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
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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
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In this article SHOP-CA In this photo illustration the logo of Canadian e-commerce company Shopify Inc. is displayed on a smartphone. Thomas Trutschel | Getty Images Check out the companies making headlines in midday trading. Roblox — Shares of the metaverse-focused gaming company plunged more than 25% after Roblox’s latest quarterly report missed Wall Street
In this article GSBD Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., February 15, 2022. Brendan McDermid | Reuters (Click here to subscribe to the new Delivering Alpha newsletter.) Alpha generation is poised to return to the asset management industry as growth will be significantly less concentrated in
Odds are high that you know at least one millionaire. More than 1% of the world’s adults have enough assets to fit the definition, according to the Credit Suisse 2021 Global Wealth Report. Chris Hogan, radio host and author of the book “Everyday Millionaires,” surveyed more than 10,000 of those wealthy individuals to figure out
David Jakle | Image Source | Getty Images If you’re worried about rising interest rates, you may be eyeing high-yield bonds, which typically pay a bigger coupon and may help offset price declines in your bond portfolio. But these assets may also carry more risk, according to financial experts. While market interest rates and bond
They are brazen, aggressive and seemingly acting without a care in the world. Shoplifters are hurting big retailers and chain stores, even reportedly forcing some locations in New York City and San Francisco to close up. But unlike many big retailers that can absorb the loss, some small business owners say the crime wave is
A worker makes repairs to a home under construction at the Lennar Bridgeway home development on December 15, 2021 in Newark, California. Justin Sullivan | Getty Images Supply chain issues for homebuilders appear to be getting worse, and that is weighing on confidence in the industry. Builder confidence in the single-family, newly built housing market
A group of lawmakers in Ohio have proposed to repeal the state’s gross receipt tax (GRT), also known as the commercial activity tax (CAT). House Bill 234 would phase out the tax over five years. Ohio’s CAT, implemented in 2005 as part of tax reform that lowered and consolidated business taxes, is one of only a
In this article MRNA Moderna’s CEO Stephane Bancel said it’s “reasonable” to assume that we may be approaching the final stages of the pandemic. “I think that is a reasonable scenario,” he told CNBC’s “Squawk Box Asia” when asked about views that the Covid-19 pandemic may now be in its final stages. “There’s an 80%
In this article ABNB Brian Chesky, chief executive officer and co-founder of Airbnb Inc., speaks during an Economic Club of New York luncheon at the New York Stock Exchange (NYSE) in New York, U.S., on Monday, March 13, 2017. Michael Nagle | Bloomberg | Getty Images Airbnb beat Wall Street estimates on earnings and revenue