Fossil fuels power the Texas economy, accounting for about 14% of the state’s gross product between 2019 and 2020. Today, Texas is the first state in the nation to pass anti-fossil fuel divestment laws. For years, fossil fuel-producing states have seen investors turn away from the companies that are causing the climate crisis. Last year,…
Placeholder while loading article actions Finally, good news for parents of young children. Moderna announced Thursday that it has sought Food and Drug Administration clearance for its coronavirus vaccine for children 6 months to 5 years old. He cites new data that his vaccine is safe and effective for the age group. Specifically, Moderna reports…
What motivates Elon Musk? Musk, the world’s richest man, has long been an object of fascination as the founder of electric car company Tesla and rocket maker SpaceX. But in recent weeks, as he flirted with buying Twitter and then offering around $44 billion for the covered media platform, all undercover, curiosity about what affected…
Pavlo Gonchar | light flare | Getty Images Find out which companies are making headlines in the midday business. Meta Platforms – Shares of the company formerly known as Facebook jumped 17% after posting mixed first-quarter results. The company posted a beating in profits, but a disappointing shortfall. It also saw the number of daily…
Ford Motor Company World Headquarters, Dearborn, Michigan, January 19, 2021. Aaron J. Thornton | Getty Images After several setbacks and delays due to the Covid-19 pandemic, Ford Motor Co. finally began to welcome its employees back to its offices earlier this month. This was also accompanied by a significant shift in the company’s workplace policy…
Elon Musk said he “buys Coca-Cola to put the cocaine back in” as he jokes about what he plans to do after his $44 billion acquisition of Twitter. During a Wednesday night chat session with his 87 million Twitter followers, Musk then reposted a meme suggesting he should buy McDonald’s in order to fix the…
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Nasdaq futures soar as stocks look to get back on track The Nasdaq MarketSite in New York. Michael Nagle | Bloomberg | Getty Images Nasdaq futures rebounded nearly 2% on Thursday, boosted by a 14% rise in…
Bill Hwang secured billions of dollars in funding from major Wall Street banks with lies ranging from assurances he could quickly exit positions to claims he held large, easily tradeable stocks like Apple and Google , according to US authorities. The banks apparently took Hwang’s words at face value when they entered into leveraged derivatives…
Perhaps no group of people are more alarmed by Elon Musk’s apparent plan to make Twitter free speech for all. That those most likely to be targeted for harassment: women, racial minorities and other marginalized groups. They fear that a more passive approach Watching the platform will encourage providers of hate speech, bullying and misinformation…
carvana Co. CVNA -1.95% Financial problems spread to debt markets this week when the online used-car dealership struggled to sell bonds and was forced to turn to Apollo Global Management Inc. APO 2.67% for $1.6 billion to salvage the case. The giant investment firm has agreed to buy about half of the $3.275 billion in…
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