Bloomberg

 In June, U.S. inflation hit a four-decade high, with the consumer price index climbing 9.1% from the previous year. This represented the biggest gain since the end of 1981, according to Labor Department data, and reported by Bloomberg. This mostly impacted gasoline,...

Meta Platforms Inc (NASDAQ: META) has asked several banks to set up investor meetings for what would be the company's first-ever bond sale. Shares of Facebook's parent company appear to be responding well to the news.  What To Know: Meta shares are...

Be accountable for your actions. — CZ 🔶 Binance (@cz_binance) July 25, 2022   This tweet by crypto giant Changpeng "CZ" Zhao came after confirming by a retweet that he had filed a defamation lawsuit on July 6 against Modern Media, an independent licensee and...

The second quarter is set to come to a close Thursday and the S&P 500 is on pace to close out its worst first half of the year since 1970. What To Know: Stock index futures are signaling a lower open after the Personal Income and Outlays report showed inflation measured...

Some of the largest US cannabis operators violated important rules set up for the newly legal marijuana market in New Jersey. And, they’re being fined for it. What Happened According to state cannabis commission documents, obtained via Open Public Records Act request,...

Stock and cryptocurrency platform Robinhood Markets (NASDAQ: HOOD) saw shares surge Monday as it was reported the company could soon be acquired. Here’s the latest.  What Happened: Robinhood shares surged Monday on a report by Bloomberg that FTX could be looking to acquire the company...

The global road transportation market could hit carbon neutrality by the year 2050, according to a new analysis of the electric vehicle market by Bloomberg. Here are the key takeaways from the report. What Happened: In 2021, electric vehicles had market shares of 1% for vans and trucks, 9% of...

Apple Inc (NASDAQ: AAPL) provided its board a sneak peek of its long awaited mixed-reality headset last week, which led some to speculate the product could be unveiled as soon as this year.  What Happened: According to a Bloomberg report citing people with knowledge of the...

David Stone, a 36-year-old from Idaho, allegedly accessed stock picks from Motley Fool’s proprietary systems and made millions. Motley Fool is a private investment advisory company that offers insight into stocks and provides various premium services for passive investors, including stock-...

There’s no doubt that important changes in the cannabis industry, such as legalization efforts, directly impact weed stocks. On the news of possible federal legalization, marijuana stocks usually trade higher. However, with so many delays and industry experts opining that ...

The burgeoning recreational marijuana industry – illegal at the federal level yet legal for adults in some 18 U.S. states and Washington DC – has faced multiple challenges throughout the years, mostly because of the Schedule 1 status of the cannabis plant.  The biggest problem?...

It’s been said that Elon Musk sells his cars with a splash of Freud. He keeps things sexy — or S3XY, because he failed to win the "Model E" trademark from Ford Motor Company (NYSE: F) and resorted to using "3" instead. That S.3.X.Y. lineup is almost...

Who is the person behind the largest Canadian cannabis company in the world? That would be Irwin D. Simon, chairman and CEO of  Tilray Brands Inc. (NASDAQ: TLRY).  After some 30 years in executive roles at various consumer packaged goods companies from...

Analysts at Bloomberg have determined a few reasons why Ethereum (CRYPTO: ETH) is gaining an upper hand over the Nasdaq 100. What Happened: In the most recent edition of Bloomberg’s crypto outlook report, analysts stated Ethereum’s performance advantage over the Nasdaq could be “...

Since November 2019, Chris Kempczinski has served as the CEO of McDonald’s Corp (NYSE: MCD). Here is a look at his net worth, job history and what he sees as the competitive advantages for the fast-food giant going forward. Chris Kempczinski Net Worth: Kempczinski has worked with McDonald...