In this article WFC Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo has pushed back plans for employees to return to corporate offices by a month in response to the rise in U.S. coronavirus cases. The bank is now aiming to
Month: August 2021
In this article ZG DIDI DKNG WEED-CA NVAX GCI Check out the companies making headlines before the bell: Canopy Growth (CGC) – The Canadian cannabis producer’s shares rose 1.9% premarket after it posted an unexpected quarterly profit on rising marijuana demand and cost cuts. The gain comes even as revenue falls short of Wall Street
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway‘s operating income continued to rebound as its myriad of businesses from energy to railroads benefited from the economic reopening. The conglomerate reported operating earnings of $6.69 billion in the second quarter, up 21% from $5.51
Brexit has eroded the City’s position as Europe’s financial hub. From Singapore-on-Thames to a lawless Dodge City, the FT’s Lex looks at how the City will reinvent itself. Read more at: https://on.ft.com/3qhFHQu See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132 ► Check out our Community
Heat waves kill more people than any other extreme weather event: more than tornados, hurricanes, and even floods. That’s why scientists are coming up with novel, new designs to help keep temperatures down in Singapore. #BloombergCityLab #Singapore #Green ——– Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join QuickTake Originals is
Recreational marijuana is legal in 4 states, but banks are still hesitant to work with the industry since pot remains illegal at the federal level.
In this article CVNA If you’re waiting for used car prices to drop, and reading recent indications as a sign the pricing decline already has begun, one of the biggest sellers of used cars in the U.S. says you should not get too excited. The rise in used car prices will likely not slow down until
The Biden administration announced Friday it will extend the payment pause for federal student loan borrowers through January 2022. Since March 2020, borrowers have been given the option to press the pause button on their monthly bills, without interest accruing on their debt. Some 90% of borrowers have been doing so. The pause was scheduled
Traders at the New York Stock Exchange. Source: NYSE The market is churning at record levels as Covid fears ramp up and political uncertainty swirls, but there are still buying opportunities for investors. On Tuesday, Stephanie Link of Hightower Advisors, Josh Brown of Ritholtz Wealth Management, investor Pete Najarian and I joined Scott Wapner on
Vlad Tenev and Baiju Bhatt attend Robinhood Markets IPO Listing Day on July 29, 2021 in New York City. Cindy Ord | Getty Images Shares of Robinhood are popping again on Friday as the volatile stock heads to end its first full week of trading up nearly 70%. Robinhood shares rose 13% to $57.85 on
A mobile phone shows Huawei app interface. Huawei unveiled HarmonyOS, its own operating system in 2019. In June 2021, the company launched the operating system on a smartphone for the first time. Costfoto | Barcroft Media | Getty Images The chairman of Huawei said the Chinese technology company’s “aim is to survive” as revenue fell
Scarlett Johansson stars as Natasha Romanoff, AKA Black Widow, in Marvel’s “Black Widow.” Disney | Marvel The president of the Screen Actor’s Guild on Friday slammed Disney for “bullying” Marvel actress Scarlett Johansson in a public statement it made about the “Black Widow” star’s lawsuit against the company last week. Gabrielle Carteris said Disney “should
More than 11 million Americans continue to report being behind on their rent. How much renters owe varies greatly from one state and county to the next, according to data provided to CNBC by Surgo Ventures, a nonprofit organization focusing on health and data. Across the country, the average renter in arrears owes $3,700. The
SpaceX stacks Starship prototype 20 on top of Super Heavy rocket Booster 4 on August 6, 2011. @elonmusk on Twitter Elon Musk’s SpaceX stacked a Starship prototype rocket on top of a Super Heavy rocket booster for the first time on Friday morning, giving a look at the scale of the combined nearly 400-foot-tall vehicle.
In this article NVAX DKNG HOOD DBX SPCE YELP Billionaire entrepreneur Richard Branson prepares to spray champagne after flying with a crew in Virgin Galactic’s passenger rocket plane VSS Unity to the edge of space at Spaceport America near Truth or Consequences, New Mexico, U.S., July 11, 2021. Joe Skipper | Reuters Check out the
In this article NCLH The Norwegian Dawn cruise ship arriving in the French Mediterranean port of Marseille, July 27, 2021. Gerard Bottino | SOPA Images | LightRocket | Getty Images Norwegian Cruise Line reported mixed second-quarter results on Friday ahead of its first cruises in the U.S. since last year. Shares of the company fell
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs “Financial Times Video brings business to life. Watch our highlights video showcasing the best in September 2013. For more video content from the FT, visit http://www.FT.com/video Watch more of the featured videos here; China’s urbanisation – http://goo.gl/MWmW1I Lehman’s legacy; from recession to recovery – http://goo.gl/7KZSJZ Simon
In the Irish borderlands, Sean Quinn was always known as a tough businessman. Hugely successful and having created thousands of jobs, he was seen by many as a local hero. Then it all went wrong. Video by Carla Howe and Angus Bennett #Storylines #BloombergBusinessweek #TrueCrime ——– Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Become a Quicktake Member
The 75-year-old company is pulling back from department stores and discounts to reinvent itself as a luxury brand. CEO Victor Luis tells Cristina Alesci why Coach needs to boost its ‘fashion credibility.’
In this article FNKO Guests attend FunKon Loungefly Fashion Night at Funko Hollywood on August 02, 2021 in Los Angeles, California. Stefanie Keenan | Getty Images Entertainment | Getty Images You can tell from the Star Wars posters on the walls of their home and the shelves packed with Disney princess and Masters of the
It might be time, again, to protect your credit. An estimated 1 million U.S. and global credit cards were released by a Russian criminal organization on the so-called dark web, according to analysts at cybersecurity firm Q6. The group, which calls itself “All World Cards,” offers stolen credit card information to other criminals. Although there’s
Virgin Galactic’s passenger rocket plane VSS Unity, carrying Richard Branson and crew, begins its ascent to the edge of space above Spaceport America near Truth or Consequences, New Mexico, U.S. July 11, 2021 in a still image from video. Virgin Galactic | via Reuters Virgin Galactic delivered second-quarter results after the market closed on Thursday
mphillips007 | iStock Unreleased | Getty Images When it comes to the lottery, it’s been a good year so far for Uncle Sam. Winners of Powerball and Mega Millions jackpots — worth an advertised $2.9 billion in all — have collectively paid roughly $515 million to the IRS in 2021 taxes. And that won’t be
A currency dealer monitors exchange rates in a trading room at KEB Hana Bank in Seoul on June 21, 2021. JUNG YEON-JE | AFP via Getty Images Shares of Kakao Bank shot up more than 70% during its market debut in South Korea on Friday. Kakao Bank is South Korea’s first digital bank to go
The highest-valued cloud stocks have been on a tear of late and just got a further boost from data analytics and monitoring company Datadog, whose results blew past analysts’ estimates. Datadog shares jumped 15% on Thursday to close at a record $132.47. Heading into the day, Datadog traded for about 32 times revenue over the
Olympic track and field legend Carl Lewis told CNBC that he stands “100 percent” by his criticism of Team USA’s men’s 4x100m relay team after it finished sixth in its semifinal on Thursday and failed to qualify for the final. He emphasized, however, that his ire was not directed towards the athletes, but towards the
FG Trade | E+ | Getty Images Sometimes, older Americans discover that retirement just isn’t a good fit. Whether due to needing more income or wanting personal fulfillment, many older Americans head back to work after calling it quits. Of workers age 65 or older, 40% had previously retired at some point, according to a
Peter Cade | Getty Images It looks like some older workers might get a boost in how much extra money they can put in their retirement accounts. So-called catch-up contributions — amounts permitted above the usual contribution limits — would be expanded for workers in their 60s, under legislation pending in Congress. While the details
Close up imagery of the dredging operations underway around the Ever Given in the Suez Canal, captured by the company’s WorldView-3 satellite on Saturday, March 27, 2021. Maxar Technologies Space company Maxar Technologies shares dropped in trading Thursday after it announced another delay to the launch of its next-generation imagery satellites. “We have decided to
Hopin founder and CEO Johnny Boufarhat. Hopin LONDON — When Johnny Boufarhat founded his virtual events business two years ago, there was no pandemic, no lockdowns and no travel restrictions. That all changed in 2020. The coronavirus outbreak forced a multitude of major events and conferences to be cancelled or postponed, as governments around the