People dine at an outdoor dining patio set up at a restaurant on March 18, 2021 in New York City. Angela Weiss | AFP | Getty Images The National Restaurant Association is asking Congress to replenish the Restaurant Revitalization Fund as the omicron variant hits operators’ businesses. Last year, lawmakers created the $28.6 billion fund
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Streets in Tianjin, China, empty out on Jan. 10, 2022, as the city enters partial lockdown following a spike in omicron cases. Geno Hou | Future Publishing | Getty Images Covid lockdowns, quarantines and restrictions are causing a backlog in some of China’s major ports, resulting in “chaos” and pushing up air freights by as
In this article PTON Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images Warning: This article includes some spoilers for the Season 6 premiere of “Billions.” The hits just keep coming for Peloton.
In this article JBSS-BR BYND Josh Tetrick, co-founder and CEO of cultivated meat start-up Eat Just, has a vision: He imagines a day when meat grown in a lab is available everywhere from Michelin-star restaurants to street vendors and fast food chains. But more investment — and regulatory approvals — will be needed to get
In this article F GM The cab to a Ford all-electric F-150 Lightning truck prototype is seen on an automated guided vehicle (AGV) at the Rouge Electric Vehicle Center in Dearborn, Michigan, September 16, 2021. Rebecca Cook | Reuters Detroit’s automakers have brought a surprisingly conservative financial strategy to making EVs the next vehicle of
shironosov | iStock | Getty Images Before eventually moving to California, the grandson of one of interior designer Phyllis Harbinger’s wealthy clients who had just graduated from college opted to rent furniture rather than buy it for an apartment he and his girlfriend had found in the New York area. “They said, ‘We don’t know
Dylan Sadiq, known as “The College Cuber” charges $8,000 for his mosaics made of cubes. Pro teams including the NBA’s Detroit Pistons have purchased the artwork. Courtesy: Dylan Sadiq | The College Cuber It started with a portrait of his favorite basketball player, Luka Doncic. Then came fellow NBA star Damian Lillard. International soccer clubs
CNBC’s Jim Cramer said Friday that technical analysis of Wall Street’s so-called fear gauge indicates the S&P 500 faces a challenging outlook in the near term. “The charts, as interpreted by Mark Sebastian, suggest that the S&P 500 could remain in the house of pain through early February,” the “Mad Money” host said. However, Cramer
In this article VIAC Tom Cruise runs along Blackfriars Bridge in London, during filming for “Mission Impossible 6.” Victoria Jones – PA Images The Tom Cruise led “Mission Impossible 7” is moving on the calendar once again. This time, it’s setting its sights on 2023. Paramount Pictures and Skydance said Friday that both the seventh
Here are the most important news, trends and analysis that investors need to start their trading day: Wall Street looks like it’s going to extend its losing streak Netflix’s plunge would erase gains back to April 2020 Peloton is taking ‘significant corrective actions,’ CEO says Intel plans to build a $20 billion chip manufacturing site
CNBC’s Jim Cramer said Thursday he believes the stock market is getting closer to reaching an investable bottom after a challenging start to the new year. The “Mad Money” host’s comments mark a shift in outlook compared to two weeks ago, when Cramer contended it was too early to buy aggressively based on a 10-item
In this article PTON A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Shares of Peloton closed down 23.9% at $24.22 on Thursday, wiping roughly $2.5 billion off of