gas across the bloc by 66% by the end of this year – and completely break its dependence before 2027 – saving energy, finding alternative sources. and accelerate the transition to renewable energy. “We are taking our … Read more
The euro sign sculpture stands in front of the former headquarters of the European Central Bank (ECB) in Frankfurt, Germany, Sunday, July 3, 2016. Krisztian Bocsi | Bloomberg | Getty Images The euro is approaching parity with the US dollar for the first time in 20 years, but currency strategists are divided on whether it … Read more