Like the broader stock markets, gig-economy companies staged a comeback of sorts to close out Monday’s volatile session, but not before DoorDash Inc. shares hit an all-time low and Airbnb Inc. flirted with its steepest drop on record. Major U.S. stock markets and indexes, which plunged in early trading due to a combination of factors …
Peloton Interactive Inc., which has seen its stock battered over the past year, is dealing with another potential PR disaster after a main character on Showtime’s “Billions” was shown suffering a heart attack while using a Peloton machine. The “Billions” scene comes on the heels of a fatal onscreen Peloton heart attack for a major …
Peloton takes another hit after another fictional heart attack, on ‘Billions’ this time Read More »
How big a toll has omicron had on the economy? Economists have been scratching their heads for weeks to estimate the damage the highly contagious COVID-19 variant is causing. The U.S. Census Bureau has some early answers. The U.S. Centers for Disease Control and Prevention reported that omicron was the most dominant COVID-19 strain in …
The owner of a Florida laboratory has pleaded guilty to a $7 million Medicare fraud scheme in which he paid kickbacks to brokers for telemedicine firms and doctors to prescribe expensive but unnecessary genetic testing along with low-cost COVID-19 tests for thousands of patients. Christopher Licata, 45, of Delray Beach, Florida, admitted that his lab, …
The world’s top ten billionaires increased their wealth by $1.3 billion a day, or $15,000 a second, during the global pandemic. That’s according to a new report from global charity Oxfam International released on Monday, that said those billionaires doubled their fortunes from $700 billion to $1.5 trillion. Over the same timeframe, the incomes of …
After decades in hibernation, inflation woke up in 2021 in a terrible rage. The consumer price index increased 7% in 2021, the fastest pace in 39 years. The inflation story is bound to be a big one in 2022, as well, as the Federal Reserve tightens monetary policy, stock markets SPX, +0.08% DJIA, -0.56% tremble …
Did anyone actually give a 50-year-old federal agency — the government’s Occupational Safety and Health Administration — the legal ability to create COVID-19 vaccination-or-testing rules that could affect 84 million private sector workers? The Supreme Court on Thursday issued a ruling that stopped the Biden administration from enforcing a requirement that employees at large businesses …
My father married a wonderful lady about three years ago; both were widowed and in their 70s and 80s. The woman was well off — not rich, but having several rental properties, investments and cash on hand. My father was comfortable and had no financial concerns, and was able to afford vacations and other things …
“I think we’re all going to get it. It’s just a matter of time.” How many times have you heard a friend or family member say that in the last few weeks? The Centers for Disease Control and Prevention has relaxed its isolation guidelines. Is it any wonder that some people appear to be letting …
Wait, what? At the end of the day, people are sick of hearing someone say “no worries” after telling a colleague “you’re on mute” during a Zoom call. That being said, folks are also way past promising to “circle back” after taking a “deep dive” into that latest report about … groan … supply chain …
