Estee lauder (EL) popped after China loosened its Covid restrictions, a move we’ve long predicted.
President Joe Biden intends to nominate Danny Werfel to become the next IRS Commissioner, overseeing the plan for the agency’s nearly $80 billion in funding.
As freight shipping prices fall on weak global demand, Asia-based sailings are being cancelled and that’s becoming a problem for US ports including Long Beach.
Omicron subvariants BQ.1 and BQ.1.1 now make up 44% of new Covid cases, compared with 32% last week, according to CDC data.
Lack of pilots for commercial airplane flights is a crisis that affects many Americans and could last a decade. Airlines have a plan for the labor shortage.
Musk also invited employees who have returned to the San Francisco office, and who survived last week’s 50% reduction in workforce, to come visit with him.
Which parties control the House and Senate still has not been decided. But there are some lessons investors can take away from this week’s midterm elections.
The company’s implosion has led the Biden White House and two powerful committee chairs to publicly criticize FTX and call for tighter industry oversight.