Month: January 2021

West Virginia Gov. Jim Justice lauded his state’s coronavirus vaccine distribution success, and claimed that if the Mountain State had the “doses by Valentine’s Day, every person in this state, 65 years of age and older, would be vaccinated.”  West Virginia has spent the past three weeks as either the number one or number two
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Tesla reported earnings after the bell and it’s a miss on earnings, but another profitable quarter for Elon Musk’s electric vehicle and solar business. Shares were down about 3% after hours. Here are the results, versus what analysts were expecting according to estimates compiled by Refinitiv: Earnings: 80 cents adj. vs $1.03 per share expected Revenue: $10.74
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Institutional Investor Hall of Famer Richard Bernstein warns retail investors will pay a big price for getting caught up in speculative trades. Bernstein, who has spent decades on Wall Street, cites the democratization of the market as a critical contributor to the excessive euphoria. He worries naiveté will ultimately put amateurs in difficult positions. “Bubbles show
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Signage stands in a GameStop Corp. store in Peru, Illinois. Daniel Acker | Bloomberg | Getty Images It’s the stock rally no one quite predicted. In recent years, GameStop, a video game retailer, has been shrinking its retail presence by closing hundreds of stores. Yet this week, its stock popped dramatically. On Wednesday, GameStop shares
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Pedestrians wearing protective masks carry shopping bags in San Francisco, California, on Wednesday, Dec. 23, 2020. David Paul Morris | Bloomberg | Getty Images As millions of Americans wait their turn to receive the Covid-19 vaccine, many say they won’t be rushing back to retailers’ stores to shop for clothes and shoes after the immunization,
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Bill Gates was “very surprised” when he and Dr. Anthony Fauci became the targets of “crazy” and “evil” conspiracy theories related to the ongoing coronavirus pandemic, Gates told Reuters on Wednesday. The billionaire Microsoft co-founder and White House advisor Fauci, the nation’s top infectious diseases expert, have been frequent targets for baseless coronavirus conspiracy theories,
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Billionaire tech investor Chamath Palihapitiya told CNBC Wednesday that he closed out his position in GameStop, one day after joining the trading frenzy around the videogame retailer. He also defended the power of individual investors to compete with Wall Street hedge funds. The CEO of Social Capital and former Facebook executive tweeted Tuesday that he
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Thomas Barwick Women were already less prepared for retirement than men. Then the pandemic hit. The gender gap in retirement savings has long been an issue even among those with adequate investment accounts, and the coronavirus pandemic has made the disparity even worse, according to a survey released Monday from the Nationwide Retirement Institute. Nearly
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