People working from home have more options for making their living abroad than ever before. In addition to the countries that initially opened to remote workers last year, new destinations have launched programs to tempt workers to ditch their home offices for tropical shores and year-round sun. What’s necessary? Employment outside of the intended
Month: February 2021
A staff member displays a burger with a Beyond Meat plant-based patty at VeggieWorld fair in Beijing, China November 8, 2019. Jason Lee | Reuters Check out the companies making headlines after the bell on Thursday: Beyond Meat – Beyond Meat shares rose as much as 14.7% in volatile trading on news that the plant-based
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Thursday announced that it has struck deals with fast-food giants McDonald’s and Yum Brands, sending shares up 7% in extended trading. The company
Workers assemble a Boeing 787 Dreamliner airplane at the Boeing Everett Factory in Everett, Washington. Patrick T. Fallon | Bloomberg | Getty Images The Federal Aviation Administration on Thursday said it fined Boeing $5.4 million after the manufacturer failed to meet the terms of a 2015 settlement and another $1.21 million to settle two other
Sinelia Louis will finally be eligible to apply for a PPP loan due to changes by the Biden administration that allow access for non-citizen small business owners. Sinelia Louis When Sinelia Louis, 50, heard about the recent changes to the Small Business Administration’s Paycheck Protection Program, she felt like her prayers had been answered. “I
recep-bg | E+ | Getty Images Spring typically represents a new beginning, a fresh start and a bright outlook for the future. This also indicates that the time is approaching for hundreds of thousands of high school seniors to decide on what college they will be attending. As a wealth advisor and parent of one
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, December 1, 2020. Susan Walsh | Pool | Reuters Stock investors are trying desperately to interpret what a rise in bond yields means for the stock market. Since February 10th,
Nuclear energy will “absolutely” be politically palatable, billionaire philanthropist, technologist and climate change evangelist Bill Gates recently told Andrew Ross Sorkin on CNBC’s “Squawk Box.” Nuclear power has to overcome a baneful reputation garnered by association with the atomic bomb and radioactive disasters, but it’s a necessary, worthy and surmountable challenge to correct the naysayers,
The logo of Swedish payment provider Klarna is shown on the display of a smartphone on April 22, 2020 in Berlin, Germany. Thomas Trutschel | Photothek | Getty Images LONDON — Klarna is close to finalizing a $1 billion funding round that would give the Swedish fintech company a valuation of $31 billion, two sources
An employee removes a pizza from the oven at a Domino’s Pizza restaurant in Rantoul, Illinois. Daniel Acker | Bloomberg | Getty Images Domino’s Pizza on Thursday reported quarterly earnings missed estimates as pandemic costs weighed on profits and U.S. same-store sales growth slowed. The pizza chain also released a new outlook for the next two to
McDonald’s Crispy Chicken Sandwich and Deluxe Crispy Chicken Sandwich Source: McDonald’s McDonald’s new line of chicken sandwiches could lift all chicken suppliers, particularly Tyson Foods and Pilgrim’s Pride, said a Bank of America Securities report released Thursday. The fast-food giant launched its Crispy Chicken Sandwich nationwide on Wednesday, spurred on by increased competition with Chick-fil-A
Kathy Kraninger, former president Donald Trump’s appointee to head the Consumer Financial Protection Bureau. Andrew Harrer/Bloomberg via Getty Images “Big deal” Both are a type of qualified mortgage, a category that carries legal protections for lenders from consumer lawsuits. That may happen, for example, if borrowers can’t make monthly payments and lose their homes to
A GameStop store is pictured in New York, January 29, 2021. Carlo AllegriI | Reuters Shares of GameStop surged more than 90% in afternoon trading on Wednesday as investors poured into the brick-and-mortar retailer amid a C-suite shake-up. GameStop announced Wednesday that its chief financial officer Jim Bell will resign on March 26. “Mr. Bell’s
martin-dm | E+ | Getty Images The amount of money raised by special purpose acquisition companies in the past year has soared. SPACs are an alternative way for companies to go public that differs from a traditional initial public offering in its process, speed, disclosure and regulatory requirements. Key participants involved in SPACs include SPAC sponsors
The Nasdaq’s slump may be just starting. Fundstrat Global Advisors’ Tom Lee sees a major market shift underway in which Big Tech starts to greatly underperform economically sensitive stocks. So, he’s telling investors to double down on epicenter trades, which are positioned to profit as the economy reopens. “A lot of these companies that were
Nvidia founder, President and CEO Jen-Hsun Huang Getty Images Nvidia beat elevated analyst expectations for both earnings and revenue for the fourth quarter of its fiscal year, which ended in December. Nvidia stock rose under 2% in extended trading. Here’s how Nvidia did: Earnings: $3.10 per share, adjusted, vs. $2.81 per share as expected by
Fan favorite Marvel villain Loki is making his debut on Disney+ on June 11. The long-awaited “Loki” series, which takes place after the events of “Avengers: Endgame,” stars Tom Hiddleston in the title role and will feature Owen Wilson. The series centers on an alternative version of Loki that escaped the Avengers’ custody during their
MoMo Productions | Getty Images Millions of self-employed and gig workers got good news this week. The Biden administration on Monday changed how the Small Business Administration’s Paycheck Protection Program calculates forgivable loans for the smallest firms and sole proprietors. But there’s a catch. The updated formula — which will likely lead to larger loan
Pavlo Gonchar | LightRocket | Getty Images The firm that provides clearing and settlement services for brokers proposed shortening the time it takes to settle a trade, amid the GameStop controversy that caused brokerages like Robinhood to restrict trading. The Depository Trust & Clearing Corporation, or DTCC, outlined what a T+1, or one-day settlement period,
For “Shark Tank” investor Kevin O’Leary, making videos on Cameo is a lucrative side hustle. “People ask me all the time about Cameo. It’s my side hustle,” O’Leary, chairman of O’Shares ETFs, tells CNBC Make It. On Cameo, customers can pay for personalized video shout-outs from thousands of celebrities, from Carole Baskin from Netflix’s “Tiger
Square‘s Cash App platform saw a surge in first-time bitcoin buyers last month, CFO Amrita Ahuja told CNBC on Wednesday. “We had 3 million people transact in bitcoin through Cash App in 2020 and 1 million who were new to bitcoin in January [2021],” Ahuja said on “Squawk Alley,” just a day after her company
Shoppers wearing protective masks wait in line to enter a Lowe’s Cos. store in San Bruno, California, U.S., on Wednesday, May 20, 2020. David Paul Morris | Bloomberg | Getty Images Lowe’s said Wednesday that its fourth-quarter same-store sales climbed 28.1%, as consumers continued to spend money on home projects during the pandemic. That’s higher
A healthcare worker holds a dose of the Johnson & Johnson vaccine against the COVID-19 coronavirus before administering it to another as South Africa proceeds with its inoculation campaign at the Klerksdorp Hospital on February 18, 2021. Phill Magakoe | AFP | Getty Images The United States stands ready to deliver up to 4 million
Al Drago | Getty Images News | Getty Images The measure, the American Rescue Plan Act of 2021, would pay unemployed workers an extra $400 a week through Aug. 29. Those additional relief payments would raise federal spending by about $163 billion through 2022, according to a cost estimate the Congressional Budget Office issued last
Workhorse W-15 Electric Pickup Truck. Source: Workhorse Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service. Amid heightened volatility, the stock was halted multiple times during the last half hour of trading, before ultimately finishing the
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 The mystery of what happened to critical evidence proving Theranos’ blood-testing technology didn’t work deepened
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — The southwestern Chinese city of Chengdu announced Tuesday it will hand out roughly $6 million in the latest test of the central bank’s digital currency. The scale of
Walk with JB Straubel through the Redwood Materials recycling plant in Carson City, Nevada and one thing stands out: Pallets stacked on top of pallets filled with old batteries, defective battery cells and scrap material from the nearby Panasonic plant. “The sheer magnitude of the waste and scrap problem and the magnitude of batteries that
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in front of the Bitcoin course’s graph on February 09, 2021 in Paris, France. Chesnot | Getty Images Bitcoin‘s roller-coaster ride has continued, flashing a warning sign for curious investors who may be interested in putting money in the highly
Pavlo Gonchar | LightRocket | Getty Images Hedge funds are still licking their wounds after a retail trading frenzy forced the industry to slash its overall exposure to stocks, leading to an underperformance in 2021. Last month, an army of retail investors who coordinated on social media managed to push GameStop shares up 400% in
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