In this article LOW A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s beat analysts’ expectations for fiscal third-quarter earnings on Wednesday, as the company got a bump in business from home professionals and
Month: November 2021
An oil and gas drilling platform stands offshore as waves churned from Tropical Storm Karen come ashore in Dauphin Island, Alabama, October 5, 2013. Steve Nesius | Reuters The Biden administration on Wednesday is opening more than 80 million acres in the Gulf of Mexico to auction for oil and gas drilling, a record offshore
Ty Wright | Bloomberg | Getty Images If you’re nearing the end of your car lease, don’t assume another one is your best option this time around. While many consumers go from lease to lease — which puts them in a new vehicle every few years — the pandemic has upended the auto industry. This
Real estate talking to couple and showing contact – wearing protective face mask FG Trade | E+ | Getty Images Around five years ago, financial advisor Michael Bisaro started getting questions from some of his clients about bitcoin. “It was a murmur in the background,” said Bisaro, president of StraightLine Group, a firm in Troy,
The view from SpaceX’s Crew Dragon spacecraft Endeavour of the International Space Station, as well as the company’s Crew Dragon spacecraft Resilience, as the capsule approached to dock on April 24, 2021. NASA TV The Russian military has destroyed a defunct satellite, showering low Earth orbit with shrapnel and causing astronauts to shelter on the
Elizabeth Holmes, founder of Theranos Inc., exits federal court in San Jose, California, on Tuesday, Aug. 31, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — A hedge fund manager who put $96 million into Theranos said he thoroughly investigated the company but was still misled by CEO Elizabeth Holmes about
Bridgewater Associates Chairman Ray Dalio attends the China Development Forum in Beijing, China March 23, 2019. Thomas Peter | Reuters BEIJING — American hedge fund manager Ray Dalio is launching a new China fund through a local subsidiary, according to a report in China’s Securities Times, citing sources. The fund aims to raise more than
In this article LOW HD A customer partially wearing a mask at a store in Reston, Virginia, on Thursday, May 21, 2020. Andrew Harrer | Bloomberg via Getty Images Home Depot on Tuesday reported quarterly earnings and revenue that beat analysts’ revenue as customers spent more on home improvement projects. Shares of the company rose
CNBC’s Jim Cramer said Tuesday he’s encouraged by a number of inflation-related developments, contending they lend further credence to Federal Reserve Chairman Jerome Powell’s outlook that many price pressures will be temporary. The “Mad Money” host pointed to declines in prices for chemicals that serve as economic “building blocks” such as polyethylene, as well as
LeoPatrizi | E+ | Getty Images Rising inflation has Americans worried about purchasing power and their retirement plans. Yet there are some opportunities to make and save money in this environment, as well as protect your investments. “Now is a great time to review your portfolio to make sure your investment allocation is set up
milanvirijevic Are financial crises occurring more frequently? There were nearly four decades between the crash of 1929 and the bear market of 1968. Fast-forward to the 21st century — only 20 years passed between three financial crises: the 2001 dot-com crash, the 2008 global financial crisis and in 2020, the Covid-19 pandemic’s economic recession. What
In this article WMT CNBC’s Jim Cramer said Tuesday that Walmart shares should not be lower — characterizing the move as a Wall Street problem and not an indication of anything wrong with the retail giant’s quarterly results. Shares of Walmart opened down more than 1% and slid further on the notion that the company
In this article TSLA SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Elon Musk’s sales of Tesla stock last week came as little surprise to those who have been following the story of
In this article SSNC PRSM-GB Lines of code displayed on a computer screen. Degui Adil / EyeEm | EyeEm | Getty Images LONDON — Shares of Blue Prism surged Tuesday after the British software company disclosed it received a takeover offer from U.S.-based tech firm SS&C Technologies Holdings, setting off a potential bidding war. London-listed
In this article WMT A shopper carries a bag outside a Walmart store in San Leandro, California, on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Walmart‘s fiscal third-quarter earnings on Tuesday topped analysts’ expectations as price-sensitive grocery shoppers flocked to its stores amid rising costs for household staples. The retailer’s
AstraZeneca’s Covid-19 vaccine is administered at Mbagathi Hospital in Nairobi, Kenya, on July 6, 2021. Patrick Meinhardt | Bloomberg | Getty Images The delta variant, first detected in India a little less than a year ago, now represents 99% of sequenced Covid-19 cases globally, making it more prevalent than any other strain, officials from the
RyanJLane Fewer than 1 in 5 women — 15% — worked for employers that provided emergency paid leave during the Covid-19 pandemic, according to research from Transamerica Center for Retirement Studies. In contrast, 22% of male workers had access to this benefit, which includes sick time and family and medical leave. The results are based
Morsa Images | E+ | Getty Images After a year of double-digit stock market growth, investors may be looking to cash in some gains from brokerage accounts. And some filers may take profits without a tax bill, even with a six-figure income, experts say. “A lot of people aren’t aware there’s a 0% tax rate
Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, Nov. 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images SAN JOSE, CALIF. — A defense attorney for Theranos CEO Elizabeth Holmes lashed out at
Chinese President Xi Jinping shakes hands with U.S. Vice President Joe Biden (L) inside the Great Hall of the People in Beijing December 4, 2013. Lintao Zhang | Reuters BEIJING — U.S. President Joe Biden and Chinese President Xi Jinping kicked off a virtual meeting on Tuesday with a positive tone and cordial remarks. Biden
In this article LCID Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Shares of Lucid Group jumped by more than 5% during afterhours trading after the electric vehicle start-up announced a notable increase in vehicle reservations
Online streamers prepare for the annual Double 11 online shopping festival at Lingu e-commerce industry park on October 27, 2021 in Linyi, Shandong Province of China. Xu Chuanbao | Visual China Group | Getty Images BEIJING — Even as China’s newly rich internet celebrities keep smashing livestreaming sales records, businesses are finding other strategies that
Aimstock | Getty Images Social Security’s 5.9% cost-of-living adjustment for 2022 will be the biggest in decades. But those checks likely won’t go as far as inflation pushes prices higher on grocery store shelves and at gasoline pumps. Consumer Price Index data for October shows the cost of consumer goods climbed a record 6.2% from
skynesher | E+ | Getty Images A lawyer may be your first call when you decide you want a divorce, but a financial advisor should be your second. In many cases, a divorce has more impact on a person’s current and future financial well-being than any other event in their lives. Sound financial planning may
In this article TSLA CRWD DLTR Boeing 777, American Airlines. Massimo Insabato | Mondadori Portfolio | Getty Images Check out the companies making headlines in midday trading. Boeing — Shares of the jet maker jumped more than 5% after a company executive said Sunday it’s “getting close” to resuming deliveries of its 787 Dreamliner, after suspending
In this article WE The New York Stock Exchange welcomes WeWork, Inc. (NYSE: WE), today, Thursday, October 21, 2021, in celebration of its listing. To honor the occasion, Sandeep Mathrani, CEO, and Marcelo Claure, Chairman, joined by NYSE President Stacey Cunningham, ring The Opening Bell®. NYSE WeWork shares were up more than 1% in premarket
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, testifies during the Senate Health, Education, Labor and Pensions Committee hearing titled Next Steps: The Road Ahead for the COVID-19 Response, in Dirksen Building on Thursday, November 4, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images Covid-19 cases are starting
A customer selects goods at a supermarket in New York, the United States, Aug. 11, 2021. Wang Ying | Xinhua News Agency | Getty Images As inflation surges, the IRS has boosted federal income tax brackets for 2022, standard deductions, 401(k) contribution limits and more. But other provisions remain unchanged, leading to higher tax bills
A trader works on the floor of the New York Stock Exchange (NYSE) November 8, 2021. Brendan McDermid | Reuters U.S. stock futures were steady in overnight trading on Sunday as investors prepared to start the week after the S&P 500 broke a five-week winning streak. Dow futures rose about 30 points. S&P 500 futures
The air travel industry is “not quite out of the woods” — but the future could be brighter than the last 20 months, says Paul Griffiths, the chief executive of Dubai Airports. “We have room for optimism that the future, hopefully, is much brighter than the last 20 months,” he told CNBC’s Dan Murphy on
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