Marko Geber | DigitalVision | Getty Images If you’re one of the millions of Americans expecting student loan forgiveness, you won’t owe federal taxes. But that doesn’t mean you’re off the hook at the state level. Indiana is the latest to confirm forgiveness will trigger state income taxes, and some borrowers may owe county levies
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In this article DIS Robert Iger attends the Stella McCartney “Get Back” Capsule Collection and documentary release of Peter Jackson’s “Get Back” at The Jim Henson Company on November 18, 2021 in Los Angeles, California. Rich Fury | Getty Images Entertainment | Getty Images The coronavirus pandemic has left a “permanent scar” on the movie
[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference after the bank’s latest monetary policy decision. The ECB on Thursday announced a 75 basis point interest rate rise, taking
Damir Khabirov | iStock | Getty Images Young adults in majority Black and Hispanic communities tend to have lower average credit scores compared to those who reside in majority white communities, according to new research from the Urban Institute. The research found 25- to 29-year-olds in majority Black communities have a median credit score of
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Jakub Porzycki | Nurphoto | Getty Images Saudi Arabia and five other Gulf Arab countries issued a joint statement demanding that Netflix remove content they say “violates Islamic and societal values and principles,” Saudi media has reported. The statement said that the streaming giant’s material was in breach of government regulations, though it did not
Chinese electric car company Nio said it doesn’t expect U.S. restrictions on Nvidia to affect the start-up’s business operations. Vcg | Visual China Group | Getty Images BEIJING — Chinese electric car maker Nio joined others in the industry in saying that U.S. restrictions on Nvidia chip sales to China won’t affect the automaker’s business.
Kateryna Onyshchuk | iStock | Getty Images If you get your health insurance through the public marketplace, you may want to keep an eye out for a check from your insurer. Insurance companies are distributing $1 billion in rebates to 8.2 million policyholders, beginning this month. Of those, the majority — an estimated $603 million
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In this article DWAC Former US president Donald Trump announced plans on October 20 to launch his own social networking platform called “TRUTH Social,” which is expected to begin its beta launch for “invited guests” next month. Chris Delmas | AFP | Getty Images The fate of the planned merger between former President Donald Trump’s
In this article GME SAN RAFAEL, CALIFORNIA – DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in San Rafael, California. Video game retailer GameStop will report third quarter earnings today after the closing bell. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images GameStop said Wednesday that
President Joe Biden will nominate Michael Barr to be the Federal Reserve’s top regulator in charge of big banks. Barr, who served as assistant Treasury secretary for financial institutions during the Obama administration, seen here at a Treasury Department meeting in Washington, D.C. on Nov. 30, 2010. Andrew Harrer | Bloomberg | Getty Images The
Over 13 years of making deals on ABC’s “Shark Tank,” Kevin O’Leary says he’s noticed a common thread among the companies that have brought him the best investment returns. They’re mostly owned or run by women. “This is real data: 75% of my returns have come from companies run by women,” O’Leary tells CNBC Make
As prices rise, Americans are increasingly finding new ways to make ends meet. But with some necessary purchases, such as groceries, there are fewer options that don’t involve taking on debt. That makes the option to pay later — through companies such as Klarna, Zip, Zilch, Affirm and Afterpay — look increasingly attractive. More
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper, as the once red-hot housing market cools quickly. Sales have been slowing down for several
In this article TGT Brian Cornell, Chairman and Chief Executive Officer of the Target Corporation. Anjali Sundaram | CNBC Target CEO Brian Cornell has agreed to stay on in his role for about three more years, as the retailer announced Wednesday that it’s scrapping its retirement age of 65. “We enthusiastically support his commitment and
In this article NIO Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images Chinese electric vehicle maker Nio had a loss of $409.8 million in the second quarter, representing significantly widening losses, despite deliveries that surpassed year-ago
In this article COUP PATH 9866-HK NWL PINS CHPT Check out the companies making headlines before the bell: Coupa Software — Shares surged 11.6% after the business management software company surpassed earnings estimates in its recent quarter, and issued strong full-year earnings and revenue guidance. Coupa earned 20 cents per share compared with estimates of
Mathieu Young/Getty Images Americans traveling to Europe can do so a bit more cheaply these days than in recent years. The U.S. dollar is trading at its highest level in roughly two decades relative to the euro — meaning travelers can buy more overseas. That means Americans are effectively getting a discount on hotels, car