d3sign Robots want to be your next financial advisor. Not too long ago, that notion may have smacked of sci-fi whimsy — “Star Wars” cyborg C-3PO in a power suit on Wall Street, perhaps. But robots, or so-called “robo-advisors,” may soon manage more than $1 trillion of Americans’ wealth. These aren’t actually tangible robots; they’re
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In this article FB Jabari Young wearing the Oculus Quest 2 device. Source: Jabari Young Boston Celtics head coach Ime Udoka popped up from the team bench, and before I knew it, he was blocking my view. Indiana Pacers coach Rick Carlisle was close enough for me to see his Cole Haan shoes, and I
Sarah Bloom Raskin Andrew Harrer | Bloomberg | Getty Images In what likely will be just a few months’ time, the Federal Reserve will look a lot different: Three new governors, a new vice chairman, a new banking chief and likely a couple new regional presidents. But while the parts of the institution’s upper echelon
In this article TSLA LAC-CA PLL The United States has a lithium supply problem. Nearly every major automaker has announced a transition to electric vehicles, Tesla delivered almost one million cars in 2021, and a handful of new electric vehicle companies like Rivian and Lucid are rolling new models off the line. In order to
In this article C JPM JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters Banks have been one of the main beneficiaries of high inflation recently because their profit margins tend to expand when higher prices force central banks
A sign indicating canceled performances of “Mrs. Doubtfire” due to Covid is displayed in the window of the Stephen Sondheim Theatre on December 16, 2021 in New York City. Dia Dipasupil | Getty Images After over a year of industry-wide closures, Broadway theaters finally reopened in September, but 2021 did not end the way theater
In this article LVS C JPM DPZ SHW Spencer Platt | Getty Images Check out the companies making headlines in midday trading. Casino stocks — Las Vegas Sands and Wynn Resorts saw their shares jump more than 11% and 7%, respectively, after the Macau government said the number of casinos allowed to operate there would
A Neta (Nezha) V electric car is on display at the Hozon Auto stand during an auto show in Tianjin, China, on Oct. 4, 2021. VCG | Visual China Group | Getty Images BEIJING — Tesla and BYD remained by far the market leaders in China’s electric car market in 2021, while new competitors emerged
Sarah Bloom Raskin, in her role as Deputy Treasury Secretary at the Treasury Department in Washington, October 2, 2014. Yuri Gripas | Reuters President Joe Biden will nominate Sarah Bloom Raskin to be the Federal Reserve’s next vice chair for supervision, arguably the nation’s most powerful banking regulator, according to people familiar with the matter.
In this article DAL KBH F Newly manufactured Ford Motor Co. 2021 F-150 pick-up trucks are seen waiting for missing parts in Dearborn, Michigan, March 29, 2021. Rebecca Cook | Reuters Check out the companies making headlines in midday trading. Ford — Shares jumped about 4% as the automaker’s market cap topped $100 billion for
Traders work on the floor of the New York Stock Exchange (NYSE) on January 07, 2022 in New York City. Spencer Platt | Getty Images U.S. stock futures were steady in overnight trading on Wednesday after the Nasdaq Composite rose for the third session despite a red-hot consumer price index report. Dow futures rose just
ChargePoint: “ChargePoint is part of a very challenged group. I’ve done a lot of soul searching and, of course, a lot of research on this group. There are too many players, and there has not been enough consolidation, so I’m going to say avoid it.” Prothena: “I like it. I mean, I think they have
In this article HOOD Baiju Bhatt and Vlad Tenev attend Robinhood Markets IPO Listing Day on July 29, 2021 in New York City. Cindy Ord | Getty Images Stock trading app Robinhood said Wednesday will let most of its 3,400 person workforce work remotely on a permanent basis. The newly public brokerage is headquartered in
People walk in Regent Street, in London. SOPA Images | LightRocket | Getty Images LONDON — There are growing calls in Europe for Covid-19 to be treated as an endemic illness like the flu despite strong warnings from global health officials that the pandemic is far from over. Spain’s Prime Minister Pedro Sánchez is the
Stock futures held steady in overnight trading Tuesday after a rally on Wall Street as investors bought the dip following a five-day sell-off in the S&P 500. Futures on the Dow Jones Industrial Average were little changed. S&P 500 futures and Nasdaq 100 futures were also flat. The overnight session followed a rebound in the
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, shows a screen grab of a campaign website while answering questions from Senator Rand Paul (R-KY) during a Senate Health, Education, Labor, and Pensions Committee hearing to examine the federal response to the coronavirus disease (COVID-19) and new emerging variants at Capitol
An elderly couple walk past a sign in front of Shimao Tower, developed by Shimao Group Holdings Ltd., in Shanghai, China, on Saturday, Jan. 8, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese real estate developer Shimao Group Holdings pushed back Tuesday on reports of default and sales of prime property. Shimao
Veru: “Veru is in [Phase 3] for a very important breast cancer indication. They just got fast-track designation by the FDA this morning. It’s at $5. It made no sense that the stock didn’t go up to me. I thought it should’ve been up on the news.” Nio: “Nope. Not recommending that. Not recommending any