In this article 9988-HK A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. Aly Song | Reuters GUANGZHOU, China — Alibaba shares in Hong Kong jumped nearly 4% at the open on Tuesday after regulators ordered the e-commerce giant’s
Month: April 2021
Papyrus paper originated in ancient Egypt. Today, just one village still makes the paper, but after a year without tourists, workers are struggling to keep their doors open. Saied and Atef sell their products locally in Egypt. MORE STILL STANDING VIDEOS: How One Of The Last Dye Houses In Egypt Keeps Ancient Hand Dyeing Alive
In this article CMG DRI CNBC’s Jim Cramer on Monday revealed a list of stocks he expects will benefit from the “last man standing scenario.” “After a year of carnage, big businesses with deep pockets are triumphing over their smaller competitors who didn’t make it,” the “Mad Money” host said. The scenario will play out
In this article .COVID19 The number of colleges and universities that will require students be fully vaccinated against Covid-19 is suddenly escalating. In just the last few days, Duke University, Brown, Northeastern University, the University of Notre Dame, Syracuse University and Ithaca College all announced that students returning to campus in the fall must be
In this article COIN Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch The pending Coinbase direct listing, scheduled for April 14th on the Nasdaq under the symbol COIN, is exciting a broad base of the investment community outside the usual cryptocurrency crowd. “Coinbase is
Asia continues to be the most expensive place in the world to be rich, according to a new report, which saw the region’s resilience to the Covid-19 pandemic hold high prices steady. The world’s most populous continent remained the most costly for high-and ultra-high net worth individuals (HNWIs) in Bank Julius Baer’s Global Wealth and
10’000 Hours Some states are requiring workers who received a federal tax break on unemployment benefits to file an amended tax return to get their refund. This largely applies to taxpayers who’d filed a federal and state tax return before the American Rescue Plan became law. That $1.9 trillion Covid relief measure waived federal tax
In this article F FORD General Motors employees work on the assembly line at Fairfax Assembly & Stamping Plant in Kansas City, Kansas. Jim Barcus for General Motors Clarence E. Brown has experienced union strikes, plant shutdowns and layoffs due to parts shortages during his 47 years working for General Motors. But Brown, president of
Jason York | Getty Images So you inherited a retirement account. Before you make any decisions on when and how to access the money, it’s worth familiarizing yourself with the rules that apply to different beneficiaries. The rules for these retirement plans can be complicated. Therefore, mistakes can be made, and depending on the specifics,
So you found a job you’re actually excited about, nailed the interview process, and received a callback with an offer. The bad news? It’s a lowball salary. I’ve seen this happen to so many job seekers, and while it’s unfortunate, I can tell you that a lowball salary doesn’t necessarily mean a lost cause. In
Federal Reserve Chairman Jerome Powell Kevin Lamarque | Reuters Despite what he sees as a rapidly recovering economy, Federal Reserve Chairman Jerome Powell on Sunday reaffirmed the central bank’s commitment to keep loose monetary policy on place. That includes a statement of near-certainty that interest rates won’t be going anywhere as inflation remains tame and
An Israeli health worker of the Maccabi Healthcare Services prepares to administer a dose of the Pfizer-BioNtech vaccine on February 24, 2021 in Tel Aviv. Jack Guez | AFP | Getty Images The coronavirus variant first discovered in South Africa is able to evade some of the protection of the Pfizer–BioNTech vaccine, according to a
antongvozdikov / 500px | 500Px Plus | Getty Images Some newlyweds get an unwelcome gift from the IRS: a bigger tax bill. While many couples end up paying less in taxes after tying the knot, some face a “marriage penalty” — that is, they end up paying more in taxes than if they had remained
Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Johannessen-Koppitz | Bloomberg | Getty Images The second quarter of 2021 is underway, and Wall Street analysts are reviewing the stocks they cover. At the same time, concerns
When Bill Gates started learning about nuclear power innovation, “I was skeptical, but also intrigued,” he wrote on his Gates Notes blog in 2019. Like many people, Gates’ opinion of nuclear power had been tinged by past disastrous accidents such as Three Mile Island and Chernobyl. But Gates was also interested in the potential of
Take a look at some of the biggest movers in the premarket: Levi Strauss (LEVI) – Levi Strauss reported quarterly profit of 34 cents per share for its latest quarter, 9 cents a share above consensus. Revenue also came in above Wall Street forecasts with help from a 41% rise in digital sales. The apparel
In this article MCD GIS KR LEVI TGT WMT BBY SHAK CMG URBN ANF Shoppers wearing protective masks exit from a Hennes & Mauritz (H&M) store in the Herald Square area of New York, U.S., on Thursday, Aug. 6, 2020. Nina Westervelt | Bloomberg | Getty Images As more people receive the Covid-19 vaccine, corporate
A person walks under a marquis for a closed down Paramount theater in Oakland, Calif. on Feb. 12, 2021. JOSH EDELSON | AFP | Getty Images It’s been a year since unemployment claims peaked at nosebleed levels and signaled the depth and severity of the Covid downturn. Yet claims for unemployment benefits persist at rates
SpaceX president and COO Gwynne Shotwell wants what SpaceX is doing to “reinvigorate the industry,” while also getting “young children thinking about being in the space industry again.” Kimberly White | Vanity Fair | Getty Images SpaceX president Gwynne Shotwell does not think the company will add “tiered pricing” for its direct-to-consumer Starlink satellite internet
A child looks back at a banner for Roblox, displayed to celebrate the company’s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, March 10, 2021. Brendan McDermid | Reuters New York’s top business leaders are gearing up for a potential mass exodus as Gov. Andrew Cuomo and state
JPMorgan building in New York. Scott Mlyn | CNBC JPMorgan Chase boosted the number of Black and female college students selected for investment bank internships by leaning on technology platforms that help the firm broaden out its campus recruiting efforts, CNBC has learned. The company said that 18% of its corporate and investment bank summer
Vials labelled “COVID-19 Coronavirus Vaccine” and syringe are seen in front of displayed Johnson & Johnson logo in this illustration taken, February 9, 2021. Dado Ruvic | Reuters Johnson & Johnson is scaling back shipments of its single-dose Covid-19 vaccine by 86% next week as it grapples with manufacturing issues at a major plant in
After looking at more than 50 houses and writing 17 offers, Taryn and Antonio Orellana recently closed on a house in Lakewood, Calif. Source: Taryn Orellana When pandemic life began to feel too tight inside the one-bedroom apartment Taryn Orellana shared with her husband, Antonio, she knew they had to move. In October, the couple
In this article TSLA XPEV NIO ZE594-CN Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Chinese automaker BYD sold more than twice as many battery-powered electric cars as start-up Nio delivered in March. BYD, which
Prince Philip, Duke of Edinburgh, in 2015. Matt Dunham | WPA Pool | Getty Images LONDON — Prince Philip, the Greece-born royal who as the husband of Queen Elizabeth II was the longest-serving consort to a British sovereign, died Friday. He was 99. “His Royal Highness passed away peacefully this morning at Windsor Castle,” the
A man wears Levis Strauss & Co. clothing during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, March 21, 2019. Jeenah Moon | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Levi Strauss – Shares of the retailer jumped
With new guidance following reports of rare blood clots, the global medical community is considering whether it’s possible, and safe, to administer two different vaccine candidates to the same person. This week the European Medicines Agency and the U.K.’s Medicines and Healthcare products Regulatory Agency both determined that there is a possible link between the
A pedestrian wearing a protective mask walks past the Macy’s Inc. flagship store in the Herald Square area of New York, U.S., on Tuesday, Nov. 17, 2020. Victor J. Blue | Bloomberg | Getty Images On any given day, the line outside the Gucci boutique at the Mall at Short Hills in N.J. winds around
Blackstone‘s Byron Wien on CNBC on Friday projected that Wall Street will get hit by another correction before the bull run resumes and stocks end the year higher than current levels. Inflation will shoot up faster than most forecasts, which will drive the Federal Reserve to tighten monetary policy and likely lead to a market
In this article FB Chris Cox Asa Mathat | Re/code Facebook Chief Product Officer Chris Cox got paid approximately $69 million to rejoin the social media company in 2020. Cox rejoined Facebook in June 2020 after a more than one year hiatus away from the company. Cox is a key moral leader at Facebook and
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