PeopleImages You might want to buckle up for this tax season. Whether due to pandemic-related relief, remote work or no work, individuals may find that preparing their 2020 taxes is a bigger challenge than usual. “I think it’s going to be much more complicated,” said Julio Gonzalez, CEO of Engineered Tax Services. This year, the
Month: February 2021
Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016. Heidi Gutman | CNBC Company: Bausch Health Companies Inc. (BHC) Bausch Health Companies Inc, formerly Valeant Pharmaceuticals International Inc, is a Canada-based company that develops, manufactures and markets a range of branded and generic pharmaceuticals, medical devices and over-the-counter
Americans have opened their wallets in response to crises like Covid-19 and racial injustice, according to the most recent data from the Association of Fundraising Professionals. The organization reports a 7.6% increase in the amount donated through the first nine months of 2020. Leading the surge: smaller contributions of $250 or less. At the same time,
Samuel Corum/Bloomberg via Getty Images Many Americans will get an unwelcome surprise this tax season: the realization they were victims of unemployment fraud. Millions of workers have collected jobless benefits during the Covid pandemic. They must pay taxes on that aid. But criminals have stolen identities en masse to collect benefits in others’ names, according
The biggest source of growth for Coca-Cola over the next few years will likely be the zero-sugar version of the company’s namesake soda. “Actually, the best growth driver in ’21 and probably for the few years is probably going to be Coke Zero Sugar,” Coke CEO James Quincey said in an interview that aired Friday
Sarah Casillas | DigitalVision | Getty Images A new coronavirus relief bill could give millions of Americans $1,400 stimulus checks. Congress is poised to pass the legislation in March, at which point individuals and families could see the money in the following days or weeks. But as negotiations continue, one argument has surfaced: Is the
Elon Musk’s SpaceX is now worth $74 billion after it raised more capital last week – and the strong demand for shares means many investors believe the company’s two ambitious projects will drive that valuation even higher. The company’s valuation jumped 60% from its previous capital raise, which was just six months ago. And SpaceX’s
What is financial literacy? Diane Morais, president of consumer and commercial banking products at Ally Bank, described financial literacy as the ability to understand and effectively use financial skills such as personal financial management, budgeting and investing. “Financial literacy for kids is about ensuring that your child is educated on the best way to manage
New York Federal Reserve President John Williams said Friday that high prices for stocks and other assets are justified in light of a growing economy and low interest rate landscape. With stocks pushing to new heights on valuations not seen in decades, and as corporate bond yields plunge, the central bank official said he’s not
People wearing protective masks wait in line to receive a dose of the Pfizer-BioNTech Covid-19 vaccine at a large scale vaccination site in Sacramento, California, on Thursday, Feb. 4, 2021. David Paul Morris | Bloomberg | Getty Images Scientists and health officials told Congress Friday the federal government needs to ramp up its supply of
Millions of Hindu worshippers start every day with a ritual offering of flowers. Temples dump those flowers into the Ganges, adding harmful chemicals and pesticides to a river that’s a lifeline for over 400 million people. Phool, an Indian startup, collects the discarded flowers and transforms them into handmade incense sticks. MORE WORLD WIDE WASTE:
Bloomberg explores how the rising cost of Hong Kong Island is pushing travellers across Victoria Harbour to stay and explore Tsim Sha Tsui. Video by Angus Bennett & Robin Fall
Urbazon | E+ | Getty Images There is a lot to deal with when a loved one passes away. On top of the emotional aspect of handling death, there is the financial stuff — which would include any Social Security benefits the deceased was receiving. You may wonder how the government knows to stop sending
Ken Griffin speaking at the 2018 Delivering Alpha Conference in New York on July 18th, 2018. David A. Grogan | CNBC Ken Griffin, the billionaire CEO of hedge fund Citadel, defended his $2 billion investment in short seller Gabe Plotkin’s Melvin Capital last month amid the height of the GameStop mania. “No, I think Gabe
Anthony Wood David Orrell | CNBC Roku CEO Anthony Wood has sold more than $270 million worth of shares in the company so far this year — that’s more in the first seven weeks of the year than he sold in all of 2020, according to securities filings. All sales were conducted under a pre-determined trading
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland Januar 22, 2020. Arnd Wiegmann | Reuters Check out the companies making headlines in midday trading. Applied Materials — Shares of the chipmaker jumped more than 7% after Applied Materials beat estimates during the fourth quarter and issued upbeat comments for the
In this Friday, May 1, 2020, photo, a worker leaves the Tyson Foods plant in Waterloo, Iowa. Charlie Neibergall | AP In the hunt to gain access to Covid vaccines, large employers like Tyson Foods are faring no better than a lot of individual Americans. Tight supplies are leaving them mostly waiting. The meat processing
Buket Topal | iStock | Getty Images Don’t be surprised if filling your car’s tank at the pump keeps gobbling up a growing portion of your budget. Amid already rising gasoline prices, the average price you pay for per gallon could jump over the next couple of weeks, according to GasBuddy.com. On top of elevated
Outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. Jonathan Ernst | Reuters Treasury Secretary Janet Yellen told CNBC on Thursday that there could be parts of the U.S. stock market in which investors should exercise caution. In an
Another 20 companies joined The Climate Pledge, a public commitment to “go green” launched by Amazon and Jeff Bezos in 2019. Including the new signatories announced Wednesday, there are 53 companies in 12 countries that have joined. The most high profile company of the latest group is IMB. It announced Tuesday its agenda to hit
The second dose of Covid-19 vaccine is crucial in creating longer and complete immunity as well as preventing variants of the virus, according to Dr. Paul Offit, director of the Vaccine Education Center at Children’s Hospital of Philadelphia. “We need to know that this is a two-dose vaccine, period,” Offit told CNBC’s “The News with Shepard
An Amazon worker delivers packages amid the coronavirus disease (COVID-19) outbreak in Denver, Colorado, April 22, 2020. Kevin Mohatt | Reuters Delivery costs have been rising across the country and are expected to continue as the pandemic drags on, creating a serious headwind for retailers, according to a report by Jefferies. “The recent growth in shipping
Hill Street Studios | DigitalVision | Getty Images As Congress works to hammer out a deal for a new coronavirus relief bill, that could mean new stimulus checks for millions of Americans. New $1,400 direct payments are among the aid expected to be included in the package. The proposal also includes other measures to help
Sen. Angus King, I-Maine, at the announcement of the $900 billion Covid-19 relief bill on Capitol Hill on Dec. 1, 2020. Tasos Katopodis | Getty Images News | Getty Images The IRS may not have extended the deadline for Americans to file their tax returns as they did last year, but chances are millions of
Bill Gates told CNBC the Reddit-fueled trading mania in GameStop and other stocks was reminiscent of betting at a casino and not investing. The billionaire philanthropist and tech entrepreneur’s comments ran Thursday on “Squawk Box,” hours before the House Financial Services Committee holds a hearing on the GameStop short squeeze that was sparked last month.
If humanity can successfully mitigate climate change, “[i]t’ll be the most amazing thing mankind has ever done,” according to Bill Gates. It will take an “all-out effort, you know, like a world war, but it’s us against greenhouse gases,” Gates told Anderson Cooper on Sunday’s “60 Minutes” episode. Gates is relentlessly optimistic. “There are days
A worker wearing a protective mask arranges shopping carts outside a Walmart store in Duarte, California, U.S., on Thursday, Nov. 12, 2020. David Swanson | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Walmart — Shares of the big box retailer dropped more than 5% after disappointing quarterly earnings. Walmart
A worker wearing a protective mask arranges shopping carts outside a Walmart store in Duarte, California, U.S., on Thursday, Nov. 12, 2020. David Swanson | Bloomberg | Getty Images Walmart is set to report its fiscal fourth-quarter earnings before the bell on Thursday. Here’s what Wall Street is expecting: Earnings per share: $1.50 expected, according
A worker is seen wearing a mask while organizing merchandise at a Walmart store, in North Brunswick, New Jersey, July 20, 2020. Eduardo Munoz | Reuters Walmart announced Thursday it will raise pay for workers to an average above $15 an hour, giving a boost to 425,000 employees. Walmart said its minimum starting wage for
President Joe Biden participates in a CNN town hall in Milwaukee on Feb. 16, 2021. Leah Millis | Reuters President Joe Biden has essentially ruled out canceling $50,000 in student debt per person —disappointing some student borrowers who were counting on that help. “I didn’t have my hopes up,” said Joshira Maduro, 30. The research
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