Melvin Capital to shut down one year after GameStop short-squeeze caused billions in losses for the hedge fund

11 minutes ago   |  

Alex Flynn/Getty Images/Bloomberg Gabe Plotkin's Melvin Capital is shutting down and returning money to its investors after a poor showing of performance. Melvin Capital lost...
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Mohamed El-Erian says the stock sell-off is in a new phase, as investors add earnings and growth fears to Fed worries

11 minutes ago   |  

Mohamed El-Erian, Chief Economic Advisor of Allianz Lucy Nicholson/Reuters Mohamed El-Erian said the plummet in US stocks Wednesday marks a new phase in this year's brutal...
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In Sichuan, quarantine sites near completion

In Sichuan, quarantine sites near completion

11 minutes ago   |  

In response to the severe epidemic situation in one of its counties, Guang'an, Sichuan province, plans to finish building new quarantine sites with 20,000 beds this week. Each...
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Beijing reports 50 confirmed, 5 asymptomatic local COVID-19 cases

Beijing reports 50 confirmed, 5 asymptomatic local COVID-19 cases

11 minutes ago   |     |   2 articles

Beijing reported 50 new confirmed locally transmitted COVID-19 cases and five local asymptomatic cases on Wednesday, the Beijing municipal health commission said Thursday. Four...
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Shanghai to reopen subways in easing of COVID lockdown

Shanghai to reopen subways in easing of COVID lockdown

11 minutes ago   |  

The locked-down Chinese metropolis of Shanghai will reopen four of its 20 subway lines Sunday as it slowly eases pandemic restrictions that have kept most residents in their...
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Shanghai reports 82 confirmed, 637 asymptomatic local COVID-19 cases

Shanghai reports 82 confirmed, 637 asymptomatic local COVID-19 cases

11 minutes ago   |     |   2 articles

China's Shanghai reported 82 confirmed locally transmitted COVID-19 cases and 637 local asymptomatic cases on Wednesday, the municipal health commission said Thursday.
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China relaxes some COVID test rules for U.S., other travelers

China relaxes some COVID test rules for U.S., other travelers

11 minutes ago   |  

China has removed some COVID-19 test requirements for people flying in from countries such as the United States and shortened the pre-departure quarantine for some inbound...
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Canoo CEO: Reports of Our Death Are Greatly Exaggerated

Canoo CEO: Reports of Our Death Are Greatly Exaggerated

15 minutes ago   |  

Last week, Canoo released a scary first-quarter earnings report saying that “there is substantial doubt about the Company's ability to continue as a going concern.” That had me...
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26 billionaires, including Elon Musk and Jeff Bezos, paid just a fraction of the taxes the average American owes

23 minutes ago   |     |   3 articles

Blue Origin CEO Jeff Bezos and SpaceX CEO Elon Musk. Joe Raedle/Getty Images/Axel Springer A new analysis from Americans for Tax Fairness finds several billionaires paid below...
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Subprime Car Loan Defaults Hit an All-Time High in February

Subprime Car Loan Defaults Hit an All-Time High in February

33 minutes ago   |  

The good times of easy credit seem to be coming to a close as subprime borrowers are increasingly falling behind on payments. That scary trend is happening on debts ranging...
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Interesting Facts About Dubai Miracle Garden

Dubai Miracle Garden - The World's biggest flower Garden located in Dubai. Plan your trip to Dubai & visit this garden. Before visiting go through these interesting facts... Read more ...

Interesting Facts About Dubai Miracle Garden

Dubai Miracle Garden - The World's biggest flower Garden located in Dubai. Plan your trip to Dubai & visit this garden. Before visiting go through these interesting facts... Read more ...

Experience the magical ambience of the fall season by visiting the best...

Autumn is one of the fascinating seasons for a holiday in Italy. This beautiful season comes with a round of fresh wine, delightful delicacies, and vibrant colors that will... Read more ...

"It's Like Survivor." How Stefan Wilson Got a Last-Minute Seat at the 2022...

"It's Like Survivor." How Stefan Wilson Got a Last-Minute Seat at the 2022 Indianapolis 500

This weekend, 33 drivers will take to the track at Indianapolis Motor Speedway in an effort to qualify for the 2022 Indy 500 - but just two weeks ago, no one was sure the race... Read more ...

Ford tells owners of 39,000 SUVs to park outside after 16 vehicles caught fire

The 2021 Ford Expedition. Ford Ford advised owners of 2021 Lincoln Navigators and Ford Expeditions to park outside. Ford knows of 16 fires that sparked while vehicles were... Read more ...

InterContinental Hotels & Resorts Unveils limited-Edition Suites in...

InterContinental Hotels & Resorts Unveils limited-Edition Suites in Collaboration with Leading Artist Claire Luxton

InterContinental Hotels & Resorts, part of IHG Hotels & Resorts Luxury and Lifestyle Collection, has collaborated with acclaimed British artist Claire Luxton to unveil a series... Read more ...

Tesla stock bull slashes price target on China headwinds and warns Musk's...

A Tesla Model X. REUTERS/Francois Lenoir/File Photo Wedbush's Dan Ives cut his price target on Tesla to $1,000 from $1,400 as China's COVID lockdowns slow car production. The... Read more ...

Mr Porter Launches New Mental Health Collection

Mr Porter Launches New Mental Health Collection

Firmly putting its activism where its sewing machines are, Mr Porter has launched Tee Store x Mr Porter Health in Mind, a capsule collection composed of just 104 exclusive... Read more ...

Tswalu Introduces Rhino Conservation Experience

Tswalu Introduces Rhino Conservation Experience

If you're hoping to give back on your next trip away, you'll be hard-pressed to find a more exciting, immersive experience than Tswalu's brand-new Rhino conservation offering... Read more ...

Star Alliance Celebrates 25th Anniversary as the World's First and Leading...

Star Alliance Celebrates 25th Anniversary as the World's First and Leading Airline Alliance

Star Alliance and its 26-member carriers will celebrate the 25th anniversary of the world's first and leading global airline alliance on Saturday, May 14, 2022. This bold... Read more ...

What Classic Car Design Feature Do You Want to See Come Back?

What Classic Car Design Feature Do You Want to See Come Back?

For the most part, car design is an evolutionary process. Every year, little tweaks and changes come to just about every car. Design trends come and go like middle school... Read more ...

Here's what Walmart and Target are saying about soaring food, gas, and labor...

Both Walmart and Target saw fuel prices rise by more than $100 million above forecasts, while labor costs continue to rise. AP Walmart and Target both delivered earnings this... Read more ...

Walmart, McDonald's, Amazon should 'say goodbye to attracting top female...

A Walmart in rural Williston, North Dakota, where the company is a top-five employer. North Dakota has a "trigger law" that would automatically ban abortion if the Supreme... Read more ...