Fueled by Covid vaccines, flexible cancellation policies and people yearning to break free from home, the summer travel season is already booming for some parts of the travel industry. A survey from research company Toluna indicates Americans are gaining confidence to travel with each passing month, with 27% comfortable to travel in April and 42%
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In this article @CL.1 @LCO.1 A satellite image shows stranded container ship Ever Given after it ran aground in Suez Canal, Egypt March 25, 2021. CNES Airbus DS | Reuters The Ever Given, one of the world’s largest container ships, is still wedged in the Suez Canal, and the economic effects from the blockage —
Emergency Medical Technician Lenny Fernandez, Medical Assistant Rodnay Moore and Physician Assistant-Certified Calvin Davis, left to right, prepare doses of the Pfizer COVID vaccine as the city of Vernon Health Department staff used the city’s new mobile health unit clinic to administer COVID-19 vaccinations to nearly 250 essential food processing workers at Rose & Shore,
In this article JPM WFC BAC A small business owner in Chinatown, San Francisco Source: CNBC The Senate on Thursday passed the PPP Extension Act of 2021 with overwhelming support, extending the deadline for the Paycheck Protection Program to May 31 from March 31. Passage of the PPP extension came about one week after the
In this article BA NOC SPCE RTX GNPK SpaceX’s Crew Dragon Endeavour seen docked with the International Space Station on July 1, 2020. NASA The National Aeronautics and Space Administration last year marked two decades of astronauts continuously onboard the International Space Station. But, as the floating research laboratory ages, the space agency is turning
Billionaire investor Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, thinks bitcoin may have a similar fate as gold did in the U.S. during the 1930s. “[B]ack in the ’30s in the war years … because cash and bonds were such bad investments relative to other things, there was the movement to
The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg via Getty Images The Federal Reserve has come a long way from the days of warning about “irrational exuberance.” Former Fed Chairman Alan Greenspan famously sent up a flare in December 1996 about stretched
Scotland’s full-back Stuart Hogg passes the ball during the Six Nations rugby union tournament match between France and Scotland on March 26 2021, at the Stade de France in Saint-Denis, outside Paris. (Photo by Anne-Christine POUJOULAT / AFP) (Photo by ANNE-CHRISTINE POUJOULAT/AFP via Getty Images) ANNE-CHRISTINE POUJOULAT | AFP | Getty Images Wales were crowned
In this article IRSA3-AR Luis Alvarez | DigitalVision | Getty Images Americans can get a tax break this filing season for masks, hand sanitizer, sanitizing wipes and other personal protective equipment to prevent the spread of Covid-19, the IRS announced Friday. The tax code lets taxpayers deduct medical costs that exceed 7.5% of their adjusted
In this article FTXL Giannis Antetokounmpo #34 of the Milwaukee Bucks drives to the basket against Bam Adebayo #13 of the Miami Heat during the second half at American Airlines Arena on March 02, 2020 in Miami, Florida. Michael Reaves | Getty Images A city trying to rebrand itself as the center of the crypto
Billionaire investor Mark Cuban sees a lot of promise in the future of NFTs, or nonfungible tokens. In fact, Cuban is now looking for ways to use the technology to bring in more money for his NBA team, the Dallas Mavericks. “With the [Mavericks], we’re trying to find a good option for turning our tickets
In this article KWEB Chinese and U.S. flags outside the building of an American company in Beijing, China January 21, 2021. Tingshu Wang | Reuterss A new Securities and Exchange Commission rule that will require foreign companies to submit documentation about government affiliations and government influence is causing headaches for China investors. It’s one of
In this article LB MKC PVH LULU CHWY BB-CA WBA MU PLAY KMX .SPX .DJI .IXIC MRNA PFE JNJ Investors are exhibiting optimism around the Covid vaccine rollout, CNBC’s Jim Cramer said, and it fueled a rally in U.S. stocks Friday. The Dow Jones Industrial Average added 453.40 points, or 1.4%, while the broad S&P
Luis Alvarez/ Getty Images. Corporate America is in need of a reboot. That’s what advocates are calling for as working parents — especially women — are looking for more flexibility and other changes to help them juggle work and family life. “This pandemic has turned the workplace upside down,” said Amber Clayton, director of the
Anthony Noto, CEO of SoFi Adam Jeffery | CNBC Online finance start-up SoFi is lowering the barrier for amateur investors to buy shares of companies as they go public. These IPO shares have historically been set aside for Wall Street’s institutional investors, or high-net worth individuals. Retail traders don’t have a way to buy into
Many Americans have relocated since the start of the pandemic, and many more say they’re considering a move as coronavirus restrictions force a lot of people to work remotely and spend more time than ever at home. While some renters are taking advantage of deals on homes and apartments in big cities, others are looking
In this article AXP Pilot’s founders Jessica McKellar (CTO), Waseem Daher (CEO), Jeff Arnold (COO) Pilot Accounting start-up Pilot raised a new round of funding from Jeff Bezos and other Silicon Valley investors to help small businesses outsource back-office tasks. The San Francisco-based company closed a $100 million funding round this week, doubling its valuation
In this article LB Pedestrians wearing protective masks carry Victoria’s Secret Stores LLC shopping bags in San Francisco, California, U.S., on Wednesday, Feb. 17, 2021. David Paul Morris | Bloomberg | Getty Images Victoria’s Secret-owner L Brands on Friday raised its profit outlook for the first quarter, citing a boost from government stimulus and from
In this article XPEV LI NIO Employees make checks at an inspection line during a media tour of the Nio Inc. production facility in Hefei, Anhui province, China, on Friday, Dec. 4, 2020. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car start-up Nio said Friday it is shutting a factory for
New York City is one of the most wasteful cities in the world. But none of its trash is actually processed in NYC. It’s sent to waste-to-energy facilities and landfills as far away as Ohio and South Carolina. It takes a vast network of sanitation workers, trucks, trains, cranes, and barges — and $429 million
zimmytws | iStock | Getty Images The Social Security Administration has sent information to the IRS that will help clear the way for almost 30 million people to receive their $1,400 stimulus checks, lawmakers said on Thursday. The development comes after Democratic leaders on the House Ways and Means Committee gave the agency 24 hours
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images GameStop snapped a five-day losing streak with a significant surge on Thursday, as shares of the retail company rose roughly 50% and showed that their wild swings are not yet over. The
Getty Images It’s not investing that is viewed skeptically, it’s the system. More than half (56%) of people who have money in stocks think the market is rigged against individual investors, according to a survey from Bankrate. That’s compared to 41% of non-investors who say the same thing. “Part of it may have to do
A woman walks past the headquarters of the People’s Bank of China in Beijing, China. Jason Lee | Reuters BEIJING — Data for the year so far show signs that China is starting to crack down on debt. A first-quarter survey by the China Beige Book released Thursday found that borrowing by state-owned enterprises dropped
In this article FB .DJI .SPX .IXIC CNBC’s Jim Cramer on Thursday laid out his dos and don’ts for investing in the current market environment. “If you accept your predicament and you follow these rules, you’ll have a chance to prosper in this brand new market. But if you try to cling to what worked
RgStudio | E+ | Getty Images A second batch of $1,400 stimulus payments has been sent, bringing the total number of checks issued so far to about 127 million for a total of about $325 billion, according to the Treasury Department, IRS and Bureau of the Fiscal Service. Additional tranches will be issued in the
An RS1 rocket booster undergoes acceptance testing. ABL Space Rocket builder ABL Space closed a $170 million round of funding, the company announced on Thursday, making it the latest private space venture to reach the unicorn valuation mark. ABL raised the funds from T. Rowe Price and Fidelity Management, as well as a third unnamed
A 21,000-square-foot megahome in South Florida is the most expensive non-oceanfront home ever sold in Delray Beach, and its $19 million sale price makes it the the town’s top sale in over three years, according to the MLS. “Resort-style living is a driving force in the ultra-luxury market,” listing agent Senada Adzem tells CNBC, “People are rethinking
Darren Westlake, co-founder and CEO of Crowdcube, at a fintech conference in London, on April 12, 2017. Simon Dawson | Bloomberg via Getty Images LONDON — British start-up crowdfunding platforms Crowdcube and Seedrs agreed Thursday to terminate their £140 million ($192 million) merger, a day after regulators raised competition concerns with the deal. The U.K.
Diners wearing protective masks wait outside an Olive Garden restaurant in Thornton, Colorado, on Friday, March 19, 2021. Chet Strange | Bloomberg | Getty Images Darden Restaurants on Thursday reported quarterly earnings that topped analysts’ expectations as customers visited Olive Garden and its other chains more than expected. The company is forecasting that its fiscal fourth-quarter results