finance

Russia will likely be shut out permanently from global energy markets, top oil execs say

Russia is Europe's largest oil supplier.Getty Images
Top executives at Chevron and Woodside Petroleum predicted Russia would be cut off from global energy markets.
Once the EU stops Russian supplies, Moscow is unlikely to be able to participate, they said.
"The move was not an energy move, it was...

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Burger King Menu Delivers a Brand New Whopper

Burger King has never been so proud of their most famous sandwich. The company has offered seemingly endless variations of the Whopper, ranging from the really ridiculous ideas to more practical ones like the recent Whopper Melts. The Restaurant Brands International chain uses their signature san...

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Elon Musk says $44 billion Twitter deal can't proceed until CEO proves the platform has fewer than 5% fake accounts

Elon Musk. Patrick Pleul/AP
Elon Musk said his Twitter buyout could not proceed without evidence the platform had less than 5% fake accounts.
"My offer was based on Twitter's SEC filings being accurate," Musk tweeted Tuesday.
Analysts have suggested Musk is trying to lower the price of his $44 bi...

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‘It’s so horrible that I want to buy it’ — Jim Cramer likes these 2 beaten-down tech names that are still posting white-hot revenue growth

"It's so awful I want to buy it" - Jim Cramer likes these 2 seedy tech names that are still posting white-hot sales growth
The market seems unable to find a bottom.
The S&P 500 is down about 16% year-to-date, while the tech-heavy Nasdaq is down 26% over the same period.
But CNBC's Jim Cramer sees...

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Swiss Investment Firm Acquires 3,500+ U.S. Single-Family Homes For $1 Billion

Switzerland-based private equity firm Partners Group announced yesterday that it has acquired a $1 billion portfolio of single-family rental homes in 17 states in the Sunbelt region.
The portfolio includes 2,528 newly built single-family homes and over 1,000 apartments currently under constructio...

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‘Celebrating that your job gets to live in your house rent-free’: Remote work has fueled U.S. house prices during the pandemic — so what happens when people return to the office?

"Our results also imply that the future development of housing costs could depend crucially on the development of remote work," two economists write in a new paper.

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USPS To Hike Stamp Prices in July — Here’s What You’ll Pay

The price of a U.S. First-Class Mail postage is on the rise again and the United States Postal Service (USPS) is pointing to further price increases.
Discover: 10 Costco products with the best bargains in May
More: 9 Bills You Should Never Put on Autopay
The USPS recently filed a notice with the ...

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SpaceX Employees Offer to Sell Shares at $125 Billion Valuation

(Bloomberg) -- SpaceX employees are offering to sell shares via a private placement that would value Elon Musk's launch and satellite company at around $125 billion, according to people familiar with the matter.
Most read by Bloomberg
Meet the hedge fund manager who warned about the $60 billion T...

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Stimulus Update: Nearly a Dozen States Are Preparing to Send More Money to Residents

Frustrated by inflation and high gas prices? If you live in one of these states, you could have more stimulus money coming your way in 2022.

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Free rapid at-home COVID tests: You can order a third round from the federal government — here’s how

Americans can order 8 more COVID-19 test kits from the USPS, which ship for free and come in two separate packages.

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Maye Musk Breaks Barriers as SI Swimsuit Cover Model at 74

Maye Musk, who's been breaking modeling age barriers for years, has just broken another one: at 74, she's the cover model for Sports Illustrated's swimsuit issue.

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Ukraine officials declare mission complete, start evacuating troops from Mariupol steel mill

The regiment, which was staunchly defending a steel mill as Ukraine's last stronghold in the port city of Mariupol, ended its mission on Monday after more than 260 fighters, including some seriously wounded, were evacuated and taken to areas under Russian control, Ukrainian officials said.

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Carvana, the 'Amazon of Car Dealers', Is in Deep Trouble

Speaking to analysts during Carvana's earnings call last month, Ernie Garcia said the company's chief executive officer said the used-car dealership's first quarter was "challenging." "Some quarters are bumpier than others," Garcia said, according to a transcript of the call. The company had just...

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Elon Musk says we can't let humankind end in 'adult diapers' and that the environment would be fine if we doubled our population

Elon Musk.Christophe Gateau/Picture Alliance via Getty Image
Elon Musk once again made the case for higher birth rates, saying otherwise we'd all "end up in adult diapers."
He claimed without evidence that the environment could support this "even if we doubled the size of the world's population"....

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Elon Musk says the US is probably in a recession that could last up to 18 months but added that 'recessions are not necessarily a bad thing'

Elon Musk on March 9. Photo by Yasin Ozturk/Anadolu Agency via Getty Images
Elon Musk said he believes the US is likely to be in a recession that could last up to 18 months.
The billionaire slammed the Biden administration for "printing a million dollars more than it has."
Musk made the comments ...

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Netflix Makes a Bold Move Against Cancel Culture and Wokism

Netflix is ​​busy. Netflix stock is down 69% since January to $187.64. For the first time, Netflix will be considering a lower-priced version of the service that would show ads during programming.

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A major real estate company is adding a wildfire risk to all listings and says 30 million households could be at risk of over the next few decades

Potential home buyers have been able to assess the risk of flooding for potential homes for years. But that's not true of other types of natural disasters — particularly wildfires.
And as wildfires become an increasing threat to homes due to climate change, a real estate company is making it easi...

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Rain brings relief to crews battling New Mexico’s largest-ever wildfire

Lightning sparked a couple of new small fires in the drought-stricken Southwest on Monday, but the thunderstorms brought welcome rain to the monster fire that has been raging in New Mexico for a month and is now the largest in the state's recorded history.

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Warren Buffett dumps last of Berkshire Hathaway’s Wells Fargo stake, marking end of an era

The loss of the famous investor as a major shareholder could take away some of the glamor and prestige Wells Fargo once enjoyed.

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‘Boeing management is running around like headless chickens,’ Ryanair CEO says

Michael O'Leary, chief executive officer of Ryanair Holdings Inc., lashed out at Boeing Co. during a conference call Monday, criticizing the planemaker's "very poor management" and calling for a restructuring at the top.

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War in Ukraine: Mariupol defenders declare mission complete, evacuate steel mill

The regiment, which was staunchly defending a steel mill as Ukraine's last stronghold in the port city of Mariupol, declared its mission over on Monday after more than 260 fighters, including some seriously wounded, were evacuated and taken to areas under Russian control.

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Hundreds of Ukrainian fighters, including wounded, evacuated from Mariupol steel mill

More than 260 Ukrainian militants, including some seriously wounded, were evacuated from a steel plant in the devastated city of Mariupol on Monday and taken to areas under Russian control, the Ukrainian military said.

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Intel shareholders reject compensation packages for top executives

(Reuters) - Intel Corp shareholders rejected compensation packages for top executives, including a payout of up to $178.6 million to Chief Executive Officer Pat Gelsinger, a regulatory filing filed on Monday showed.
About 1.78 billion votes were cast against executive pay at the annual meeting, I...

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Putin says Sweden and Finland joining NATO and breaking with decades of neutrality is fine after all. ‘No problems’

Russian President Vladimir Putin once said that any accession of more countries on Russia's doorstep to the North Atlantic Treaty Organization (NATO) posed a threat to Russia and would provoke "military and political consequences".
In fact, Putin warned last year that NATO expanding its military ...

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Universal Studios Florida Closes Popular Theme Park Attraction

For example an annual Halloween Horror Nights show based on the Bill and Ted franchise, because does anyone under 40 know who these characters are or remember their great adventures? Monsters are kind of part of Universal's past.

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Big-Money Investors Who Boosted Bitcoin’s Price Might Now Crash It

Don't miss CoinDesk's Consensus 2022, the must-attend crypto and blockchain festival experience of the year, June 9-12 in Austin, TX.
A key narrative in the crypto world in 2021 was the arrival of institutional investors into the space. Tesla (TSLA) bought $1.5 billion worth of bitcoin (BTC), and...

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Tiger Global raised stakes in some tech names battered by year's rout -filing

By Svea Herbst-Bayliss
BOSTON (Reuters) - Investment firm Tiger Global, which lost billions of dollars in this year's tech stock meltdown, increased its stakes in several companies hit particularly hard by the sell-off in the first quarter, a regulatory filing shows.
Tiger Global increased its st...

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Buffalo Shooting Is Being Investigated as Possible Hate Crime

Family members of Buffalo shooting victim Ruth Whitfield on Monday called for changes in the law "to allow this type of hate to be committed." Payton Gendron, the 18-year-old white man suspected of killing 10 people in an alleged hate crime at a convenience store in Buffalo, New York on Saturday,...

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Getting sick from Omicron protects you against a wide range of variants better than a booster, studies find

As omicron subvariants are causing COVID cases to skyrocket nationwide, two new studies offer some comfort to vaccinated individuals suffering from breakthrough infections. The infection leaves you with protections that may be more effective than those offered by a second booster shot.
One study ...

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See how Disney’s Lake Nona relocation has affected Orlando business so far, and what's ahead

California-based The Walt Disney Co. (NYSE: DIS) has had a strong presence in Florida since the 1960s when the early stages of Walt Disney World were under development. According to information shared in job postings, the company should move to Lake Nona by the end of 2024. The Walt Disney Co. ha...

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