A pedestrian wearing a protective mask walks past a Wells Fargo & Co. bank branch in New York, U.S., on Thursday, July 9, 2020. Peter Foley | Bloomberg | Getty Images Wells Fargo is ending a popular consumer lending product, angering some of its customers, CNBC has learned. The bank is shutting down all existing
Month: July 2021
China’s Ministry of Commerce Spokesman Gao Feng addressed reporters at a regular press conference on April 29, 2021 in Beijing, China. VCG | Visual China Group | Getty Images BEIJING — China’s Ministry of Commerce plans to scrutinize foreign investment more closely on the basis of national security. The ministry’s priorities for the next five
Health workers inoculate a woman in Peru. DIEGO RAMOS | AFP | Getty Images More than 18 months into the Covid-19 pandemic and the world is used to news of new variants of the virus by now, particularly those that have, one by one, supplanted previous versions of the disease. Some mutations of the virus,
A job seeker fills out an application form during a restaurant and hospitality career fair in Torrance, California, on June 23, 2021. Eric Thayer/Bloomberg via Getty Images The number of Americans out of work for at least a year jumped by 248,000 in June, underscoring persistent challenges for some households even as the broader labor
Jeremy Allaire, Co-Founder and CEO, Circle David A. Grogan | CNBC Payments and digital currency firm Circle plans to go public later this year through a merger with special purpose acquisition company Concord Acquisition Corp. The deal, which Circle announced on Thursday, is expected to close in the fourth quarter and would value the company
John Lund | Getty Images You’ve probably heard that you shouldn’t let your emotions drive your financial decisions. Yet that may be harder than it sounds, especially when the market sells off. In fact, there may be a number of psychological biases holding you back from building wealth. That’s because the part of our brain
Traders on the floor of the New York Stock Exchange. Source: NYSE Stock futures were flat in overnight trading Thursday after the major indexes fell amid concerns of a slowdown in economic growth. Futures on the Dow Jones Industrial Average added 7 points, or 0.02%. S&P 500 futures and Nasdaq 100 futures also traded near
Isaac Diaz, who turned 40 in June, has kicked his plan to pay off his car loan into overdrive. “Right now, I’m focused on paying my car off,” Diaz says. “I’m so happy because I’m only a few months removed from paying this thing off.” Diaz owns a 2013 Acura TSX that he refinanced in
An IRS office building in the East Harlem neighborhood of New York. Timothy Fadek/Bloomberg via Getty Images Last December, two Atlanta tax professionals pled guilty to a scheme that defrauded the IRS of more than $250 million in taxes. The scam claimed more than $1.2 billion in fraudulent charitable deductions through so-called syndicated conservation easements,
Hedge fund founder Anthony Scaramucci told CNBC on Wednesday that the Chinese government’s crackdown on Didi Global, just days after the ride-hailing giant went public in the U.S., is “a direct assault on global capitalism.” “The bad news for the Chinese and the United States now is, if you’re a capital allocator in the United
Chengdu city street vendors, like this one pictured on June 18, 2020, were mentioned by Chinese Premier Li Keqiang during COVID-19 as an example of economic recovery. Yuyang Liu | Getty Images News | Getty Images BEIJING — China’s top executive body surprised investors late Wednesday by saying the central bank would stimulate the economy
PeopleImages | E+ | Getty Images LONDON — When the coronavirus pandemic first emerged in early 2020, governments quickly put out information on what symptoms to look out for, little knowing then that much of the transmission was asymptomatic. The public was told to look out for a high temperature and a new continuous cough,
Miami Herald | Tribune News Service | Getty Images There are no signs that Congress plans to send a fourth stimulus check to Americans. Still, many individuals and families are clamoring for more money. A Change.org petition calling for $2,000 per month for every adult American, as well as $1,000 per child, that was started
Olena Ruban | Moment | Getty Images Cannabis industry investors have been treated to a series of legislative catalysts over the last three years that have moved equity valuations. Notable moments include Canada’s federal adult-use implementation, the election of President Joe Biden, and the Georgia Senate run-off in January. Additionally, the state-by-state legalization movement is
Former Theranos CEO Elizabeth Holmes attends pre-trial hearing in the U.S. government’s fraud case against her on May 5, 2021. CNBC The mystery of missing Theranos patient test results that allegedly showed a high failure rate was the focus of former CEO Elizabeth Holmes’ pre-trial hearing on Wednesday. Holmes, pregnant and expected to give birth
People walk by the New York Stock Exchange on April 15, 2021 in New York City. Spencer Platt | Getty Images Futures contracts tied to the major U.S. stock indexes inched higher at the start of overnight trading Wednesday after both the S&P 500 and Nasdaq Composite closed at records. Contracts tied to the S&P
In this article DIS Scarlett Johansson and Florence Pugh star as Natasha and Yelena in Marvel’s “Black Widow.” Disney Natasha Romanoff is coming for the box office crown. After a 14-month delay, “Black Widow” hits theaters Friday and it’s poised to capture the highest box office haul of any film released during the pandemic. As
Peter Cade | Getty Images While inheriting money is typically a good thing, newer individual retirement account rules may leave some heirs with a smaller windfall. Thanks to the Secure Act of 2019, certain heirs now have less time to take IRA withdrawals. The law stopped the so-called stretch IRA, which allowed non-spouse beneficiaries to
In this article OMEG A set of SkySat satellites before a launch. Planet Satellite imagery and data specialist Planet Labs is preparing to go public, announcing on Wednesday that it will merge with a SPAC to list on the New York Stock Exchange. Planet Labs is combining with special purpose acquisition company dMY Technology Group
The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images LONDON — British fintech giant Wise began trading at £8 a share in its highly anticipated debut Wednesday, valuing the company at £8 billion, or $11 billion. The money transfer firm opted to list in London through
Medics in a pneumonia ward in the Philippines. Ezra Acayan | Getty Images News | Getty Images LONDON — Mass vaccination campaigns are being rolled out across the developed world, but many countries are still contending with surges in coronavirus infections and new strains, such as the highly infectious delta variant. And now health experts
Yamiesha Bell, 27, started a book club focused on personal financial literacy and mindfulness one year ago. Yamiesha Bell In the last year, Raeshanna Mcanuff, 27, a cosmetic chemist, asked for a raise at her job. Adam Sherif, 24, who works at a music talent agency, paid off the first $30,000 of his $60,000 in
In this article WB DIDI TME The Didi ride-hailing app on a smartphone arranged in Beijing, China, on Monday, July 5, 2021. Yan Cong | Bloomberg | Getty Images The U.S.-traded shares of prominent Chinese companies were under pressure on Tuesday after the Asian country’s officials launched a cybersecurity review of Didi, fueling concerns about
For two decades, New York Yankee star C.C. Sabathia was one of the best pitchers in Major League Baseball, until the six-time All-Star and 2009 World Series Champion retired in 2019. But today, Sabathia, 40, says he’s in the best mental and physical shape of his life — better than he ever was as a
Tourists visit the Wall Street bull statue in the Financial District, New York City. Drew Angerer | Getty Images U.S. stock futures opened slightly lower Tuesday night after the S&P 500 ended a seven-day winning streak, its longest since August. Dow Jones Industrial Average futures fell by 66 points, or 0.19%. S&P 500 and Nasdaq
In this article CFV A satellite image of the stuck container ship Ever Given in Egypt’s Suez Canal, taken on March 25, 2021. Satellogic Satellite Earth imagery specialist Satellogic is preparing to go public, announcing on Tuesday that it will be the latest in a string of space companies merging with SPACs. Satellogic is merging
An inexpensive chess set can sell for $20, but a handcrafted wooden set certified for the World Chess Championship costs $500. Much of the set’s value lies in just one piece: the knight. Each knight must be carved by hand to look exactly the same. Making this one piece takes two hours, and there are
Shoppers in San Francisco. David Paul Morris | Bloomberg | Getty Images Covid-19 vaccinations are increasing, states are dropping their pandemic restrictions and Americans are feeling good about going out and spending after a year and a half spent mostly inside. “We are now coming out of a cave, basically, and there’s a lot of
In this article DSX EGLE GNK GOGL SBLK 316-HK 1919-SZ Aerial view of shipping containers sitting stacked at Shenzhen Yantian Port on February 27, 2021 in Shenzhen, Guangdong Province of China. Xie Feng | Getty Images Skyrocketing shipping prices, exacerbated by limited vessel supply, could bode well for some of analysts’ favorite shipping stocks. Global
People may not have traveled much during the past year, but that didn’t stop them from searching for ideas online. Luxury travel operator Unforgettable Travel wanted to know which travel experiences people searched the most during the past year. With the help of digital marketing agency SEO Travel, the company compiled a list of 135