In this article PGR TRV ALL An employee at a used auto dealership treads water as he checks on vehicles they are moving out of the rising waters from two days of heavy rain in Lexington, Miss., Thursday, June 10, 2021. Rogelio V. Solis | AP Despite recent increases in auto insurance rates, the market
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In this article PSTH Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Company: Pershing Square Tontine Holdings, Ltd. (PSTH) Business: Pershing Square Tontine Holdings is a special purpose acquisition company (“SPAC”). The firm does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition,
In this article IRSA3-AR Samuel Corum/Bloomberg via Getty Images Jeff Lavigne plans to use a tax refund this year for long-delayed medical help. Yet his refund, almost $2,700, has been in limbo since mid-March, when Lavigne filed his tax return, records show. The IRS flagged the return for potential identity theft — as it did
It took until the last day of the session, but Louisiana lawmakers succeeded in passing a tax reform package Thursday that would simplify a complicated tax code and make the state more economically competitive. Because these measures are reliant on constitutional amendments, voters will ultimately decide the success of the plan in October. However, if
Charlie Eaton Courtesy: Charlie Eaton The odds of student loan forgiveness happening have never been greater, experts say. Yet a number of large obstacles stand in the way, some practical and others ideological. Does the president have the authority to cancel the debt? Officials at the U.S. Department of Education and the U.S. Department of
In this article FB Matteo Colombo | DigitalVision | Getty Images After stocks muscled their way slightly higher on Friday, CNBC’s Jim Cramer advised investors not to underestimate a market that’s putting up small gains. The S&P 500 crawled 0.19% higher to 4,247.44, a record close. “Some would say it’s the calm before the storm
In this article CHWY VRTX PLAY A dog hi-fives it’s owner in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Getty Images Check out the companies making headlines after the bell: Chewy — Shares of Chewy
nortonrsx | iStock | Getty Images Not all debt is the same. So how should you decide which to repay first? Amid the coronavirus pandemic last year and ensuing economic recession, debt grew for many Americans. In 2020, consumer debt ballooned to a new high of $14.88 trillion, a 6% increase from the previous year,
People and students from Worker’s Circle of Boston and members of City Life Vida Urbana protest to rally support behind house bill HD3030, which seeks to stop evictions during the ongoing coronavirus pandemic, at the Massachusetts State House in Boston on March 14, 2021. Jim Davis | Boston Globe | Getty Images Sabrina Floyd doesn’t
Dr. Peter Hotez warned that Southern U.S. states could feel the impact of the highly transmissible Delta Covid variant as early as this summer, due in part to low vaccination rates. “I’m really holding my breath about the South and what happens over the summer,” said Hotez, co-director of the Center for Vaccine Development at
Take a look at some of the biggest movers in the premarket: Snowflake (SNOW) – Snowflake shares fell 3.7% in premarket trading, following the cloud computing company’s presentation of financial targets at its Investor Day meeting. Snowflake set a target of reaching $10 billion in annual product revenue by 2029, compared to $554 million in
The beach at Wildwood, New Jersey, on the Jersey Shore on May 27, 2021. Spencer Platt | Getty Images Certified public accountants have a message for New Jersey-based clients: It’s time to move to a lower-cost state. That’s according to a recent survey from the New Jersey Society of CPAs, which found that 70% of
In this article RDFN The CEO of real estate brokerage Redfin told CNBC on Friday there’s been a much-needed cooling in the booming housing market recently. “For the past couple of weeks, housing has been hot instead of blazing hot, and it’s actually probably good for the market. We’ve been running too hot for too
chameleonseye | iStock | Getty Images Suicide attempts surged among 12- to 17-year-olds, especially adolescent girls, during the Covid-19 pandemic and got worse the longer social distancing orders and government lockdowns persisted, according to new data from the Centers for Disease Control and Prevention. Emergency department visits at hospitals among adolescents were already increasing in
In this article PLAY ZM SNOW VRTX Signage is seen ahead of the IPO for Chewy at the New York Stock Exchange, June 14, 2019. Andrew Kelly | Reuters Check out the companies making headlines in midday trading. Snowflake – Shares of the cloud computing company dropped nearly 4%. The firm presented its financial targets
As some nuclear power companies continue to shut down nuclear reactors for reasons ranging from economic woes to safety concerns, Bill Gates is bullish on nuclear power as a clean energy solution to climate change. Gates, who is also an investor in nuclear power, told the Nuclear Energy Institute’s Nuclear Energy Assembly on Wednesday that
In this article TSLA AMZN CNBC’s Jim Cramer on Friday suggested the U.S. impose a surtax on billionaires following this week’s ProPublica report on how some of the richest people on the planet are avoiding taxes. In recent years, billionaires including Amazon CEO Jeff Bezos, Tesla CEO Elon Musk, and businessman Michael Bloomberg, investors Carl
Icicles hang off the State Highway 195 sign on Feb. 18, 2021 in Killeen, Texas. Joe Raedle | Getty Images The threat of climate change is shifting some older Americans’ retirement plans. Extreme weather such as hurricanes, flooding, freezing temperatures and wildfires has prompted some to rethink where they will spend their golden years. “Clients
There has been some confusion about how some parts of the recent G7 agreement on new tax rules for multinational companies might work. The new policies would target the largest and most profitable multinationals and bring in a global minimum tax. The G7 agreement is subject to further debate and further agreement at the G20
kate_sept2004 | E+ | Getty Images Before you take out a mortgage or car loan, check your credit report. It may have a mistake that could cost you. It’s not as uncommon as you may think. More than one-third, or 34%, of Americans found at least one error on their credit report, according to a