Month: March 2021

German automaker Volkswagen is not going to be altering the identify of its U.S. operations to Voltswagen of America in any case. The information, which appeared to leak out on its U.S. media website Monday and was formally introduced in a press launch Tuesday, was a part of an elaborate April Fools’ Day joke to lift consciousness in regards to the firm’s all-electric ID.4, in line with an individual conversant in the ruse. The corporate is anticipated to difficulty a follow-up announcement explaining the advertising technique by Wednesday morning, this particular person mentioned, asking to not be named. The Wall... Read More

An Amazon-sponsored billboard urging staff to return their unionization ballots is seen on March 28, 2021 in Bessemer, Alabama. Elijah Nouvelage | Getty Photos Amazon is taking part in an aggressive protection towards its critics because it stares down a historic union vote at one among its warehouses in Alabama.  In current days, Amazon has sparred with a handful of high-profile lawmakers on Twitter over its working situations, tax insurance policies and threats to interrupt up Huge Tech. The jabs got here from Amazon’s official social media account, which counts near 175,000 followers, and Dave Clark, the corporate’s shopper … Read More

Dr. Anthony Fauci, director of the Nationwide Institute of Allergy and Infectious Ailments, testifies throughout a Senate Well being, Training, Labor and Pensions Committee listening to on the federal coronavirus response on Capitol Hill on March 18, 2021 in Washington, DC. Susan Walsh | Pool | Getty Pictures The newest rise in new Covid-19 infections cannot be pinned on extremely transmissible variants alone as extra People journey for spring break and states carry restrictions, together with masks mandates, supposed to sluggish the virus’ unfold, White Home Chief Medical Advisor Dr. Anthony Fauci mentioned on Sunday. Following practically three months of... Read More

Excessive yield, low visibility. That is what number of buyers are feeling about high-dividend securities lately as rates of interest edge larger and U.S. economic system exhibits indicators of restoration. Traditionally, high-yield investments are likely to outperform the S&P 500 within the three years following a recession, Isaac Braley, the president of BTS Asset Administration, instructed CNBC’s “ETF Edge” this week. However buyers have been piling into the area lately amid a market-wide hunt for yield, “giving cash to this asset class, actually hoping it should do one thing,” Braley stated in a Monday interview. “Final yr, it did not... Read More

Shares of ViacomCBS and Discovery continued their dramatic plunge Friday, every closing down greater than 27{6b17707e448e34f54d6d1a9e433426abf2addbba8938cba1c35a09fc0ada7803}. That is led to ViacomCBS shedding greater than 50{6b17707e448e34f54d6d1a9e433426abf2addbba8938cba1c35a09fc0ada7803} for the week, whereas Discovery has dipped about 45{6b17707e448e34f54d6d1a9e433426abf2addbba8938cba1c35a09fc0ada7803}. ViacomCBS shares started to fall earlier this week after the corporate introduced it will elevate $3 billion from new inventory choices. It was additionally downgraded to underweight from equal weight by Wells Fargo, which additionally downgraded Discovery from chubby to equal weight. ViacomCBS and Discovery have been closely shorted firms, as buyers stay skeptical of the businesses’ long-term prospects within the crowded media panorama. The contagion... Read More