Changpeng Zhao, CEO of Binance, speaks during a TV interview in Tokyo, Japan, on Thursday, Jan. 11, 2018. Akio Kon | Bloomberg | Getty Images The boss of cryptocurrency exchange Binance says he’s willing to step down from his role as the company seeks to become a regulated financial institution. Speaking at a virtual press
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In this article WMT A worker wearing a protective mask arranges shopping carts outside a Walmart store in Duarte, California, U.S., on Thursday, Nov. 12, 2020. David Swanson | Bloomberg | Getty Images In an effort to help curb soaring student loan debts, Walmart Inc. announced on Tuesday that it will pay 100% of college
A “For Sale” sign is seen in front of a home on May 30, 2019 in Miami, Florida. Joe Raedle | Getty Images Home prices continue to break records, as strong demand slams up against weak supply. Nationally, prices in May were 16.6% higher than in May 2020, according to the S&P CoreLogic Case-Shiller home
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The floods in China and Europe are yet “another body blow” for global supply chains, the CEO of a shipping firm told CNBC on Monday. “Rarely does a week go past without something new,” says Tim Huxley, CEO of Mandarin Shipping. Shipping has already seen massive disruptions this year. As parts of the world rebounded from
A US and a Chinese flag wave outside a commercial building in Beijing, 09 July 2007. Teh Eng Koon | AFP | Getty Images BEIJING — China’s purchases of U.S. goods are still falling short of trade agreement levels, even as overall Chinese imports from the U.S. have surged. That’s according to analysis out Monday
In this article AIR-NZ Travelers who are on the fence about flying again may want to check out a new list of the world’s best airlines. The airline safety website AirlineRatings.com published its list of “Top Airlines in the World,” which traditionally ranks carriers by safety, in-flight service, passenger comfort and flight routes. But this
Traders work on the floor of the New York Stock Exchange (NYSE), July 21, 2021. Brendan McDermid | Reuters (Click here to subscribe to the new Delivering Alpha newsletter.) Initial public offerings have come roaring back, on track for a record year as companies race to go public in a stock market at all-time highs. So far
A gift-card display at a Publix supermarket. Jeff Greenberg | Universal Images Group | Getty Images If you’re like many Americans, you could be sitting on a small financial windfall. A new Bankrate.com survey finds that more than half of adults — 51% — currently have unused gift cards, vouchers and store credits. In total,
Over the past few weeks the media has reported on how wealthy taxpayers who own sports teams lower their tax liability by deducting the cost of purchasing a sports team over 15 years. Contrary to claims that deducting the cost of a sports team from taxable income is a “loophole,” such deductions are a normal
Houses for sale at a real estate summit & trade fair in Beijing, China. Zhang Peng | LightRocket | Getty Images U.S. homebuyers went on a buying spree during much of the coronavirus pandemic‘s first year. International buyers did just the opposite, though. Even with virtual options in place for property tours, sales of U.S.
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CNBC’s Jim Cramer delivered an optimistic tune on Monday, predicting that the reopening plays will surge again when the U.S. reaches herd immunity against Covid-19. “If we reach some sort of nationwide pseudo herd immunity through a combination of vaccines and infections, or even if we just get a peak in new cases, it could
In this article TSLA SpaceX founder and Tesla CEO Elon Musk visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Tesla reports second-quarter results after the bell on Monday. Here’s what analysts are expecting, according to estimates compiled by Refinitiv: Earnings: 98 cents per share, adjusted, expected
Longtime market bull Phil Orlando is bracing for a rough stretch because Wall Street has reached a critical “inflection point.” The Federated Hermes chief equity market strategist is blaming the risk dynamic. Not only does Orlando see hotter-than-expected inflation and the Covid-19 delta variant as glaring issues, he’s also worried about uncertainty surrounding monetary and fiscal
Singer Britney Spears attends the Billboard Music Awards at T-Mobile Arena in Las Vegas, Nevada. Lester Cohen | BBMA2016 | Getty Images Britney Spears’ new attorney has filed a petition to replace her father James Spears with Jason Rubin, a certified public accountant, as the pop star’s sole conservator. The move comes just a few
Omar Marques | LightRocket | Getty Images In typical Robinhood fashion, the stock trading app hosted an unconventional virtual roadshow on Saturday. Rather than holding the event behind doors among investment bankers and hedge funds, as is typical, the event was democratized as Robinhood management fielded questions from everyday investors. Robinhood is seeking a market valuation
Thomas Barwick | DigitalVision | Getty Images In July, the first of six monthly child tax credit payments went out to more than 35 million households with about 60 million kids, according to the IRS. The money is an advance on a 2021 credit and is an enhancement of the existing child tax credit. For