lisegagne | E+ | Getty Images Barbarett Corbbins was relieved when she saw an extra $500 deposited into her bank account last week. She had received letters from the IRS that she was eligible for child tax credit payments for her two children, ages 10 and 17, but had forgotten when the money was to
admin
In this article MORN A_Carina | iStock | Getty Images Bonds are typically thought of as the safer part of an investors’ portfolio — a form of protection when the stock market gets unruly. Yet as inflation becomes a growing concern, that form of security is looking a little wobbly. “One of the single greatest
Starbucks coffee shop logo seen at one of their stores. Stephen Zenner | LightRocket | Getty Images Wall Street is gearing up for the busiest week of earnings season. Several stock market heavyweights are lining up to release their second-quarter prints, and analysts are taking note. The stocks mentioned in this article have just
In this article HON TWTR INTC SAM SNAP Pedestrians walk past Skechers shoes displayed outside of a store in San Francisco, California. Getty Images Check out the companies making headlines before the bell Friday: American Express – American Express gained 3.3% after reporting quarterly earnings of $2.80 per share. That beat the consensus estimate of
In this article CROX Dina Rudick | Boston Globe | Getty Images Crocs reported second-quarter earnings that beat on the top and bottom line Thursday, raising its full-year revenue guidance amid strong global demand. The shoemaker’s stock jumped nearly 3% in premarket trading. Here’s how the company did compared with what analysts surveyed by Refinitiv
Thomasin McKenzie and Alex Wolff star in M. Night Shyamalan’s “Old.” Universal M. Night Shyamalan’s latest film “Old” has no shortage of intrigue and suspense, but fails to live up to the director’s previous work, critics say. His latest thriller follows a family of four, Guy (Gael Garcia Bernal), Prisca (Vicky Krieps) and their children,
Nicolas Economou/NurPhoto via Getty Images More than 1 in 10 Americans invested in cryptocurrency over the past year, according to a survey published by the University of Chicago, a sign of the popularity of digital currencies like bitcoin and ethereum. Specifically, 13% bought or traded crypto in the past 12 months — by comparison, 24%
Chairman of the House Ways and Means Kevin Brady Joshua Roberts | Reuters Rep. Kevin Brady said the IRS shouldn’t receive more enforcement funding because estimates of unpaid taxes are “unfounded.” President Biden has proposed investing $80 billion in new technology and more auditors to increase tax collections by $700 billion over 10 years. IRS
In this article AXP INTC SAM HON TWTR S3 Studio | Getty Images Check out the companies making headlines in midday trading. Snap — Shares of Snap soared roughly 24% after better-than-expected second-quarter earnings results. The social media company reported strong growth of users, engagement and ads. Twitter — Twitter shares gained 3.4% after reporting its fastest revenue
In this article BIIB Aduhelm by Biogen Source: Biogen Biogen‘s Alzheimer’s drug, Adhulem, generated $2 million in revenue in the first few weeks of its approval, the company said Thursday in releasing its second-quarter earnings along with an open letter about the controversial drug. Biogen upped its revenue guidance for the year, saying it now
In this article DIS Signage outside Caesars Palace hotel and casino in Las Vegas, Nevada, on Sunday, May 02, 2021. Roger Kisby | Bloomberg | Getty Images Walt Disney executives won’t be traveling to Las Vegas next month to attend the National Association of Theatre Owners’ CinemaCon. The company cited growing concerns over the Covid-19
Even before the pandemic, Eden Schiano, 19, had concerns about her first year of college. Schiano suffered from anorexia in high school and was uncertain how the fall of 2020 would go as a freshman at Virginia Commonwealth University. Being mostly isolated in her dorm quickly took a toll. “I was in my dorm room,
In this article CYDY Young chemist working with chemical substances during scientific experiment in laboratory. skynesher | E+ | Getty Images Company: CytoDyn Inc. (CYDY) Business: CytoDyn is a late-stage biotechnology company. The company focuses on developing treatments for multiple therapeutic indications based on leronlimab, a novel humanized monoclonal antibody targeting the CCR5 receptor. Its
Elon Musk is “pro nuclear.” So said Musk on Wednesday while talking about making bitcoin mining sustainable at at The B-Word conference hosted by the Crypto Council for Innovation. Nuclear energy is considered “clean energy” because generating nuclear energy does not release greenhouse gasses. But due to some high-profile accidents, legacy nuclear power plants can have
California will strengthen the security of the debit cards it uses to issue unemployment insurance and other benefits following a wave of fraud, according to an announcement from the state’s Employment Development Department. The state agency plans to work with Bank of America to start rolling out chip-enabled debit cards to new claimants, as well
In this article AAL LUV An American Airlines Boeing 777-300ER plane takes off from Sydney Airport in Sydney, Australia, October 28, 2020. Loren Elliott | Reuters American Airlines on Thursday posted a profit for the second quarter, getting a lift from federal aid and a surge in travel demand. The Fort Worth-based carrier reported net
CNBC’s Jim Cramer said Friday that Wall Street will be overwhelmed next week with a full slate of earnings reports from some of the most recognizable names in business. After the major averages all finished the session at all-time highs, shaking off concerns about economic growth, the “Mad Money” host said it leaves practically no
Hispanolistic It looks like the combination of stimulus checks and at least two expanded tax credits will be a boon to most U.S. households. Between cash hitting bank accounts — in the form of stimulus payments and advance child tax credits — and the expanded earned income tax credit, the value is an average of
In this article SPCE Virgin Galactic CEO George Whitesides CNBC | Michael Sheetz George Whitesides, the former CEO of Virgin Galactic, will fly on the company’s next spaceflight test, CNBC has learned. Sir Richard Branson made the announcement at a party on July 11 in Las Cruces, New Mexico — following his own spaceflight —
CEO Sundar Pichai is stressed about Google’s plan to become carbon free over the next decade. That means the company aims to use no carbon-based energy whatsoever by 2030. “It’s a long shot, it stresses me out in terms of how to get there,” Pichai said at a virtual climate change event hosted by earth-imaging platform Planet
In this article DPZ WHR CMG PEP CAG A employee sprinkles cheese on a burrito at a Chipotle Mexican Grill restaurant in Hollywood, California. Patrick T. Fallon | Bloomberg | Getty Images Consumer brands from Chipotle Mexican Grill to Whirlpool are dealing with inflation by passing higher costs onto their customers through price hikes. Many
In this article INTC Intel shares fell 2% after CEO Pat Gelsinger’s second earnings report at the helm of the American chip giant as investors assessed cautionary guidance on margins in the current quarter. Intel reported revenue and earnings per share that beat both the company’s own forecast as well as Wall Street expectations, attributing
In this article SAM Boston Beer CEO David Burwick said Friday the company was surprised by the disappointing second-quarter sales of its Truly hard seltzer, telling CNBC in an interview that management does not “look very smart” after its prior forecast. “The trade-off from grocery and liquor store purchase and consuming at home to bars during
When it comes to getting into investing, keeping it simple is key, according to investing legend Charles Ellis. In fact, he equates it to parenting teenage children. “Every parent of teenage children realizes at some point or another, less is better,” Ellis told CNBC contributor Jenny Harrington in an interview for CNBC Pro. (Harrington is
Getty Images The U.K.’s University of Exeter is offering students who want to study medicine a £10,000 ($13,735) bursary and free first-year accommodation to defer their place, due to increased demand to study at the medical school. In addition to offering students a financial incentive to defer their spot to study medicine at the university,
Anthony Scaramucci, former director of communications for the White House and founder of SkyBridge Capital LLC, speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, on May 8, 2019. Joe Buglewicz | Bloomberg | Getty Images Anthony Scaramucci, founder and co-managing partner of SkyBridge, told CNBC on Friday he’s mandated Covid shots at
CEO of Snap Inc. Evan Spiegel walks to a morning session at the Allen & Company Sun Valley Conference on July 07, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Snap‘s stock rose more than 13% on Thursday after the company reported its second-quarter earnings, beating expectations across the board for earnings, revenue
The race to reduce carbon emissions is heating up, much like the planet itself is. But reducing emissions alone will not be enough to stop what’s happening. It is not even enough to reach the goal of the Paris climate agreement, which is to limit global in this century to 1.5 degrees Celsius above preindustrial
kali9 | E+ | Getty Images Ah, summertime. It’s the perfect time to think about taxes. No, seriously. Some activities and pursuits that are more common during this season also may be things that impact your taxes, the IRS noted recently. And the sooner you evaluate how these endeavors will figure into your tax return
Mark “Forger” Stucky, after piloting the company’s first successful spaceflight on December 13, 2018. Virgin Galactic Mark “Forger” Stucky, Virgin Galactic‘s flight test director and pilot, is no longer with the space tourism company. “I am now a former Director of Flight Test and former SpaceShipTwo pilot,” Stucky wrote in a post on LinkedIn. He