In this article GS GSBD The Marriner S. Eccles Federal Reserve building in Washington, D.C., on Friday, Sept. 17, 2021. Stefani Reynolds | Bloomberg | Getty Images The current slide in the stock market may be spooking some investors, but it’s seen as unlikely to scare Federal Reserve officials enough to deviate from their current
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Former Goldman Sachs CEO and Chairman Lloyd Blankfein said that his view of cryptocurrencies has evolved after digital assets attracted trillions of dollars in value and a rapidly growing ecosystem. On Monday, Blankfein was asked by CNBC’s Andrew Ross Sorkin for his view on the nascent asset class, who noted that the former banker has
Cabania | iStock | Getty Images Plus You can start filing individual income tax returns on Jan. 24, but there may be refund delays as the IRS combats a backlog and limited staffing, according to Treasury officials. However, there may be ways to get your money faster, financial experts say. Although refunds are typically sent
FatCamera | E+ | Getty Images Sometimes, retirement doesn’t end up sticking. If the workforce is luring you back after you retired and you’re already on Medicare, you may be able to choose whether to drop your coverage in favor of an employer health plan and then re-enroll down the road. However, there are a
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WHO Director-General Tedros Adhanom Ghebreyesus speaks during a press conference on December 20, 2021 at the WHO headquarters in Geneva Fabrice Coffrini | AFP | Getty Images The Covid-19 pandemic is at a “critical juncture” as it enters its third year, the WHO’s top official said on Monday. Speaking at a press conference during a
Consumers linger outside a Haikou duty free shop at Riyue Square, Haikou City, Hainan Province, China, on September 2, 2021. Wang Jianfeng | Future Publishing | Getty Images BEIJING — Chinese consumers are spending more on luxury goods at home, even if they can’t easily travel abroad due to pandemic-related restrictions, consultancy Bain & Company
In this article PTON A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images An activist is pushing Peloton to fire its chief executive officer and consider a sale as its share price has plummeted, according to a person familiar with the matter. Blackwells Capital,
Trader on the floor of the NYSE, Jan. 21, 2022. CNBC Stock futures rose slightly in overnight trading Sunday, following the S&P 500’s worst week since March 2020, as investors awaited more corporate earnings results and a key policy decision from the Federal Reserve. Futures on the Dow Jones Industrial Average edged up 100 points.
U.S. President Joe Biden holds a formal news conference in the East Room of the White House, in Washington, D.C., January 19, 2022. Kevin Lamarque | Reuters Important pieces of President Joe Biden’s Build Back Better agenda may have to come out of the bill. Children and college students will pay the price. “There’s two
In this article JBSS-BR BYND Josh Tetrick, co-founder and CEO of cultivated meat start-up Eat Just, has a vision: He imagines a day when meat grown in a lab is available everywhere from Michelin-star restaurants to street vendors and fast food chains. But more investment — and regulatory approvals — will be needed to get
U.S. Federal Reserve Board Chairman Jerome Powell attends his re-nominations hearing of the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington, U.S., January 11, 2022. Graeme Jennings | Reuters Accelerating inflation could cause the Federal Reserve to get even more aggressive than economists expect in the way it raises interest rates
In this article VRNT AMZN TSLA VMW WMT VMware at the NYSE, Dec. 14, 2021. Source: NYSE Stocks have had a rocky start to 2022, and further turbulence could be ahead for investors. That’s because the current macro environment has been one of the most volatile in recent memory. Inflationary fears, labor shortages and the
Jen Cousins, center, with her husband, Matt and their children Noel, 13, Saffron, 12, Milo, 8 and Poppy, 6. Jen Cousins Without a January child tax credit payment, Jen Cousins will have to wait a few extra months to replace the brakes on her minivan, the only car her family of six owns. Cousins, 44,
Dylan Sadiq, known as “The College Cuber” charges $8,000 for his mosaics made of cubes. Pro teams including the NBA’s Detroit Pistons have purchased the artwork. Courtesy: Dylan Sadiq | The College Cuber It started with a portrait of his favorite basketball player, Luka Doncic. Then came fellow NBA star Damian Lillard. International soccer clubs
In this article ABT Leahannah Taylor graduated from Rutgers University with a master’s degree in biomedical sciences — and $59,000 in student debt — in 2019. She’s now debt-free. It took her less than two years to wipe out her student loan balances, she said, thanks to an enticing incentive offered by her employer. “My
In this article F GM The cab to a Ford all-electric F-150 Lightning truck prototype is seen on an automated guided vehicle (AGV) at the Rouge Electric Vehicle Center in Dearborn, Michigan, September 16, 2021. Rebecca Cook | Reuters Detroit’s automakers have brought a surprisingly conservative financial strategy to making EVs the next vehicle of
Federal Reserve Board Chairman Jerome Powell speaking at a re-nomination hearing of the Senate Banking, Housing and Urban Affairs Committee, on January 11, 2022, in Washington, DC. Pool / Getty The Federal Reserve on Thursday released its long-awaited study of a digital dollar, exploring the pros and cons of the much-debated issue and soliciting public
This year’s tax filing season begins on January 24. Some new, younger investors may be in for a surprise. Last year’s trading frenzy over “meme stocks,” such as AMC Entertainment and GameStop, could now have an unexpected impact on 2021 tax returns. “Last year was a really interesting year in terms of investors, especially younger
shironosov | iStock | Getty Images Before eventually moving to California, the grandson of one of interior designer Phyllis Harbinger’s wealthy clients who had just graduated from college opted to rent furniture rather than buy it for an apartment he and his girlfriend had found in the New York area. “They said, ‘We don’t know