Short interest moves among automaker stocks were mixed during the two-week reporting period that ended on May 14. Of the companies we watch, short interest increased on three of six electric vehicle (EV) makers while jumping sharply on one of the traditional carmakers. Share price moves on the eight stocks were mixed during the two-week period, with four of the […]

New York (CNN Business)Today in ultra-billionaire news, Amazon founder Jeff Bezos has purchased a modest 100-foot schooner as he looks forward to a quieter life and hours of reflection on the open seas … LOL, just kidding. The world’s richest man is reportedly buying a boat, though that word feels inappropriately sensible for the monstrosity going to Captain Bezos: a […]

The Gilford Police Department said Marilyn Manson is wanted in connection to a misdemeanor assault that allegedly took place in 2019. The alleged incident took place at the Bank of New Hampshire Pavilion and involved a videographer. Manson's attorney says the claim is "ludicrous" and that they are committed to cooperating with local authorities. Police in New Hampshire say they […]

DETROIT — Ford expects 40% of its global sales to be battery-electric vehicles by 2030 as it adds billions to what it’s spending to develop them. Ahead of a presentation to Wall Street on Wednesday, the automaker says it will add about $8 billion to its EV development spending from this year to 2025. That would bring the total to […]

The average rate for 30-year fixed-rate mortgages increased to 3.18% from 3.15%. Refinance demand fell 7% last week and was 9% lower than a year ago. Mortgage applications to purchase a home increased 2% for the week but were 4% lower than year earlier. A slight increase in mortgage interest rates was enough to tank refinances and bring down overall […]

The S&P 500 is barely positive for the month, but one corner of the market has made strides. Dividend stocks have been a hot trade in May with the U.S. 10-year yield under pressure again. Higher bond yields compete for investors' cash by offering an alternative. When they drop, dividend stocks are among the assets that become more attractive. The […]

New York (CNN Business)ExxonMobil’s response to the climate crisis could very well be decided on Wednesday. For the first time in modern history, America’s largest oil company is facing a credible challenge from an activist investor. Upset with Exxon’s financial performance and its foot-dragging on the climate, hedge fund Engine No. 1 is seeking to oust four directors at the […]

With two major cultural events held last weekend, the international arts scene signaled it has no intention of letting yet another year get canceled by Covid.   Art Basel Hong Kong, which took place from May 19-23, marked the return of one of the world's most venerated art fairs. The show came on the heels of Frieze New York, held […]

A judge dismissed an indictment against Steve Bannon months after former President Trump pardoned him. The judge’s written order took pains to detail the allegations against Bannon, however. Prosecutors say he took more than $1 million from a border wall fundraising scheme. See more stories on Insider’s business page. A federal judge on Tuesday dismissed an indictment against Steve Bannon, […]