A man smokes with the electronic tobacco heater IQOS (I quit ordinary smoking) of the tobacco company Philip Morris. Sebastian Kahnert | picture alliance | Getty Images House Democrats have proposed a tax hike on tobacco and nicotine products to help fund their $3.5 trillion spending plan. The measure may increase current levies on cigarettes,
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In this article VIAC NFLX Cedric the Entertainer marking his first time as Master of Ceremonies for the Emmy Awards. CBS Photo Archive | CBS | Getty Images With the coronavirus pandemic still raging, the Emmy Awards will once again break with tradition. Since 2008, the Microsoft Theater in Los Angeles has been the go-to
A trader works at the New York Stock Exchange (NYSE), August 19, 2021. Andrew Kelly | Reuters Stock futures edged up in overnight trading on Wednesday following a rebound on Wall Street as the market tried to avert the seasonally weak September. Futures on the Dow Jones Industrial Average rose 30 points. S&P 500 futures
Theranos founder Elizabeth Holmes arrives at Robert F. Peckham U.S. Courthouse for opening arguments in her trial, in San Jose, California, September 8, 2021. Peter DaSilva | Reuters SAN JOSE, CALIF. – Elizabeth Holmes was the founder and face of Theranos, but when it came to the company’s laboratory, she relied on her highly qualified
Acorns president David Hijirida Courtesy: Mo Osborne | Acorns Investing and savings app Acorns has hired a former Amazon executive and fintech CEO to lead day-to-day operations ahead of the start-up’s debut as a public company, CNBC has learned. The company is set to announce Wednesday that it named David Hijirida as president, according to
Unofficially known as “Big Sky Country,” Montana attracted more vaccinated than unvaccinated Americans last month. Mike Kemp | In Pictures Ltd. | Corbis Historical | Getty Images Lawmakers on Capitol Hill may pass a measure to curb abuses by taxpayers using a particular tax deduction for land preservation. The bill, named the Charitable Conservation Easement
Jelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC), speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Aug. 3, 2021. Al Drago | Bloomberg | Getty Images The Federal Deposit Insurance Corp. will unveil this week a new investment fund backed by corporate giants that
The Emerald Bay residential project developed by China Evergrande in the Tuen Mun district of the New Territories in Hong Kong, China, on Friday, July 23, 2021. Lam Yik | Bloomberg | Getty Images China Evergrande has committed “two cardinal sins” which have led to the debt crisis it’s now facing — and investors are
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, September 14, 2021. Evelyn Hockstein | Pool | Reuters The Securities and Exchange Commission on Wednesday said the total amount of payouts it had made to
In this article MRO WYNN SOFI KSU A worker cleans an escalator on Las Vegas Boulevard in Las Vegas, Nevada, U.S., on Tuesday, March 17, 2020. Joe Buglewicz | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Casino stocks — Casino stocks were under pressure for a second day Wednesday amid heightened
NICHOLAS KAMM | AFP | Getty Images The uber rich may be cheering House Democrats’ proposed tax reforms on investment income relative to the Biden administration’s earlier plan. The White House called for a 39.6% top federal tax rate on long-term capital gains and dividends — nearly double the current 20%. Long-term capital gains tax
The Inspiration4 crew in their SpaceX spacesuits, from left: Chris Sembroski, Dr. Sian Proctor, Jared Isaacman, and Hayley Arceneaux John Kraus / Inspiration4 KENNEDY SPACE CENTER, Florida — SpaceX is set to make history as Elon Musk’s space company prepares to launch four civilians to orbit. They will become the first full crew of non-professional astronauts to fly to
Sturti | Getty Images Women are more worried than men when it comes to saving enough for retirement. The coronavirus pandemic hasn’t helped. Some 60% of women said they were concerned they wouldn’t be able to achieve a financially secure retirement, according to a February 2021 survey from the National Institute on Retirement Security. That’s
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Determining the best way to ensure your financial security can seem overwhelming. For James and Michelle Bethe, deciding what to do with the $200,000 they had in savings had them at a standstill. As a teacher, Michelle, 36, has a pension for retirement and James, 38, has some money in a 401(k) plan. For Michelle,
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In this article WMT F Ford Motor plans to launch its self-driving vehicle businesses in 2022 with vehicles based on its Escape Hybrid crossover. Ford Walmart is expanding its self-driving vehicle program to include Ford Motor and Argo AI, an autonomous car start-up backed by the automaker. The companies said Wednesday that the collaboration will
U.S. stock futures were flat Tuesday night after the Dow Jones Industrial Average dropped nearly 300 points on rising investor worries about the state of the economic recovery and the next action by the Federal Reserve. Dow Jones Industrial Average futures ticked 8 points higher, or 0.02%. S&P 500 and Nasdaq 100 futures climbed 0.05%
Drew Angerer | Getty Images News | Getty Images House Democrats have proposed a top marginal income tax rate of 39.6% for individuals, part of a sweeping change to the tax code to fund climate investments and an expansion of the U.S. safety net. That rate, an increase from the current 37% levy for the
SDI Productions | E+ | Getty Images About 78% of Hispanic families received stimulus payments over the last year and a half, compared with 96% of white respondents, according to a recent study conducted by Ipsos and a group of social policy organizations including the National Women’s Law Center. There was also a gap in