A mobile billboard calling for higher taxes on the ultra-wealthy depicts an image of billionaire businessman Jeff Bezos, near the U.S. Capitol on May 17, 2021 in Washington, DC. Drew Angerer | Getty Images A new billionaire was created on average about every 30 hours during the Covid-19 pandemic, according to a new report by
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As out-of-control inflation strains families’ budgets, lawmakers across the country are casting about for ways to respond. In Oklahoma, legislators have proposed sending taxpayers $75 checks in December ($150 for married couples) to help blunt the impact of higher prices. In one respect, it’s a drop in the bucket, with inflation costing the average household
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In this article SBUX A woman drinks coffee in a Starbucks in a mall in Khimki outside Moscow. Alexander Natruskin | Russia After 15 years operating in Russia, Starbucks will exit the market, joining companies like McDonald’s, Exxon Mobil and British American Tobacco in withdrawing from the country completely. The coffee giant announced Monday that
[The stream is slated to start at 11:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Spiraling food and energy prices are squeezing households around the world, while central banks are tightening monetary policy to rein in inflation, exerting further pressure on indebted nations, companies and
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images FTX has been on the hunt to buy brokerage start-ups as the crypto exchange expands into stocks, and its CEO takes a major stake in Robinhood. The Bahamas-based
Brittney Castro Source: Brittney Castro Brittney Castro began her career as a financial advisor at just 22. For her, being a young woman in an older, male-dominated profession, was an asset, so to speak, rather than a liability. Less than 33% of financial advisors are women, according to the U.S. Bureau of Labor Statistics. Even fewer
In this article .VIX Thianchai Sitthikongsak | Moment | Getty Images The stock market’s roller-coaster ride isn’t inspiring confidence in investors. Still, a small portion do plan to take advantage of recent price dips. About 18% of Americans are willing to put more money into stock market investments this year, including retirement accounts, according to
One of the hardest parts about doing your taxes? Waiting for that refund to hit your bank account. If you’re expecting a tax refund this year, here’s how you can check on the status of your refund — and when you can expect to have that cash in hand. Ways to check the status of
Westend61 | Westend61 | Getty Images In this competitive housing market, buyers are willing to make some concessions to either cut costs or land their dream home. Some 58% of U.S. adults would be willing to take action to find housing that is more affordable, with Gen Z and millennials more likely to do so
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Swedish music band ABBA, shown here as wax figures, have sold over 400 million records worldwide. Jonathan Nackstrand | Afp | Getty Images Pop legends ABBA are taking a big punt on their latest immersive project, founding member Bjorn Ulvaeus has told CNBC. The much-anticipated immersive performance called ABBA Voyage is billed as “a concert 40
Olga Shumytskaya | Moment | Getty Images A new billionaire emerged every 30 hours during the Covid-19 pandemic, and nearly a million could fall into extreme poverty at around the same rate in 2022. Those are the sobering statistics recently released by Oxfam. There were 573 more billionaires in the world by March 2022 than
Twenty20 People are changing their spending habits as prices surge at rates not seen in four decades, making choices that favor experiences. That means big demand for live sports. Demand for sports attendance is usually “unresponsive to price changes,” said Dennis Coates, a sports economics professor at the University of Maryland, Baltimore County. “Good times,
Traders on the NYSE, May 20, 2022. Source: NYSE Stock futures rose in overnight trading Sunday after the Dow Jones Industrial Average fell for its 8th straight week amid a broader market sell-off. Futures on the Dow industrial average gained 180 points, or 0.58%. S&P 500 futures added 0.67% and Nasdaq 100 futures rose 0.68%.
In this article NYT Many people occasionally travel for work. But for some, travel is at the heart of their jobs. CNBC Travel spoke with people from four industries about occupations where working from home — or an office for that matter — isn’t an option. A year of travel Name: Sebastian ModakJob: Former New
Cars and trucks are wedged together after a deadly multi-vehicle pileup on the ice covered I-35 in a still image from video in Fort Worth, Texas, February 11, 2021. NBC5 | via Reuters New vehicles on sale in the U.S. today are the safest and most advanced ever made, yet roadway fatalities last year reached
Kool99 | Istock | Getty Images Earlier this month, President Joe Biden said that he was in the process of considering whether to forgive student debt, and that he’d have an answer in the next couple of weeks. Those weeks have passed and millions of borrowers are on edge — though they might not be
A Falcon 9 rocket carries 49 Starlink satellites toward orbit on Feb. 3, 2022. SpaceX The space industry should reach $1 trillion in annual revenue by 2040, with launch costs dropping 95%, Citigroup analysts said in an extensive report published this month. A further decline in the cost of accessing space would create more opportunities