Delivery workers wait for the light to turn green at a major intersection in Beijing on July 30, 2021. Evelyn Cheng | CNBC BEIJING — Investors in Chinese companies were caught off guard this summer by Beijing’s actions against homegrown tech giants, including comments about overseas-listed shares. One of the surprises was a mandate in
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Dr. Peter Hotez told CNBC that he’s glad the Centers for Disease Control and Prevention updated its guidance and urged pregnant women to get vaccinated, especially in light of the widespread misinformation campaigns geared toward pregnant women. “Unfortunately, the bad guys, the anti-vaccine groups, put out a lot of fake information claiming that Covid-19 vaccines
10’000 Hours | DigitalVision | Getty Images New Consumer Price Index data points to a possible 6.2% cost-of-living adjustment for Social Security recipients for 2022, according to the latest estimate from the Senior Citizens League. That’s up from a 6.1% estimate the nonpartisan senior advocacy group projected last month. Social Security’s annual cost-of-living adjustment is
Money in a special needs trust can cover supplemental needs not covered by Medicaid and SSI. Uwe Umstaetter | Getty Images Democratic leaders in Washington, D.C., have touted a $3.5 trillion spending package aimed at helping to fight poverty. Yet initial drafts have not included proposed reforms to enhance Supplemental Security Income — also known
In this article PYPL The Ebay Inc. Venmo application (app). Andrew Harrer | Bloomberg | Getty Images Venmo launched a credit card feature Tuesday that allows users to convert their cash-back rewards into bitcoin and other cryptocurrencies. The development is part of the broader crypto strategy of Venmo parent PayPal. The company launched a business
Donor-advised funds have become “wealth-warehousing vehicles” that give tax benefits to the wealthy without honoring their charitable mission, according to a leading philanthropist. In an interview with CNBC Monday, billionaire philanthropist John Arnold said donor-advised funds are hoarding more than $100 billion in charitable gifts that should be going to communities in need. He said
Win McNamee | Getty Images News | Getty Images Higher taxes for the rich edged closer to reality on Wednesday morning, after Senate Democrats passed a $3.5 trillion budget plan along party lines. The blueprint would raise taxes on wealthy Americans and corporations and beef up tax enforcement to fund additional spending on education, paid
In this article DOCS Jeff Tangney, CEO, of Doximity at the New York Stock Exchange for their IPO, June 24, 2021. Source: NYSE Doximity shares jumped as much as 10% in extended trading Tuesday after the online health company, which held its stock market debut in June, said quarterly revenue doubled. Here’s how the company
In this article VACQ Rocket Lab’s Photon satellite in orbit around the Earth. Rocket Lab Rocket Lab announced a deal with start-up Varda Space Industries on Wednesday to provide three Photon spacecraft to support Varda’s first in-space manufacturing missions beginning in 18 months. “In simple terms, we are the real estate and the utilities for
Alex Potemkin | E+ | Getty Images Being ultra-tech-savvy apparently isn’t enough to protect you from online scams, a new report suggests. The number of individuals age 20 or younger — members of Generation Z who have grown up on smartphones and the internet — reporting they are victims of cyber-fraud has surged 156% over
Jane Fraser speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup told employees that they’ll need to get the Covid-19 vaccination before returning to its offices, becoming one of the only major U.S. banks to take that stance. The
1995 McLaren F1 Photo: Mike Maez | Gooding & Co. The Super Bowl of super-rich car collecting kicks off in Monterey, Ca. this week as more than $300 million worth of rolling trophies comes up for auction. After an unexpected surge in classic-car sales and prices during the pandemic, Monterey Car Week and the Pebble
In this article IYG U.S. stock index futures were flat during overnight trading on Tuesday, after the Dow and S&P 500 closed at record highs following the Senate passing the $1 trillion infrastructure bill. Futures contracts tied to the Dow Jones Industrial Average were slightly higher. S&P 500 futures and Nasdaq 100 futures were flat.
In this article COIN BTC.CB= Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq market site April 14, 2021 in New York City. Robert Nickelsberg | Getty Images Coinbase shares rose as much as 2.1% in extended trading Tuesday after reporting second-quarter revenues that were stronger than analysts had expected.
Dr. Scott Gottlieb warned that Covid-19 could, yet again, force schools to go fully remote, amid concerns about potential outbreaks in classrooms this fall. “Unfortunately, it’s possible, especially if you go into this school year without the kind of mitigation that we had in place last year,” Gottlieb, the former FDA chief in the Trump
Getty Images Young investors are flocking to social media platforms like TikTok, Instagram and Reddit for financial advice. In fact, one-third of Americans trust social media to help them make financial decisions, and 32% trust social media influencers and celebrities’ financial advice, a survey from investment firm TIAA found. Navigating the slew of recommendations can
In this article MS BLK skynesher | Getty Images Direct indexing, which allows investors to buy the stocks of an index, instead of purchasing a mutual or exchange-traded fund, may soon be available to more investors. While ultra-high-net-worth people have historically used the strategy, those with fewer assets may soon have access as more financial
Kristine Davis, a spacesuit engineer at NASA’s Johnson Space Center, wears a ground prototype of the new Exploration Extravehicular Mobility Unit (xEMU), during a demonstration on Oct. 15, 2019. Joel Kowsky / NASA Elon Musk offered SpaceX’s services to help NASA make its next-generation spacesuits, after a watchdog report on Tuesday said the agency’s current
Former Theranos CEO Elizabeth Holmes (center) and her counsel exit court on June 15, 2021. Holmes is scheduled to face trial for wire fraud and other charges later in the year. CNBC The federal judge in former Theranos CEO Elizabeth Holmes’ fraud trial is considering whether to unseal details about her psychological evaluation as part
In this article DDD IIVI SAM KSU Casper’s subway campaign Source: Casper Check out the companies making headlines in midday trading. 3D Systems — The 3-D printing company’s stock surged about 40% after it reported second-quarter earnings of 12 cents per share, beating the 5 cents a share consensus estimate, 3D said it had made
Hasselblad cameras have taken some of the most iconic photos of the 20th century. From the first moon landing, to The Beatless crossing Abbey Road, and portraits of Marilyn Monroe. But the company has gained a reputation for having extremely expensive cameras. Hasselblad’s H6D-100c camera costs over $30,000. But its cameras weren’t always this expensive.
In this article PEP SAM The Boston Beer Company and PepsiCo today announced plans to enter a business collaboration to produce HARD MTN DEW alcoholic beverage. Source: Boston Beer Company PepsiCo and Sam Adams brewer Boston Beer are teaming up to create an alcoholic version of Mountain Dew. Boston Beer will develop and produce the
FatCamera | E+ | Getty Images There’s about a week left for anyone who’s uninsured to see if they qualify for free or low-cost private health insurance through the public marketplace. A special enrollment period that will end on Aug. 15 allows you to use healthcare.gov to sign up for a plan, which could come
PamelaJoeMcFarlane | E+ | Getty Images The first half of 2021 was very different than the volatile first six months of 2020. To that point, the Standard & Poor’s 500 Index returned 15% in the first half of this year — healthy growth in just about any full year. Yet, with the potential for inflation
In this article PFE MRNA SVA Unvaccinated people are eager to travel again. But more and more, the rules make that harder. Travelers are increasingly required to show proof of vaccination before they can cruise, book group tours, avoid quarantines, or vacation to tropical islands. Beyond that, vaccines are needed for everyday activities including attending
In this article HOOD An Institutional Investor Hall of Famer sees an urgent need for investors in some of the most popular trades to diversify. Rich Bernstein, who has spent decades on Wall Street, is waving the red flag on long-duration assets ranging from Big Tech to bitcoin to Reddit rebellion stocks to long-term bonds.
The AMC Burbank 16 and the Batman bronze statue in Downtown Burbank. AaronP/Bauer-Griffin | GC Images | Getty Images Shares of AMC Entertainment rose 4% after the company posted a narrower-than-expected loss during the second quarter. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by
A man wearing a face mask as a preventive measures against Covid-19 walks along an empty street in Chinatown. Wong Fok Loy| SOPA Images | LightRocket via Getty Images SINGAPORE — Southeast Asia experienced a major surge in Covid-19 cases last month that has shown little signs of slowing, and the situation is expected to
In this article MRNA A medical worker from Parrish Medical Center holds a vial of the Moderna COVID-19 vaccine at a drive through vaccination clinic for employees of Port Canaveral, workers at local hotels and restaurants, and residents of the Port Canaveral community. Paul Hennessy | LightRocket | Getty Images Moderna said its Covid-19 vaccine
Halfpoint | iStock | Getty Images Many Americans are looking to Labor Day with dread. That’s when some 7.5 million of them will stop receiving their unemployment benefits. The number is more than five times the 1.3 million people who lost aid in December 2013 as the country walked away from the Great Recession. Although