Ford Motor Co. displays a new 2021 Ford F-150 pickup truck at the Rouge Complex in Dearborn, Michigan, September 17, 2020. Rebecca Cook | Reuters DETROIT – Two great-great grandchildren of Ford Motor founder Henry Ford have been nominated to the company’s board of directors, the automaker announced Friday. Alexandra Ford English, 33, is the
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Representation of the virtual currency Bitcoin is seen on a motherboard in this picture illustration taken April 24, 2020. Dado Ruvic | Reuters Bitcoin crossed a record high of $60,000 on Saturday morning, continuing its rally as major companies and financial institutions adopt cryptocurrencies. Bitcoin, the world’s biggest cryptocurrency, was at $60,415.34 as of 7:25
The buyer of the Beeple non-fungible token for $69 million is a crypto investor who goes by the pseudonym of Metakovan. Metakovan’s real identity is not known, but the investor is the co-founder of the NFT collection called Metapurse, which collects NFTs to display in the metaverse through virtual museums. Metakovan already owns the largest
The signage is seen at Alibaba Group headquarters during the company’s 11.11 Singles’ Day global shopping festival in Hangzhou, Zhejiang province, China, November 11, 2020. Aly Song | Reuters Here are the stocks making headlines in midday trading. Ulta Beauty — Shares of the cosmetics company fell more than 6% after reporting full-year same-store sales
Residents wait in line to be vaccinated at a mass COVID-19 vaccination center set up in a parking lot outside of the United Center, home to the Chicago Bulls and Blackhawks, on March 10, 2021 in Chicago, Illinois. Scott Olson | Getty Images The United States on Friday topped 100 million Covid-19 vaccine doses administered,
When Richard Jardine decided to start the digital time capsule company, Skypod, his purpose was clear. He wanted to ensure that anyone around the world could share messages, pictures, and videos with loved ones well into the future. As with any technology company, the hours were long and the challenge was significant. However, Jardine’s passion
Check out the companies making headlines before the bell: Ulta Beauty (ULTA) – Ulta Beauty announced that CEO Mary Dillon will step down in June to be replaced by company President David Kimbell. Dillon will move to the role of executive chairman. Separately, the cosmetics retailer beat estimates on the top and bottom lines for
If Hollywood were to address racial inequities in the film and TV industry, annual revenue could rise by 7%, or about $10 billlion, according to the findings of a new study from McKinsey. The consulting firm’s research found that Black-led stories are underfunded and undervalued. “A complex, interdependent value chain filled with dozens of hidden
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell on Thursday: Ulta Beauty – The beauty retailer’s stock dipped about 7% on the news that CEO Mary Dillon will be stepping down in June, with company
An employee hands a customer their order at the drive-thru window of a Wendy’s restaurant in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images As the U.S. approached another peak of the pandemic last fall, a truck driver at a top supplier for major national restaurant chains, including Panera Bread, Wendy’s and Arby’s, began
A Model Y vehicle displayed at a Tesla flagship store on Jan. 4, 2021 in Shanghai, China. Gao Yuwen | Visual China Group | Getty Images BEIJING — Tesla‘s Model Y is getting off to a solid start in China, less than three months since deliveries began. The mid-size SUV was the third best-selling electric
US President Joe Biden speaks on the production of the Covid-19 vaccine in the South Court Auditorium, next to the White House, in Washington, DC, on March 10, 2021. Mandel Ngan | AFP | Getty Images President Joe Biden said he will announce the “next phase” of the U.S. Covid-19 response during his primetime address
Robert Knopes/Education Images/Universal Images Group via Getty Images The $1.9 trillion American Rescue Plan is almost law — meaning additional unemployment benefits for millions of workers should soon be on the way. The Covid relief bill, passed Saturday by the Senate, extends jobless benefits through Labor Day and raises them by $300 a week. The
Elizabeth Olsen and Paul Bettany star as Wanda Maximoff and Vision in Marvel’s “WandaVision.” Disney Disney+ has topped 100 million global subscribers. On Tuesday Disney CEO Bob Chapek revealed the streaming service surpassed the benchmark in just 16 months since its launch. “The enormous success of Disney+, which has now surpassed 100 million subscribers, has
The Nasdaq rebound may last shorter than a New York minute. Wharton School finance professor Jeremy Siegel sees near-term trouble, saying the backdrop is dramatically supporting the reopening trade over Big Tech and growth plays. “I’ve been extremely bullish here for nine months,” he told CNBC’s “Trading Nation” on Tuesday. ”This stock market still has a
Avatar Source: Walt Disney Studios It seems “Avatar” will be heading back to Chinese theaters this weekend, according to a report from The Hollywood Reporter. Originally part of the rereleases preapproved by China’s Film Bureau in 2020, the 2009 sci-fi epic remained in Disney’s vault during the ongoing pandemic. While China has been able to
Economist Stephen Roach said Monday he believes Wall Street is overestimating a consumer comeback. According to the Yale University senior fellow, demand will snap back like a rubber band later this year as the V-shaped recovery loses momentum. “With vaccines rushing out together with a lot of stimulus, you can just sense this instant gratification of
Things are looking up for the domestic box office. In recent months, ticket sales have been accelerating, a sign that moviegoers are ready to return to theaters. Encouraged by the trend, some studios have moved up release dates. Over the weekend, ticket sales reached an estimated $25 million, which would be the best showing since