Pandemic travel restrictions have limited many travelers to staycations, and others are simply too nervous to get back on a plane. But there are still plenty of opportunities for adventure on the road. The road trip has undoubtedly seen a revival during the pandemic, and it’s the perfect way to explore the countryside for rich
Month: October 2020
The logo of Swiss banking giant UBS engraved on the wall is seen on its headquarters on May 8, 2019 in Zurich. Fabrice Coffrini | AFP | Getty Images LONDON — The world’s largest wealth manager, UBS, reported a net income of $2.1 billion for the third quarter on Tuesday, up 99% from the same
Wired senior staff writer Cade Metz and Arvind Krishna, then senior vice president and director at IBM Research, speak onstage at the Wired Business Conference in New York on June 16, 2016. Brian Ach | Wired | Getty Images Shares of IBM fell slightly in extended trading on Monday after the company released third-quarter earnings
High earners in New York and California could face combined federal and state tax rates of 62% under Democratic presidential nominee Joe Biden’s tax plan, according to tax experts. While Americans earning less than $400,000 would, on average, receive tax cuts under Biden’s plan, the highest earners would face double-digit increases in their official tax
Washington lawmakers are hard at work to see if they can come to a compromise this week to finalize the next coronavirus stimulus relief package. The numbers continue to be a sticking point House Democrats recently passed a $2.2 trillion updated HEROES Act. The White House has reportedly agreed to $1.8 trillion in aid, though
Getty Images, Drazen_ This year may be like no other, but if you’re an employee who receives equity compensation, you can’t ignore the importance of year-end financial planning to get the most out of that benefit. The end of the year is a great time to review what you’ve received or vested during the year.
CNBC’s Jim Cramer said on Monday that “we’re in some wacko market” because normally chasing stay-at-home stocks trading at off-the-charts multiples to sales would not make sense, but now the market is rewarding investors who do so. Cramer cited Zoom Video Communications at about 50 times sales and cloud company Snowflake at about 100 times
A customer shows purchased tickets for the Powerball lottery at a lotto store in San Bernardino County, California, January 9, 2016. Gene Blevins | Reuters If you’re one of those people who only buys a lottery ticket when the jackpot climbs into the stratosphere, you could be waiting a while. The Mega Millions jackpot for
Check out the companies making headlines midday Monday: Halliburton — Shares of the oil field producer popped 2% after the company reported better-than-expected earnings for the previous quarter. Halliburton earned 11 cents per share, topping a Refinitiv estimate 8 cents per share. Revenue, however, missed analyst expectations. American Airlines — American Airlines shares rose more
Medical workers deliver a patient to the Maimonides Medical Center on September 14, 2020 in the Brooklyn borough of New York City. Spencer Platt | Getty Images Coronavirus hospitalizations are growing in a majority of U.S. states as Dr. Anthony Fauci, the nation’s leading infectious disease expert, warns that the world is not yet “on
Trump and Biden would approach the student loan crisis very differently. Jim Watson | AFP | Getty Images Whether Donald Trump or Joe Biden wins the presidency may have a significant impact on the country’s 42 million student loan borrowers. Student loans have outpaced credit card and auto debt as a burden to Americans, and
Before building Salesforce into the multibillion-dollar cloud computing behemoth it is today, founder and CEO Marc Benioff experienced his share of ups and downs. One of the most challenging among them came early on, when the company was just a couple of years old, he said during a recent interview for LinkedIn’s “Hello Monday” podcast.
The Ant Group Co. logo and the Alibaba Group Holding Ltd. logo are displayed behind a reception desk at the company’s headquarters in Hangzhou, China, on Monday, Sept. 28, 2020. Qilai Shen | Bloomberg | Getty Images GUANGZHOU, China — Ant Group has won approval from the Chinese securities regulator for the Hong Kong leg
Cans of diet cola Tab brand soft drink produced by the Coca-Cola Company are displayed at a supermarket in the Brooklyn borough of New York, July 26, 2011. Ramin Talaie | Corbis Historical | Getty Images Coca-Cola said Friday that Tab, its first diet soda, is among the drinks headed for retirement as it trims
As if getting in to a top college wasn’t hard enough, Covid-19 adds a new challenge. Amid the coronavirus pandemic, many would-be freshmen have decided to postpone college rather than start their education online. As a result, colleges and universities are well below their enrollment numbers for the 2020-2021 academic year, a report shows. Overall,
Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC With earnings season gathering pace, now is the time to re-evaluate your portfolio. However, in such an unpredictable environment, investors need to be particularly savvy when making critical investing decisions. “Markets are now hoping for (and trading on) a smooth election, a big
Check out the companies making headlines before the bell: Pfizer, BioNTech – Pfizer Chairman and CEO Albert Bourla said the vaccine candidate under development by the two drug makers could be ready for an Emergency Use Authorization application by late November. Separately, Pfizer and BioNTech are scaling up manufacturing capability for their experimental coronavirus vaccine,
A member of the medical staff treats a patient suffering from the coronavirus disease (COVID-19) at the Intensive Care Unit (ICU) of the Slany Hospital in Slany, Czech Republic, October 13, 2020. David W. Cerny | Reuters The World Health Organization said Friday that Europe‘s coronavirus outbreak is “concerning” as the number of available intensive
The Volcker Rule: a central component of the Dodd-Frank financial reform bill and a key part of President Obama’s economic legacy. Here’s what it does to regulate Wall Street.
In mid-September, the envelope finally arrived. As Erin Madden opened it and pulled out the debit card with her unemployment benefits on it, all she could think about was the half a year she’d waited for this moment. She had come to feel it would never happen. “I almost didn’t believe that it had finally
Can preflight testing get people flying again? The International Air Transport Association (IATA) thinks so. Last month, the trade association, which represents some 290 airlines around the world, called for the “development and deployment of rapid, accurate, affordable, easy-to-operate, scalable and systematic” Covid-19 testing for all passengers as a way to restore passenger confidence, bypass
People wait in their cars as they line up to collect unemployment forms in Hialeah, Florida. CHANDAN KHANNA/AFP via Getty Images Millions of workers have lost their jobs — and their employer-sponsored health insurance — due to the coronavirus pandemic. But other options are available to those who lose health coverage. These include Medicaid, an
Ford is beginning production on the latest version of its F-150 full-size pickup truck, which is the bestselling vehicle in the United States and a crucial product for the automaker. Ford’s F-Series lineup of full-size trucks is the industry’s leading truck brand, and the F-150 makes up the lion’s share of sales. It has been
Morsa Images | DigitalVision | Getty Images Chances are, you aren’t seriously thinking about how to pay for long-term care when you are older. Most people only think about it at two points in their lives: when their parents need it or when they start to get much older and realize they need to have
After weeks of negotiating a stimulus package, Congress remains at an impasse. Although President Trump on Thursday said he would “go higher” than the $1.8 trillion he offered in his aid proposal, his administration has yet to reach an agreement with House Democrats, who recently passed a $2.2 trillion measure. Complicating matters, Senate Republicans have
Integrated circuits on a circuit board. The semiconductor industry has been in focus during the U.S.-China trade war. filonmar | E+ | Getty Images Company: ON Semiconductor Corp (ON) Business: A premier semiconductor company that focuses on power and sensor products. ON Semi’s segments include (i) Power Solutions Group, which offers a range of discrete,
ByteDance Ltd.’s TikTok website is displayed on a smartphone in an arranged photograph. Andrew Harrer | Bloomberg | Getty Images Social media has long been used by toy companies to reach kids, but as the coronavirus pandemic has taken play dates and recess off the table, apps like TikTok have become more important than ever.
Ever been stuck in an airport, parched and hungry? You’ve already spent a fortune on tickets and baggage fees, and somehow you end up buying a giant Toblerone and a $5 water. You’re not alone. Spending in airports hit $40 billion in 2017. On average, travelers will spend anywhere from $11 and $140 per airport
Rep. Peter DeFazio, D-Ore. Sarah Silbiger | CQ-Roll Call Group | Getty Images Americans are hurting financially amid the Covid-19 pandemic, and that includes the nation’s seniors. Now, two House Democratic lawmakers are hoping to help retirees with a bill to increase next year’s Social Security cost-of-living adjustment. Rep. Peter DeFazio, D-Ore., is introducing a
Wealthy families are racing to change their estate plans and pass hundreds of billions of dollars to their kids in the event of a Biden victory in November, according to attorneys and tax advisors to the wealthy. With the odds growing of a Biden win and possible blue wave, millionaire and billionaire families are speeding
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