A Blue Origin New Shepard rocket lifts off with a crew of six, including Laura Shepard Churchley, the daughter of the first American in space Alan Shepard, for whom the spacecraft is named, from Launch Site One in west Texas, U.S. December 11, 2021. Joe Skipper | Reuters WASHINGTON – Jeff Bezos’ space company Blue
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The U.S. Department of Education in Washington, D.C. Caroline Brehman | CQ-Roll Call, Inc. | Getty Images The U.S. Department of Education has announced it will cancel the student loans of nearly 16,000 borrowers who attended certain for-profit schools, including DeVry University. The relief comes out to $415 million in total. “The Department remains committed
Rohit Chopra, director of the Consumer Financial Protection Bureau. David Ryder/Bloomberg via Getty Images The Biden administration is trying to empower consumers to help rewrite the rules governing how banks, lenders and other financial institutions can treat customers. The Consumer Financial Protection Bureau — a federal agency created in the wake of the 2008 financial
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In this article ABNB More people are booking longer-term rental stays because of flexible working arrangements as a result of the pandemic, says Airbnb CEO Brian Chesky. “The pandemic has untethered millions of people from the need to be in office five days a week,” Chesky told CNBC’s “Squawk Box Asia” on Wednesday. “As people
In this article CSCO Cisco CEO Chuck Robbins Pradeep Gaur | Mint | Getty Images Cisco shares rose as much as 5% in extended trading on Wednesday after the enterprise software and hardware maker disclosed fiscal second-quarter earnings that surpassed analysts’ expectations. Here’s how the company did: Earnings: 84 cents per share, adjusted, vs. 81
In this article V AMZN Visa payment cards laid out on a computer keyboard. Matt Cardy | Getty Images Amazon has reached a global agreement with Visa to settle a dispute over the credit card giant’s fees. The deal means Amazon customers in the U.K. can continue using Visa credit cards, as previously announced by
More wineries in France are opening to visitors, said a French wine tourism expert. Of France’s 87,000 wineries, only 13% were open to the public five years ago, said Martin Lhuillier, head of wine tourism at Atout France, the country’s tourism development agency. Now, many more have opened their cellar doors for tours and
It’s been two months since families with eligible children stopped getting advance child tax credit payments in December. Many of those families are already struggling again to make ends meet. Nearly 60% of parents surveyed by ParentsTogether Action, an advocacy group, said that since the checks stopped, they haven’t been able to afford enough food.
Amanda Nguyen, founder of cake company Butter&, has had to raise prices after the costs of her ingredients skyrocketed. She also had to find ways to expand her business. Source: Andriya Rances Small business owner Amanda Nguyen thought she had gotten through the worst part of the Covid-19 pandemic. Then, inflation hit. As the owner
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In this article LOCO CMG Avocados are seen in a grocery market in New York, United States on February 14, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Avocados will likely be in short supply and more expensive in the coming weeks if the U.S. suspension of Mexican avocado imports persists. On Saturday, the
Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei. Tyrone Siu | Reuters Nvidia reported fourth-quarter earnings and sales on Wednesday that beat analyst expectations and provided a strong outlook for the current quarter. The stock fell over 1% in extended trading. Here’s how the chipmaker did
Traders work on the floor of the New York Stock Exchange (NYSE) on February 16, 2022 in New York City. Spencer Platt | Getty Images Stock futures inched higher in overnight trading as investors digested corporate earnings reports, updates from the Federal Reserve and developments in the Russia-Ukraine conflict. Futures on the Dow Jones Industrial
In this article ABNB RBLX Many companies appear to be ill-equipped to thrive in a post-Covid world, CNBC’s Jim Cramer said Wednesday. “I have not seen a lot of companies who are prepared for post-pandemic. I’ve seen a lot of companies that were kind of banking on a little more pandemic,” Cramer said. The “Mad
VALERIE MACON | AFP | Getty Images When Charlene Latsha calls the Social Security Administration, she’s placed on hold for so long that she hangs up. Latsha, 70, of Pottstown, Pennsylvania, has been trying to reach the government agency about her husband’s application for retirement benefits. Though he has been disabled and unable to work
SEC chairman Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on Sept. 14, 2021 in Washington. Evelyn Hockstein-Pool/Getty Images The Biden administration is lending a more cautious eye to private equity and other “alternative” investments like hedge funds. The U.S. Securities and Exchange Commission and U.S. Department of Labor have
Cameron Mitchell, chief executive of Cameron Mitchell Restaurants, told CNBC on Wednesday that unruly diners have cost his business $750,000 a year, on top of supply chain snarls and rising inflation that have already affected hurt his bottom line. “We never spent a dollar on security in our restaurants prior to Covid, but now we
A couple look at houses for sale in the window of William H. Brown estate agents. Getty Images Homebuyers are facing one of the priciest housing markets in history, and that means they need larger mortgages than ever before. While mortgage demand is falling, due to rising interest rates, the size of the average purchase
Policy and economic differences among OECD countries have created variances in how they raise tax revenue, with the United States deviating substantially from the OECD average on some sources of revenue. Different taxes create different economic impacts, so policymakers should always consider how tax revenue is raised and not just how much is raised. This