So many people you know are quick to tell you that they can’t function without their morning coffee. And thanks to that state of mind, Starbucks (SBUX) raked in $29.06 billion of revenue in 2021, and the business just keeps on growing. Founded in the early ’70s in Seattle, the brand took off on a meteoric…
Unlike smaller peers, the titans of the pharma industry don’t always get a share-price boost after earning an FDA approval. Bristol Myers Squibb (BMY) certainly did. The $150 billion drug developer enjoyed a 6% pop after announcing FDA approval for one of its closely-watched assets. Deucravacitinib, now branded as Sotyktu, snagged the regulatory go-ahead to…
Elon Musk is ubiquitous on social media. He built his brand there and above all he built a large part of his influence there. He even made an offer of $44 billion to acquire Twitter (TWTR) , a platform where trendsetters and opinion makers meet. The richest man in the world has managed through social…
U.S. equity futures traded firmly higher Friday, while the dollar retreated and Treasury bond yields held steady, as investors drew comfort from both the certainty of Fed rate hikes and the prospects of a soft landing for the world’s biggest economy. Federal Reserve Chairman Jerome Powell’s forty minute discussion with Cato Institute president Peter Goettler…
A typical internal combustion engine has around 200 parts that need to be maintained and possibly replaced if they wear out. An electric vehicle takes that number down to around 20. Add to that the fact EVs do not directly emit carbon emissions and generally respond faster and better than traditional gas-powered vehicles, and California’s…
Digital World Acquisition (DWAC) , the blank check company attempting to merge with former President Donald Trump’s fledgling media group, failed to find enough shareholder support late yesterday for a one-year extension on its merger plans. The group instead arranged a three-month extension, which lasts until December 10, while postponing a vote deadline on the…
A beleaguered cryptocurrency exchange is facing more turmoil in the wake of a plunge in currency valuations. Coinbase (COIN) shares have fallen by 75% amid weak earnings and lower trading volume this year. The company’s shares are extremely volatile as its attempts to regain a foothold in the crypto industry remain murky. Shares closed negative 13…
Elon Musk has, for years, been making big promises about the future of electric vehicles and Tesla (TSLA) in particular, saying last spring that the carmaker would sell as many as 20 million cars per year. Musk is known for not always following through on big promises, especially when it comes to specific days and…
Record-breaking heat waves this holiday weekend are making dog owners even more cautious when traveling with their canine friends in the car. Everyone should know you can’t keep your dog locked in a car even on a mild sunny day, but a hot summer day would be even worse. And don’t even think about keeping…
It’s the final that car and tech fans crave: Tesla (TSLA) vs. Apple (AAPL) ; Elon Musk versus Tim Cook. It would be a match of titans, pitting two of the biggest innovative companies of recent years against each other. It will be difficult to determine the winner. How do you bet against Musk, who…
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