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GM cuts overtime shifts at two U.S. truck plants due to chip shortage

April 10, 2021

Line workers work on the chassis of full-size General Motors pickups at the Flint Assembly facility in Flint, Michigan on June 12, 2019.JEFF KOWALSKY / AFP / Getty ImagesGeneral Motors this weekend is cutting overtime production at two U.S. assembly plants that are making highly profitable full-size pickups due to the ongoing shortage of semiconductor chips affecting the global...

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Business

We Asked Congress’s Freshmen to Give Up Stock Trading. Few Were Willing.

April 10, 2021

Additional attention in this area is a mutually supportive term at a time when many things are lacking. In June representatives Chip Roy, Republican of Texas, and Abigail Spanberger, Democrat of Virginia, presented the so-called Trust Act.The bill would require their colleagues, spouses and dependent children to use a qualified blind trust, as do Mr Ossoff and Mr...

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Business

Alibaba Faces $2.8 Billion Fine From Chinese Regulators

April 10, 2021

China announced on Saturday that it had fined e-commerce titan Alibaba a record $ 2.8 billion for monopoly business practices. This was the government's toughest move to date in its campaign to tighten regulation of the country's internet giants.Beijing's market watchdog began investigating Alibaba for possible antitrust violations in December, including preventing vendors from selling their goods on...

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Business

Levi Strauss, FuboTV, Honeywell and more

April 10, 2021

A man wears clothing by Levis Strauss & Co. during the company's initial public offering on the New York Stock Exchange (NYSE) in New York, the United States, on Thursday, March 21, 2019.Jeenah Moon | Bloomberg | Getty ImagesCheck out the companies that are making headlines in mid-day trading.Levi Strauss - The retailer's shares rose 2.6% after...

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Business

Venture funding soars to record $64 billion in Q1, Ernst & Young says

April 9, 2021

After a boom year for the tech industry, investors poured money into grocery shipping companies, online brokers and Elon Musk's SpaceX in early 2021, creating a record quarter for US venture finance.Venture-backed firms raised $ 64 billion in the first three months of the year. This came out of an analysis by Ernst & Young this week that...

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Business

Without Parties, There’s No Place to Show Off That Expensive Watch

April 9, 2021

With so many people in the pandemic flooded with content pouring into their homes, brands are struggling to find a way to connect.This is especially true when marketing expensive luxury goods - the kind of items that people enjoy wearing and using. Last year the parties and the cultural and charitable events where the rich can see and...

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Business

How much does a central heat and air unit cost?

April 9, 2021

Heating and Cooling is probably not something you think much about… at least until it gets either too hot or too cold … or something breaks! When it does break, your first instinct is to call the local service company to come in and give you a new heating and cooling system.And that comes with a huge price tag....

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Business

Betting on Small Companies Yielded Big Returns

April 9, 2021

Small cap value stocks are some of the riskiest tariffs in the market.However, higher risk can lead to greater returns, and in the first quarter three of the better-performing mutual funds did. Each gained more than 20 percent by betting on the small-cap value.Value investors bet on stocks they believe will trade below their fundamental value. Often...

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Business

Biden’s China policy greater risk for U.S. financial firms than Trump

April 9, 2021

The Fearless Girl sculpture is seen outside the New York Stock Exchange (NYSE) during a snow storm in New York on February 1, 2021.Brendan McDermid | ReutersBEIJING - As US-China tensions continue to ease under a new administration, the risks for American investors with exposure to China will only increase, according to a report by Cowen."We believe President...

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Business

How much it costs to travel the world full time on a yacht

April 9, 2021

The Sueiros had it all - great careers, a community of friends and children enrolled in a top international school in Boston.Will was a chartered accountant and Jessica ran a graphic design business from home. Life was "comfortable, uneventful, and routine," said Jessica Sueiro."Life was good" for the Sueiro family before they traveled the world full time, but...

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