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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Fox Business

Tesla rival Lucid Motors to run commercial during Elon Musk's SNL episode

Sat, May 08, 2021

Electric car maker Lucid Motors has a plan to upstage Tesla founder Elon Musk during his highly anticipated appearance as guest host of “Saturday Night Live” this weekend....

Companies offering hiring incentives to lure workers amid COVID-19 state reopenings

Fri, May 07, 2021

A growing number of companies across the country are offering incentives to lure new employees as the US economy continues its recovery from the coronavirus pandemic....

Coinbase says SEC conversation on crypto regulation welcome

Fri, May 07, 2021

The $2 trillion crypto market and the exchanges operating in the space have no regulation leaving investors vulnerable said SEC's Gensler....

Elon Musk calls cryptocurrency 'promising,' warns to invest 'with caution'

Fri, May 07, 2021

The chief executive tweeted the comment, acknowledging that the volatile digital currency, which has been gaining popularity in part due to high-profile supporters, still shows promise....

Melinda Gates divorce stocks: AutoNation to Mexican Coca-Cola

Fri, May 07, 2021

Melinda Gates now has a stock portfolio of familiar names ranging from soft drinks, media and rail transportation....

Dow, S&P 500 nab records despite chaotic jobs miss

Fri, May 07, 2021

Investors discounted the big jobs miss and jumped back into equities....

News Corp revenue rises on real estate and publishing growth

Fri, May 07, 2021

News Corp reported 3% revenue growth for the quarter that ended in March, driven by positive foreign-exchange fluctuations plus solid growth at the company’s digital real estate, book publishing and Dow Jones units....

Beyond Meat burned by COVID-19 restaurant trends

Fri, May 07, 2021

Beyond Meat shares sank on Thursday as the company explained pandemic pressures caused it to fall short of earnings expectations....

Peloton CEO apologizes for Tread+ issues as company will temporarily halt treadmill sales

Fri, May 07, 2021

The revenue impact from the Tread and Tread+ recall is expected to be approximately $165 million, and the pause in Tread and Tread+ deliveries will negatively impact Peloton's revenue by approximately $105 million, according to chief financial officer Jill Woodworth....

Peloton’s bike wait time back to pre-COVID-19 levels

Thu, May 06, 2021

Peloton reported revenue growth of $1.26 billion in the quarter, up 141%, driven by strong demand for its Connected Fitness Products, an acceleration of deliveries and low churn levels....