Former FDA Commissioner Scott Gottlieb said he was “not sure” about Biden’s India travel ban. Gottlieb said he didn’t think the ban, slated to begin Tuesday, would be effective because variants are already spreading in the US. India is dealing with an ongoing surge of COVID-19 that has overwhelmed its healthcare system. See more stories…
Former President Barack Obama thanked Adm. William McRaven, the Navy SEAL who oversaw the bin Laden raid, with the gift of a tape measure, according to Obama’s 2020 book, “A Promised Land.” The gift was an inside joke from the mission and perhaps the first light-hearted moment in a very tense period for everyone involved.…
Starbucks CEO said the chain had low turnover and was mostly unaffected by worker shortages. But baristas and managers across the US told Insider that their stores are understaffed. Starbucks says it offers a “world class benefits program.” See more stories on Insider’s business page. Starbucks executives say the company isn’t feeling the effects of…
Warren Buffett. REUTERS/Rick Wilking Warren Buffett’s Berkshire Hathaway sold stocks and reduced buybacks last quarter.The famed investor’s company cashed out a net $3.9 billion of equities.Berkshire also bought back $6.6 billion of stock, down from about $9 billion last quarter.See more stories on Insider’s business page.Warren Buffett’s Berkshire Hathaway was a net seller of stocks…
Investing in the stock market always involves risk, but you can mitigate it by diversifying. Exchange-traded funds are diversified like mutual funds but are bought and sold like stocks. Three millionaires told Insider the rely on ETFs to continue building their wealth over time. Visit Personal Finance Insider for more stories. It can be hard…
Paul Constant is a writer at Civic Ventures and cohost of the “Pitchfork Economics” podcast with Nick Hanauer and David Goldstein. In the latest episode, they spoke with the Ben & Jerry’s cofounders about corporate activism. Greenfield says we need to “raise the bar” on what the threshold is to be an ethical business. See more stories…
India is battling an unprecedented COVID-19 surge that’s overwhelming hospitals and crematoriums. The WHO’s Europe head warned that this crisis could “happen anywhere.” Hans Kluge said easing restrictions on large gatherings could create a “perfect storm.” See more stories on Insider’s business page. The World Health Organization’s Europe leader warned that a coronavirus crisis similar…
Cybersecurity firm Darktrace hit an opening valuation of £1.7 billion ($2.37 billion) with its London IPO. The firm priced its shares at 250p and saw that soar as much as 38% in the opening hour Friday. It represents a stronger early performance by a tech company in London than Deliveroo’s IPO in March. See more…
Mannequins wrapped in red and white tape stand in front of the Brandenburger Gate in Berlin as part of an art installation. Michele Tantussi/Getty Images The Eurozone economy shrank in the first quarter, putting the bloc back into a recession. Rising coronavirus cases caused countries to reimpose lockdown measures, which hit growth. But the EU’s…
President Joe Biden gave his first address to a joint session of Congress on Wednesday. Biden called the Capitol riot an “existential crisis” for America that “desecrated our Democracy.” He also called for ambitious economic recovery plans on jobs, infrastructure, and childcare. See more stories on Insider’s business page. During his first address to a…
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