The Hyliion Hypertruck ERX Source: Hyliion Inc. Special purpose acquisition company Tortoise Acquisition Corp. and electric truck company Hylioon will vote on their merger on September 28, meaning there will likely soon be another EV player on the market, according to a recent filing with the Securities and Exchange Commission. The companies announced their intention to
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Louis Vuitton owner LVMH said Thursday it intends to file a lawsuit in Delaware against Tiffany, arguing the upscale diamond retailer has mismanaged the coronavirus crisisth. The news comes a day after LVMH announced it would be scrapping its $16.2 billion acquisition of Tiffany, a deal that would have been the biggest ever in the luxury industry. Tiffany
House Speaker Nancy Pelosi, D-Calif., holds her weekly press briefing on Capitol Hill on Aug. 13, 2020. Jim Watson | AFP | Getty Images The U.S. House of Representatives won’t be rolling out the payroll tax deferral to its employees. Sept. 1 was the first day of President Donald Trump’s order deferring the 6.2% employees pay
Boise, Idaho ranked number one on WalletHubs best overall markets getty Here’s WalletHub’s 2020’s best real estate markets. WalletHub recently crunched the numbers on the best real estate markets comparing “300 cities of varying sizes across 24 key indicators of housing-market attractiveness and economic strength.” The current news of how well many markets are doing
getty Compared to generations in the past, millennials have had a tough time in their lives so far. This is a generation of investors who grew up during the Great Recession, are dealing with exorbitant student loan debt, inflated home prices and rent costs, and are now dealing with the economic fallout of COVID-19. Despite
getty The U.S. Bureau of Labor Statistics reported today that the consumer price index (CPI) has increased by 0.4% for August. Over the last 12 months, the index increased 1.3% before seasonal adjustment; this figure has been on the way up since the end of May 2020. In contrast, the chained CPI increased 1.0% over the last
The U.S. reported more than 35,200 new cases of the coronavirus on Thursday, its highest daily tally since Sep. 5, according to data compiled by Johns Hopkins University. The holiday weekend likely impacted the data over the past few days and is only now beginning to stabilize. The seven-day average of daily new cases has
Ashley, 3, and Ethan, 2, look at a burned bicycle after wildfires destroyed a neighbourhood in Bear Creek, Phoenix, Oregon, U.S., September 10, 2020. Carlos Barria | Reuters Dozens of major wildfires are burning through the U.S. West Coast, destroying hundreds of homes and wiping out entire neighborhoods in two towns in Oregon. More than 3
An antenna for a satellite ground station Amazon Microsoft is looking to challenge Amazon in offering a service that connects satellites directly to the company’s cloud computing network, according to documents the company filed with the Federal Communications Commission last month The effort shows how the two largest providers of cloud infrastructure — data centers in
Ex-New York Jets wide receiver Josh Bellamy was arrested Thursday for his alleged role in a $24 million Covid-19 relief scheme, the U.S. Justice Department announced Thursday. The complaint says that Bellamy, along with 10 other defendants, allegedly applied for Paycheck Protection Program (PPP) loans via at least 90 fraudulent applications for a total more
Drew Angerer | Getty Images News | Getty Images Most unemployed workers will get up to $1,800 in extra jobless benefits through the Lost Wages Assistance program created last month by the Trump administration. The program pays a $300-a-week federal subsidy on top of the unemployment benefits workers currently receive. It follows the lapse of
Mortgage rates have plummeted yet again getty Interest rates have found a new low. This week, the 30-year fixed mortgage rate hit 2.86%, well below the 3% threshold that just a few months ago most people were saying would be the lowest they could reach. As we closed out August, interest rates had already come
getty As of September 10, 2020, the below described bill has failed in the Senate. To learn about what that bill contained, and what I hope future bills will contain, continue reading. On September 8th, Senate Majority Leader Mitch McConnell (R-KY) released an amendment (S.Amdt.2652) to Senate Bill 178 (the “UIGHUR Act of 2019”) which
(Photo Illustration by Scott Olson/Getty Images) Getty Images The newly-published results of an extensive survey of public views on taxes find deep partisan divisions and a widespread lack of understanding about federal income and estate taxes. The survey also shows that people’s perceptions of how government spends revenue may have a powerful effect on their
Liu Yifei stars in Disney’s “Mulan.” Disney For months, “Tenet” and “Mulan” have been the center of Hollywood’s attention. The films from Warner Bros. and Disney, respectively, were meant to represent a return to normal. However, neither film has quite embodied that hope. Going forward, every weekend at the box office will be an important
Niraj Shah, Wayfair CEO Ashlee Espinal | CNBC Citigroup won the rights to offer a pair of new credit cards with online furniture seller Wayfair, edging out Alliance Data Systems, CNBC has learned. The deal happened amid surging demand for home goods as millions of Americans were forced to work remotely from their residences during
Bill Gates helped build Microsoft into one of the world’s most valuable companies. But between the hard work it took to get the company off the ground and the pressure to succeed against fierce competition, the billionaire Microsoft co-founder wasn’t always such a nice guy to his employees. Gates, much like fellow tech icon Steve
SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station. NASA/Kim Shiflett JPMorgan Chase thinks it’s found the next hot market for investors: Taking stakes
Events and entertainment workers protest unemployment on Aug. 19 in Las Vegas. BRIDGET BENNETT/AFP via Getty Images) It’s a hard time to try to plan your finances. Unemployment benefits and another round of stimulus checks are up in the air. Evictions are banned, but only temporarily. Much of the uncertainty is due to the fact
Real estate is always an easy target for legislators. In the case of the pied-a-terre tax, however, … [+] the drawbacks seem likely to erase any possible rewards. getty The New York State Senate has once again placed New York City real estate directly in its sights. Last year the Senate considered a “pied-a-terre” tax