Think twice before celebrating that large refund check from Uncle Sam. The IRS had doled out 45.5 million refunds as of Feb. 28, with the average refund check totaling $3,064. That amount is just $4 less than last year’s average refund. Filers have reasons to celebrate their small windfall. Most have ambitious plans for their
Source: Leidos A government contractor Stifel deemed “The Terminator” could be one of the best bets to lead the market back after the coronavirus sell-off, according to Wall Street analysts. Analysts have been getting behind Leidos as the outbreak has spread around the world. In the last three weeks, Wells Fargo and Stifel upgraded the stock to
A security guard stands in a greenhouse of Tilray medical cannabis producer’s European production site in Cantanhede, on April 24, 2018. Patricia De Melo Moreira | AFP | Getty Images Canada-based pot firm Tilray reported a bigger quarterly loss on Monday, hurt by an impairment charge related to its assets and higher costs, as oversupply
Daniel Craig stars as James Bond in “No Time To Die.” MGM The coronavirus outbreak may have pushed ”No Time to Die” to trade its April box-office release in favor of a November one, but that doesn’t mean other Hollywood blockbusters are going follow suit. As the number of countries reporting new cases of COVID-19 grows,
A man runs past the New York Stock Exchange (NYSE). Bloomberg Hundreds of Wall Street traders are about to change their commute starting Monday. Citigroup is traders and salespeople from its headquarters in downtown Manhattan to a backup facility in Rutherford, New Jersey next week in contingency plans tied to the coronavirus, according to a
If you’ve been considering overseas retirement spots, the rapid spread of the new coronavirus around the globe might be giving you pause. That may not be a bad thing, say some experts. While it’s tricky to predict where and when any contagion — whether this coronavirus or another pathogen — will emerge, a key consideration
Panic selling not only locks in losses but also puts investors at risk for missing the market’s best days. Looking at data going back to 1930, Bank of America found that if an investor missed the S&P 500’s 10 best days in each decade, total returns would be just 91%, significantly below the 14,962% return
Hyatt Regency Orlando International Airport. Source: Orlando International Airport Hyatt Hotels said on Monday it was withdrawing its 2020 earnings outlook, as the coronavirus outbreak spreads across the globe hurting travel demand. The company had previously forecast adjusted profit for 2020 between $760 million and $780 million. Greater China revenue per available room (RevPAR) has been
Customers wearing protective masks wait in line to enter a McDonald’s restaurant during lunch time in Shanghai, on March 2, 2020. Qilai Shen | Bloomberg | Getty Images Starbucks baristas are washing their hands every 30 minutes. McDonald’s employees are cleaning surfaces like door handles, self-order kiosks and table tops more frequently. Reusable mugs are
Farmer Dana Putnam tries to tap a maple tree for sap, but is unsuccessful. His trees are producing less sap as the climate changes. Emma Newburger | CNBC ORANGE COUNTY, NY — Dana Putnam drilled into a maple tree, added a plastic tube and waited for the sap to flow. Nothing happened. It’s the end
Mānuka honey known for being is earthier, richer, and more viscous than many other honeys. It comes from the nectar of the flower of Leptospermum scoparium — also known as Manuka, which is only native to New Zealand. Mānuka, in fact, is a Maori word. “The plant itself is very rare. It’s difficult to harvest
It’s been 10 years since Stephen Colbert ripped into President George W. Bush and the media at the 2006 White House Correspondents’ Dinner. Watch how, in Colbert style, he held no punches.
No pain, no gain … no risk, no reward. As with most platitudes, you’ve likely heard those lines so many times that by now they’ve lost their meaning. Most of us understand that to amass enough savings to buy a first home, send a child to college or retire before 70, we have to surrender
Virtu Financial founder Vincent Viola said Friday that the strength of the U.S. economy is a signal that now is a good time to buy stocks despite the recent sell-off. Viola told CNBC’s Scott Wapner on “Halftime Report” that the labor market showed that the U.S. economy was still strong. “I am of the opinion
Visa Inc. credit and debit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, April 22, 2019. Andrew Harrer | Bloomberg | Getty Images Visa warned on Monday that its second-quarter revenue growth would be slower than its previous forecast, becoming the latest payments services provider to be affected by the coronavirus
Tom Holland and Chris Pratt voice teenage elf brothers in Pixars’ “Onward.” The pair embark on a quest to spend one last day with their father, who died when they were too young to remember him. Disney Pixar has set a high standard for animated movies over the last 25 years, but its latest title
Traders work during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images The S&P 500 has never behaved like this, but Wall Street strategists say get used to it. Investors just witnessed the equity benchmark swinging
Damircudic | Getty Images When it comes to saving for retirement, many working women are falling short. Almost one-fifth, or 19%, of working women have nothing saved for retirement, according to a new CNBC/SurveyMonkey Women at Work Survey. The poll surveyed 1,068 working women in the U.S. from Feb. 10-14. “It’s not because women don’t
Traders work on the floor of the New York Stock Exchange on February 27, 2020. Scott Heins | Getty Images Fears that the fast-spreading coronavirus will disrupt global supply chains and tip the economy into a recession are gripping investors on Wall Street. In a tumultuous week for equities, the 30-stock Dow swung 1,000 points
My first experience with the small, but rapidly growing movement to eliminate handshaking was in a chiropractic office in Singapore two weeks ago. “Are you shaking hands? Some people aren’t these days,” the chiro said, extending his hand before awkwardly retracting it. I did — to break the oddness of the moment — but
People load Clorox into their car in the Costco parking lot after the first confirmed case of coronavirus was announced in New York State, in Brooklyn, New York, March 2, 2020. Andrew Kelly | Reuters Costco reported stronger sales than analysts were expecting Thursday, thanks in part to a boost the company received from consumers stocking
Brian Niccol, CEO of Chipotle Mexican Grill Adam Jeffery | CNBC Chipotle Mexican Grill founder Steve Ells has stepped down from the chain’s board and relinquished his title of executive chairman after current CEO Brian Niccol was named chairman. “Brian has proven that he is absolutely the right person to lead Chipotle forward and I’ve
The “Fast Money” traders share their first moves for the market open. Steve Grasso was a buyer of Snap. Brian Kelly was a buyer of SPDR Gold Shares. Karen Finerman was a seller of S&P 500 ETF puts. Guy Adami was a buyer of FireEye. Disclaimer Trader disclosure: Brian Kelly is Long Bitcoin, Ethereum. Long GLD,
“Secrecy World” author Jake Bernstein explains how the super-wealthy hide billions using tax havens and shell companies. ————————————————– Follow Business Insider on Twitter: https://twitter.com/businessinsider Follow BI on Facebook: http://bit.ly/1W9Lk0n Read more: http://www.businessinsider.com/ ————————————————– Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Emma Dunkley, FT retail banking correspondent, examines the risks and benefits of alternative peer-to-peer lending platforms, which use technology to match lenders to borrowers directly in an easier and more efficient way than traditional banking. ► FT Business: http://bit.ly/1KUK08s ► Lex: http://bit.ly/1I14JZF For more video content
June 1 — Patrick McCurdy, head of capital introduction at Wells Fargo Prime Services, explains how small hedge funds go about raising capital and how much money is needed to start a fund. He speaks on “Market Makers.” — Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis of international business
Seattle-based startup VICIS has designed a new helmet that can reduce the impact of blows to the head. Can it make football safer?
sturti | Getty Images If your phone rings and someone says it’s the Social Security Administration, it probably isn’t. By now, you may have received one of those calls, or know someone who has. And because these scams, which try to dupe unsuspecting individuals into coughing up money are becoming more prevalent, the government is
Greycroft chairman Alan Patricof said Thursday the recent market pullback was a “blip” and that investors should remain calm. “This is a blip, and we’ve seen a lot of blips in the last 20 years,” Patricof said on CNBC’s “Closing Bell.” Stocks sold off dramatically again on Thursday, continuing a volatile period of trading that
Wall Street Democrat Roger Altman told CNBC on Thursday that the stock market’s reaction to Joe Biden‘s resurgence in the Democratic presidential primary is because his chief rival, Sen. Bernie Sanders, is viewed as unelectable. “The greater the extent that Biden is seen as the Democratic nominee, I think investors will be comforted,” Altman said