Thanks to increased tax revenues from higher consumer spending, sustained economic growth, and both the primary and secondary effects of federal COVID-19 relief programs, many states are flush with cash, and a significant number have used at least some of their surplus to provide tax relief. Many Mississippi lawmakers would like to join them. As
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A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Gap, Nordstrom — Shares of Gap and Nordstrom plummeted after the companies reported disappointing quarterly results late Tuesday citing rising labor costs, inventory issues, shopping costs and factory closures as challenges. Gap shares dropped
In the spring of 2020, Sam Gach was still adjusting to his growing fame on social media. Known primarily for his yoga videos, Gach had grown his online following to 250,000 on Instagram and 200,000 on TikTok, and had left his job as a social media manager at Kellogg’s just before the pandemic to become
A pizzeria in North Babylon, New York, advertises available positions for wait staff and delivery drivers. Newsday LLC | Newsday | Getty Images It turns out the “Great Resignation” is more of a “Great Reckoning,” according to a survey by consulting firm Mercer. In other words, the movement is more about who is quitting their
Germany’s central bank warned Thursday about skewed valuations in the housing market, calling it a “specific vulnerability” as property prices continue to soar. “We have basically seen all indicators — prices, credit — those indicators kept increasing in Germany and you don’t really see a big effect of the pandemic,” Claudia Buch, vice-president at the
BERLIN, GERMANY – SEPTEMBER 22: German Chancellor Angela Merkel (L) speaks with Vice Chancellor and Federal Minister of Finance Olaf Scholz. Pool | Getty Images News | Getty Images Germany’s Covid-19 crisis continues to rock the nation with the grim news on Thursday that the total number of deaths has now surpassed 100,000. The country’s
Coming out of the pandemic, the state of Ohio is estimating significant tax revenue growth, and a group of Ohio lawmakers is looking to take advantage and repeal the Commercial Activity Tax (CAT). Ohio’s CAT, implemented in 2005 as part of tax reform that lowered and consolidated business taxes, is one of only a few
A safety staff member gets in a self-driving robotaxi on October 13, 2020, in Beijing, China, a few days after Baidu launched trial operations of its Apollo Robotaxi. Zhao Jing | Visual China Group | Getty Images BEIJING — Baidu can start collecting robotaxi fares in a part of Beijing from Thursday, the Chinese tech
In this article BRLT SIG 31-year-old Marc Hostovsky ended up purchasing his fiancee’s engagement ring online, after he was bombarded with targeted social media ads. Source: Marc Hostovsky Before he proposed to his now-fiancee last fall, Marc Hostovsky spent weeks scouring the internet for information around the “4 Cs” of diamonds — cut, clarity, color
In this article TSLA AAPL Closely watched money manager Cathie Wood told CNBC on Wednesday that Apple could have owned the driverless vehicle market by purchasing Tesla when given the chance during the electric vehicle maker’s troubled Model 3 ramp-up. “We’ve been watching Apple very carefully for years now. Because what is an autonomous vehicle?
lisegagne | E+ | Getty Images Millions of American families with kids are set to receive the last of six advance monthly child tax credit payments Dec. 15. Yet, just a few days earlier, Dec. 3, the U.S. government is set to shut down if Congress doesn’t approve more funding to keep it open through
Pinterest pledged $50 million to overhaul its corporate culture and promote diversity as part of an agreement to resolve allegations that it discriminated against women and people of color, according to court documents and statements from the plaintiffs and the company. The settlement was announced on Wednesday by Seth Magaziner, the general treasurer of Rhode
Kaisa Group Holdings Ltd.’s City Plaza development under construction in Shanghai, China, on Tuesday, Nov. 16, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating concerns about a default as China’s property sector continues to face pressure. Kaisa’s Hong Kong-listed
In this article DIS Disney’s “Encanto” centers around the Madrigals, an extraordinary family who live hidden in the mountains of Colombia and have been blessed with unique gifts. Disney Walt Disney Animation Studios has been delivering charming animated feature films to the masses since 1937. Its 60th feature, “Encanto,” is one of the best, critics
Federal Reserve officials at their meeting earlier this month expressed concern about inflation and said they would be willing to raise interest rates if prices keep rising. The committee that sets interest rates for the Fed on Wednesday released the minutes from the November session where it first signaled that it could be dialing back
House Democrats passed the $1.75 trillion Build Back Better Act on Friday, which includes a number of provisions for housing aid, including investments in public housing, rental assistance and down payment assistance. It now goes to the Senate, where it is likely to be revised again. In total, the legislation allocates about $170 billion to provisions
In this article M FTCH Betsie Van der Meer | DigitalVision | Getty Images With holiday shopping on my mind and Black Friday in plain sight, I’m laser-focused on the retail sector and its participation in my clients’ investment portfolios. Last week was big for consumers: October retail sales numbers beat expectations, and we had
Second Harvest Heartland workers distribute food in a recent truck to trunk event. As Covid-19 cases in Minneapolis surge, so has the demand for food, said CEO Allison O’Toole. Courtesy: Second Harvest Heartland The onset of the Covid-19 pandemic last year prompted millions of Americans to wait in long lines for food assistance in the
A real estate sign advertising a home “Under Contract” is pictured in Vienna, Virginia, outside of Washington. Larry Downing | Reuters An unusual surge in home buying, just as the market enters the historically slow holiday season, is driving mortgage demand higher. Total mortgage application volume rose 1.8% last week compared with the previous week,
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