Theranos founder Elizabeth Holmes and her partner Billy Evans leaves the Robert F. Peckham U.S. Courthouse after the delivery of opening arguments in her trial, in San Jose, California, September 8, 2021. Peter DaSilva | Reuters SAN JOSE, CALIF – A former lab director at Theranos testified on Friday that he thought the blood-testing start-up
Month: September 2021
In this article PLAY MTCH RCL NCLH The Carnival Cruise Ship ‘Carnival Vista’ heads out to sea in the Miami harbor entrance known as Government Cut in Miami, Florida June 2, 2018. RHONA WISE | AFP | Getty Images Check out the companies making headlines in midday trading. Carnival — Carnival shares rose 4% after
Dr. Rochelle Walensky, who has been selected to serve as director of the Centers for Disease Control and Prevention speaks during an event at The Queen theater in Wilmington, Del., Tuesday, Dec. 8, 2020. Susan Walsh | AP CDC Director Dr. Rochelle Walensky insisted Friday she didn’t overrule a vaccine advisory committee by expanding the
Agriculture accounts for almost half of greenhouse gas emissions in New Zealand. It’s one reason the government is encouraging farmers to grow trees for carbon credits, which can then be sold, mainly to large companies looking to offset their emissions. Juliet Speedy meets a couple of New Zealand’s carbon farmers and explores exactly how the
sorn340 | iStock | Getty Images It’s now been more than seven months since President Joe Biden asked the U.S. Department of Justice to review his legal authority to cancel student debt. The agency hasn’t released its findings yet. And although top Democrats argue that the president can cancel the debt through executive action, Biden
Vlad Tenev, CEO and Co-Founder of Robinhood, in his office on July 15, 2021 in Menlo Park, California. Kimberly White | Getty Images Entertainment | Getty Images Robinhood executives had a lot to talk about the week Reddit users were driving a historic short squeeze in GameStop. New documents in a lawsuit allegedly show internal
In this article ABX-CA .SPX Gold is one of the largest financial assets in the world with an average daily trading volume of $183 billion, and its value has seen explosive growth in recent years. At the start of 2000, gold was priced at just $460 per ounce when adjusted for inflation. By August 2021,
A person reads a list of employers as they attend a job fair at SoFi Stadium on Sept. 9, 2021, in Inglewood, California. PATRICK T. FALLON | AFP | Getty Images There remains little evidence that states successfully nudged people back to work by ending federal unemployment benefits early, according to economists. Twenty-six states withdrew
In this article NKE A pedestrian walks past American multinational sport clothing brand, Nike store and its logo seen in Hong Kong. Budrul Chukrut | SOPA Images | LightRocket | Getty Images A lower sales forecast, slowing growth in China and a bottlenecked supply channel. The news coming out of Nike’s fiscal first-quarter earnings report
President Joe Biden speaks during a virtual Covid Summit of the United Nations General Assembly on Sept. 22, 2021 in Washington. Alex Wong | Getty Images News | Getty Images The wealthiest 400 American families paid an 8.2% average rate on their federal individual income taxes from 2010 to 2018, according to a White House
In this article HOOD Zoom In IconArrows pointing outwards Robinhood is debuting a feature that gives traders more control over digital tokens in its latest expansion in the cryptocurrency space. The newly public brokerage is testing “crypto wallets” with select clients next month, the company announced in a blog post Wednesday. The so-called wallet will
Valeriy_G | iStock | Getty Images If you have a big wad of cash to invest, you may wonder whether you should put all of it to work immediately or spread out over time. Regardless of what the markets are doing, you’re more likely to end up with a higher balance down the road by
Chinese ride-hailing company Didi offers cars for guests of the Annual Meeting of the New Champions 2017 (World Economic Forum’s Summer Davos session) on June 27, 2017, in Dalian, Liaoning Province of China. VCG | Visual China Group | Getty Images BEIJING — As overseas investors reel from Beijing’s regulatory crackdown, the rapid fallout in
In this article NKE Pedestrians walk past the American multinational sport clothing brand, Nike store and its logo seen in Hong Kong. Budrul Chukrut | LightRocket | Getty Images Nike shares dropped in extended trading Thursday after the sneaker giant reported quarterly revenue that missed analysts’ expectations. Its stock was recently down around 3%. Here’s
In this photo taken on March 20, 2019, an Afghan health worker administers a polio vaccine to a child in the Kandahar province. Javed Tanveer | AFP | Getty Images Afghanistan’s health-care system is “on the brink of collapse” as a lack of funding left thousands of health facilities struggling to buy medical supplies and
mediaphotos | E+ | Getty Images Many popular tax-planning strategies are on the chopping block as Democrats debate how to pay for their $3.5 trillion spending package. However, now is the time to consider year-end moves to lower next year’s tax bill, regardless of what happens in Congress. “Year-end tax planning should be done every
Paul Bradbury | Getty Images Younger generations of Americans apparently do not have a great deal of faith that Social Security will be available to them when they retire. To that point, about 23% of Gen Z and 26% of millennials actually believe there is little likelihood that they will be able to rely on
NASA astronaut Douglas Hurley rehearses putting on his SpaceX spacesuit in the Astronaut Crew Quarters inside the Neil A. Armstrong Operations and Checkout Building at the Kennedy Space Center ahead of NASA’s SpaceX Demo-2 mission to the International Space Station in Cape Canaveral, Florida, U.S. May 23, 2020. Kim Shiflett | NASA | Reuters SpaceX
Billionaire investor Mark Cuban is bullish on the growth of DeFi, or decentralized finance, applications, and thinks that they will pose a challenge to traditional banks. To him, the “foundational DeFi benefit is that it simplifies borrowing for personal purposes,” Cuban tweeted on Thursday in response to a debate about DeFi. “It’s a hassle to
In this article CRM DRI JOBY BIIB KBH BB Check out the companies making headlines before the bell: Darden Restaurants (DRI) — The Olive Garden parent reported earnings of $1.76 per share, higher than the $1.64-per-share forecast. The restaurant company also reported same-store sales that rose 47.5%, topping estimates. Shares rose 3% in premarket trading.
Glen Canyon Dam is seen, behind which are record low water levels at Lake Powell, as the drought continues to worsen on July 2, 2021 near Page, Arizona. David McNew | Getty Images Falling water levels at Lake Powell, the massive reservoir on the Utah-Arizona border, could cause its dam to stop generating hydroelectric power
President Joe Biden addresses the 76th Session of the U.N. General Assembly on Sept. 21, 2021 in New York. Eduardo Munoz-Pool/Getty Images President Joe Biden and House Democrats have unveiled plans to raise taxes on households with more than $400,000 of annual income, and cut or maintain taxes for those below the line. But what’s
Federal Reserve Chairman Jerome Powell on Wednesday said the central bank’s current trading rules are insufficient and promised that it would “make changes” after filings showed that officials traded stocks and bonds that could be influenced by its policy actions. Specifically, Powell said that Fed officials should as a general rule be barred from owning
Former U.S. Secretary of Defense James Mattis on September 03, 2019 in New York City. Steven Ferdman | Getty Images SAN JOSE, CALIF — Former U.S. Defense Secretary General James Mattis testified on Wednesday that as a board member at Theranos he was “frankly amazed” at what was possible at first but later became disillusioned
In this article BABA GUANGZHOU, China — Ant Group will share credit data from its consumer lending business with China’s central bank as part of an overhaul of the fintech giant. Huabei is a consumer loan product under Ant Group. Data from that lending product will be fed into the financial credit information database held
In this article PFE Vaccine mandates trickled into the U.S. travel sphere last winter, picked up steam in the spring and hit fever pitch over the summer. Vaccine shots are now necessary to eat in cafes in France, to see a Broadway show in New York City and soon, to fly commercially in Canada. Though
Even though the Federal Reserve didn’t raise its benchmark rate Wednesday, your borrowing costs may still start to head higher. Rising prices brought on by the economic recovery are paving the way for the central bank to unwind last year’s bond buying. While the central bank said that interest rates will stay near zero for now,
Marko Geber | DigitalVision | Getty Images In a world that’s rapidly changing and becoming more uncertain than ever, the financial advisory industry has a great opportunity to become a beacon of trust for investors by helping them navigate through difficult life and financial decisions. The Covid-19 pandemic, combined with the social and economic shifts
The facade of Blue Origin’s new rocket engine factory in Huntsville, Alabama. CNBC | Michael Sheetz The U.S. Federal Court of Claims released the redacted version of the lawsuit filed in August by Jeff Bezos‘ Blue Origin against NASA and Elon Musk’s SpaceX over a lucrative lunar lander contract awarded earlier this year. “Historically a
Frederic J. Brown | AFP | Getty Images Whoever is holding the winning ticket for the $432 million Mega Millions jackpot is about to discover what a huge tax bill really looks like. A single Mega Millions ticket sold in New York City matched all six numbers in Tuesday night’s drawing to nab the top
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