Many factory workers in Shanghai can’t get back to work, even after Covid controls ease

Tesla’s Shanghai factory was “back up and running” as of Wednesday, according to CEO Elon Musk’s comments during a quarterly earnings call, per a StreetAccount transcript. This picture shows the factory on the outskirts of Shanghai in July 2021. Vcg | Visual China Group | Getty Images BEIJING — Foreign businesses are struggling to bring…

Florida taxpayers could face a $1 billion Disney debt bomb if its special district status is revoked

In this article DIS A view of the Walt Disney World theme park entrance on July 11, 2020 in Lake Buena Vista, Florida. Octavio Jones | Getty Images A bill that would repeal Disney’s self-government status in Florida could leave local taxpayers with more than $1 billion in bond debt, according to tax officials and…

Consumer complaints up 31% since 2018 about collection attempts for medical debt not actually owed, federal watchdog finds

Fizkes | Istock | Getty Images For some consumers, medical debt they don’t even owe appears to ends up haunting them anyway. Complaints jumped 31% from 2018 to 2021 about debt collectors attempting to get consumers to fork over amounts that already were paid or otherwise not owed, according to a new report from the…

Experts advise teens to take a careful hands-on approach when learning about crypto investing

Today’s financially savvy teens are thinking a lot about cryptocurrency, blockchain and non-fungible tokens, or NFTs. Many of these young investors are curious about how they should start putting money into the often-volatile asset class. Experts say that new investors don’t need to shy away from cryptocurrency, but warn that they should educate themselves on…

Cramer’s lightning round: Don’t sell Marvell Technology

Loading chart… OptimizeRx Corp: “There’s not enough there at that company. … Can’t go there.” Loading chart… American Airlines Group Inc: “Good quarter. … I thought United‘s quarter was even better. I like these guys.” Loading chart… ZIM Integrated Shipping Services Ltd: “These stocks are one-way stocks. … When they go down, look out. And…

Snap reports ‘challenging’ quarter that missed sales and profit estimates

CEO of Snap Inc. Evan Spiegel walks to a morning session at the Allen & Company Sun Valley Conference on July 07, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Snap missed Wall Street expectations for profit and sales, and forecast disappointing revenue growth in the current quarter, when it reported first-quarter results…

Stock futures are flat as the S&P 500 attempts to avoid another losing week

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, April 14, 2022. Brendan McDermid | Reuters Stock futures were flat in overnight trading Thursday as the S&P 500 tried to avoid another losing week amid busy earnings and rising bond yields. Futures on the Dow Jones Industrial Average dipped…

Why would an Oscar-winning actor create a travel app? Kevin Costner shares his story

Kevin Costner knows a good story when he hears one. That’s why he said he was intrigued when he heard about an app designed to alert travelers of notable, yet often unnoticed, places of interest along their journeys.   “I’m the guy that driving around America … when you see those bronze markers along the…

Inflation is impacting health-care costs in retirement. Here’s how to fight it

Prices for gas, food and housing have skyrocketed in the last year. Less noticeable, to some, is the rising cost of health care.  Medicare, the U.S. government’s national health insurance program for Americans age 65 and over, imposed a 14.5% increase in premiums for Part B (outpatient care coverage) for 2022, a record high and…

Supreme Court decision may hurt Puerto Rico residents who need access to federal disability program, expert says

The U.S. Supreme Court in Washington, D.C. Al Drago | Bloomberg | Getty Images Efforts to expand a federal program for disabled, elderly and blind Americans suffered a setback on Thursday when the Supreme Court ruled that Puerto Rico residents should be excluded from receiving those benefits. The program, called Supplemental Security Income, or SSI,…

The Misguided Notion of Government-Set Prices for Prescription Drugs

A centerpiece of the Build Back Better Act (BBBA) as passed by the House last year was drug pricing legislation, which could be included in the next version of the BBBA, now rebranded as an inflation-control, climate, and deficit-reduction bill. While headline inflation is at an alarming rate, with the most recent 12-month reading at…