There’s no better time to think about next year’s taxes than right after you file this year. Jayme Thornton | Tooga Productions | Getty Images There’s still time to submit your bank account information to the IRS to get your $1,200 stimulus payment more quickly. But that window is closing, the IRS said on Friday.
Nora Tam | South China Morning Post | Getty Images Tesla stock has risen more than 7% since Tesla CEO Elon Musk’s tweet a week ago that the company’s shares were priced “too high.” Shares of Tesla closed down down 10.3% last Friday on Musk’s tweet, but have quickly recovered those losses and then some –
When Sunny Dreyer got a text from her boss in late March to jump into quick Zoom call, she had a sinking feeling she knew what was coming. The 32-year-old L.A. resident had just heard news that Bird, the e-scooter company, laid off hundreds of employees in an effort to save the business as the
People wait in line as SF-Marin Food Bank hands out 1600 food bags in San Francisco on April 20, 2020. Work furloughs and layoffs created by coronavirus shelter-in-place orders are driving thousands to seek food assistance. San Francisco Chronicle | Hearst Newspapers via Getty Images A record number of Americans just lost their job, and
Lyft co-founder Logan Green Richard Drew | AP Lyft shares shot up as much as 17% after hours as the company reported Q1 revenue and rider numbers that beat expectations. Here’s how the company did: Loss per share: $1.31 Revenue: $955.7 million Active riders: 21.2 million Revenue per active rider: $45.06 Wall Street was expecting an adjusted loss
Robert Barnes | Getty Images J.C. Penney is in talks to secure financing for bankruptcy as the coronavirus pandemic has devastated the American retail industry, people familiar with the matter tell CNBC. The Plano, Texas-based retailer skipped a $12 million interest payment on April 15, starting the clock on a 30-day grace period that could
You can’t rely entirely on your lucky game piece if you want to demolish your friends and family members in a game of Monopoly. Here are a few math-based game tricks that you can take straight to the bank. ————————————————– Follow BI Video on Twitter: http://bit.ly/1oS68Zs Follow BI Video On Facebook: http://on.fb.me/1bkB8qg Read more: http://www.businessinsider.com/
The FT’s John Reed looks at the similarities between the populist presidents of the US and Philippines as well as the issues that divide them. ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Starting in 1908, Henry Ford sold his novel Model T cars as the first to be really accessible to the masses. What’s more, he marketed them as easy to handle for casual drivers and (gasp!) women since they started with a button rather than a crank. Thing is, those old Model Ts were still pretty
If one part of success in Silicon Valley is dependent on your ability to stay up all night and code, the other part depends on your ability to think outside the box. Some in the Valley are trying to force creativity by taking LSD.
A driver adjusts his face mask as Uber and Lyft drivers with Rideshare Drivers United and the Transport Workers Union of America conduct a ‘caravan protest’ outside the California Labor Commissioner’s office amidst the coronavirus pandemic on April 16, 2020 in Los Angeles, California. (Photo by Mario Tama/Getty Images) Mario Tama Self-employed workers trying to
Lloyd Blankfein, the ex-Goldman Sachs CEO whose bank accepted bailout funds during the financial crisis, said that large companies should be “very reluctant” to take taxpayer money amid the coronavirus pandemic. “Big companies should be very reluctant to take government money,” Blankfein said Thursday on CNBC’s Squawk Box in response to a question about how
The coronavirus pandemic has forced schools to shut their doors and forced students to take their classes — and exams — online. This year, some 3.4 million students are registered to take AP Exams, which are designed to test high school students’ understanding of college-level material, online between May 11 and May 22. With schools across
An airline pilot walks in front of a Tripadvisor store in Toronto Pearson airport. (Photo by Geovien So/SOPA Images/LightRocket via Getty Images) Geovien So | SOPA Images | LightRocket via Getty Images Check out the companies making headlines after the bell. Booking Holdings — The travel booking service’s stock whipsawed in extended trading after the
Budweiser beer bottle labels during a Anheuser-Busch InBev NV news conference in Hong Kong, China, on Tuesday, Sept. 17, 2019. Kyle Lam | Bloomberg | Getty Images Anheuser-Busch InBev, the world’s largest beer maker, forecast a “materially worse” second quarter as coronavirus restrictions curb drinking across the globe, while noting some improvement in China. The
A Boeing 747 cargo freighter belonging to the Atlas Air flies into the clouds after lifting off from Hong Kong International Airport, on 23 October 2017, in Hong Kong, Hong Kong. S3studio | Getty Images Not all airlines are reeling from the coronavirus pandemic. Cargo airlines are cashing in on rush for medical supplies and
Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. Ezra Shaw | Getty Images Peloton‘s revenue surged 66% during the fiscal third quarter, as more people purchased its fitness equipment and tuned into its live classes, to try to break a sweat while stuck at home
Couples wearing face masks amid concerns over the COVID-19 novel coronavirus walks through a market in Seoul on April 22, 2020. Ed Jones | AFP | Getty Images The tulips were blooming in Seoul and Dr. Jerome Kim was strolling in his government-issued KF-94 mask with his wife when he got a text message alerting
US President Donald Trump speaks about COVID-19, known as coronavirus, after signing a Proclamation in honor of National Nurses Day in the Oval Office of the White House in Washington, DC, May 6, 2020. Saul Loeb | AFP | Getty Images The White House is weighing a second Tax Day delay, according to NBC News.
Peloton machine Source: Peloton Many on Wall Street were convinced the usual playbook would occur when this market and economic downturn hit. Bubble-like tech stocks that led the way up would get crushed as a bear market exposed their hype and sent stock speculators scrambling. But the opposite has happened. The names skeptics used to
Mark Cuban, billionaire investor on ABC’s “Shark Tank,” says the so-called American Dream is “why I do the show and that kind of drives what I invest in.” “You can be anywhere in the country and start a company and make it to the carpet in front of us and potentially get a deal,” he
Richmond Federal Reserve President Thomas Barkin told CNBC that he still doesn’t expect negative interest rates to become official policy, even as markets pulled the central bank in that direction. Traders on Thursday priced in a negative federal funds rate by December 2020, lasting at least to January 2022, amid expectations that the central bank
Benjamin Kapelushnik, a.k.a. Benjamin “Kickz”, may only be 16 years old, but he has been serving the “sneakerhead” community for years by reselling rare sneakers to celebrities and the public on his website. His clients include hip-hop moguls such as Snapchat co-star DJ Khaled and pro athletes. ————————————————– Follow BI Video on Twitter: http://bit.ly/1oS68Zs Follow
Take our survey and tell us what you’d like to see more of from our YouTube channel: https://bit.ly/33SJ8AI. ► Read Trade war risks dominates investors’ radar screens https://on.ft.com/2GyAITP Russia’s most ambitious energy project since the fall of the Soviet Union – the Power of Siberia – will be its first gas pipeline to head east,
For nearly 40 years, Geoff Hinton has been trying to get computers to learn like people do, a quest almost everyone thought was crazy or at least hopeless – right up until the moment it revolutionized the field. In this Hello World video, Bloomberg Businessweek’s Ashlee Vance meets the Godfather of AI. #BloombergHelloWorld ——– Like
Two years ago, FaZe Dubs and FaZe Megga were just teens playing video games in their bedrooms. Now, they are making over $100,000 playing “Fortnite” and are two of the youngest players in the Fortnite World Cup. #Fortnite #FaZeDubs #FaZeMegga #CNNBusiness
rmbarricarte When John Vogt, Jr. wondered where his stimulus check was, he was shocked to find out that he was not eligible for one. Vogt, 49, of Bronx, N.Y., is a fourth-generation American. In July, he married to a woman who is a Brazilian citizen. This year, they filed a joint tax return as a
Naguib Sawiris, billionaire and chairman of Orascom Investment Holding. Sima Diab | Bloomberg | Getty Images Egyptian billionaire Naguib Sawiris says he would buy airlines, going against fellow billionaire investor Warren Buffett, who announced that Berkshire Hathaway sold all its airline stocks at the firm’s annual meeting on Saturday. Sawiris, chairman and CEO of Orascom Investment
Chicago-based millennial Alex Sanchez earned more than $230,000 last year. The bulk of his income came from his day job: He works about 60 hours a week as an overhead lineman for an electrical utilities company. Between his $120,000 base salary, $10,000 annual bonus and overtime pay, he makes more than $200,000. The 25-year-old also brings
One of the world’s leading authorities on Asia is worried Wall Street is miscalculating China’s efforts to reopen its economy. While it’s going relatively smoothly on the supply side, Yale University senior fellow Stephen Roach warns the demand side is struggling, and that’s a bad sign for the U.S. economy as it begins reopening. “Chinese consumers