Take a look at some of the biggest movers in the premarket: Zillow (Z) – Zillow slid 6.4% in premarket trading, following a Bloomberg report that the company has temporarily stopped its home-buying service due to overwhelming demand. Revance Therapeutics (RVNC) – Revance shares plunged 33.2% in the premarket after the Food and Drug Administration
Month: October 2021
In this article M People wear facemasks as they walk through Herald Square on January 8, 2021 in New York City. Angela Weiss | AFP | Getty Images Activist investor Jana Partners has taken a stake in Macy’s and sent a letter to the department store chain’s board on Wednesday urging it to separate its
VALERIE MACON | AFP | Getty Images People who collect Social Security are about to see bigger checks. The cost-of-living adjustment in 2022 will be 5.9%, the Social Security Administration said Wednesday. The bump, which will help beneficiaries keep up with rising costs due to inflation, is the largest increase in about 40 years. The
Megan Leonhardt | CNBC As third-quarter earnings roll out and 2021 winds down, analysts and investors are looking for which companies can close out the year on a bullish note. Many firms had stellar starts to the year, and are in a tough spot to continue growing at such rapid paces. Costco braved the
10’000 Hours | DigitalVision | Getty Images As Congress wrangles over many proposals within the Build Back Better reconciliation bill, one section holds the promise of addressing the anxiety millions of American workers, retirees and their families feel about their retirement security. To that point, Congress needs to focus on the retirement provisions included in
The Klarna logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images LONDON — Swedish fintech firm Klarna on Monday said it is introducing a number of changes to its product in the U.K., as regulators in the country prepare to tighten regulation on the fast-growing “buy now, pay later”
A pedestrian wearing a face mask looks at a smartphone while passing in front of the New York Stock Exchange (NYSE) in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images A Minnesota general contractor pleaded guilty Thursday to a scheme to hijack dormant shell companies and then pump-and-dump their
If you’ve ever taken a pain killer, there’s a good chance it came from India, the largest producer of generic medicines on the planet. CNNMoney takes you inside the country’s biggest drug maker to see how affordable treatments are made.
designer491 | iStock | Getty Images Retirement savers could start seeing annuities in their 401(k) plans. While allowing them in workplace retirement savings plans is not new, the 2019 Secure Act aimed to eliminate companies’ fear of legal liability if the annuity provider were to fail or otherwise not meet its obligations. Now, insurance companies,
In this article SPCE Virgin Galactic pilots walk to the company’s SpaceShipTwo Unity spacecraft, attached to the jet carrier aircraft Eve. Virgin Galactic Virgin Galactic stock plunged in trading on Friday after the company said it would delay any spaceflights to next year as it refurbishes its vehicles. While Virgin Galactic hoped to fly its
Elizabeth Holmes, founder of Theranos Inc., arrives at federal court in San Jose, California, on Wednesday, Oct. 6, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — As Theranos’ troubles were mounting in 2014, the blood-testing start-up hired a dermatologist with no board certification in laboratory science or pathology to become
Richmond Federal Reserve President Thomas Barkin said Friday he’s on board with reducing the amount of economic help the central bank is providing as concerns grow about inflation. With the Fed indicating that it’s likely to start pulling back on its monthly bond purchases, Barkin said that seems reasonable and he’s leaning toward beginning the
Pittsburgh Penguins center Evan Rodrigues (9) has a break away and Tampa Bay Lightning goaltender Andrei Vasilevskiy (88) makes a save during the NHL Hockey match between the Tampa Bay Lightning and Pittsburgh Penguins on October 12th, 2021 at Amalie Arena in Tampa, FL. Andrew Bershaw | Icon Sportswire | Getty Images The National Hockey
In this article COIN Grandbrothers | iStock Editorial | Getty Images Kenny Schachter, an art dealer, columnist for Artnet and self-proclaimed nonfungible tokens evangelist, believes that the digital works could eclipse the traditional art market within five years. This month cryptocurrency exchange Coinbase and the auction house Sotheby’s, which has been around since 1744, both
Andrew Toth | FilmMagic | Getty Images “The Big Short” investor Michael Burry inquired about ways to bet against bitcoin just before the world’s largest cryptocurrency hit a six-month high to breach the $60,000 level. “Ok, I haven’t done this before, how do you short a cryptocurrency,” Burry said in a Wednesday tweet. “Do you have
The Securities and Exchange Commission is set to let the first U.S. bitcoin futures exchange-traded funds start trading next week, since the SEC isn’t likely to block the ETFs proposed by ProShares and Invesco, CNBC reported on Friday. But billionaire Mark Cuban won’t be investing. When asked whether he’d buy the ETFs once they were
The Good Brigade | DigitalVision | Getty Images The vast majority of health savings account owners aren’t investing their money — and it’s likely shortchanging them over the long term. Just 9% of accountholders were investing a portion of their HSA balance in 2020, according to an Employee Benefit Research Institute study published Thursday. The
Former President Bill Clinton Adam Jeffery | CNBC Former President Bill Clinton was hospitalized on Tuesday evening to receive treatment for a non-Covid related infection, according to his spokesman. Clinton’s spokesman Angel Urena said late Tuesday that the former president was admitted to UC Irvine Medical Center in California. “He is on the mend, in
A handmade calligraphy brush, custom made for a master calligrapher, can cost over $1,000. At Hata Bunshindou each brush tip is made by a single artisan. It’s a delicate process that can take over a month to complete. But you can find a beginner calligraphy brush for less than $15. So what makes these brushes
In 2020, Swedish oat milk brand Oatly became the world’s first plant-based company to enter into a sustainability-linked loan agreement (SLL). Today, an SLL – that incentivises sustainability performance by having flexible interest rates linked to sustainability outcomes – is more popular than a green loan and is fast becoming an essential ingredient of a
Fizkes | Getty Images The Department of Labor wants to reverse a Trump-era policy that restricts 401(k) plans and other retirement savings vehicles from offering environmental, social and governance-focused assets, known as ESG, investing options. Values-based assets have become increasingly popular, with investors funneling $51.1 billion of net new money into ESG funds in 2020,
Richard Branson, Jeff Bezos, Elon Musk Joe Skipper | Reuters; Joe Raedle | Getty Images; Paul Hennessy | SOPA Images | Getty Images 2021 has been a whirlwind for private space tourism, with this week especially crucial for the ventures founded by Jeff Bezos and Sir Richard Branson. While Bezos’ Blue Origin took a step
Zoom In IconArrows pointing outwards Perrier Jouet 1874 Source: Christie’s WASHINGTON – An exceptionally rare bottle of Champagne is headed to auction. Christie’s London will auction a collection of vintage Champagne from Perrier-Jouet on Dec. 2 and 3. Among the cuvees stands an 1874 vintage of Perrier-Jouet Brut Millesime that is expected to fetch up
In this article GS SPCE JBHT Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. J.B. Hunt Transport Services — Shares of J.B. Hunt jumped more than 9% after the company beat estimates on
In this article WBA Rafael Henrique | LightRocket | Getty Images Walgreens Boots Alliance on Thursday exceeded Wall Street’s expectations for fiscal fourth-quarter earnings, as the company saw a surge in demand for Covid-19 vaccines amid a growing number of employer mandates. Shares were up more than 2% early Thursday in premarket trading. The drugstore chain
The holiday island of Bali reopened to tourists from select countries Thursday in what Indonesian authorities have called a “baby steps” approach to resuming international travel. Indonesia closed its borders to foreign travelers some 18 months ago. Vaccinated tourists from 19 countries — including China, India, Japan, South Korea and New Zealand, as well as
When Haaziq Kazi was in the fourth grade, he was rocked to the core when he found out about the impact of plastic waste on marine life. He decided to do something about it, designing a prototype of a ship that sucks the waste from the ocean. “There’s this saying that we haven’t inherited this
MoMo Productions | DigitalVision | Getty Images Exchange-traded funds are often associated with passive strategies. But money has also poured into the actively managed version of ETFs, as investors crave more precision, experts say. While passively managed ETFs aim to replicate an index, such as the S&P 500, active managers are more hands-on, trying to
The bitcoin futures ETF from ProShares will begin trading next week, an amended filing from the company indicated late Friday, marking a milestone moment in the development of the crypto industry in the United States. The Securities and Exchange Commission had not formally approved the creation of bitcoin futures ETF as of Friday afternoon and
Elizabeth Holmes (L), founder and former CEO of Theranos, leaves the courthouse with her husband Billy Evans after the first day of her fraud trial in San Jose on Sept. 8, 2021. Nick Otto | AFP | Getty Images ]SAN JOSE, CALIF. — Daniel Edlin, a former Theranos project manager who was friends with Elizabeth
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