Business

Stocks a week ahead: Electronic Arts still the odd one out in gaming

Stocks a week ahead: Electronic Arts still the odd one out in gaming

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business — All things considered, video game leader Electronic Arts is having a pretty decent year despite inflation, worries, other macroeconomic fears and headwinds. Shares of EA (EA) are …

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Here's how much the average working boomer has saved for retirement

Here’s how much the average working boomer has saved for retirement

Three news items that say a lot about the retirement crisis facing Americans and what we can do about it—if we want to. The first is a survey of 1,000 working Americans conducted recently showing much, or little, they have saved for retirement. And the picture isn’t so much bleak as devastating. Less than half …

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Exxon Mobil CEO Darren Woods on energy transition, gas prices

Exxon Mobil CEO Darren Woods on energy transition, gas prices

Exxon Mobil CEO Darren Woods warns that an abrupt transition to renewable energy will cause society to “pay a high price.” The national average price for a gallon of gasoline is currently nearly $5, causing strife for all drivers, according to AAA. In an interview with CNBC’s David Faber, Woods cautioned against a government policy …

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Disney worker rips company over vow to pay abortion costs

Disney worker rips company over vow to pay abortion costs

A Florida Disney employee ripped the company’s campaign to cover abortion travel costs for workers, telling The Post on Saturday it’ll be bad for business and would “alienate” customers. Jose Castillo, who works in resort management in Orlando, accused the Walt Disney Co. of trying to influence politics after wading into the fraught abortion issue …

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Schools Are Spending Billions on High-Tech Defense for Mass Shootings

Schools Are Spending Billions on High-Tech Defense for Mass Shootings

Reid Baeur was finishing lunch period last year at his middle school in the Atlanta area when an alarm began blaring through the halls, warning of an emergency. Reid, then in sixth grade, had never heard the school’s “code red” alert before. It was part of a new $5 million crisis management service that the …

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Biden's Abuse Of Defense Production Act Will Drive Gas Prices Even Higher

Biden’s Abuse Of Defense Production Act Will Drive Gas Prices Even Higher

Gas prices have driven many a voter to the polls in our nation’s history, but Americans are feeling pain at the pump now more than ever as the average national gas price breached $5 for the first time in history. President Biden is busying himself with non-solutions like a temporary gas tax break — something …

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Analyst Who Nailed May 2021 Bitcoin Collapse Unveils Massive BTC Price Target – Here's How Long Traders May Have To Wait

Analyst Who Nailed May 2021 Bitcoin Collapse Unveils Massive BTC Price Target – Here’s How Long Traders May Have To Wait

The closely tracked crypto strategist who accurately called Bitcoin’s May 2021 crash says he could see BTC rising exponentially in the coming years. Dave the Wave tells his 118,000 Twitter followers that based on his logarithmic growth curve (LGC) model, Bitcoin could potentially witness an increase of over 1,100% over the next four years. “Who’s …

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It seems NFT-themed Bored & Hungry restaurant no longer accepts crypto

It seems NFT-themed Bored & Hungry restaurant no longer accepts crypto

The Los Angeles Times reported on Friday that recently opened nonfungible token- (NFT)-themed burger joint Bored & Hungry no longer accepts cryptocurrency as a form of payment for its food. When questioned, one Bored & Hungry employee told the Los Angeles Times “Not today — I don’t know.” The individual didn’t give any indication of …

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Why Is There a Decrease of Worldwide Oil-refining?

Why Is There a Decrease of Worldwide Oil-refining?

Drivers around the world are feeling pain as fuel prices greatly increase. Costs for heating buildings, power generation, and industrial production are also rising sharply. Prices were already up before Russia invaded Ukraine on February 24. But since the middle of March, fuel costs have greatly increased while crude prices are only moderately high. A …

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Tesla Is Sacking Staff Who Recently Started and Withdrawing Job Offers

Tesla Is Sacking Staff Who Recently Started and Withdrawing Job Offers

Tesla has laid off workers who only started at the company months or even weeks ago. An intern had his full-time offer rescinded, while a recruiter was let go after just two weeks. One manager said Tesla threatened to cut off health insurance if he refused the severance package. Loading Something is loading. Tesla workers …

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