A trader works on the floor at the New York Stock Exchange (NYSE) in New York, August 20, 2021. Andrew Kelly | Reuters U.S. stock futures were steady in overnight trading Wednesday as investors remained cautious on the remaining months of trading. Dow futures fell just 9 points. S&P 500 futures were flat and Nasdaq
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Dallas Cowboys wide receiver Brandon Smith (80) runs for a first down during the game between the Dallas Cowboys and the Jacksonville Jaguars on August 29, 2021 at AT&T Stadium in Arlington, Texas. Matthew Pearce | Icon Sportswire | Getty Images The National Football League is on the clock and ready to commence its 102nd
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Tommy DeVoss used to break into websites illicitly. But after serving time for his crimes, he now uses his skills to earn an honest living. Through arrangements known as bug bounty programs, companies pay him to find security holes in their systems. He’s now earned more than $1 million in this emerging profession. This is
The word “taxes” is seen engraved at the headquarters of the Internal Revenue Service (IRS) in Washington, D.C., U.S., May 10, 2021. Andrew Kelly | Reuters There’s an important deadline approaching for the self-employed, small business owners, gig economy workers, investors and other filers on Sept. 15. Because income taxes are pay-as-you-go, filers without withholdings
In this article COIN People watch as the logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Coinbase has received notice of a possible enforcement action from the Securities and Exchange Commission related
In this article CG (Click here to subscribe to the new Delivering Alpha newsletter.) Kewsong Lee is closing out one trip around the sun as sole CEO of The Carlyle Group. It was a unique year for the private equity firm — which oversees more than $270 billion in private assets — with the multitude of challenges
In this article GENI Genius Sports. Genius Sports National Football League data rights partner Genius Sports reported second-quarter earnings Wednesday morning. Revenue doubled year-over-year but it reported a big loss. Shares of Genius Sports were up about 2.5% on Wednesday morning. Genius provides NFL play-by-play stats and Next Generation data for sports gambling companies, allowing
Aerial views of the $500 Million dollar mansion dubbed “The One” in Bel Air, California. Google Earth A Los Angeles megamansion once expected to list for $500 million has gone into receivership after the owner defaulted on more than $165 million in loans and debt, according to court filings. The 105,000-square-foot Bel Air estate, known
U.S. Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles P. Rettig at a June 8, 2021 Senate Finance Committee hearing. Tom Williams | Pool | Reuters Congressional Democrats are floating a slew of taxes to help cover their $3.5 trillion budget plan, including new levies on the wealthy. Senate Finance Committee Chairman
Sinenkiy | iStock | Getty Images The Social Security cost-of-living adjustment for 2022 could be the highest it has been in decades. The latest estimates from The Senior Citizens League, a nonpartisan senior group, point to a possible 6.2% increase for next year based on the latest Consumer Price Index data. In comparison, this year’s
The CEO of the investment firm running the world’s biggest bitcoin fund sounded off on comments made by Securities and Exchange Commission chair Gary Gensler about the likely approval path for the first U.S. bitcoin ETF. Michael Sonnenshein, CEO of Grayscale Investments, warned on Tuesday that the SEC would be making a mistake if it
WOODSIDE, CALIF. — On the same day that former Theranos CEO Elizabeth Holmes was granted a delay in her criminal fraud trial due to a pregnancy, her partner was issued a traffic citation. William “Billy” Evans received a citation on March 17 for “failure to display license place,” according to San Mateo County court records.
September may historically be a rough month for stocks, but it didn’t stop National Securities’ Art Hogan from hiking his S&P 500 year-end target by 7%. He made the bullish move based on a strong second quarter earnings season and the notion Covid-19 delta variant cases are likely peaking. “September gives us a chance to
Pilots talk as they look at the tail of an American Airlines aircraft. Mike Stone | Reuters The labor union that represents American Airlines‘ pilots said Tuesday that it is making plans to picket at the carrier’s major hubs this fall to protest overscheduling, fatigue and a lack of hotels for crews over the summer.
Tim Robbins | Getty Images The U.S. is one of the few industrialized countries without a national paid family leave policy. Democratic lawmakers are expected to get a long-awaited chance to address that when budget reconciliation legislation comes up on Capitol Hill this month. Now, a new survey from the Bipartisan Policy Center and Morning
Westend61 | Westend61 | Getty Images Recent upticks in inflation have renewed interest from investors in assets that may help preserve the real (inflation-adjusted) value and purchasing power of their portfolio. The good news is that the typical investor’s portfolio will likely contain all the inflation-fighting tools that they need — such as stocks and
ANGELA WEISS The head of the U.K.’s financial watchdog singled out an Instagram ad posted by Kim Kardashian, that promoted Ethereum Max, in a speech warning of the risks of “speculative” cryptocurrency tokens. Charles Randell, chair of the U.K.’s Financial Conduct Authority, said in a speech on Monday that Kardashian had asked her more than
Westend61 Forty-eight percent of renters worry they won’t be able to buy a home during their lifetimes, according to a new Lending Tree survey. That concern is largest among renters in Generation X (41 to 55 years old) and millennials (25 to 40 years old). To that point, 55% of Gen X renters and 52%
In this article HOL.N-CH GE SGRE-ES ENR-DE RWE-DE Wind turbine in backlight Jorg Greuel | DigitalVision | Getty Images Siemens Gamesa Renewable Energy said Tuesday it had launched a recyclable wind turbine blade, a move which represents the latest example of how the industry is attempting to find ways to re-use materials. In a statement,
People wait in line in Louisville, Kentucky, as Kentucky Labor Cabinet reopened 13 regional Career Centers for in-person unemployment insurance services on April 15, 2021. Amira Karaoud | Reuters Enhanced federal unemployment insurance put in place during the coronavirus pandemic ended this weekend, after nearly a year and a half. That means some 9 million
In this article IYG A trader works on the floor of the New York Stock Exchange. Getty Images U.S. stock futures opened slightly higher Monday night after the Dow slipped from a record high on Friday before the three-day Labor Day weekend. Dow Jones Industrial Average futures rose by 82 points, or 0.23%. S&P 500
The world “desperately” needs rich countries to deliver on their pledges to donate Covid-19 vaccines to poorer nations, former New Zealand Prime Minister Helen Clark said Monday. Her comment came after health ministers from the Group of 20 leading economies reportedly agreed — on the first of their two-day meeting in Rome — to ensure
In this article GME Getty Images Teenagers have mixed feelings about the stock market after GameStop‘s trading frenzy, according to a survey from nonprofit youth organization Junior Achievement USA and tax, accounting and consulting firm RSM examining their beliefs about investing. Following GameStop’s rises and falls, 39% of teens see the stock market as an
The pandemic is spurring changes to Machu Picchu, some of which may last long after the global outbreak ends. The 15th century Incan archeological site has been a poster child for over-tourism for years, with visitors reporting trips to the site’s Citadel being ruined by crowds. The pandemic may have helped that. New rules now
George Town, Grand Cayman Noel Hendrickson Europe’s biggest banks are booking an average of 20 billion euros ($23.7 billion) in tax havens every year, according to a new report. That accounts for 14% of their total profits, the analysis found. Published Monday, the report from the EU Tax Observatory looked into the activities of 36
In this article VOW3-DE Technicians work in the assembly line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021. Matthias Rietschel | Reuters Car manufacturers including Ford, Volkswagen and Daimler are still struggling to deal with the impact of the global chip shortage, with executives from each of the companies
A Chinese bank clerk counts yuan banknotes at a bank in Huaibei, east Chinas Anhui Province, July 6, 2012. Jie Zhao | Corbis News | Getty Images BEIJING — Chinese investors are turning to the local stock market as once-lucrative options like real estate and cryptocurrencies have fallen under tighter government scrutiny. Since late July,
In this article BNTX MRNA PFE Top infectious disease expert Dr. Anthony Fauci responds to accusations by Sen. Rand Paul (R-KY) as he testifies before the Senate Health, Education, Labor, and Pensions Committee on Capitol hill in Washington, D.C., U.S., July 20, 2021. J. Scott Applewhite | Reuters The U.S. will likely start to widely
Nissan Motor Co.’s former top lawyer, who led an internal investigation into alleged financial misconduct by Carlos Ghosn, said he endured retaliation, demotions and even surveillance of his family after questioning the integrity of the probe. Former Global General Counsel Ravinder Passi, speaking for the first time about the fallout from the arrest of Nissan’s