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October 25, 2021

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Breaking news, stories, weather, ideas, and more. As an aggregate, blog and our own news.  Break’n News presents information in photos, videos, and written.

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Cathie Wood disputes Jack Dorsey’s hyperinflation warning, says prices will fall after holidays

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CNBC – For more and to sign up click here Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images Innovation investor Cathie Wood on Monday rebutted......

Salad chain Sweetgreen files to go public, hopes to double footprint within 5 years

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CNBC – For more and to sign up click here A Sweetgreen location in Bethesda, Maryland. Jeffrey MacMillan | Getty Images Salad chain Sweetgreen filed Monday to go public on the New York Stock Exchange under the ticker SG, aiming to become the latest restaurant company to hit the public......

Biden has few options to combat surging gas prices as voters grow concerned about inflation

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CNBC – For more and to sign up click here A view of a petrol station as US oil prices hit their highest levels since 2014 due to the deepening energy crisis in global markets, in Washington, United States on October 7, 2021. Yasin Ozturk | Anadolu Agency | Getty......

Harvard professors warn that war-torn countries will miss global vaccine goals in 2022

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CNBC – For more and to sign up click here Taliban members gather and make speeches in front of Herat governorate after the completion of the U.S. withdrawal from Afghanistan, in Herat, Afghanistan on August 31, 2021. Mir Ahmad Firooz Mashoof | Anadolu Agency | Getty Images War-torn countries will......

Facebook beats on earnings despite revenue miss

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CNBC – For more and to sign up click here Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Facebook shares rose in extended trading on Monday after the company reported better-than-expected third-quarter earnings while revenue missed......

Senate Democrats push for tax on billionaires to help fund spending plan

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CNBC – For more and to sign up click here U.S. Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles P. Rettig at a June 8, 2021 Senate Finance Committee hearing. Tom Williams | Pool | Reuters As Democrats inch closer to finalizing their social spending package, Senate......

Tesla-Hertz EV deal signals to national rental car fleets it’s time to go electric

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CNBC – For more and to sign up click here The economics of the rental car industry give companies including Avis Budget Group and Enterprise Holdings multiple reasons to go slow on the adoption of electric vehicles. Just think of how much money they make every time a renter forgets......

Trump SPAC Digital World Acquisition drops 10% after huge gains on social media merger news

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CNBC – For more and to sign up click here The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images The SPAC stock linked to Donald Trump’s planned social media platform sharply dropped in price Monday afternoon after booking......

Democrats trim Biden’s social spending plan as they rush to strike a deal this week

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CNBC – For more and to sign up click here U.S. President Joe Biden speaks to reporters before departing for Newark, New Jersey from the Delaware Air National Guard Base, New Castle, Delaware, U.S., October 25, 2021. Jonathan Ernst | Reuters WASHINGTON – As President Joe Biden prepares to depart......

Dread going back to the office? Therapists share tips on how to readjust

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CNBC – For more and to sign up click here Luis Alvarez | DigitalVision | Getty Images After some 18 months of remote work, more and more companies are bringing their employees back into the office. Many workers have mixed and complicated feelings about the change. “Returning back to the......

Bezos’ Blue Origin unveils private space station ‘business park’ to be deployed later this decade

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CNBC – For more and to sign up click here A rendering of the “Ocean Reef” space station in orbit. Blue Origin WASHINGTON – Jeff Bezos’ Blue Origin on Monday unveiled its plan for a private space station called “Orbital Reef,” which it will build in partnership with multiple space......

Allbirds targets a more than $2 billion valuation in upcoming IPO

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CNBC – For more and to sign up click here Allbirds shoes consist of wool, and the laces consist of recycled plastic bottles. Source: Allbirds Allbirds is targeting a valuation of as much as $2.2 billion in its initial public offering, the company said Monday in a regulatory filing. Its......

Moderna says its Covid vaccine generates strong immune response in 6- to 11-year-olds

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CNBC – For more and to sign up click here With her husband Stephen by her side Erin Shih hugs her children Avery 6, and Aidan, 11, after they got their second Moderna COVID-19 vaccines at Kaiser Permanente Los Angeles Medical Center on Friday, June 25, 2021. Sarah Reingewirtz |......

Rocket builder ABL raises $200 million, increasing valuation to $2.4 billion

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CNBC – For more and to sign up click here An RS1 rocket booster is shipped out of the company’s headquarters in El Segundo, California. ABL Space Rocket builder ABL Space on Monday announced the close of a $200 million round of funding from existing investors, bumping the private company’s......

Tesla shares rise after Hertz says it will buy 100,000 electric vehicles

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CNBC – For more and to sign up click here Close up of Tesla logo on a charger at a Supercharger rapid battery charging station for the electric vehicle company Tesla Motors, in the Silicon Valley town of Mountain View, California, August 24, 2016. Smith Collection/Gado | Archive Photos |......

Amazon says it’s prepared for supply chain snarls as holidays loom

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CNBC – For more and to sign up click here Amazon fulfillment center in Eastvale, California on Tuesday, Aug. 31, 2021. MediaNews Group/The Riverside Press-Enterprise via Getty Images | MediaNews Group | Getty Images Amazon on Monday reassured shoppers and industry watchers that it’s well-prepared to avoid supply chain challenges......

Facebook shares under pressure following release of leaked whistleblower documents

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CNBC – For more and to sign up click here Mark Zuckerberg, chief executive officer and founder of Facebook Inc., arrives for a House Financial Services Committee hearing in Washington, D.C., Oct. 23, 2019. Andrew Harrer | Bloomberg | Getty Images The Facebook Papers, a series of articles published by......

Mastercard says any bank or merchant on its vast network can soon offer crypto services

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CNBC – For more and to sign up click here Mastercard credit cards Roberto Machado Noa/ LightRocket via Getty Images The crypto economy is about to expand. Mastercard is preparing to announce that any of the thousands of banks and millions of merchants on its payments network can soon integrate......

Burger King parent earnings beat but labor challenges weigh on sales

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CNBC – For more and to sign up click here A Burger King restaurant seen in Milton, Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Restaurant Brands International on Monday reported quarterly earnings that topped Wall Street’s expectations, but its revenue fell short as labor challenges weighed on sales.......

Stocks making the biggest moves in the premarket: Pinterest, PayPal, Tesla and more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Pinterest (PINS) – Pinterest shares tumbled 13.2% in premarket trading after PayPal (PYPL) said it was not pursuing an acquisition of the social media company at this time.......

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