In this article NCLH The Norwegian Cruise Line Holdings Ltd. Jewel, right, and Regent Seven Seas Cruises Inc. Splendor ships sit idle near the Port of Los Angeles and Port of Long Beach in Long Beach, California, U.S., on Monday, April 13, 2020. Tim Rhue | Bloomberg | Getty Images Norwegian Cruise Line announced Wednesday
Month: April 2021
Al Drago | Getty Images President Joe Biden is expected to pitch a higher capital gains tax this week to raise funds for his economic agenda. But the policy would lose the U.S. billions in revenue if it doesn’t also scrap a tax break for heirs, according to a new analysis. Eliminating that tax break
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images GameStop‘s stock price climbed in extended trading Monday after the video game retailer said it sold 3.5 million additional shares, raising $551 million to speed up the company’s e-commerce transformation. The stock, favored
A general meeting of Deutsche Bank Arne Dedert | picture alliance | Getty Images LONDON — Deutsche Bank on Wednesday reported a 908 million euro ($1.1 billion) profit for the first quarter, buoyed by continued strong performance in its investment banking division. The bank vastly exceeded analyst expectations for net income of 642.95 million euros,
In this article MSFT Microsoft shares moved 3% lower in extended trading Tuesday after the software maker announced fiscal third-quarter earnings and quarterly revenue guidance that came in stronger than analysts had expected. The company’s operating margin narrowed somewhat as cloud became a larger part of its business. Here’s how the company did: Earnings: $1.95
In this article SBUX Starbucks’ president and CEO Kevin Johnson speaks during a press conference in Shanghai on August 2, 2018. AFP | Getty Images Starbucks is expected to report its fiscal second-quarter earnings after the bell on Tuesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 53 cents expected
FatCamera Retirees concerned about inflation eroding the value of their money may want to consider hedging against the possibility. Treasury inflation-protected securities, or TIPS, could be an appropriate option. Like typical Treasury bonds, TIPS are issued and backed by the U.S. government. However, they operate a bit differently. And depending on how you use them,
CNBC’s Jim Cramer on Tuesday expressed some disappointment in Tesla‘s first-quarter earnings report and subsequent conference call. “I have to be somewhat critical. This was not the blowout quarter,” Cramer said on “Squawk on the Street,” describing the numbers released Monday by the electric vehicle maker as “very good” relative to certain industry peers. He
BET founder Robert Johnson told CNBC on Tuesday he hopes corporate America will support efforts that boost Black Americans’ access to capital with the same vigor as many companies recently did around voting access. Johnson’s comments on “Squawk Box” came one day after the entrepreneur went public with a proposal that would give preferential tax
MoMo Productions | DigitalVision | Getty Images A House bill proposed Tuesday aims to make recent enhancements to the child tax credit permanent. Rep. Richard Neal, D-Mass., chairman of the House Ways and Means Committee and gatekeeper of new tax legislation, issued a bill that would codify changes made by the recent $1.9 trillion American
In this article GOOGL Sundar Pichai, chief executive officer of Google Inc. Bloomberg | Getty Images Alphabet is set to report first quarter earnings after the bell Tuesday. Here’s what Wall Street is expecting: Earnings: $15.82 per share, according to Refinitiv Revenue: $51.70 billion, according to Refinitiv Google Cloud revenue: $4.07 billion, according to FactSet estimates
Many runners were seen not wearing masks as they went on their runs along the Esplanade, the Mass. Ave. Bridge and Memorial Drive in Cambridge. John Tlumacki | Boston Globe | Getty Images The Centers for Disease Control and Prevention revised its public health guidance Tuesday, saying fully vaccinated people can exercise and attend small
In this article CSGH Narisara Nami | Moment | Getty Images Young investors are piling into stocks. Yet before you follow their lead, there are several things you should do first. Otherwise, you could get burned. “Sometimes the shiny object or the stock that is being flashed around the screen or talked about on Twitter
Jeff Bezos and Elon Musk Getty Images Jeff Bezos‘ Blue Origin filed a protest with the Government Accountability Office against NASA on Monday, challenging the space agency’s award of a nearly $3 billion moon lander contract to Elon Musk’s SpaceX earlier this month. SpaceX, in a competition against Blue Origin and Leidos‘ subsidiary Dynetics, was
Being named to UNESCO’s World Heritage List often brings worldwide acclaim, tourist revenue and access to international funding and expertise. But there are strings attached. World Heritage sites are, in principle, inscribed “forever,” said Mechtild Rossler, director of the UNESCO World Heritage Centre, but countries have to do their part to protect and counteract
Pedestrians wearing protective masks walk past a logo displayed at a HSBC bank branch in the central district of Hong Kong. Roy Liu| Bloomberg | Getty Images HSBC, Europe’s largest lender by assets, reported first-quarter pre-tax profits that beat estimates but reported revenue was down. The London-headquartered bank, which makes most of its revenue in
In this article TSLA CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters Tesla is slated to report first-quarter earnings after the bell on Monday. Here’s what analysts are expecting, according to estimates compiled by Refinitiv: Earnings: 79
Jugyeom, or nine times roasted bamboo salt, sometimes also known as purple bamboo salt, can cost almost $100 for an 8.5-ounce jar. To make bamboo salt, sea salt must be repeatedly roasted inside of bamboo at temperatures over 800 degrees celsius. The goal is to enrich the salt with minerals and to reduce toxicity. But
In this article TSCO Many millennials are leaving dense urban centers to settle in more rural communities, and the relocation trend has been a boon for Tractor Supply, CEO Hal Lawton told CNBC Monday. “We’ve been gaining market share with our core customer, but also with the new customer: the millennial customer,” Lawton said in
In this article IRSA3-AR Audrey Saracco / EyeEm If you’re still waiting on your $1,400 stimulus check, it could be in the mail. The government announced last week it had sent a sixth batch of stimulus checks. This time, that included more paper checks than direct deposit payments. Of the 2 million checks that were
A woman looks at a Basquiat painting titled “In This Case” that is coming up for auction at Christies, with an estimate of over $50 million. Source: Christie’s In a sign that the art market is flush with cash, a rare painting by Jean-Michel Basquiat is being auctioned off by Christie’s with an estimate of
President Joe Biden and First lady Jill Biden walk on the Ellipse near the White House on April 25, 2021. Tasos Katopodis | Getty Images News | Getty Images Roughly 75% of U.S. stock investors wouldn’t be subject to an increase in the capital-gains tax rate due to the types of accounts they own, according
A vial of AstraZeneca COVID-19 vaccine is seen with syringes at the Military Institute of Medicine hospital in Warsaw, Poland on March 25, 2021. Jaap Arriens | NurPhoto | Getty Images The United States will share 60 million doses of AstraZeneca‘s Covid-19 vaccine with other countries as coronavirus cases continue to spike worldwide, a top
In this article DBSM-SG UOBH-SG OCBC-SG .STI View of the Singapore Central Business District. Suhaimi Abdullah | Getty Images News | Getty Images SINGAPORE — Singapore’s three largest banks are expected to report improved earnings as the global economy recovers from the Covid-19 pandemic, said analysts. The banks are scheduled to release first-quarter earnings
Director/Producer Chloe Zhao, winner of Best Picture for “Nomadland,” poses in the press room at the Oscars on Sunday, April 25, 2021, at Union Station in Los Angeles. Pool | Getty Images Entertainment | Getty Images Chloe Zhao made history at the Academy Awards on Sunday. The director of “Nomadland” is the second woman to
Real estate agents Rosa Arrigo, center, and Elisa Rosen, right, work an open house in West Hempstead, New York on April 18, 2021. Newsday LLC | Newsday | Getty Images In this red-hot real estate market, it’s tough for buyers to land a deal. Supply is low, which is pushing prices higher. The median price
A sign is posted in front of the NVIDIA headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan/Getty Images With COVID-19 cases surging again around the world as well as growing concerns about the economic reopening, navigating the current financial landscape can be challenging. In this case, the key is to look for
A beachfront residence is seen in East Hampton, New York. Jeffrey Basinger | Reuters A home in the Hamptons rented for $2 million for the summer, as demand far outstrips a record low supply of homes for sale and for rent, according to brokers. The number of homes listed for sale in the Hamptons plunged
Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE Futures contracts tied to the major U.S. stock indexes ticked higher at the start of the overnight session as investors prepared to end a down week for equities amid concerns the White House could seek a hike to the
Along with Clorox wipes and toilet paper, the demand for backyard swimming pools has skyrocketed since the start of the pandemic. Across the country, swimming pool and hot tub suppliers struggled to meet a sudden wave of demand. But putting in a pool is a pricey proposition, and not everyone who wanted to swim could
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