New York City Airbnb hosts cancel guests due to new short-term rental laws, leaving them high and dry
New rules curbing short-term rentals went into effect this week in New York City. But the stricter laws have left some travelers scrambling due to last-minute cancellations. A new ordinance requires all short-term-rental hosts to be registered with the city, live in the place they are renting, be present when someone is staying, and host […]
GM offers wage increases, hefty bonuses in UAW contract fight
UAW Local 5960 member Kinethia Black fills the brakes of a 2022 Chevrolet Bolt EUV during vehicle production on Thursday, May 6, 2021 at the General Motors Orion Assembly Plant in Orion Township, Michigan. Photo by Steve Fecht for Chevrolet DETROIT – General Motors on Thursday offered its largest four-year wage increase in decades as […]
My 103-year-old grandmother’s adviser bought 5 bank stocks. She lost $300K.
Dear Quentin, I am the trustee/executor for my 103-year-old grandmother. She is alive and mostly doing fine. Lately, she has been allowing me access to her finances so there are no surprises when she dies. I just reviewed her investment-account statements and found that her adviser bought hundreds of thousands of…
New Covid vaccines effective against BA.2.86 variant
Artur Widak | Nurphoto | Getty Images New Covid vaccines from Moderna and Pfizer produced a strong immune response against BA.2.86, a highly mutated omicron variant that health officials are watching closely, the companies said Wednesday. Moderna said its updated shot produced an 8.7-fold increase in protective antibodies against BA.2.86 in a clinical trial. Pfizer […]
Comcast, Disney move up deadline to decide Hulu future ownership
Rafael Henrique | SOPA Images | LightRocket | Getty Images The timeline to decide Hulu’s ownership fate has been moved up, Comcast CEO Brian Roberts said Wednesday. Comcast and Disney are set to begin those discussions on Sept. 30, months earlier than the initial January 2024 deadline. The talks will include an appraisal process. Under […]
Movers & Shakers: GameStop shares pop on better results, and other movers early Thursday
AI group C3.ai sees shares dip despite results meeting forecasts.
Barbie wins summer box office, Taylor Swift might not save fall
A scene from “Barbie.” Courtesy: Warner Bros. Hollywood bet big on blockbuster franchise sequels to revive its summer cinema business, but it was fresh fare such as “Barbie” and “Oppenheimer” that fueled the industry’s haul of $4 billion, a 19% jump from last year. Starting the first Friday in May and running through Labor Day […]
EV maker Lucid is ‘exploring’ China expansion: report
Electric-vehicle maker Lucid Group Inc. is “exploring” selling its cars in China, CNBC reported late Wednesday, though there is no timeline yet. In an interview with CNBC at the IAA auto show in Munich, Germany, Lucid’s chief engineer Eric Bach said: “It’s the world’s largest car market. It’s going to be likely the world’s largest and fastest […]
UAW leader says strike would send Biden a message
A strike by the United Auto Workers union against the Detroit automakers would help President Joe Biden and other politicians pick a side when it comes to organized labor, UAW President Shawn Fain said Wednesday night. “I think our strike can reaffirm to [Biden] of where the working-class people in this country stand and, you […]
Rising bond yields drag real estate, utility stocks as this ETF sees ‘decisive breakdown’
Rising bond yields are rattling markets, luring investors with attractive rates while exerting pressure on pockets of equities such as the real estate and utilities sectors. “Elevated Treasury yields have dragged on relative performance for REITs and utilities,” said Katie Stockton, founder of technical research firm Fairlead Strategies, in a note Wednesday. The…
