A view of the site during a rescue operation of a 12-storey Champlain Tower partially collapsed in Surfside, Florida, United States, on June 25, 2021. Stringer | Anadolu Agency | Getty Images Nearly three years before a Florida condo tower collapsed, an engineer warned that the building’s failed waterproofing of its pool deck was causing
admin
Federal Reserve Vice Chairman for Supervision Randal Quarles addresses the Economic Club of New York in New York City, October 18, 2018. Brendan McDermid | Reuters The Federal Reserve announced Thursday that the biggest U.S. banks could easily withstand a severe recession, a milestone for the once-beleaguered industry. The Fed, in releasing the results of
Marla Snead (right), with daughters Kelsie Dillard (left) and Carlee Turner. Marla Snead In just a few weeks, millions of families will start to receive monthly payments from the federal government through its new, expanded child tax credit. For Marla Snead, 52, the money will mean the world. Snead and her youngest daughter, Carlee, 14,
Kevin Durant #7 of the Brooklyn Nets takes a shot to tie the game and force overtime as P.J. Tucker #17 of the Milwaukee Bucks defends in the final seconds of regulation during game seven of the Eastern Conference second round at Barclays Center on June 19, 2021 in the Brooklyn borough of New York
In this article JPM WFC GS BAC NKE FDX The Nike logo is seen on the Nike store on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Check out the companies making headlines after the bell: Nike —Shares of the shoe giant popped about 5% in extended trading
d3sign | Moment | Getty Images The Earth is heating up and the effects — droughts, hurricanes, wildfires, to name a few — are getting more common and severe. Yet consumers can do something about climate change — in simple ways that also save money. “It’s a bunch of little things that add up,” said
Getty Images Amid the recent real estate bull market, one fact has been often overlooked: More than half of home ownership growth over the past decade has come from the Latino population. That trend is expected to continue. A study by the Urban Institute forecasts Latino buyers will comprise 70% of home ownership growth from
In this article NKE CNBC’s Jim Cramer on Friday advised investors to wait for shares of Nike to cool down before buying after the stock rallied double digits on a quarterly report that beat expectations by a long shot. “While the stock’s far from cheap, business is booming, so you’ve got my blessing to buy
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike reported quarterly earnings of 93 cents per share, well above the 51 cents a share consensus estimate. Revenue beat forecasts by a wide margin and exceeded $12 billion for the first time. Nike benefited from pent-up demand for its
In this article US10Y A view of an apartment building in the Chelsea neighborhood of Manhattan, New York City. Drew Angerer | Getty Images Retirees who are worried about inflation eroding the value of their income may want to check out real estate investment trusts. REITs are companies that own and/or operate properties like shopping
Loss carryover provisions allow businesses to either deduct current year losses against future profits (carryforwards) or current year losses against past profits (carrybacks). Many companies have investment projects with different risk profiles and operate in industries that fluctuate greatly with the business cycle. Carryover provisions help businesses “smooth” their risk and income, making the tax
CNBC’s Jim Cramer on Friday advised investors to keep a clear mind in the coming days as Wall Street readies to digest the June jobs report out in a week. The report will be pivotal due to the ongoing debate about rising consumer prices in the U.S., he said. “Next week’s all about Friday’s nonfarm
Virgin Galactic SpaceShipTwo spacecraft Unity during a glide flight test in New Mexico. Virgin Galactic Virgin Galactic — Virgin shares soared more than 36% after it announced the Federal Aviation Administration has given it the green light to fly paying customers into space. It’s the first such license approved by the FAA. The company has
With less than a month to go before Jeff Bezos embarks on his “greatest adventure” with a trip to space, more than a few people here on Earth are making it known they’d prefer it if the wealthiest man on the planet takes a one-way trip and remains in orbit. A petition on Change.org entitled
Sir Richard Branson, left, and CEO Michael Colglazier celebrate the company’s third spaceflight test on May 22, 2021. Virgin Galactic Jeff Bezos plans to launch himself to the edge of space on July 20, but fellow billionaire Sir Richard Branson might still try to fly with Virgin Galactic first. Virgin Galactic leadership previously stated the company
FatCamera | E+ | Getty Images The push for a higher federal minimum wage could help those who are underpaid, particularly child-care workers. However, raising that minimum pay rate could also make child care unaffordable for many families. Such is the Catch-22 that policymakers now face as they look to rebuild the economy from the
A building in Massachusetts where some tenants are not paying rent. Source: Howard Simon The one-month extension of the Centers for Disease Control and Prevention’s eviction moratorium was welcome news for tenants but another nail in the coffin for some struggling landlords. Groups representing landlords had been lobbying hard to end the moratorium and now
In this article NKE The Nike logo is seen on the Nike store on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Nike shares surged more than 13% Friday morning, on pace to open at a record high, after the sneaker maker forecast full-year sales topping $50 billion
In this article TSLA TWTR Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Tech billionaires Elon Musk and Jack Dorsey have agreed to discuss bitcoin with each other at an event in July. In a bizarre Twitter thread,
In this article SPCE VSS Unity is released from carrier aircraft VMS Eve during the launch of its third spaceflight on May 22, 2021. Virgin Galactic Virgin Galactic announced on Friday that the Federal Aviation Administration granted the company the license it needs to fly passengers on future spaceflights, a key hurdle as the venture