Berkeley & Ross Journal -

Streets in Tianjin, China, empty out on Jan. 10, 2022, as the city enters partial lockdown following a spike in omicron cases.Geno Hou | Future Publishing | Getty ImagesCovid lockdowns, quarantines and restrictions are causing a backlog in some of China's major ports, resulting in "chaos" and pushing up air freights by as much as 50% in some cases, analysts tell CNBC.Ahead of the extended Lunar New Year holiday in China, air freight rates have spiked and some shipping firms have suspended services, putting the spotlight…

Peloton Interactive Inc. stationary bicycles sit on display at the company's showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019.Jeenah Moon | Bloomberg | Getty ImagesWarning: This article includes some spoilers for the Season 6 premiere of "Billions."The hits just keep coming for Peloton.Capping off a turbulent week for the connected fitness company, which entailed shares plummeting as Peloton said it is considering layoffs and planning to "right-size" production levels as demand for its equipment…

shironosov | iStock | Getty ImagesBefore eventually moving to California, the grandson of one of interior designer Phyllis Harbinger's wealthy clients who had just graduated from college opted to rent furniture rather than buy it for an apartment he and his girlfriend had found in the New York area."They said, 'We don't know what we want to do. We don't want to be married to anything and we want to be sustainable,'" said Harbinger, who is the assistant chairperson of the Interior Design Department at Fashion Institute of…

The cab to a Ford all-electric F-150 Lightning truck prototype is seen on an automated guided vehicle (AGV) at the Rouge Electric Vehicle Center in Dearborn, Michigan, September 16, 2021.Rebecca Cook | ReutersDetroit's automakers have brought a surprisingly conservative financial strategy to making EVs the next vehicle of choice for American consumers.They're paying cash.General Motors and Ford are investing $65 billion between them – $35 billion at GM and $30 billion for Ford – and, so far, don't propose to borrow any of…

Dylan Sadiq, known as "The College Cuber" charges $8,000 for his mosaics made of cubes. Pro teams including the NBA's Detroit Pistons have purchased the artwork.Courtesy: Dylan Sadiq | The College CuberIt started with a portrait of his favorite basketball player, Luka Doncic. Then came fellow NBA star Damian Lillard. International soccer clubs like Manchester United and FC Barcelona took notice. A Major League Baseball team reached out, as did the National Football League.Before he knew it, Dylan Sadiq was inundated with…

It's been well over a year since a landmark proposal brought the issue of patent waiver for the mRNA Covid vaccine to the spotlight. But many observers don't see that waiving the intellectual property (IP) rights on Covid vaccines is an effective way to put a stop to the pandemic.Supporters of patent waivers like Harsha Thirumurthy, associate professor of medical ethics and health policy at the University of Pennsylvania, argue the issue lies at the heart of the reason why vaccines are less accessible in lower-income…

CNBC's Jim Cramer said Friday he views the sell-off in Disney as a buying opportunity for investors.Shares of the media and entertainment giant fell 6.94%, hitting a fresh 52-week low during the session. However, the "Mad Money" host said he would not shy away from the stock because its steep decline appeared tied to Netflix's forecast of slowing subscriber growth.Netflix's outlook — offered Thursday night when the company reported earnings — spooked investors, and the company's shares plunged 21.8% Friday."I want to own…