Federal Reserve Chair Jerome Powell prepares for a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in the Rayburn House Office Building in Washington, D.C. on Dec. 2, 2020. Jim Lo Scalzo | Reuters The Federal Reserve has made a move that cements its nod to the
Stock trading app Robinhood is being accused of reckless, exploitive business tactics on its young, millennial clientele. “The worst aspect of what they do clearly is they way they are gameifying the idea of investing,” Massachusetts Secretary of the Commonwealth William Galvin, who filed the compliant, told CNBC’s “Squawk Alley” Wednesday. “This is a very
For over two decades, Najuma Atkinson worked her way up at Dell Technologies and broke barriers — Atkinson started as a tech support manager in 1999 and, today, she is senior vice president of human resources shared services and the only Black woman SVP at the company. One of the most important things she has
People queue to get food donated by local organizations on Nov. 23, 2020 in New York. Eduardo MunozAlvarez/VIEWpress/Corbis via Getty Images 1.3 million kids Absent intervention, those programs will end the last weekend in December, shutting off income for these workers. If that happens, 4.8 million Americans will fall below the poverty threshold, according to
[The stream is slated to start at 1:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] NIAID’s Dr. Anthony Fauci and Operation Warp Speed’s Dr. Moncef Slaoui speak with CNBC’s Senior Health and Science Reporter Meg Tirrell in two separate one-on-one interviews for a special edition of the CNBC Healthy Returns livestream on Wednesday, December
Bill Clark | CQ-Roll Call, Inc. | Getty Images The Covid relief bill released Monday by a bipartisan group of senators has many helpful — if temporary — provisions for unemployed workers, according to experts. The relief package — which, if passed, would be the first since the CARES Act in early spring — extends
Goldman Sachs Chairman and CEO David Solomon told CNBC on Tuesday that he’s concerned about the intense demand from retail investors in recent initial public offerings. “I do think we’re in a moment in time where there’s a lot of euphoria. I personally am concerned about that,” Solomon said on “Squawk Box.” “I don’t think
Hong Kong has once again ranked as the most expensive city in the world for expats. The financial hub retained its pricey status in ECA International’s cost of living report 2020, released Tuesday, even as the coronavirus pandemic and political tensions weighed on the city’s rental costs. Tokyo (2nd), New York (3rd) and Geneva (4th)
An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China. Reuters BEIJING — Global investors are turning cautious on investing in some Chinese companies named in a U.S. government executive order. MSCI, one of the largest stock index companies in the world, announced Tuesday that it
United is the first commercial airline to fly the first FDA-authorized COVID-19 vaccines to the U.S. thanks to a coordinated effort between cargo, safety, technical operations, flight operations and several other teams at United. On behalf of Pfizer, United operated five cargo-only flights in early December delivering COVID-19 vaccines from Brussels to Chicago. Source: United
Getty Images There’s still a chance — though small — that some Medicare beneficiaries could receive some money to help with prescription drug costs. Nearly three months after President Donald Trump announced his intent to send $200 drug-discount cards to millions of people on Medicare, the stalled plan has cleared one big hurdle: An industry
Halfpoint Images | Moment | Getty Images This year, doing good for the planet can also help you trim your tax bill. That’s because a basket of provisions in the tax code reward individuals and businesses for taking steps toward energy efficiency. Whether you added a few solar panels to your roof, bought a hybrid
CNBC’s Jim Cramer on Tuesday urged Congress to move quickly and pass another piece of coronavirus stimulus legislation, suggesting key parts of the U.S. economy need help being sustained until there is a widely available Covid-19 vaccine. “We are so close to getting this economy back on track, but these places that close, they can’t
Nitat Termmee | Moment | Getty Images At the end of every year, there’s an opportunity to make smart financial moves to reduce taxes, increase net investment income and decrease portfolio risk. Some of these financial moves are especially timely. They’re enabled by federal legislation and temporary changes in tax rules aimed at easing pandemic-related
The Apple iPhone 12 Pro Max is unveiled during a virtual product launch. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Apple — Apple shares rose more than 3% after Nikkei reported the tech giant will ramp up its iPhone production by about 30% in the first
Tony Potts, a 69-year-old retiree living in Ormond Beach, receives his first injection as a participant in a Phase 3 COVID-19 vaccine clinical trial sponsored by Moderna at Accel Research Sites on August 4, 2020 in DeLand, Florida. Paul Hennessy | NurPhoto | Getty Images The staff of the Food and Drug Administration endorsed the
Erin Scott | Reuters Capitol Hill lawmakers are wrestling with a big question that’s plagued them for months: How to put together another coronavirus relief package that will garner enough support from both parties. On Monday, a new $908 billion bipartisan proposal aims to do just that, except it lacks one key area of aid
Fuse | Corbis | Getty Images Are you one of the 4.7 million individuals who moved out of state last year? Whether you’ve already made the move or are considering an upcoming relocation, you likely created a checklist that includes updating your address, obtaining a new driver’s license and finding new physicians. Unfortunately, many people
Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory in Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images The addition of Tesla into the S&P 500 at the close this Friday will be one of the biggest trading days in history, but it is
Wells Fargo Securities is pushing a bearish case for the prices of bonds in its official 2021 outlook. Michael Schumacher, the firm’s head of macro strategy, expects the 10-year and 30-year Treasury Note yields to move meaningfully higher due to progress against the coronavirus. “In a word, it’s vaccines,” he told CNBC’s “Trading Nation” on
India’s entrepreneurs have a unique opportunity to shape the future of technology, not only within their own country but across the globe, according to the billionaire founder of one of the country’s most successful start-ups. Vijay Shekhar Sharma, CEO of financial technology company Paytm, said accelerating internet adoption under the pandemic has increased the need
New sneakers, a MacBook, a Peloton — you can pay for almost anything in installments these days. Like the layaway plans of old, but now called point-of-sale loans, “buy now, pay later” lets shoppers break their purchases into equal installment payments without interest or fees, even using a debit card, which can make even the
Patrick Pleul/picture alliance via Getty Images Investors are pouring money into funds that aim to do environmental and social good. But one of America’s biggest pots of wealth — 401(k) plans — are stunting their growth. The popular savings plans and similar workplace retirement plans held $9 trillion as of last year — almost a
SpaceShipTwo “Unity” on the runway after an aborted spaceflight test on Dec. 12, 2020. Virgin Galactic Virgin Galactic’s stock fell in premarket trading on Monday after the space tourism company cut short its latest spaceflight test mid-launch on Saturday due to an engine ignition issue. “The flight did not reach space as we had been
In March, when the Covid pandemic first began, Dwayne “The Rock” Johnson was getting ready to launch his tequila brand, called Teremana. “We all had to shut down around the world, obviously it affected our businesses large and small,” Johnson told CNBC’s “Squawk on the Street” Wednesday. But the pandemic ended up being fruitful for
Take a look at some of the biggest movers in the premarket: Alphabet (GOOGL) – Multiple Google services, including Gmail and YouTube, suffered a widespread outage this morning for an undetermined reason. “Service has already been restored for some users, and we expect a resolution for all users in the near future,” Google said in
A DoorDash Inc. delivery bag sits on the floor at Chef Geoff’s restaurant in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Pfizer, BioNTech — Shares of the drug makers fell 2% and 6% respectively, despite the Food and Drug Administration’s approval of the firms’ Covid-19
In a classic lesson of buying low and selling high, CNBC’s Jim Cramer on Thursday recommended investors trim their holdings in a number of speculative stocks he recently said are worth owning. After some of the stock picks put up triple-digit gains in a short timeframe, he advises trading at least the cost basis, or
A man enters a building with rental apartments available on August 19, 2020 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images Renters started returning to Manhattan in November, lured by a record drop in rental prices, according to a new report. The number of new leases in November
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures moved higher in overnight trading on Sunday as markets indicated a rebound from a losing week. Investors are weighing updates on the Covid-19 vaccine rollout as well as the coronavirus stimulus stalemate in Washington. Dow futures rose 180 points. S&P