A Social Security Administration office in San Francisco. Getty Images It’s no secret the funds Social Security uses to pay benefits are running low. New proposals on Capitol Hill aim to fix the program’s solvency. Just how dramatic those changes will need to be depends on how soon changes are put through. Likewise, people who
Secretary of Energy Jennifer Granholm speaks during the daily press briefing on April 8, 2021, in the Brady Briefing Room of the White House in Washington, DC. Brendan Smialowski | AFP | Getty Images Energy Secretary Jennifer Granholm on Friday emphasized the need for the world to come together in an effort to tackle climate
The 60 largest commercial and investment banks have collectively financed $3.8 trillion in fossil fuel companies between 2016 and 2020, the five years since the Paris Agreement was signed, according to a report published in March from a collection of climate organizations titled Banking on Climate Chaos 2021. But that number is not the full story:
A visual representation of the cryptocurrency Bitcoin on November 21, 2020 in London, England. Jordan Mansfield | Getty Images LONDON — A Turkish cryptocurrency exchange is offline and its CEO has reportedly gone missing, leaving thousands of investors worried that their funds have been stolen. Thodex, a crypto firm based in Turkey, said its platform
In this article MAT Mattel Inc. Barbie brand dolls are displayed for sale at a Walmart Inc. store in Burbank, California, U.S., on Tuesday, Nov. 26, 2019. A PWC survey shows that 36% of consumers surveyed plan to shop on Black Friday. Deals will ultimately dictate where spending and visits go. Bloomberg | Bloomberg |
Summertime in the United States could return to a pre-Covid-19 normal if 75% to 80% of the U.S. population is vaccinated, Dr. Peter Hotez said Friday. “We can vaccinate our way out of this epidemic if all the adults and adolescents get vaccinated by summer. We can have an extraordinary quality of life, with going
fotostorm If you’re missing one or more stimulus check payments, there is still time to claim the money. But the deadline is fast approaching. The IRS is urging individuals who still have not received their stimulus checks, or received less than they anticipated, to file a federal tax return to claim it. This year, the
The Good Brigade | DigitalVision | Getty Images Confidence in Social Security and Medicare hit all-time highs among both workers and retirees, a sentiment somewhat defiant of a Covid pandemic that ravaged the U.S. economy and household finances of many Americans. About 72% of retirees and 53% of workers are somewhat or very confident that
SpaceX CEO Elon Musk gives an update on the next-generation Starship spacecraft at the company’s Texas launch facility on September 28, 2019 in Boca Chica near Brownsville, Texas. Loren Elliott | Getty Images News | Getty Images SpaceX founder and CEO Elon Musk remains focused on his vision for the company: Establishing a permanent human
Melissa Jean-Baptiste, 32, a first-generation American now living in New York City, did what many people do after graduating college: She made the monthly payment on her student loan debt without thinking much about it. “I said, ‘OK, well, pay your bills. Do what you’re supposed to do. And that’s the proper way to adult,'”
Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters Federal Reserve officials next week are likely to paint a robust picture on the economy while simultaneously not even hinting at policy changes
In this article SNAP Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC Snap’s stock rose slightly in after-hours trading on Thursday after the company reported its first-quarter results despite beating Wall Street’s expectations on earnings, revenue and user growth. Here’s what Snap reported versus Wall Street’s estimates: Adjusted loss per share: 0
Customers dine at Picos Restaurant, which received threats following their announcement of continuing to require masks, as the state of Texas prepares to lift its mask mandate and reopen businesses to full capacity during the coronavirus disease (COVID-19) pandemic in Houston, Texas, March 9, 2021. Callaghan O’Hare | Reuters The risk of being exposed to
Al Drago | Getty Images President Joe Biden is expected to propose doubling the tax rate wealthy Americans pay on investment returns when they sell stocks and other assets. But investors shouldn’t necessarily rush for the exits, according to financial experts. Under Biden’s proposal, the federal capital-gains tax rate would be as high as 43.4%
Christine Lagarde, President of the European Central Bank (ECB), addresses the media during a news conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on December 12, 2019. Daniel Roland | AFP | Getty Images Christine Lagarde, the president of the European Central Bank, paid tribute to
In this article ANTM An employee walks through the campus of the Ant Group Co. headquarters in Hangzhou, China, on Wednesday, Jan. 20, 2021. Qilai Shen | Bloomberg via Getty Images Months after the sudden suspension of Ant Group’s highly-anticipated dual listing, China’s financial technology companies are facing difficulties trying to go public in the
In this article INTC VMware CEO Pat Gelsinger speaks at the company’s VMworld conference in San Francisco in 2012. Kim Kulish | Corbis News | Getty Images Intel sales were essentially flat and profit dropped in the first quarter of 2021 in CEO Pat Gelsinger’s first quarterly report at the helm. Intel’s earnings per share
In this article 104-SZ 305-HK GM Wuling Motors unveiled a convertible model of its highly popular budget mini electric car at the Shanghai auto show in April 2021. Evelyn Cheng | CNBC SHANGHAI – General Motors‘ joint venture in China is launching a miniature electric convertible under a low-cost brand that has soared in popularity
chanakon laorob | iStock | Getty Images Student debt can impact so many aspects of a person’s life, from the careers they pursue to if and when they’re able to purchase a home. So it’s no wonder that a lot of people feel stuck in limbo as President Joe Biden and other elected officials debate
kate_sept2004 | E+ | Getty Images A sixth batch of $1,400 stimulus checks has gone out, bringing the total number of payments sent to date to about 161 million. More than $379 billion has been sent to Americans via direct payments since distribution began in March. The latest set includes around 2 million checks worth
An aerial view of the Rockybrook Estate in Delray Beach, Florida Douglas Elliman Ten days after closing the year’s most expensive mansion sale in Delray Beach, Florida for $19 million, luxury real estate broker Senada Adzem got an unexpected phone call. “The buyer called me to say they would be selling the home. Honestly, we
In this article XOM Activist investor and newly appointed Exxon board member Jeff Ubben is building his stake in the company on the belief that the oil giant will be integral to the energy transition. “I am,” he said Thursday on CNBC’s “Squawk on the Street” when asked if he was planning to buy more
A Southwest Airlines jet leaves Midway Airport on in Chicago, Illinois. Scott Olson | Getty Images Southwest Airlines on Thursday said leisure travel bookings continue to rise and that it expects to break even “or better” by June. The Dallas-based airline posted first-quarter net income of $116 million, compared with a $94 million loss a
SpaceX’s Crew Dragon “Endeavour,” atop the company’s Falcon 9 rocket, leaves the SpaceX integration hangar adjacent to NASA Kennedy Space Center’s Launch Complex 39A for rollout to the launch pad on April 16, 2021. SpaceX SpaceX is set to make history, as Elon Musk’s space company prepares to launch the Crew-2 mission for NASA on
Mint Images – Tim Robbins Repealing the $10,000 state and local tax deduction cap is likely to have uneven results for Americans. In fact, Black families are 42% less likely and Hispanic families are 33% less likely than white ones to see a tax break from a SALT cap repeal, according to a recent analysis
The U.S. Centers for Disease Control and Prevention cleared vaccinated Americans to travel again, but some immunized travelers remain on the fence about making summer plans. Is it finally safe to fly? What about visiting unvaccinated relatives or traveling with young children? CNBC Global Traveler asked medical professionals — all of whom are
In this article BYD Less than half a year since revealing a flying vehicle prototype, Chinese electric car start-up Xpeng unveiled a second model at the Shanghai auto show in April 2021. Evelyn Cheng | CNBC SHANGHAI – Flying cars may have made headlines at this year’s Shanghai Auto Show, but China’s BYD — which
In this article CMG A person wearing a protective mask and gloves exits a Chipotle restaurant in San Francisco, California, April 19, 2021. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill is expected to report its first-quarter earnings after the bell on Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are
In this article DBI FL NKE M WMT KSS TGT JWN The women’s shoe floor in Nordstrom’s flagship department store location in New York City features a cocktail bar in the center. Source: Nordstrom America’s department stores might be losing customers in the apparel aisles and at the beauty counters, but shoppers still love the
Jamie Grill | Getty Images The IRS may start issuing monthly payments of the enhanced child tax credit as soon as July. But some recipients may have to pay back a portion of those funds at tax time next year. The American Rescue Plan directed the federal government to issue advance payments of the child