As the Great Resignation continues and US employers worry about their talent pool, one of the oldest tools for retaining workers is coming in handy: health insurance benefits. According to a survey of 1,400 adults conducted by YouGov for Policygenius, an online insurance marketplace, 33% of workers (both part- and full-time) who get health insurance […]
Read MoreLet’s talk about electric cars. It’s an opportune time, as the auto industry is shifting to electrification. While the base technology is hardly new, a combination of factors has recently pushed it back into the limelight. Improvements in battery technology, along with advances in plastics, carbon fiber, and metallurgy, now make possible the production of […]
Read More(Bloomberg) — Who will survive in China’s property sector is becoming a key question for investors as the country’s credit market undergoes its biggest shakeout in years. A surge in Chinese junk dollar bond yields in October, briefly reaching 20%, has made it all but impossible for stressed developers to refinance their maturing debt. Such […]
Read MoreWith no fourth stimulus check, these COVID programs still offer billions in aid Federal policymakers, focused on negotiating President Joe Biden’s budget, show no signs of providing more broad stimulus payments. But many Americans who lost income in the pandemic are still looking for help, battered by rising prices for much of what they buy. […]
Read MoreWhen insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend […]
Read MoreFor most of the past two years, stocks in the Health Care sector have drawn a lot of attention from investors and analysts. That includes stocks in the Pharmacy/Drugstore industry; these were names, like Walgreens Boots Alliance (WBA) and CVS Corporation (CVS) that worked actively in the early stages of the crisis as a critical […]
Read MoreElectric vehicle startup Rivian hopes to raise up $8.4 billion in its initial public offering, according to a regulatory filing posted Monday. The company, which is backed by Amazon, said in the filing that it plans to offer 135 million shares at a price between $57 and $62. Underwriters also have an option to buy […]
Read More(Bloomberg) — Johnson & Johnson, Teva Pharmaceutical Industries Ltd. and other former opioid makers scored the pharmaceutical industry’s first win in the sprawling four-year litigation over the drugs, defeating a lawsuit by local governments in California that claimed they created a public-health crisis through misleading marketing. Superior Court Judge Peter Wilson in Santa Ana on […]
Read MoreRivian Automotive, founded by Robert “R.J.” Scaringe, is coming up fast in the rearview mirror of high-profile electric carmaker Tesla Inc. (TSLA). Largely unknown outside of automotive circles, the privately-held maker of premium electric sport utility vehicles (SUVs) and pickup trucks has yet to sell a vehicle. The company confidentially filed for an initial public […]
Read More(Bloomberg) — Tesla Inc. is poised to give back some of its more than $300 billion gain since Hertz Global Holdings Inc. announced a massive order for its electric vehicles, after Elon Musk cast doubt on the deal and downplayed its potential. The Model 3 maker hasn’t signed a contract yet with Hertz, the chief […]
Read More(Bloomberg) — China’s transformation from a financial-technology backwater into a $46 trillion-a-year global leader in digital payments left most international investors watching in awe from the sidelines. Now India is undergoing its own fintech revolution, and the race is on to grab a piece of the action. As online payments and digital loans in the […]
Read MoreEverythingpossible/Dreamstime Sometimes it’s better to get taxes out of the way earlier when using a 401(k) to save for retirement. Financial planner David Born of Orinda, Calif., advises a couple in the top tax bracket who contribute to Roth 401(k)s rather than traditional 401(k)s, even though it means they pay more in taxes now. The […]
Read More(Bloomberg) — Tesla Inc.’s latest rally has blasted co-founder Elon Musk’s wealth past a new milestone: It now eclipses famed investor Warren Buffett’s fortune by a factor of three. Musk’s net worth rose by $24 billion to $335.1 billion Monday as the electric automaker’s shares jumped 8.5% in New York. That widened his lead over […]
Read MoreMasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Electrical Transmission, and Other. MTZ $91.0000 1.8700 % 2.1000 Mastec Inc Sector : Construction […]
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