A Zeekr 001 electric vehicle (EV) by Geely is seen displayed at the Zeekr booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. Aly Song | Reuters Chinese electric vehicle maker Zeekr priced its initial public offering at $21 a share Thursday, at the top end of its range, according to news reports. The company will sell 21 million American depository shares to raise $441 million when it begins trading on the New York Stock Exchange on Friday under the ticker ZK, Reuters and Bloomberg News reported, citing sources familiar. The offering sits…
Author: insighter
Points earned with the Flagship Rewards card are worth 1 cent each making the card’s 40,000-point bonus offer worth $400. Redemption options include a direct deposit to a Navy Federal savings account and a statement credit on the Flagship Rewards account. A bonus offer valued at $539 is already an excellent deal, but it’s even more attractive considering that the Flagship Rewards card has a modest $49 annual fee. Other cards with comparable sign-up bonuses charge several hundred dollars a year. The Flagship Rewards card also comes with a $100 statement credit every four years for Global Entry or TSA…
The former Bed Bath & Beyond Inc., seeking to generate cash for its creditors, sued to recover more than $300 million in trading profits from Hudson Bay Capital Management, the hedge fund at the center of a last-ditch financing plan that failed to prevent the retailer’s collapse. The former retailer filed a lawsuit last week claiming that, behind the scenes, Hudson Bay orchestrated the terms for a February 2023 offering so it could acquire a huge, cut-rate stake in Bed Bath without having to disclose the ownership under a little-known rule for corporate insiders. The law also requires executives —…
Bruce Garelick walks following a hearing at the Manhattan Federal Court, in New York City, July 20, 2023. Amr Alfiky | Reuters A federal jury in New York on Thursday convicted an investor of insider trading in the stock of a shell company ahead of its announcement in October 2021 that it would merge with Trump Media. The investor, Bruce Garelick, had been on the board of directors of the publicly traded company, Digital World Acquisition Corp., at the time he was accused of sharing and exploiting non–public information with others about its plans to merge with then-privately held Trump…
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this episode: Discover how you could turn your collectibles and passions into an actual business and stay ahead of market trends. How hard is it to make money from collectibles? What kinds of things typically become collectible? Hosts Sean Pyles and Elizabeth Ayoola discuss the unconventional method of selling collectibles to earn income to help you understand how your passions could yield financial gain. Sean speaks with Tyler Feldman, the Founder and CEO of Inscriptagraphs, a sports and entertainment memorabilia company, about the significance of researching…
A Boeing 737-300 plane carrying 85 people skidded off a runway at the airport in Senegal’s capital, injuring 10 people, according to the transport minister, an airline safety group and footage from a passenger that showed the aircraft on fire. “Our plane just caught fire,” wrote Malian musician Cheick Siriman Sissoko in a post on Facebook that showed passengers jumping down the emergency slides at night as flames engulfed one side of the aircraft at the airport in Dakar. In the background, people can be heard screaming. Transport Minister El Malick Ndiaye said the Air Sénégal flight operated by TransAir…
Epoxydude | Fstop | Getty Images A Consumer Financial Protection Bureau regulation that promised to save Americans billions of dollars in late fees on credit cards faces a last-ditch effort to stave off its implementation. Led by the U.S. Chamber of Commerce, the card industry in March sued the CFPB in federal court to prevent the new rule from taking effect. That effort, which bounced between venues in Texas and Washington, D.C., for weeks, is now about to reach a milestone: A judge in the Northern District of Texas is expected to announce by Friday evening whether the court…
Military service members protect the nation, and, in turn, some aspects of their finances are protected by law. In 2003, Congress passed the Servicemembers Civil Relief Act, legislation that grants a low cap on credit card interest rates during active duty. But more than 20 years later, this benefit is underused, causing many service members to pay much more interest on loans than they have to. A 2022 study from the Consumer Financial Protection Bureau found that members of the National Guard and Reserves “infrequently benefit from the rate reduction benefit for credit cards.” The study’s authors hypothesize that underutilization…
A Big Mac is displayed on a page of the McDonald’s app Daniel Acker | Bloomberg | Getty Images McDonald’s U.S. franchisees will start paying into a digital marketing fund next year as the fast-food giant looks to expand its booming digital business, according to a memo viewed by CNBC on Thursday. The change is meant to modernize the company’s marketing strategy and widen its competitive advantage, according to the memo, which was written by U.S. Customer Experience Officer Tariq Hassan and Chief Information Officer Whitney McGinnis. The memo also said that McDonald’s plans to invest hundreds of millions of…
Europe needs to close the gaping productivity gap with the U.S. if it is to compete in the modern economy. That’s the warning that Sweden’s central bank boss Erik Thedéen has for both his country and the rest of the continent, only a day after the Riksbank governor took the initiative to raise interest rates before the Fed, signaling a possible divergence in monetary policy across the Atlantic. “They are outperforming Europe, including Sweden—the productivity growth in the U.S. has been much stronger. That is very important for European policymakers to try to address,” Riksbank governor Thedéen told the Financial…
A logo outside the Banco Sabadell SA offices at the Banc Sabadell Tower in Barcelona, Spain, on Wednesday, May 1, 2024. Bloomberg | Bloomberg | Getty Images Spanish bank BBVA caught markets by surprise on Thursday after it announced a rare hostile takeover bid for domestic rival Banco Sabadell, with one investment firm describing the situation as “very strange.” The move comes shortly after a separate 12 billion euro ($12.87 billion) takeover offer from BBVA to Sabadell’s board was rejected earlier in the week. The board said Monday that BBVA’s initial bid “significantly undervalues” the bank’s growth prospects, adding that…
Miles per gallon (mpg) is the number of miles a car can travel on a single gallon of fuel. So, if a vehicle goes 30 miles on a gallon of gas, it would have an mpg of 30. A car’s mpg varies based on many factors, like your driving habits, level of traffic, road conditions and type of fuel you’re using. For this reason, a vehicle’s mpg is usually calculated as an average over a period of time as opposed to one fixed number. The higher a vehicle’s average mpg, the farther you can drive using less fuel, thus reducing…