New AirPods Pro likely one of the hottest Christmas gifts as well as Apple Watch for the December quarter

The US has passed the milestone of 100GW of wind projects operating and connected to the grid, according to the Q3 2019 market report from the American Wind Energy Association (AWEA). “100GW of wind isn’t just a number, it’s the product of 40 years of ingenuity and work from the more than 114,000 Americans directly

Battery developers working for electric automaker Tesla say they have designed a battery pack that could power a car for a million miles. If it gets deployed, the battery could seriously drive down the cost per mile of operating an electric vehicle making clean transport a more viable option for everyday use. Even under extreme

Hedge fund billionaire Bill Ackman has joined the list of investors who think WeWork may be worth nothing.

“I think WeWork has a pretty high probability of being a zero for the equity, as well as for the debt,” Ackman, the founder of the New York-based hedge fund Pershing Square, said in response to a question he received on stage at the Robin Hood investor conference on Tuesday.

A single large cryptocurrency trader manipulated the price of bitcoin as it ran up to a peak of nearly $20,000 in the Fall of 2017, a new study concludes. About half of that increase was due to the influence of a manipulation scheme, according to the study’s authors.

Uber reported third-quarter earnings Monday that beat Wall Street expectations for revenue but also showed a $1.1 billion loss.

How much is a $1.1B loss? To put it into perspective, it means Uber lost $12.5 million every day, or $509,260 per hour — every hour of every day– during the last quarter.

Former McDonald’s CEO Steve Easterbrook could get $70 million of stocks and options after being fired for a consensual relationship with an employee. Why? McDonald’s board of directors decided to classify Easterbrook’s forced dismissal as “without cause” — meaning he is able to keep many of his stock options.

Coca-Cola was once again named the world’s largest plastic polluter. For the second year in a row, the nonprofit Break Free From Plastic tagged the Atlanta-based Coke as the biggest producer of plastic waste. The environmental group had 72,541 volunteers in 51 countries collect plastic waste in September, and 43 percent of what they found

Despite enacting a limited rate cut campaign to push our federal funds rate back to historic lows, Federal Reserve Chairman Jerome Powell expressed confidence in the economy to Congress’s Joint Economic Committee. So Powell sounded an important alarm ignored by both parties and both chambers of Congress.”In addition, I remain concerned that high and rising

The Dow Jones Industrial Average crossed another major milestone on Friday: 28,000. Apple fueled the climb, rallying nearly 31 percent over the 90 trading sessions since the index topped 27,000 and contributing more than 421 points. The tech giant’s gains were driven by two quarters of strong quarterly earnings and robust demand for the new

The cuts are expected to be announced as early as this week and will take place across WeWork’s sprawling global operation. Under the plan, the company’s core business of subletting office space would lay off 2,000 to 2,500 employees, one of the people said. An additional 1,000 employees will leave as WeWork sells or closes

Cannabis stocks were a sea of red again on Monday, with Aurora Cannabis tumbling another 15% following disappointing earnings and MedMen down 23% on news of job cuts and asset sales. The ETFMG Alternative Harvest ETF MJ, -4.35% was last down 4% with 26 of its 36 member stocks trading lower. The Horizons Marijuana Life

Jeff Bezos, founder and chief executive officer of Amazon.com Inc., speaks at the National Press Club in Washington, D.C., on Thursday, Sept. 19, 2019. CEO Jeff Bezos said Thursday that Amazon has ordered 100,000 electric delivery vehicles from start-up Rivian Automotive in a push to make the company’s fleet run entirely on renewable energy. “[We] will have prototypes on the road

The Dow Jones Industrial Average fell from record highs on Tuesday amid losses in Home Depot and a reversal in Boeing shares while the broader market finished the session little changed. The three indexes recorded intraday all-time highs during the session. Home Depot shares slid 5.4% after disappointing same-store sales, a key metric for retailers,

Boston Dynamics, founded in 1992, previously had been focused on researching the mechanics and AI required to build robots that can handle the unscripted reality of this world. The Verge reported today (Sept. 24) the first Spot models are ready, and if you have an idea for how to use a robot, you can now get in touch with Boston Dynamics to

The gas station conversion was jointly funded by the Electric Vehicle Institute and the Maryland Energy Administration, which provided a grant of $786,000. A public works manager for the city of Takoma Park, Maryland, first suggested to Doley a conversation with Electric Vehicle Institute. Matthew Wade, EVI CEO, said the area has had issues with the supply of charging stations not meeting the demand of EVs. Volkswagen funded

Cryptocurrurrency exchange operators including Coinbase, Kraken and Circle have teamed up to create a system that rates digital tokens on how close they are to securities. Aside from Coinbase, Kraken and Circle, founding members of the council also include Anchorage, Bittrex, DRW Cumberland, Genesis and Grayscale Investments. The system addresses a key point of uncertainty that has dogged the cryptocurrency

Some crypt exchanges sell “long” bitcoin derivatives contracts, with which traders bet that prices will rise without buying any coin. Hong Kong bars retail investors from accessing crypto funds; Europe has had stiff restrictions since last year. Two other features can make losses catastrophic: leverage (platforms typically allow derivative traders to borrow between two and 100 times

While predictions about volatile oil prices abound, one theme keeps popping up: geopolitical risk premium. In amongst the screams of geopolitical risk premium are far scarier whispers of words such as demand destruction, trade disputes , and economic climate deterioration. Taking a stroll down memory lane should be enough to sober up those recent predictions that foretold

“We’re coming into a period of illiquidity for equities,” the author of the Global Macro Investor newsletter, followed by the world’s biggest hedge funds, told MarketWatch in a recent interview. Vanguard’s S&P 500 exchange-traded fund VOO, +0.68% shows an outflow of $2.9 billion at the start of this week, marking the biggest withdrawal in the past 10 months, notes Naeem Aslam, chief market analyst at ThinkMarkets: The buzz

The stock shed about 6% in 2018, dragged down by poor reception to the iPhone 10 line-up launched in the year, the broader market downturn and simmering U.S.-China trade tensions. The stock lost about 10% in a single session Jan. 3 before taking off on a strong rally that was interrupted by a short downtrend that began in early May and lasted about

As earnings season kicks off, the market jumped higher after several major banks have already reported better-than-expected results, a sign that the Federal Reserve’s rate cut isn’t having as big of a negative impact on financial companies as Wall Street feared. BlackRock’s third-quarter earnings also beat expectations, by 19 cents a share, with the company’s assets under management also rising 8%

Adding Android users has long been a problem for Snap, since its iOS app for Apple Inc. AAPL, +0.39% iPhones offered far better functionality. “While ‘Farmville’ and the like may evoke somewhat dismissive comments today, recall that at its peak, fees related to games on Facebook’s FB, +0.44% desktop platform generated $1 billion in net revenue and

Netflix is raising another $2 billion in debt to fund additional content creation and other expenses, the company announced Monday. In its third-quarter earnings report last week, the company downplayed the threat of these new streaming services, saying its multibillion-dollar content budget allows it to take “bold swings” on new projects when necessary. The company reiterated that prediction in its letter to

The plunge came as Facebook CEO Mark Zuckerberg appeared before the House Financial Services Committee to defend plans for a new cryptocurrency, libra. “Today’s selloff is a continuation of the themes that have been plaguing crypto for the past few months — increased regulatory scrutiny,” said Jeff Dorman, chief investment officer at Arca. “Cryptocurrency either doesn’t work, in which case investors lose

Microsoft shares contributed to Monday’s gains, rising 2.5% on news the company won a $10 billion cloud contract from the Defense Department. President Donald Trump called in a tweet the move to record highs a “big win for jobs, 401-K’s, and, frankly, EVERYONE.” Last week’s 1.2% rise set the stage for a potential S&P 500 upside breakout, said Craig Johnson, chief market technician

The S&P 500, up 24% since January, is on track to clinch its best year since 2013. Including dividends and other payments, an investment in the S&P 500 would have returned 26% in 2019 thus far. Meanwhile, the best-performing stock in the S&P 500 is Advanced Micro Devices, which has seen its equity price rise

“Amazon is opening a grocery store in Woodland Hills in 2020,” an Amazon spokesperson confirmed to CNET on Monday morning, soon after the company published four new jobs postings for the location. In addition to Whole Foods, which Amazon bought for $13.2 billion in 2017 and has over 500 stores, the company offers grocery delivery through Amazon Fresh, the main Amazon website and

Nissan shares, down 19% this year, closed up 1% at 714.5 yen before the results announcement. Operating profit at Japan’s second-biggest automaker by sales came in at 30 billion yen ($275 million) in July-September versus 101.2 billion yen a year earlier. That compared with a mean forecast of 47.48 billion yen from nine analyst estimates compiled by

Tesla has released the tug of war video between the Tesla Cybertruck and a Ford F150 that they showed during the unveiling and it serves as an interesting size comparison. Musk said that the Tesla Cybertruck would cost less than $50,000 and have better specs than the Ford F150. In the video clip, the Tesla

Millennials became the biggest U.S. generation this year, numbering some 73 million people. In comparison, when baby boomers were the age millennials are today (around 1989), they controlled 21% of all national wealth. Millennials are also earning far less than earlier generations, having reached working age during and after the financial crisis and the Great

They may be circling hundreds of miles above the United States, but the three American residents of the International Space Station have a plan to celebrate Thanksgiving. “It’s all about the togetherness, but not necessarily the commercialism,” said Christina Koch, who is spending nearly a year in space, in a NASA video. Also on board

The economy grew at a 2.1 percent annual pace in the third quarter, up from the 1.9 percent rate previously reported by the Commerce Department. “The increase in real GDP [gross domestic product] in the third quarter reflected positive contributions from PCE, federal government spending, residential investment, private inventory investment, exports, and state and local

Warren Buffett David A. Grogan | CNBCDespite having $128 billion to burn, Warren Buffett just backed out of a bidding war after a slightly higher offer topped Berkshire Hathaway’s. Then private-equity giant Apollo Global Management then sweetened its initial bid to $145 a share, or $5.14 billion. Little is cheap in the market right now

A school district near Olympia, Washington has decided that Asians no longer qualify as persons of color. In their latest equity report, administrators at North Thurston Public Schools lumped Asians in with whites and measured their academic achievements against “students of color,” a category that includes “Black, Latinx, Native American, Pacific Islander, and Multi-Racial Students” who

The U.S. government on Monday said it may slap punitive duties of up to 100% on $2.4 billion in imports from France of Champagne, handbags, cheese and other products, after concluding that France’s new digital services tax would harm U.S. tech companies. U.S. Trade Representative Robert Lighthizer said the government was exploring whether to open similar investigations into the digital

Job growth stumbled in November, with private payrolls increasing by a mere 67,000 jobs, according to the latest ADP National Employment Report published on Wednesday. November’s number was a steep decline from the 121,000 jobs added in October, which was revised slightly lower than the 125,000 initially reported. The bulk of job creation in the

Shares of Peloton, the buzzy bike startup, fell more than 9% on Tuesday as backlash to a new holiday ad built on social media. That erased nearly $942 million from Peloton’s market value in a single day, bringing the company’s market cap to roughly $9.4 billion. Peloton shares gained at a steady clip in November and

Dollar General stock has rallied more than 50% over the last two years. By contrast, Dollar General is entering new cities and towns with small stores and opening up in areas where it has already gained hold. Dollar Tree bought Family Dollar in 2015, but has struggled to absorb the chain into the company. Dollar

The price of gold could jump 9% to $1,600 per ounce by the end of March, according to Goldman Sachs. Goldman analysts highlighted political uncertainty, recession fears, emerging-market growth, central banks’ gold buying, greater discussion of Modern Monetary Theory, and other factors underpinning a higher gold price. “We still see upside in gold as late

Morgan Stanley is cutting approximately 1,500 jobs because of concerns about economic uncertainty around the world, a person familiar with the matter told CNN Business. The job cuts represent more than 2% of the bank’s workforce, which totaled 60,532 at the end of September. Morgan Stanley plans to take a charge of approximately $150 million

Almost a third of chief financial officers (CFOs) quizzed in CNBC’s latest Global CFO Council survey picked out Bezos as their most impressive business leader. Jack Ma, founder of rival online marketplace Alibaba, and Tesla boss Elon Musk came in second and third, respectively. A majority of financial executives in boardrooms around the world say

Amazon has been steadily growing its logistics operation over the last decade, and it now delivers more than half of all Amazon packages in the US, according to an estimate from Morgan Stanley published on Thursday and reported by CNBC. It’s a big investment, and it’s the right long-term decision for customers,” CEO Jeff Bezos

US homebuilders are the most confident they’ve been in two decades, new data from the National Association of Home Builders/Wells Fargo Housing Market Index showed. The December leap further establishes the housing sector as “the hottest part of the whole economy,” Pantheon Macroeconomics Chief Economist Ian Shepherdson said Monday. The National Association of Home Builders/Wells

Another $700 million will be invested in the truck plant in Dearborn, where 300 new jobs will be added. The investment comes as the U.S. new vehicle sales cycle has peaked and appears to be leveling off at around 17 million vehicles per year. The Wayne plant investment will used to build the new Ford

Nike’s growth on its home turf in North America came in slightly weaker than expected. That was better than the 58 cents analysts were expecting, based on Refinitiv data. Revenue was up about 10% to $10.33 billion from $9.37 billion a year ago, beating expectations for $10.09 billion. It said online sales surged more than

Linda and Gary Cameron always dreamed of renovating their small home to accommodate more family and friends. Sadly, after 40 years of marriage, their dream came to an end when Gary passed away. So when Linda received money from his life insurance, she decided to finally make the renovations in his honor and memory. But

Amish people exercise their religious freedom by living a simple life without any technology. And most state and local governments tend to leave them alone. But a Michigan county decided to pick a fight with the local Amish community over their use of outhouses instead of septic systems. County officials posted notices on several Amish

Face coverings are a great way to defeat the surveillance state—especially now that the U.S. government has conceded that masks confuse the hell out of facial recognition technology. “The more of the nose a mask covers, the lower the algorithm’s accuracy,” the NIST report adds of the digitally simulated coverings used in the study. The

According to KTTV-TV reporter Bill Melugin, the Los Angeles County Board of Supervisors voted 4-1 on Tuesday, August 4, 2020 to include the charter amendment on November’s ballot. “It would strip $880 million away from Sheriff’s Department, court system, DA’s office, and redistribute it to low income areas/social programs,” Melugin reported. “Supervisor Kathryn Barger was

Drivers for Uber and Lyft have always been paid as contract workers, meaning that the rideshare companies do not have to take withholding tax, don’t have to pay for half of their Social Security, and don’t have to offer benefits common to employees. But a judge on Monday ordered ride-hailing giants Uber and Lyft to

In early 2020, a California law went into effect classifying most freelancer workers and independent contractors as employees. The law was clearly aimed at Uber and Lyft, trying to force those companys to pay its drivers benefits and payroll taxes. In an ironic twist, Vox media celebrated the win for workers, pandering to its left-leaning audience.

A Canadian woman discovered she had won a $45,000 lottery jackpot when she was cleaning her kitchen a month after the drawing. Carolyn Bauer told British Columbia Lottery Corp. officials she was cleaning her kitchen when she found three forgotten Lotto 6/49 tickets hidden behind a radio. Bauer checked the tickets and found that one

Apple just announced that it will lower the App Store fee to 15% from 30% for developers who produce as much as $1 million in annual revenue from their apps and those who are new to the store. The move is seen as a partial concession to criticism over its power in the Apple-device ecosystem.

Prompted by a rise in coronavirus cases, the country’s mayors and governors are imposing new restrictions on bars and restaurants, including curfews and the forced shuttering of indoor dining rooms. On Monday, Philadelphia issued a new public health order closing down indoor dining, alongside gyms and movie theaters. But the most dramatic rollback of business

Early bitcoin investors and founders of crypto-exchange Gemini, Tyler and Cameron Winklevoss, see bitcoin gaining more than 25 times its current value as more investors adopt the cryptocurrency as an inflation hedge. “We think it will be the best performing asset of the current decade,” Tyler Winklevoss said in an interview with Seema Mody on

Thanksgiving Day spending rose by nearly 22 percent year over year to $5.1 billion, hitting a new record, according to Adobe Analytics data. The company analyzes traffic on retail websites and transactions from 80 of the top 100 U.S. online retailers. Like just about every aspect of 2020, the coronavirus pandemic has shaken up the

Despite warnings from public health officials, more people in the U.S. boarded planes on the day before Thanksgiving than any day since March, part of a broader surge in travel that comes amid a significant surge of Covid-19 cases. According to Transportation Security Administration figures, 1,070,967 people crossed TSA checkpoints Wednesday, part of a surge

Amazon said Tuesday that this year’s holiday shopping season has been the biggest in its history, as the coronavirus pandemic forced more people than ever to do their shopping online. “In a holiday season unlike any other, it’s clear that customers still want great deals on gifts for their loved ones or a little something

A couple of years ago, French President Emmanuel Macron initiated the Tech for Good Summit by inviting 50 tech CEOs to discuss the challenges in the tech industry. This year, Viva Technology had to be canceled, which means that tech CEOs couldn’t get together, take a group photo and say that they want to make

Realtor.com®’s 2021 housing forecast predicts record-high prices will continue rising in 2021, delivering a blow to first-time buyers and those on a budget. Mortgage interest rates, which hit historic lows this year and helped fuel the go-go growth in U.S. housing markets, are also expected to tick up again, making monthly housing payments ever more

Investors are on pace to build many more new build-to-rent (BTR) houses in 2020 than they did the year before—spurred by a demand that’s a byproduct of the upheaval caused by the COVID-19 pandemic. To serve these renters, developers are on track to reach 55,000 to 60,000 new rental housing construction starts in 2020, according to the National Rental Home

If you’re thinking about leaving the country (for whatever reason), you’ll need to plan for international moving costs. “Every time I’ve moved to a new country, my first few months are significantly more expensive than the rest because getting settled and getting the bureaucratic stuff taken care of can cost a good chunk of change,”

Moderna shares have skyrocketed over 680% year to date fueled by excitement over its COVID-19 vaccine program. For Moderna to be a millionaire-maker with an initial investment of $10,000, the biotech stock would have to multiply 100 times over.  But it’s possible. Nearly all of the biotech’s gains since its initial public offering in late 2018 were

Emerging from United States Air Force planes, four-legged robot dogs scampered onto an airfield in the Mojave Desert, offering a possible preview into the future of warfare. “The dogs give us visuals of the area, all while keeping our defenders closer to the aircraft,” said Master Sgt. The dogs are called Vision 60 UGVs, or

President-elect Joe Biden and Vice President-elect Kamala Harris have been named Time magazine’s Person of the Year for 2020. The pair were chosen over finalists including President Donald Trump, the movement for racial justice, and frontline health workers with Dr. Anthony Fauci. Time’s editor-in-chief, Edward Felsenthal, said Biden and Harris received the recognition “for changing

Shockingly, far too many Americans reach their later years woefully un prepared for the years ahead. The Social Security Administration reports half of all married couples and 70% of unmarried seniors get at least 50% of their household money from their retirement benefits. Unfortunately, that amount could eat up about about 22% of the average

Hyundai is officially purchasing a controlling stake in robot maker Boston Dynamics from SoftBank in a deal that values the company at $1.1 billion, the company announced today. The deal has been in the works for a while, according to recent a report from Bloomberg , and marks a major step into consumer robotics for

Walt Disney Co. ’s flagship streaming service Disney+ is growing at such a clip that the company’s world-wide subscriber count could triple to 260 million by 2024, the company said Thursday. That is a massive increase from its current count of 86.8 million subscribers worldwide. The revised guidance puts Disney’s year-old service in the league

Bitcoin breached the $20,000 level for the first time in history, as crypto enthusiasts pointed to increased demand from institutional investors for the red-hot digital currency. Analysts say it’s gotten a boost from big-name investors such as Paul Tudor Jones and Stanley Druckenmiller moving their own assets into the cryptocurrency, while tech firms such as

Lyft Inc. expects customers will be able to use its app to hail cars without drivers starting in 2023, the company said Wednesday. The self-driving rides will be powered by Motional Inc., an autonomous driving joint venture between Hyundai Motor Group and Aptiv Plc. The announcement comes the week after Lyft’s larger rival, Uber Technologies

This year, investors have navigated their way through a 34% loss in the broad-based S&P 500 in less than five weeks, as well as a greater than 80% bounce in the technology-dependent Nasdaq Composite since the March 23 bear market bottom. The world’s largest cryptocurrency, Bitcoin, has effectively tripled since the year began, which is

Close to 200 organizations were hacked by Russia as part of the cybersecurity attack on SolarWinds, a third party software contractor, that has compromised multiple government agencies. A SolarWinds spokesperson told The Hill that it “continues collaborating closely with our customers, security professionals, law enforcement and intelligence communities across the globe to determine the responsible

When the coronavirus sent millions home to social distance and closed stores across the U.S. and beyond, the clock started ticking — and it ticked much faster for some. For many retailers, a few quick steps — curbside pickup programs that sprang up overnight, suddenly ship from store web sites, furloughs and pay reductions —

Lawmakers struck a nearly $900 billion COVID-19 stimulus deal Sunday that includes another round of stimulus checks and badly needed jobless benefits for struggling Americans, ending a long standoff in Washington with one of the biggest rescue bills in U.S. history. The deal came down to the wire as two unemployment programs are set to

In a fiery hearing, two IRS whistleblowers, Gary Shapley and Joseph Ziegler, aired claims of alleged meddling in the Hunter Biden investigation by the Department of Justice. Shapley recounted a worrying incident where Attorney David Weiss, leading the case, claimed he didn’t hold the power to press charges. Meanwhile, Ziegler cited extensive mismanagement and wasted

Moscow just had a surprise visitor – drones! President Putin says at least eight of them buzzed over the city, causing damage and some injuries. He’s pointing fingers at Kyiv, Ukraine’s capital, calling this a “terrorist activity.” But guess what? Kyiv seems okay with that. An adviser to Ukraine’s President Zelenskyy says they’re “happy” to