In this article JPM JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, April 9, 2019. Jeenah Moon | Reuters JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell on Wednesday. Here’s what Wall Street expects: Earnings: $3.10 per share, almost 300%
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24K-Production | iStock Editorial | Getty Images Tax evasion using cryptocurrencies is “replicating” with nonfungible tokens and other new crypto-related products, according to the IRS Commissioner. In testimony before the Senate Finance Committee Tuesday, IRS Commissioner Charles Rettig said the U.S. fails to collect as much as $1 trillion in taxes owed each year —
Dana Neely | Stone | Getty Images Criminals are targeting a new federal program that pays up to $9,000 in funeral costs for a loved one who died of Covid-19, the Federal Trade Commission said Tuesday. The Covid-19 Funeral Assistance program, overseen by the Federal Emergency Management Agency, opened to applicants on Monday. Individuals have
Luis Alvarez | DigitalVision | Getty Images Ivory Johnson was one of the many financial advisors who were forced to pivot quickly when the pandemic hit the U.S. more than a year ago. In a business that is often relationship-driven, Covid largely put a halt to in-person meetings for advisors, including Johnson. However, the shift
In this article ARKK Ark Invest’s Cathie Wood said digital wallets and genomics are the next two biggest disruptive trends after Tesla and electric vehicles. “We’re very excited about digital wallets,” Wood said on CNBC’s “The News with Shepard Smith” on Tuesday. “We really think that these digital wallets and two-sided market places, merchants and
Combination: Jeff Bezos (L), Elon Musk (C) and Bill Gates (R). Reuters Climate change appears to be high on the agenda for tech billionaires like Elon Musk, Jeff Bezos and Bill Gates but some are questioning whether they’re focusing their efforts on the right areas. Broadly speaking, the three richest tech billionaires — who rank
Jason Lee | Reuters BEIJING — Investors are putting billions of dollars more into U.S. stock funds than Chinese ones, according to data from fund research firm EPFR Global. “The baton seems to be getting handed over,” said Cameron Brandt, director of research at EPFR, in an interview Friday. “A lot of investors think the
People wait for their baggage in the terminal at Boston Logan International Airport in Boston. Erin Clark | Boston Globe | Getty Images A new Senate subcomittee on travel and tourism held its first hearing on Tuesday, and called for the U.S. government to enact specific steps to kickstart U.S. tourism after a devastating 2020.
ljubaphoto | E+ | Getty Images New $1,400 stimulus checks are aimed at helping millions of Americans weather the financial difficulties from the Covid-19 pandemic. Yet the legislation that authorized those payments has one big caveat: The funds could be garnished for overdue unpaid debts. That goes for private debts, such as medical bills or
Westend61 | Westend61 | Getty Images Stocks are booming and seniors are struggling with long-term unemployment. Taken together, poor job prospects and a healthy nest egg may make it seem like a good time to retire. In fact, it may be a particularly dangerous time for Americans to do so, according to financial experts. More
People walk by the New York Stock Exchange (NYSE) on the morning that the music streaming service Spotify begins trading shares at the NYSE on April 3, 2018 in New York City. Spencer Platt | Getty Images The New York Stock Exchange announced Monday it would launch “First Trade” NFTs, to memorialize the true first
A person takes a photo in front of a piece by Mashkow, during a press preview on March 25, 2021 of the grand opening of Superchief Gallery NFT, a physical gallery dedicated exclusively to NFT (non-fungible tokens) artwork in New York. Timothy A. Clary | AFP | Getty Images Sales of nonfungible tokens, or NFTs,
A woman wearing a face mask rides a scooter past the U.S. Federal Reserve in Washington, D.C., the United States, on Jan. 27, 2021. Lie Jie | Xinhua News Agency | Getty Images The Federal Reserve has a “staggering” lack of diversity among its directors who are charged with running the central bank’s 12 districts,
A sign is posted in front of the NVIDIA headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan/Getty Images Nvidia stock rose over 6% on Monday after announcing several new products and telling investors that it expected its first-quarter income to be higher than previously expected. Nvidia said revenue in its fiscal first
In this article WMT M A man shops for clothes in Macy’s department store in Herald Square, New York. Trevor Collens | AFP | Getty Images Crumpled piles of clothes. Unpacked boxes of inventory. Half-empty shelves. And employees rushing through aisles to grab items for online orders. That’s what some consumers are finding as they
ozgurcankaya If you haven’t filed your 2020 tax returns yet, you’re in luck — you have more than a month to get your paperwork to the IRS. The IRS moved the filing deadline this year for individual returns to May 17 from April 15. In addition, May 17 is also the last day to contribute
Jose Luis Pelaez Inc | DigitalVision | Getty Images Ever wonder how your nest egg fares in comparison to your neighbors’? From state to state, the median amount — half fall above, half below — that retirement savers have earmarked for their golden years ranges from about $83,500 in Mississippi to $177,500 in Washington, according
An artist’s rendering of a DRACO spacecraft. DARPA The Pentagon’s research and development arm on Monday awarded a trio of companies with contracts to build and demonstrate a nuclear-based propulsion system on a spacecraft in orbit by 2025. General Atomics, Lockheed Martin and Jeff Bezos’ space venture Blue Origin won the Defense Advanced Research Projects
Rolls-Royce Phantom Source: Rolls-Royce Phantom Rolls-Royce Motor Cars had its best quarter in its116-year history, setting a new sales record in the first quarter as the world’s wealthy snapped up its $330,000 SUV and other models. The luxury car company, which is owned by BMW, delivered 1,380 cars in the first quarter, up 62% from
In this article 9988-HK A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. Aly Song | Reuters GUANGZHOU, China — Alibaba shares in Hong Kong jumped nearly 4% at the open on Tuesday after regulators ordered the e-commerce giant’s
Papyrus paper originated in ancient Egypt. Today, just one village still makes the paper, but after a year without tourists, workers are struggling to keep their doors open. Saied and Atef sell their products locally in Egypt. MORE STILL STANDING VIDEOS: How One Of The Last Dye Houses In Egypt Keeps Ancient Hand Dyeing Alive
In this article CMG DRI CNBC’s Jim Cramer on Monday revealed a list of stocks he expects will benefit from the “last man standing scenario.” “After a year of carnage, big businesses with deep pockets are triumphing over their smaller competitors who didn’t make it,” the “Mad Money” host said. The scenario will play out
In this article .COVID19 The number of colleges and universities that will require students be fully vaccinated against Covid-19 is suddenly escalating. In just the last few days, Duke University, Brown, Northeastern University, the University of Notre Dame, Syracuse University and Ithaca College all announced that students returning to campus in the fall must be
In this article COIN Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch The pending Coinbase direct listing, scheduled for April 14th on the Nasdaq under the symbol COIN, is exciting a broad base of the investment community outside the usual cryptocurrency crowd. “Coinbase is
Asia continues to be the most expensive place in the world to be rich, according to a new report, which saw the region’s resilience to the Covid-19 pandemic hold high prices steady. The world’s most populous continent remained the most costly for high-and ultra-high net worth individuals (HNWIs) in Bank Julius Baer’s Global Wealth and
10’000 Hours Some states are requiring workers who received a federal tax break on unemployment benefits to file an amended tax return to get their refund. This largely applies to taxpayers who’d filed a federal and state tax return before the American Rescue Plan became law. That $1.9 trillion Covid relief measure waived federal tax
In this article F FORD General Motors employees work on the assembly line at Fairfax Assembly & Stamping Plant in Kansas City, Kansas. Jim Barcus for General Motors Clarence E. Brown has experienced union strikes, plant shutdowns and layoffs due to parts shortages during his 47 years working for General Motors. But Brown, president of
Jason York | Getty Images So you inherited a retirement account. Before you make any decisions on when and how to access the money, it’s worth familiarizing yourself with the rules that apply to different beneficiaries. The rules for these retirement plans can be complicated. Therefore, mistakes can be made, and depending on the specifics,
So you found a job you’re actually excited about, nailed the interview process, and received a callback with an offer. The bad news? It’s a lowball salary. I’ve seen this happen to so many job seekers, and while it’s unfortunate, I can tell you that a lowball salary doesn’t necessarily mean a lost cause. In
Federal Reserve Chairman Jerome Powell Kevin Lamarque | Reuters Despite what he sees as a rapidly recovering economy, Federal Reserve Chairman Jerome Powell on Sunday reaffirmed the central bank’s commitment to keep loose monetary policy on place. That includes a statement of near-certainty that interest rates won’t be going anywhere as inflation remains tame and