Stock futures climbed in overnight trading on Monday following a rebound on Wall Street as investors reassessed risks associated with the new omicron Covid variant. Futures on the Dow Jones Industrial Average gained 110 points. S&P 500 futures and Nasdaq 100 futures both rose 0.3%. The overnight action came after a broad-based comeback that saw the S&P 500 jump 1.3% …
HashiCorp employees at the start-up’s HashiConf conference in San Francisco in October 2018. HashiCorp Cloud software vendor HashiCorp updated its IPO prospectus on Monday, disclosing plans to sell shares at a price that would value the company at up to $13 billion. HashiCorp, which was last valued in the private market at $5.1 billion in 2020, is poised to capitalize on a …
Rochelle Walensky, director of the U.S. Centers for Disease Control and Prevention (CDC), speaks during a Senate Health, Education, Labor, and Pensions Committee hearing in Washington, D.C., on Thursday, Nov. 4, 2021. Al Drago | Bloomberg | Getty Images The Centers for Disease Control and Prevention on Monday strengthened its recommendation on Covid booster shots, telling all adults that they …
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch | Reuters Federal Reserve Chairman Jerome Powell believes that the omicron variant of Covid-19 and a recent uptick in coronavirus cases pose a threat to …
An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. Mike Segar | Reuters (This article was sent first to members of the CNBC Investing Club with Jim Cramer. To get the real-time updates in your inbox, subscribe here.) Shortly before the closing bell, we will be buying 50 …
An employee restocks clothes on display at the Lululemon Athletica sports apparel store on Regent Street in London. Simon Dawson | Bloomberg | Getty Images Lululemon has filed an anticipated patent lawsuit against Peloton, in a growing feud over sports bras and leggings designs. In a case filed Monday in the the Central District of California, Lululemon said it is …
Convenient shopping experiences and inventory strength proved to be key differentiators for companies over the holiday weekend, analysts said. Source link
In stepping down as Twitter CEO on Monday, Jack Dorsey is handing over the reins to a computer scientist with a PhD from Stanford who’s had a central role in developing the company’s artificial intelligence technology, all while staying largely out of public view. Parag Agrawal, who joined Twitter a decade ago and worked his way up to technology chief …
Chinnapong | iStock Editorial | Getty Images Cryptocurrency investors may face higher taxes as the infrastructure bill cracks down on future IRS reporting, financial experts say. The $1.2 trillion deal calls for mandatory yearly tax reporting from digital currency brokers starting in January 2023 to help pay for President Joe Biden’s domestic spending agenda. The measure may bring in nearly $28 billion over a …
An MTA worker is seen wearing a mask on the subway after The Port Authority of New York and New Jersey and the Metropolitan Transportation Authority (MTA) announced a mandatory coronavirus vaccination or weekly test mandate for employees in New York City, New York, August 2, 2021. Andrew Kelly | Reuters New York City on Monday issued an advisory strongly …
