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The Planet Money indicator: NPR

Chris Delmas / AFP via Getty Images Chris Delmas / AFP via Getty Images On June 22, President Trump issued an executive order to restrict access to the United States for certain types of immigrants and temporary foreign workers. future immigrants – not those already here, or those who were already allowed to move here. Surprisingly, the order has targeted …

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Lyft joins Uber by threatening to withdraw from California for driver status

Lyft said it would close operations in California if forced to classify drivers as employees, company executives said in an earnings call with investors on Wednesday. Lyft joins Uber by threatening to withdraw from one of its major US markets over the issue of drivers’ employment status. At issue is the classification of drivers making the switch as independent contractors, …

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Stock futures open little change, stopping after the rally posts the S&P 500

Equity futures opened flat on Wednesday evening, with the three major indices trying to stall after a strong rally earlier in the day. During the regular session, the S&P 500 briefly surpassed its record close of 3,386.15 since February 19 before ending just below that level. The information technology, healthcare and consumer discretionary sectors led the 1.4% progress of the …

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Cisco shares drop 6% on tepid earnings forecasts, drop in revenues; CFO to retire

Cisco Systems Inc. reported financial results largely in line with Wall Street estimates, but another drop in revenue and weak earnings guidance overshadowed the stock in Wednesday’s after-hours trading. The company also announced the retirement of longtime CFO Kelly Kramer once it found a successor. The maker of network services, video conferencing tools, and security software reported fourth-quarter net income …

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Tesla shares rise the day after the announcement of the share split

Tesla Motors CEO Elon Musk reacts following the company’s initial public offering to the NASDAQ market in New York, June 29, 2010 Brendan McDermid | Reuters Tesla shares closed 13.12% higher on Wednesday as investors continued to rise on the announcement of the company’s five-for-one stock split. The division does not change anything fundamental on the title. Lower the cost …

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The Jeep Gladiator Farout diesel pickup lives up to its name

Jeep wants to make one thing clear: the new diesel-powered Gladiator pickup can do a lot. To bring the point home he created the Gladiator Farout Concept, a custom truck designed for long distance adventure. Built as a showcase for the annual Moab Easter Jeep Safari off-road event in Utah, which was canceled this year due to the coronavirus pandemic, …

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