Tuesday, January 18th, 2022

Category: Business

Biden says his administration will do ‘whatever is needed’ to help states reeling from tornadoes

U.S. President Joe Biden speaks about the deadly tornadoes that struck Kentucky, in Wilmington, Delaware, U.S., December 11, 2021. Kevin Lamarque | Reuters President Joe Biden said his administration is standing by and ready...

Amazon-backed EV start-up Rivian set to go public

Rivian Automotive will make its market debut on Wednesday, in what’s expected to be one of the biggest IPOs of the year. The electric vehicle maker on Tuesday priced its stock above the expected...

Jussie Smollett found guilty of faking hate crime, lying to police

A Chicago jury reached guilty verdicts on five of six charges against Jussie Smollett Thursday. The former “Empire” actor was accused of falsely reporting that he was the victim of a hate crime that...

Omicron reduces Covid antibody protection in small study of Pfizer vaccine

Nurse Mary Ezzat administers a Pfizer COVID-19 booster shot to Jessica M. at UCI Medical Center in Orange, CA, on Thursday, August 19, 2021. Jeff Gritchen | MediaNews Group | Orange County Register via...

Market history says omicron volatility isn’t a reason to sell

As stock market investors have learned over the past week, it’s tricky to time the next move in the Dow Jones Industrial Average after a big selloff. Buyers stepped in Monday after the 900-point...

Cramer says he plans to own Costco for the long term. Here’s why

CNBC’s Jim Cramer said Friday he intends to own Costco for the long term because the wholesale retailer has the most valuable quality he looks for in stocks: pricing power. “Costco has the No....

CEOs and insiders sell a record $69 billion of their stock

CEOs and corporate insiders have sold a record $69 billion in stock in 2021, as looming tax hikes and lofty share prices encourage many to take profits. From Satya Nadella at Microsoft to Jeff...

Panic is not an investment strategy at all

CNBC’s Jim Cramer said Monday investors need to remain calm and trust in drug companies to develop any additional solutions needed to beat back the newly detected Covid omicron variant. “When I say trust...

Black Friday shopping in stores drops 28% from pre-pandemic levels

Shoppers with bags from various stores stand next to each other as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021. Jon Cherry | Reuters Traffic...

Enel CEO skeptical of carbon capture and storage technology

The CEO of multinational Italian energy firm Enel has expressed doubt on the usefulness of carbon capture and storage, suggesting the technology is not a climate solution. “We have tried and tried — and when I say...