In this article DASH DoorDash announced Tuesday it’s acquiring Wolt, a food delivery platform that’s expanded into groceries and retail, in an all-stock transaction valued at $8.1 billion. The move is an effort to accelerate the company’s international growth. Shares of DoorDash popped more than 11% in after-hours trading following an initial dip. Wolt has about
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Jerry Leonardson, a coronavirus disease (COVID-19) positive patient, sits in his isolation room at Madison Memorial Hospital in Rexburg, Idaho U.S., October 28, 2021. Shannon Stapleton | Reuters After weeks of plunging U.S. Covid-19 cases, the decline in infections has stalled out. New infections have dropped to an average of more than 74,000 per day
skynesher | E+ | Getty Images It’s no secret that there is a gender pay gap in the U.S. Women earned just 84% of what men made in 2020, according to the Pew Research Center. Consequently, it would take female workers an extra 42 days to make the same income men did that year. Now,
NASA Administrator Bill Nelson speaks at a press briefing at the Kennedy Space Center in advance of the launch of the Boeing Starliner Orbital Flight Test 2. Paul Hennessy | LightRocket | Getty Images The National Aeronautics and Space Administration on Tuesday delayed its plans to return astronauts to the surface of the moon, announcing
Former Theranos CEO Elizabeth Holmes leaves after a hearing at a federal court in San Jose, California, July 17, 2019. Stephen Lam | Reuters SAN JOSE, CALIF. — In the final two years of Theranos the company’s lab director, Kingshuk Das, says CEO Elizabeth Holmes ignored his repeated complaints about serious errors with the start-ups
U.S. equity futures were little changed on Tuesday night as investors await key data on Wednesday that’ll be the next big indicator of how much rising price pressures are accelerating. Dow Jones Industrial Average futures fell 41 points, or 0.1%. S&P 500 and Nasdaq 100 futures dipped 0.1%. In regular trading, the Dow lost about
In this article BTC.BS=-USS COIN The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Coinbase, the largest cryptocurrency exchange in the U.S., reported third-quarter earnings after the bell on Tuesday
In this article NCLH DIS CCL U.S. News & World Report on Tuesday published its ranking of the “best” cruise lines of 2022. The publication evaluated 17 cruise lines through a combination of expert evaluations (30%), traveler reviews (50%) and health ratings published by the U.S. Centers for Disease Control and Prevention’s Vessel Sanitation Program
With the pause on federal student loan payments ending in less than 90 days, many workers are under growing financial pressure — and employers are taking notice. That’s driving more companies to enhance the benefits they offer, especially when it comes to college affordability. In fact, in today’s job market, student loan repayment and tuition
In this article LSEG-GB The London Stock Exchange is aiming to make funding for carbon reduction projects more transparent, introducing a new market that it says will help the industry to scale. Currently, so-called voluntary carbon markets allow companies to buy and sell carbon credits. Carbon credits are created by projects that help reduce or
In this article RBLX The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. NYSE Shares of video-game company Roblox soared as much as 35% in extended trading on Monday after the company reported third-quarter results that impressed analysts. Here’s how
In this article AAPL Apple CEO Tim Cook Michel Porro | Getty Images Apple CEO Tim Cook said he personally owns cryptocurrency on Tuesday after he was asked at the DealBook conference if he owns bitcoin or ethereum. “I do. I think it’s reasonable to own it as part of a diversified portfolio,” Cook told
Pedestrians carrying shopping bags wait to cross a street in the SoHo neighborhood of New York on Oct. 24, 2021. Bloomberg | Bloomberg | Getty Images Most Americans say they don’t intend to spend more than last year this holiday season – yet that doesn’t mean they won’t go into debt. A survey from CreditCards.com
Carlina Teteris | Moment | Getty Images Financial advisors are often lauded for their investment acumen. Frequently, their biggest value is in saving clients from their worst impulses. Indeed, top advisors on CNBC’s annual Financial Advisor 100 list have received ample requests for strange, risky or outright dumb investments during their careers — and, if
People look at models of houses at the 2021 Dalian autumn real estate fair at Dalian World Expo Center on October 15, 2021 in Dalian, Liaoning Province of China. Liu Debin | Visual China Group | Getty Images BEIJING — Worries about Chinese real estate developers’ high debt levels have rattled investors despite signs that
In this article PYPL The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images PayPal reported revenue growth for the third quarter of 13% on Monday and said it’s teaming up with Amazon to let U.S. customers pay with Venmo at checkout, starting in 2022. The shares
A United Airlines Boeing 737-800 and United Airlines A320 Airbus on seen approach to San Francisco International Airport, San Francisco. Louis Nastro | Reuters A federal judge in Texas on Monday ruled that United Airlines‘ employee vaccine policy can proceed. The Chicago-based airline has one of the strictest employee vaccine policies in the country. In
We got an inside look at what it’s like during the first week for new freshmen, known as “rats,” at the Virginia Military Institute in Lexington, Virginia. “Hell week” marks the beginning of the rats’ journey to becoming full-fledged cadets at VMI, the oldest public senior military college in the US, which has been at
Sept. 1 — Springfield, MO-based National Audio Company opened in 1969 and when other major manufacturers abandoned tape manufacturing for CD production in the late 1990s, the company held on tight. Now, the cassette maker is pumping out more cassettes than ever before. (Video By: Jeniece Pettitt, Ryo Ikegami) — Subscribe to Bloomberg on YouTube:
skynesher It’s been a banner year for actively managed stock mutual funds, with 21.1% average growth through October, according to Morningstar. However, year-end payouts may soon put a damper on double-digit returns, triggering tax bills for funds in brokerage accounts. When a fund manager sells underlying assets at a profit without losses to offset it,
Maskot | Maskot | Getty Images It is easy to feel pessimistic — even apocalyptic — about the looming challenge of long-term care for the nearly 71 million baby boomers heading into their golden years. Consider a few numbers: There are currently 14 million people receiving some form of long-term care. That number will double
Richard Clarida, vice chairman of the U.S. Federal Reserve nominee for U.S. President Donald Trump, speaks during a Senate Banking Committee confirmation hearing in 2018. Bloomberg | Bloomberg | Getty Images Federal Reserve Vice Chairman Richard Clarida conceded Monday that inflation is running well above a level that the central bank considers desirable, and if
In this article CSG.N-CH A Credit Suisse logo in the window of a Credit Suisse Group AG bank branch in Zurich, Switzerland, on Thursday, April 8, 2021. Stefan Wermuth | Bloomberg | Getty Images Credit Suisse has beaten analyst estimates for the third quarter, but took a hit from charges settling allegations of corruption in
Suebsiri Srithanyarat | EyeEm | Getty Images Romanian authorities have arrested two people suspected of cyberattacks worldwide that used the REvil ransomware, the European law enforcement agency Europol announced Monday. The duo are suspected of causing 5,000 infections with the ransomware, pocketing a half a million euros in ransom payments, according to Europol, which said
katleho Seisa More employees will have access to retirement savings through Betterment’s 401(k) plans, thanks to rapid growth the online wealth advisor has seen in that part of its business. The company’s 401(k) business, Betterment for Business, has seen seen a 370% increase in year-over-year retirement plan adoption. In 10 of the states that are
(Click here to subscribe to the Delivering Alpha newsletter.) While much of the world has been focused on environmental, social, and governance issues over the past few years, more recently, cracks are starting to show in the way companies are working to solve ESG challenges. Eileen Murray is the chairperson at the Financial Industry Regulatory Authority and
It took 1,458 flights and 1,117 buses and trains for Drew Binsky to reach his goal of traveling to every country in the world. And he did it in less than a decade. CNBC spoke with Binsky nine hours after he touched down in his last country — Saudi Arabia — about how he financed
Traders work on the floor of the New York Stock Exchange (NYSE) on October 25, 2021 in New York City. Spencer Platt | Getty Images Stock futures idled in overnight trading after the major U.S. market indexes reached record highs on Friday following a better-than-expected October jobs report. Futures on the Dow Jones Industrial Average
In this article FSLR First Solar Inc. Source: First Solar First Solar‘s net sales declined during the third quarter, the company said Thursday, amid ongoing supply chain issues. Shares of First Solar slid as much as 2% in after hours trading following the quarterly report. Here’s how the company did versus analysts’ expectations, as compiled
In this article TSLA Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters Tesla CEO Elon Musk faces a tax bill of more than $15 billion in the coming months on stock options, making a sale of his