US President Joe Biden speaks about the 50 million doses of the Covid-19 vaccine shot administered in the US during an event commemorating the milestone in the Eisenhower Executive Office Building in Washington, DC, February 25, 2021. Saul Loeb | AFP | Getty Images Over 90% of the more than 3.5 million federal workers covered
Month: November 2021
House Democrats on Friday passed their $1.75 trillion spending package with a temporary increase for the limit on the federal deduction for state and local taxes, known as SALT. The bill would boost the limit to $80,000 from 2021 through 2030 before dropping it back to $10,000 in 2031. Without changes, the current $10,000 cap
High-rise apartment buildings at China Evergrande Group’s under-construction Riverside Palace development in Taicang, Jiangsu province, China, on Friday, Sept. 24, 2021. Qilai Shen | Bloomberg | Getty Images Asian high-yield bonds have been a hot favorite among institutional investors for the last few years. Also known as junk bonds, they are non-investment grade debt securities
A trader during the Sweetgreen initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, on Thursday, Nov. 18, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures rose slightly in overnight trading on Sunday ahead of the holiday-shortened week, a historically seasonally strong period for Wall Street.
Jamie Salter, chairman and chief executive of Authentic Brands Group LLC. Norm Betts | Bloomberg | Getty Images Retail conglomerate Authentic Brands Group plans to shelve a planned initial public offering and instead sell significant equity stakes in its business to private equity firm CVC Capital, hedge fund HPS Investment Partners and a pool of
Michael Tubbs, former mayor of Stockton, California. Nick Otto | AFP | Getty Images Michael Tubbs had the odds stacked against him while growing up in Stockton, California, as the son of a young single mother and an incarcerated father. Tubbs, 31, felt the expectations for his life as a Black man in America were
In this article GM WIX NFLX SQ NVDA The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters Earnings season is drawing to a close, and companies have offered investors and analysts insight into their plans for growth in the coming
An illustration showing physical bitcoins alongside binary code displayed on a laptop. Jakub Porzycki | NurPhoto via Getty Images LONDON — Investors have lost billions of dollars to criminals targeting so-called “decentralized finance” platforms this year. According to a report from London-based firm Elliptic, more than $10 billion worth of user funds has been stolen
In this article APT-AU AFRM Shoppers ascend and descend an escalator at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters As holiday shoppers gear up for celebrations, they’re preparing for a season that will look noticeably different than a year ago. Big parties with family and friends.
A worker helps a customer at the Presidente Supermarket in Miami on April 13, 2020. Joe Raedle | Getty Images Workers across the U.S. are wondering how rising inflation might be impacting their take-home pay. Inflation has risen more than expected. In October, consumer prices increased 0.9% and pushed the year-over-year gain to 6.2%, hitting
In this article WMT TGT CNBC’s Jim Cramer said Target, like Walmart a day earlier, should not be trading lower because the big-box retailer’s quarterly results on Wednesday were “terrific.” “It is just a conundrum to see Target down $12 [or roughly 5%],” Cramer said, referring to the stock’s premarket decline at the end of
In this article FL DDS FTCH AMAT WSM PANW Check out the companies making headlines before the bell: Foot Locker (FL) – Foot Locker slid 3.6% in the premarket after the athletic footwear and apparel retailer said it expects global supply chain constraints to persist through this quarter. The slide comes despite a beat on
Flight attendants wearing protective masks walk through Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, on Wednesday, April 7, 2021. Elijah Nouvelage | Bloomberg | Getty Images An accidental gun discharge at Hartsfield-Jackson Atlanta International Airport’s security screening area on Saturday afternoon led to all departing flights being briefly halted. The airport said on Twitter there
DJ and producer Kygo reached a billion streams on Spotify faster than any other artist. He’s now selling out arenas across North America, and he hasn’t even released an album. Instead he’s part of the $6 billion EDM industry… a market that’s made up of 20-year-old DJs who embrace the internet. CNNMoney joins Kygo for
Chesnot | Getty Images As the end of the year approaches, there are still ways to reduce cryptocurrency tax bills, financial experts say. The IRS generally defines cryptocurrency as property for tax purposes, and investors must pay levies on the difference between the purchase and sales price. If there’s a profit on assets held for less than
In this article DLTR People walk by a Dollar Tree store on December 11, 2018 in the Brooklyn borough of New York City. Spencer Platt | Getty Images News | Getty Images Company: Dollar Tree Inc. (DLTR) Business: Dollar Tree operates discount variety retail stores. It operates through two segments: Dollar Tree and Family Dollar.
In 2016, my family and I packed our bags and moved from Chicago to Mazatlán, Mexico. After my mother passed away unexpectedly, my husband and I realized that life is too short to put off building the life we wanted. We had about $20,000 in our savings, which was more than enough to get by
Lesetja Kganyago, governor of the South African Reserve Bank. Waldo Swiegers/Bloomberg via Getty Images The South African Reserve Bank has fired the starting gun on monetary policy normalization, but economists do not expect the hiking cycle to be plain sailing. The SARB on Thursday hiked its main repo rate by 25 basis points to 3.75%
In this article TGT People walk in front of Target store on March 02, 2021 in New York. Emaz | Corbis News | Getty Images Target said Wednesday fiscal third-quarter sales jumped 13% as shoppers bought Halloween costumes, stocked up on back-to-school supplies and kicked off the search for holiday gifts early. The big-box retailer
In this article AMZN MSFT PLTR Women are significantly underrepresented in STEM professions and for the few who are pursuing science, technology, engineering or math careers – there are a lot of financial challenges. That’s why a lot of companies and organizations are offering scholarships and other financial assistance to help bridge this gender gap
Student debt balances among 2020 graduates remained at an all-time high. Last year’s borrowing graduates in New Hampshire, Pennsylvania and Delaware owed close to $40,000 for their bachelor’s degree, on average, according to a report by the Institute for College Access and Success. More from Personal Finance:How to shop early and still get the best
Peter Cade | Getty Images As the holidays approach, philanthropic investors may be eyeing year-end gifts to their favorite charity. However, there are several options to consider with varying tax benefits, according to top advisors. Nearly 90% of wealthy families gave to charity in 2020, according to a study on philanthropy from Bank of America,
CNBC’s Jim Cramer said Friday the recent market underperformance of non-tech stocks gives investors the chance to purchase names that do well when Americans spend their money. “What an opportunity to buy things that are being thrown away left and right,” Cramer said on “Squawk on the Street,” as Dow futures pointed to an over
In this article WBA Elizabeth Holmes, the founder and former CEO of blood testing and life sciences company Theranos, arrives for the first day of jury selection in her fraud trial, outside Federal Court in San Jose, California on August 31, 2021. Nick Otto | AFP | Getty Images SAN JOSE, CALIF. — The prosecution
In this article BA MRNA HOOD .BBKA FL Moderna’s sign is seen outside of their headquarters in Cambridge, MA on March 11, 2021. Boston Globe | Getty Images Check out the companies making headlines in midday trading. United Airlines, Boeing — Shares of travel-related stocks dipped after Austria announced earlier in the day that it would
In this article CSCO Cisco CEO Chuck Robbins Manuel Blondeau | AOP.Press | Corbis | Getty Images Cisco shares tumbled as much as 8% in extended trading on Wednesday after the computer networking company reported quarterly revenue that fell short of analysts’ expectations and issued weaker-than-expected guidance. Here’s how the company did in its fiscal
Loading chart… Desktop Metal: “OK now listen. This is really important: This is pure spec on 3D, but I happen to like it more than [3D Systems Corporation]. Why? Because it’s only a couple of bucks. Now, you can lose the whole thing, remember that. But I like the fact that it’s a pure spec.
Speaker of the House Nancy Pelosi, D-Calif., speaks at a press conference, along with House Democratic leadership, after the House passed the Build Back Better Act on Nov. 19, 2021. Anna Moneymaker | Getty Images News | Getty Images The House of Representatives passed legislation Friday that would make the child tax credit fully refundable
sturti | E+ | Getty Images It’s a great time to quit your job. Just make sure you have another one to go to. The latest data from the ADP Worker Vitality report found that the “Great Resignation” going on in today’s labor market is still paying off handsomely for those leaving their jobs for
In this article M0Y-DE A rendering of the company’s laser communications system on satellites in orbit. Mynaric German laser communications company Mynaric listed on the Nasdaq in the past week and CEO Bulent Altan, a former SpaceX executive, spoke to CNBC about the company’s U.S. debut and plans for further growth. The company raised $75.9
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