2021 Jeep Grand Cherokee L Fiat Chrysler DETROIT — Fiat Chrysler is expanding its popular Jeep Grand Cherokee lineup with a new three-row model, which the company believes will widen the vehicle’s appeal in an increasingly competitive SUV market. The Grand Cherokee L marks the fifth-generation of the SUV since its debut nearly 30 years
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An ambulance crew waits with a patient outside the Coast Plaza Hospital emergency room during a surge of coronavirus disease (COVID-19) cases in Los Angeles, California, December 26, 2020. David Swanson | Reuters The Covid-19 outbreak is so bad in Los Angeles County, ambulances have to wait hours to drop patients at emergency rooms. Hospital
Medical staff examine a patient suffering from coronavirus in the COVID-19 intensive care unit (ICU) at United Memorial Medical Center on November 16, 2020 in Houston, Texas. Go Nakamura | Getty Images Texas public health officials announced on Thursday that they have identified the state’s first case of a new, more contagious variant of the
A flight attendant gathers trash on a flight aboard a Boeing 737 Max from Dallas Fort Worth Airport to Tulsa, Oklahoma, December 2, 2020. Carlo Allegri | Reuters The country’s largest flight attendant unions on Wednesday expressed safety concerns over politically motivated disruptions on flights after a pro-Trump mob stormed the Capitol building, demanding that
Shoppers stand in line as they wait for a Victoria’s Secret store to open on Black Friday, at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters Victoria’s Secret parent L Brands said Thursday its same-store sales during the holiday period grew 5%, compared with a 3% drop a year
Bed Bath & Beyond shares plummeted Thursday, after the retailer reported a quarterly sales decline of 5% from a year ago, which it said was largely due to the sale of non-core assets like Cost Plus World Market and ongoing store closures that are part of its bigger turnaround plans. The stock was down more
People wear protective face masks outside Walgreens pharmacy in Union Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 24, 2020 in New York City. Noam Galai | Getty Images Walgreens Boots Alliance reported Thursday fiscal first-quarter earnings that exceeded Wall Street’s expectations, helped
A sign hangs from a branch of Banco Santander in London, U.K., on Wednesday, Feb. 3, 2010. Simon Dawson | Bloomberg via Getty Images LONDON — Mambu is the latest financial technology company to achieve the coveted status of “unicorn.” Headquartered in Berlin, Mambu sells software to banks both big and small to help them
Money manager Yana Barton expects Big Tech and health care to dominate market gains for the next 12 months and beyond. Despite a recent Wall Street rotation into economically sensitive groups, Barton wants to stick with what’s working. “All the secular tailwinds that were with us in 2020 are only accelerating,” Eaton Vance’s growth equity
U.S. stock futures rose in overnight trading on Wednesday as investors digested the likely event of a Democratic held Congress and continued to look past riots at the U.S. Capitol. Dow Jones Industrial average futures rose 125 points. S&P 500 futures gained 0.6% and Nasdaq 100 futures added 0.9%. During Wednesday’s trading session, markets were
Source: American Express American Express shares fell after the Wall Street Journal reported that the investigative arms of three U.S. financial agencies were probing the card issuer’s sales practices. Shares of the company dipped 1.3% Thursday after falling as much as 5% earlier. The offices of the inspectors general of the Federal Reserve, Treasury Department
. Mike Segar | Reuters There’s now nearly a half-billion dollars nestled in the Mega Millions jackpot. With no ticket matching all six numbers drawn on Tuesday, the game’s top prize has ballooned to $490 million for Friday night’s drawing. Powerball’s jackpot isn’t far behind: $410 million for the Wednesday night drawing. If you’re daydreaming
Dan Henry, CEO of Green Dot Source: Green Dot Green Dot, a fintech player that’s often overlooked compared to bigger rivals PayPal and Square, has been on a tear lately, with its stock climbing 140% last year. Still, the company’s shares have ample room to run as it launches a digital bank account for low
Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory in Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images Elon Musk just became the richest person in the world, with a net worth of more than $185 billion. Thursday’s increase in Tesla’s share price pushed
Traders work on the floor of the New York Stock Exchange. NYSE Despite the chaos at the Capitol, the S&P 500 closed Wednesday at a new high, which baffled some observers. “I think most feel this [the Washington protests] is more of a one-off situation, that this as an isolated event as opposed to some
Chamath Palihapitiya speaking at the 23rd Annual Sohn Investment Conference in New York City on April 23, 2018. Heidi Gutman | CNBC Online finance start-up SoFi is set to go public by merging with a blank-check company run by venture capital investor Chamath Palihapitiya, the companies announced Thursday. The merger with Palihapitiya’s SPAC, Social Capital
Chamath Palihapitiya speaking at the 2017 Delivering Alpha conference in New York on Sept. 12, 2017. David A. Grogan | CNBC Consumers have been sitting at home for months and months, and without typical things to spend money on, assets in bank accounts are growing. And that is a positive sign for stocks, according to
Uber driver picking up customer. Al Seib | Los Angeles Times | Getty Images Self-employed and gig workers applied for unemployment benefits last week at half the level from the week prior, according to Labor Department data reported Thursday. That suggests a strong rebound, breaking from persistently high — even increasing — levels in recent
In the stimulus package signed into law last month, the national ban on evictions was extended through January and a $25 billion pot of money was established for renters struggling amid the health and economic crisis. That money will help to keep many of the 14 million Americans who are behind on their rent in
Getty Images Millions of second stimulus checks are being deployed to help Americans who are struggling amid the coronavirus pandemic. Even so, some may be asking, “Where is my money?” A new set of payments was authorized by Congress with the latest $900 billion coronavirus relief package. This time, the checks will be up to