business news

Abbott reaches agreement with FDA to reopen baby formula plant

A woman shops for baby formula at Target in Annapolis, Maryland, on May 16, 2022, as a nationwide shortage of baby formula continues due to supply chain crunches tied to the coronavirus pandemic that have already strained the country’s formula stock, an issue that was further exacerbated by a major product recall in February. JimWatson …

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How Carvana went from a Wall Street top pick to meme stock trading

Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC caravan CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company’s mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within …

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Uber update lets you book party buses, electric vehicles

Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., smiles during a Bloomberg Technology television interview in San Francisco, California, US, on Tuesday, Dec. 14, 2021. David Paul Morris | Reuters Uber announced its latest slate of updates Monday ahead of what’s expected to be a busy travel and events season. The features, announced during …

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JetBlue launches hostile takeover bid for Spirit Airlines

LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Josephs | CNBC JetBlue Airways launched a hostile takeover bid of Spirit Airlines on Monday after that carrier rejected JetBlue’s $33 per share, all-cash offer earlier this month. JetBlue has said acquiring Spirit would give it access to a large fleet …

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Americans can expect to pay a lot more for medical care in retirement

Lisafx | istock | Getty Images A 65-year-old couple retiring this year can expect to spend an average of $315,000 in health-care and medical expenses in their retirement, according to a new estimate by Fidelity Investments. That’s 5% higher than last year’s estimate. While much of the increase this year came from higher Medicare Part …

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First Street Foundation scores wildfire risk for every home in America

Laguna Niguel, California May 11, 2022- Firefighters battle a brush fire at Coronado Pointe in Laguna Niguel Wednesday. Wally Skalij | Los Angeles Times | Getty Images Raging New Mexico and California wildfires may offer an ominous outlook for a growing swath of America, and not just in the West. Wildfire risk is increasing, likely …

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She pushed for student loan forgiveness for a decade. it could happen

astra-taylor Source: Isabella De Maddalena Astra Taylor took out her first student loan at 17. She attended Brown University and The New School, and owed tens of thousands of dollars when she defaulted on her debt during the 2008 financial crisis. “Overnight, they added 19% to my principal,” Taylor, 42, said. “Like millions of others, …

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She pushed for student loan forgiveness for a decade. it could happen

astra-taylor Source: Isabella De Maddalena Astra Taylor took out her first student loan at 17. She attended Brown University and The New School, and owed tens of thousands of dollars when she defaulted on her debt during the 2008 financial crisis. “Overnight, they added 19% to my principal,” Taylor, 42, said. “Like millions of others, …

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