eric1513 | iStock | Getty Images Things are looking up for the 44 million Americans saddled with student loans. President Joe Biden has said he supports cancelling $10,000 in student loans per borrower. Facing pressure from other Democrats, progressives and borrowers, Biden has also now asked his education secretary to prepare a memo on his
Month: April 2021
President Joe Biden attends the Democratic National Committee’s “Back on Track” drive-in car rally to celebrate his 100th day in office at the Infinite Energy Center in Duluth, Georgia, April 29, 2021. Evelyn Hockstein | Reuters People who earn more than $400,000 would be subject to the 3.8% Medicare tax, if President Joe Biden’s new
Leon Cooperman at the 2019 Delivering Alpa conference in New York on Sept. 19. 2019. Adam Jeffery | CNBC Billionaire investor Leon Cooperman told CNBC on Friday he expects the stock market will be lower than current levels one year from now. Cooperman’s comments came one day after the S&P 500 notched yet another record close
The list of places that’s welcoming vaccinated people is growing by the week. Proof of vaccines is easing travel restrictions to some places, and is the only way travelers can gain entrance to others. Yet from health forms to testing protocols, travel remains complicated even for the immunized. Rules differ from one country to the
zhongguo Sustainability-focused funds attracted record inflows during the first quarter, pushing global assets under management in ESG funds to nearly $2 trillion, according to a report from Morningstar released Friday. The rise underscores the momentum behind ESG investing, or when environmental, social and governance factors are considered. Assets in these types of funds first topped
Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. Johannes Eisele | AFP | Getty Images Warren Buffett will kick off Berkshire Hathaway‘s annual shareholder meeting this Saturday riding high, with shares of the conglomerate at a record and its
In this article KSS TGT WMT AMZN Amazon Prime delivery vans sit parked near a Walmart store on September 03, 2020 in Richmond, California. Justin Sullivan | Getty Images Amazon on Thursday confirmed that its annual Prime Day deals event will be shifting earlier this year, as the e-commerce giant looks to boost spending in
Paying for college was a problem even before the Covid pandemic. Now, with families under increased financial strain and a higher education more expensive than ever, some parents of college-bound students have reached a breaking point. Most have to borrow to pay for much of the cost of their degree. That has already propelled student loan
In this article PLTR Alex Karp, CEO of Palantir arrives ahead of a “Tech For Good” meetup at Hotel Marigny in Paris on May 15, 2019, held to discuss good conduct for technology giants. Bertrand Guay | AFP | Getty Images Palantir CEO Alex Karp earned compensation worth about $1.1 billion in 2020, primarily through
In this article DARK-GB A Darktrace cybersecurity software demonstration shows how a global problem can start with just one employee’s work station. Michael S. Williamson | The Washington Post | Getty Images LONDON — British cybersecurity start-up Darktrace saw its shares surge as much as 43% in its highly-anticipated London debut Friday. The company priced
In this article AMZN Amazon logo seen displayed on a smartphone. Igor Golovniov | SOPA Images | LightRocket | Getty Images Amazon‘s ads business grew at an astonishing pace in the first quarter. Amazon’s “other” unit, which is primarily made up of advertising but also includes sales related to other service offerings , grew revenue
Kevin De Bruyne of Manchester City celebrates after scoring their team’s fifth goal with team mates Phil Foden and Riyad Mahrez during the Premier League match between Manchester City and Southampton at Etihad Stadium on March 10, 2021 in Manchester, England. Clive Brunskill | Getty Images Sport | Getty Images LONDON — While the soccer
President Joe Biden addresses a joint session of Congress at the U.S. Capitol in Washington, DC, U.S. April 28, 2021. Melina Mara | Reuters President Joe Biden has unveiled a plan for higher taxes on inherited homes to help fund the $1.8 trillion American Families Plan. The proposal would tax inherited property gains at death,
President Joe Biden speaks during a joint session of Congress at the U.S. Capitol in Washington on Wednesday, April 28, 2021. Bloomberg | Bloomberg | Getty Images Taxes may soon be going up for the wealthy. President Joe Biden aims to fund expanded education, child care, paid leave and other reforms by collecting more tax
In this article CRUS X SWKS WDC FSLR GILD AMZN TWTR The Twitter App loads on an iPhone in this illustration photograph taken in Los Angeles, California. Mike Blake | Reuters Check out the companies making headlines after the bell on Thursday: Twitter — Shares of the social media giant fell 9.4% after the company’s
In this article AMZN Jeff Bezos, founder of Amazon Katherine Taylor | Reuters Amazon is set to report first quarter earnings after the bell Thursday. Here’s what analysts are expecting: Earnings: $9.54 per share, according to Refinitiv Revenue: $104.47 billion, according to Refinitiv Few companies have benefited from the pandemic-fueled surge of online shopping as
In this article MO A Philip Morris Marlboro brand cigarette burns in an ashtray for this arranged photograph in Tiskilwa, Illinois, on Wednesday, July 12, 2017. Daniel Acker | Bloomberg | Getty Images Altria first-quarter earnings declined as revenue fell short of estimates as cigarette shipments continue to decline. The parent of Marlboro cigarettes has been
FatCamera | E+ | Getty Images A temporary federal policy aimed at making health insurance more affordable for tens of millions of Americans could become permanent. Under President Joe Biden’s $1.8 trillion plan to help families and children, which he will propose to Congress on Wednesday night, he would permanently extend recently expanded premium subsidies
President Biden delivers remarks on the COVID-19 response and the state of vaccinations at the South Court Auditorium of Eisenhower Executive Office Building on April 21, 2021 in Washington. Alex Wong | Getty Images As home prices soar, some sellers in red-hot markets may face a costly surprise come tax time. President Joe Biden will
Facebook co-founder Chris Hughes told CNBC on Wednesday he believes the U.S. government should take a more active role in building an economic system that delivers broad prosperity. In an interview on “Squawk Box,” Hughes said the new kind of capitalism he envisions is hardly an outlier position following decades of widening disparities between rich and
A coal fired power plant in Jiayuguan, Gansu province, China, on Thursday, April 1, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — China has ambitious goals for cutting its carbon emissions, but it won’t be abandoning coal power anytime soon as it keeps its eye firmly on economic targets. President Xi Jinping said
In this article F Ford CEO Jim Farley takes off his mask at the Ford Built for America event at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT – Ford Motor is expected Wednesday to report a profit for the first quarter despite an ongoing semiconductor
It’s one of the biggest thefts in history. More than $4 billion from Malaysian’s state-owned investment fund was siphoned off and the money spent on items including a private jet, a super-yacht, mansions and even Hollywood movie The Wolf of Wall Street. The 1MDB corruption scandal toppled the Malaysian government and set off investigations across
Boxes containing vials of the Moderna Covid-19 vaccine are stored at the Kedren Community Health Center on January 25, 2021 in Los Angeles, California. Patrick T. Fallon | AFP | Getty Images Moderna‘s Covid-19 vaccine can remain stable at temperatures found in refrigerators for 3 months, the company said Thursday, citing new data. The mRNA
President Joe Biden speaks in the Eisenhower Executive Office Building in Washington, D.C., on Wednesday, April 7, 2021. Leigh Vogel | Bloomberg | Getty Images President Joe Biden will formally unveil his new tax plan during his first presidential address on Wednesday that includes a key campaign promise — no one making $400,000 or less
As part of a massive new spending package, President Joe Biden is calling on Congress to enact legislation to allow students to enroll in community college at no cost. The administration’s American Families Plan calls for $109 billion to make two years of community college free for all students in addition to a roughly $85-billion
In this article ENPH Solaray Director Jonathan Fisk moves a solar panel at the solar power installation company’s Sydney facility. Jason Reed | Reuters Shares of Enphase Energy dipped more than 14% on Wednesday after the company warned about the ongoing impacts of the chip shortage. For the first quarter the company, which makes microinverters
Ether, the second largest cryptocurrency by market value after bitcoin, hit a record high on Wednesday – but despite its rally, “it’s always going to be No. 2” next to bitcoin, investor Kevin O’Leary tells CNBC Make It. “I just believe that to be the case. Bitcoin will always be the ‘gold.’ Ethereum will always
Drew Angerer | Getty Images News | Getty Images Investors fearful of President Joe Biden’s proposal to raise taxes on capital gains might be thinking about making a knee-jerk stock sale. Doing so may inadvertently trigger another investment tax, according to financial advisors. And it’s one that kicks in at a low level of income
Tim Cook, CEO of Apple, speaks during an Apple Event on April 20th, 2021. Source: Apple Inc. Apple reports its second fiscal quarter earnings on Wednesday after markets close. Here’s what Wall Street expects, per Refinitiv consensus estimates: Earnings: 99 cents per share Revenue: $77.36 billion The company is coming off of its biggest quarter
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