Month: March 2021

IronHeart | Moment | Getty Images Extra unemployment benefits offered by the American Rescue Plan may not arrive until mid-April or later, the U.S. Department of Labor said Monday. The $1.9 trillion Covid relief bill, which President Joe Biden signed Thursday, extended jobless aid to Labor Day and continued a $300 weekly enhancement to benefits.
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Sotheby’s is joining the nonfungible token craze through a collaboration with digital artist Pak. “We’ve been following the NFT space for some time,” Sotheby’s CEO Charles Stewart said Tuesday on CNBC’s “Squawk Box,” where he announced the auction house’s partnership with Pak. The upcoming sale is set to launch next month. “This is new for
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A man walks near the New York Stock Exchange (NYSE) on August 31, 2020 at Wall Street in New York City. Angela Weiss | AFP | Getty Images U.S. stock futures were flat in overnight trading as investors await the outcome from the Federal Reserve’s two-day policy meeting and comments from Fed Chair Jerome Powell
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Bill Ackman, founder and CEO of Pershing Square Capital Management. Cameron Costa | CNBC Billionaire investor Bill Ackman said Monday he donated his entire stake in Coupang — worth more than $1 billion — to charity following the South Korean e-commerce company’s IPO last week. Ackman, who runs the Pershing Square Capital Management hedge fund,
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Credit Suisse’s Jonathan Golub is urging investors to get clever with recovery plays. He’s advocating a broad strategy that goes beyond reopening trades such as airlines and hotels. “It could be metals and mining companies. It could be machinery and industrial names. Chemical names,” the firm’s chief U.S. equity strategist and head of quantitative research
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Larry Culp, CEO, General Electric Scott Mlyn | CNBC General Electric stock surged more than 5% Monday as bullish analysts defended the company’s decision last week to sell its jet-leasing business to rival AerCap and new financial guidance. On Wednesday, the Boston-based conglomerate announced of the sale of GE Capital Aviation Services, or Gecas, the largest remaining asset
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Tetra Images | Tetra images | Getty Images The rules governing flexible spending accounts are temporarily more generous to workers, thanks to two pieces of legislation. The American Rescue Plan — the $1.9 trillion Covid-relief package signed into law on Thursday by President Joe Biden — boosts the amount that companies can let workers put
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The Leuthold Group’s Jim Paulsen has a message for investors: Don’t give up on Big Tech. According to the firm’s chief investment strategist, Nasdaq volatility associated with rising Treasury Note yields may not be enough to permanently derail its two decade leadership cycle. “It’s quite a coincidence that that same peak we had three weeks
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