Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Sept. 14, 2021. Bill Clark | Bloomberg | Getty Images Foreign public companies that are listed in the United States may be delisted if their auditors do
Month: December 2021
A cityscape of Tel Aviv, with the first skyscraper, The Meir Shalom tower, in front, and newer buildings such as the Azrieli towers and Moshe Aviv tower in the back. Ilan Shacham | Getty Images Tel Aviv, Israel, is now the most expensive city in the world to live in, according to a biannual report
A trader works on the trading floor of the New York Stock Exchange in New York, Nov. 30, 2021. Michael Nagle | Xinhua News Agency | Getty Images Stock futures were lower in overnight trading Thursday ahead of the November jobs report as the market nears the end of a roller-coaster week driven by Covid
In this article DG Popshelf stores are roughly 9,000 square feet and carry items such as home goods, seasonal decor and party supplies, including items from Dollar General’s private brands. Dollar General Dollar General debuted a new store called Popshelf about a year ago, aimed at wealthier, suburban shoppers who enjoy the hunt for a
Hycan CEO Yang Ying speaks with CNBC’s Evelyn Cheng during the 2021 East Tech West conference in the Nansha district of Guangzhou, China. GUANGZHOU, China — Chinese electric car start-up Hycan hasn’t delivered many vehicles yet, but it claims it’s on the verge of a large fundraise as investors pour more money into a hot
► Read more at https://on.ft.com/2JyzXPg Four multimillion-pound F-35 stealth fighter jets have landed in the UK from the US. David Bond, FT security and defence editor, analyses how these new aircraft fit into the UK’s air defence strategy and their effectiveness. ► Subscribe to FT.com here: http://bit.ly/2GakujT ► Subscribe to the Financial Times on YouTube:
courtneyk | E+ | Getty Images With soaring home values, many sellers expect a sizable profit when listing their property. However, capital gains taxes may put a damper on their windfall. Home sales profits are considered capital gains, taxed at federal rates of 0%, 15% or 20% in 2021, depending on income. The IRS offers
Vice President Kamala Harris speaks at NASA’s Goddard Space Flight Center on Nov. 5, 2021. Taylor Mickal / NASA The first National Space Council of the Biden administration is meeting on Wednesday, with Vice President Kamala Harris set to outline the White House’s approach to space policy. Revived after two decades under the previous presidency,
People outside courthouse for the trial of Elizabeth Holmes. Yasmin Khorram | CNBC SAN JOSE, CALIF. — As Elizabeth Holmes testifies in her own defense, she’s getting a little help from her friends. CNBC has learned Holmes has called former friends and sorority sisters from Kappa Alpha Theta at Stanford asking if they would go
Mike Stocker/South Florida Sun Sentinel/Tribune News Service via Getty Images More than $87 billion in unemployment benefits funded by the federal government was likely siphoned from the system during the Covid-19 pandemic, much of it due to fraud, according to a U.S. Department of Labor report. Congress authorized many new programs in the pandemic’s early
In this article SIG Signage for Kay Jewelers, a subsidiary of Signet Jewelers Ltd., is displayed on the exterior of a store in New York. Bloomberg | Bloomberg | Getty Images Shares of Signet Jewelers rose in premarket trading Thursday after the parent company of Kay Jewelers, Zales and Jared reported fiscal third-quarter earnings ahead
In this article NOC Concept art of a “Starlab” space station Nanoracks NASA awarded a trio of companies with contracts to develop private space stations, as the agency prepares for the retirement of the International Space Station. Jeff Bezos’ Blue Origin, Northrop Grumman, and Nanoracks were awarded a combined $415.6 million under NASA’s Commercial LEO
Christine Schneider | Cultura | Getty Images A proposal for federal paid family leave is at risk of ending up on the chopping block as Washington lawmakers work to finalize new social spending legislation. Cutting the plan out of the Build Back Better package could cripple Democrats’ chances in key Senate races next year, advocates
vitapix | E+ | Getty Images It’s a small but growing focus in the environmental, social and governance investing movement: gender equity. So-called gender-lens investing prioritizes companies with higher representation of women on their boards and in management positions, as well as those that score well on pay equity and other workplace policies that especially
In this article F AMD NVDA CNBC’s Jim Cramer said Wednesday he’s not ready to sell any shares Nvidia yet, even though he recently booked some profits in two other big charitable trust winners Advanced Micro Devices and Ford. Cramer told “Fast Money Halftime Report” he believes that Nvidia could be a $10 trillion stock
Long before the Great Resignation drove record numbers of American workers to quit their jobs in the wake of the pandemic, quitting had been a key part of my career growth and wealth-building strategy. I started my first full-time job in 2010, at age 22. Since then, I’ve quit jobs six times — increasing my
A QR code for digital payment services WeChat by Tencent and Alipay by Ant Group, an affiliate of Alibaba Group, is displayed at a parking lot on December 27, 2020, in Yichang, Hubei province of China. Wang Jianfeng | Visual China Group | Getty Images GUANGZHOU, China — Barriers between China’s tech rivals like Alibaba
In this article SNOW Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO. He is known as a demanding leader, and straight shooter. “I’ve often been in board meetings at other companies and the CEO will put up a list of 10 priorities … well, that’s the same as having no priorities,”
SINGAPORE — The new Covid variant omicron will likely “overwhelm the whole world” in the coming months, according to a Singapore-based infectious disease doctor. While vaccines against the strain can be developed quickly, they need to be tested over three to six months to prove that they can provide immunity against the variant, Dr. Leong Hoe
SolStock | E+ | Getty Images Looking for a meaningful holiday gift? Consider putting money toward a child’s future education costs. Nearly half of parents (45%) may ask family and friends this year to contribute to a 529 college savings plan for their kids, according to a survey from the College Savings Foundation. That compares
Fizkes | Getty Images Another year of grappling with coronavirus has led to significant tax law changes for the 2021 season. While year-end tax planning is always important, recent adjustments — and the possibility of more on the horizon — may offer unique benefits along with potential pitfalls. Here are some of the biggest changes
A software rendering shows a recreation of Russia’s anti-satellite weapons test and the destruction of satellite Kosmos 1408, with the debris field in red. AGI The Pentagon called for a global halt to anti-satellite weapons testing on Wednesday, further decrying the practice after Russia’s destructive demonstration last month showered low Earth orbit with debris. “We
CEOs and corporate insiders have sold a record $69 billion in stock in 2021, as looming tax hikes and lofty share prices encourage many to take profits. From Satya Nadella at Microsoft to Jeff Bezos and Elon Musk, CEOs, founders and insiders have been cashing in their stock at the highest pace on record. As
In this article CRM VRTX LEN Salesforce signage outside office building in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Wednesday: Allbirds — Allbirds shares sunk more than 13% after the shoe maker’s losses grew in the third quarter, even as its revenue rose from last year. The quarterly
In this article BIRD A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Allbirds said Tuesday that its third-quarter revenue rose 33% from last year, while its losses widened as the cost of opening stores and listing its
Shoppers ascend and descend an escalator at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters Is it beginning to look a lot like Christmas? Perhaps not, this year. With 24 days until the big holiday, retailers hope consumers will keep spending. Shoppers started purchasing holiday gifts early
MoMo Productions | Stone | Getty Images Amid the “Great Resignation” and ongoing pandemic, millions of Americans are quitting their jobs to become their own bosses. In October, there were about 9.44 million unincorporated self-employed individuals in the U.S., according to data from the U.S. Bureau of Labor Statistics. Since April 2020, the number of
Camille Tokerud Photography Inc. | Stone | Getty Images Your elderly mother is getting forgetful and confused. What do you do now? “Waiting until a senior’s decline is evident may already be too late,” said certified financial planner Ralph Bender, founder of Enduring Wealth Advisors in Temecula, California. When is the right time for adult
Bridgewater Associates’ Ray Dalio stood by his belief that cash is not the place to be despite the volatility in the markets triggered by the new omicron Covid variant. “Cash is not a safe investment, is not a safe place because it will be taxed by inflation,” the founder of the world’s biggest hedge fund
Elizabeth Holmes, founder of Theranos Inc., arrives at federal court in San Jose, California, U.S., on Tuesday, Nov. 30, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — In her first day facing questions from the prosecution, Theranos founder Elizabeth Holmes admitted that she tried to get News Corp’s Rupert Murdoch