Katherine C. Tai addresses the Senate Finance committee hearings to examine her nomination to be United States Trade Representative, with the rank of Ambassador, in Washington, DC February 25, 2021. Bill O’Leary | Pool | Reuters WASHINGTON — The Biden administration announced Wednesday that it supports waiving intellectual patent protections for Covid-19 vaccines, as countries struggle
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Scott Olson | Getty Images There’s a chance someone holding a Mega Millions ticket is about to become one of the wealthier people in the U.S. The jackpot for Tuesday night’s drawing is $345 million (lump sum cash option: $234.6 million). While you may be daydreaming about what you’d buy with the money if you’re
In this article ARKK ARKQ Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management LLC, speaks during the Sooner Than You Think conference in the Brooklyn borough of New York on Tuesday, Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images Star manager Cathie Wood’s flagship fund —ARK Innovation —
Former Theranos CEO Elizabeth Holmes outside a hearing in her criminal fraud trial on May 4, 2021. CNBC A pregnant Elizabeth Holmes appeared in court for the first time in 15 months for three days of hearings that will set the stage for her criminal fraud trial. At Tuesday’s session in the San Jose federal
Gamers of the Philadelphia Fusion, left, and London Spitfire teams compete during the Activision Blizzard Inc. Overwatch League Grand Finals at Barclay Center in the Brooklyn Borough of New York, U.S., on Friday, July 27, 2018. Christopher Lee | Bloomberg | Getty Images Check out the companies making headlines after the bell on Tuesday: Activision
In this article LYFT Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images Ride-hailing
The White Lion pub seen at Covent Garden, UK. SOPA Images | LightRocket | Getty Images As countries come out of lockdown, pub and restaurant owners have a simple plea for punters: honor your bookings. Drinkers and diners who fail to cancel before blowing off a reservation were estimated to cost the British hospitality industry
Austin Hossfeld and his wife, Hayley. Photo: Austin Hossfeld Every day, Austin Hossfeld types the same words into Google: “Biden” and “student loans.” “A lot of the times, it’s the same articles,” Austin, 26, said. “I re-read them. “At night, I talk to my wife about it.” Like so many other Americans, the Carroll, Ohio,
Cars line up to pick up food boxes at the Athens County Fairgrounds in Athens, Ohio, on Dec. 19, 2020. BRAD LEE | AFP | Getty Images The U.S. economy is on the mend. But the unequal — or K-shaped — nature of the recovery persists. Economic activity is on pace to return to pre-pandemic
A Starlink user terminal being set up. SpaceX Elon Musk’s SpaceX has received more than 500,000 orders so far for the satellite internet service its rolling out, the company announced on Tuesday. “To date, over half a million people have placed an order or put down a deposit for Starlink,” SpaceX operations engineer Siva Bharadvaj
San Francisco 49ers quarterback Jimmy Garoppolo’s future with the NFL is reportedly in limbo after he suffered angle strains throughout the 2020 season and since his team drafted a new rookie quarterback. But at 29, Garoppolo has already had a lot of success. In addition to winning two Super Bowl rings as a backup quarterback
Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE U.S. stock futures were flat in overnight trading on Tuesday following a session defined by major weakness in technology stocks. Dow futures rose just 12 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures dipped 0.05%. In after-hours
People walk by a CVS Pharmacy store in the Manhattan borough of New York City. Shannon Stapleton | Reuters CVS Health reported a strong first quarter and raised its full-year forecast, as customers came to its stores for Covid-19 vaccinations, tests and prescriptions. Shares of the company were up 3% early Tuesday in premarket trading.
Images By Tang Ming Tung The U.S. government has sent billions of dollars in stimulus checks to Americans since the onset of the Covid-19 pandemic. Yet some people may still be asking, “Where is my money?” If you feel that you may have been left in the lurch, there is a way to claim the
Kelvin Murray | Getty Images It’s no secret that the Covid-19 pandemic has hurt workers of all ages. Yet when it comes to older workers — those ages 50 to 62 and up — some may have fared worse than they did during the Great Recession, according to recent research from the Center for Retirement
Tetra Images | Getty Images Tax refunds on 2020 unemployment benefits are slated to start this month. But some taxpayers — namely, single filers — will get the money sooner than others. It may be summer before other groups, such as married couples and those with complex tax returns, get their refunds, according to the
Alan Patricof, a longtime tech investor and Democratic donor, told CNBC on Monday he is not concerned about the prospect of higher capital gains taxes for wealthy Americans. In an interview on “Closing Bell,” the co-founder of venture capital firm Greycroft did not throw his support behind a specific rate for the capital gains tax.
In this article MOS XPO FDS NA-CA Check out the companies making headlines after the bell on Monday: Mosaic — Shares of the fertilizer maker dipped more than 3% in extended trading after the company’s first-quarter results were released. Mosaic earned 57 cents per share excluding items on $2.3 billion in revenue. Analysts surveyed by
In this article F Getty Images DETROIT – Ford Motor easily beat Wall Street’s expectations for the first quarter despite an ongoing global semiconductor chip shortage causing low inventories and factory closures. So why are shares of the automaker down by as much as 10.4% during intraday trading Thursday? The negative reaction by investors is
A man with his bicycle on a street in the old quarters of New Delhi on April 19, 2021, as India’s capital will impose a week-long lockdown from tonight, officials said, while the megacity struggles to contain a huge surge in Covid-19 cases with hospitals running out of beds and oxygen supplies low. Sajjad Hussain
Image Source | Getty Images The wealthiest Americans may soon face a slew of tax hikes. President Joe Biden wants to raise taxes on single filers likely with income over $452,700 and couples earning more than $509,300. But the plan may wind up penalizing some higher-earning married couples. The marriage penalty “It’s not the first
House Ways and Means Committee Chairman Richard Neal. Matt Stone | Boston Herald | Getty Images The House Ways and Means Committee is poised to consider a bill on Wednesday that would make changes to how U.S. workers save for retirement. The measure, known as the Securing a Strong Retirement Act of 2021, comes less
Wealthy families could face combined tax rates of as much as 61% on inherited wealth under President Joe Biden’s tax plan, according to a recent analysis and tax accountants. As part of his American Families Plan, Biden is proposing to nearly double the top tax rate on capital gains and eliminate a tax benefit on
Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE Stock futures held steady in overnight trading on Monday after a strong start to May as investors piled into shares that would benefit the most from an economic reopening. Futures on the Dow Jones Industrial Average were little changed.
In this article TWTR CEO of Twitter Jack Dorsey testifies before the Senate Intelligence Committee on Capitol Hill in Washington, DC, on September 5, 2018. (Photo by Jim WATSON / AFP) (Photo credit should read JIM WATSON/AFP/Getty Images) Jim Watson | AFP | Getty Images Twitter’s stock was down more than 10% in after-hours trading
In this article M WMT JWN AMZN GOOGL FB 9988-HK Source: Bloomingdale’s PR On a recent weeknight, Jimmy Choo’s Creative Director Sandra Choi logged into Zoom to broadcast live to dozens of Bloomingdale’s customers. The livestreamed event, organized by the department store, ran for about 45 minutes, during which Choi highlighted some of the biggest
PeopleImages | E+ | Getty Images If you are in the market for a new house, you may be overlooking one key to your success: your credit score. That three-digit number has a direct impact on your ability to get a mortgage and what interest rate you will pay. Mortgage rates are at two-month lows,
Astra VP of manufacturing Bryson Gentile, left, and CEO Chris Kemp take a protective cover off a rocket fairing half. Michael Sheetz | CNBC ALAMEDA, California — Rocket builder Astra wants to simplify the launch business, with the soon-to-be-public company on a quest to both cut manufacturing costs while dramatically increasing the number of launches
A woman walks by Bank Of Ireland ATMs in Dublin city center. NurPhoto | NurPhoto | Getty Images DUBLIN — The complexion of Irish banking has changed drastically. Over the space of just a few weeks, NatWest-owned Ulster Bank announced it was shutting down operations while KBC Ireland entered talks to sell off its loan
In this article QSR-CA Jose Cil, CEO of Restaurant Brands International, speaks during an interview with CNBC on the floor at the New York Stock Exchange, November 6, 2019. Brendan McDermid | Reuters Restaurant Brands International on Friday reported quarterly earnings that topped Wall Street’s expectations as its systemwide sales surpassed 2019 levels. Shares of the company
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