Updated at 9:14 am EST The Federal Reserve’s preferred measure of U.S. inflation eased further from multi-decade highs last month, data indicated Friday, adding to investors hopes that consumer price pressures have peaked in the world’s biggest economy. The April core PCE Price Index rose 4.9% from last year, easing from the highest levels since 1983,…
It’s been a slow comeback for the Magic Kingdom. After covid-19 hit in March 2020, the park understandably shut down for the rest of the year. Once vaccines became available, it reopened in the summer of 2021, but not all the way. Many of Disney’s (DIS) – Get Walt Disney Company Report more interactive events were…
Elon Musk and Tesla (TSLA) – Get Tesla Inc Report completely changed the automotive industry. Five years ago, legacy vehicle manufacturers were still skeptical about the turn to electrification. They were hesitant to make big investments, appearing to scoff at the bet made by Musk and Tesla that cleaner vehicles would attract consumers despite their high cost. …
Back in 2015 when Amazon (AMZN) – Get Amazon.com, Inc. Report launched a cool little event called Prime Day in hopes of dethroning the power of Black Friday, quite a few of us showed up to buy heavily discounted goodies (including a mind-boggling 24,000 Instant Pots). Now, it’s seven years later, and Amazon Prime Day is…
Apple (AAPL) – Get Apple Inc. Report who? The maker of the iPhone, a safe bet for many experts, seems to be living a nightmare like many tech companies. The Cupertino, Calif.-based firm must have the feeling that this horror dream is endless. For now, the consequences are immense. The stock has lost 20% to $142.77…
The cruise industry got hit by a perfect storm when the covid pandemic hit. For an industry vulnerable to storms in general, it was a terrible combination of events that left the industry shuttered, while hotels, theme parks, arenas, and other venues all remained closed for much less time. That’s because the United States government…
Elon Musk wants his rivals, and maybe his critics, to know that he has a powerful legal team at his disposal. The charismatic, enigmatic visionary who is currently in the midst of purchasing the Twitter (TWTR) – Get Twitter, Inc. Report, has taken to that social-media platform to lay out his legal-team plans. The move…
Perhaps Bianca, commenting on Twitter, summed it up best. “Gas prices are doing what I wish crypto was doing -.- going up!” she lamented. ‘The Seas of Fate’Yes, it has been a rough time for cryptocurrencies. Once considered a safe haven from the stock market, crypto and Wall Street now move in the same direction and…
The 41% drop by Tesla (TSLA) – Get Tesla Inc Report shares since April 4 has put a sizable dent in the wealth of Elon Musk, chief executive of the electric-vehicle titan. It also has hit holders of Cathie Wood’s flagship fund, Ark Innovation ETF (ARKK) – Get ARK Innovation ETF Report. Wood is the hotshot…
Updated at 11:08 am EST Tesla (TSLA) – Get Tesla Inc Report shares slumped to a fresh 2022 low Friday as CEO Elon Musk promised that the clean-energy carmaker’s fortunes were on his mind ’24/7′ as lurid headlines continue to dog the world’s richest man. Musk said he was only spending around 5% of his time…
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