A restaurant worker at a May 26, 2021 “Wage Strike” demonstration organized by One Fair Wage in Washington, D.C. Anna Moneymaker | Getty Images News | Getty Images The coronavirus crisis has cast new attention on wages and income. It’s been 12 years since the last federal minimum wage increase, and whether a hike in
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Fannie Mae and Freddie Mac are dropping a fee on mortgage refinances that was instituted during the pandemic, lowering costs for borrowers, the Federal Housing Finance Agency said Friday. Fannie and Freddie were charging lenders a 50 basis-point fee for all loans that were delivered to the two mortgage giants. The fee, designed to cover
Selective focus. Concept photo. Oleksandr Siedov | iStock Editorial | Getty Images LONDON — More than 500,000 people in Britain were told to self-isolate last week by the government-backed Covid-19 Test and Trace app, with similar numbers expected over the coming weeks. In the week ending July 7, a record 520,194 people in England were
In this article SQ Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Payments company Square is launching a
Delmaine Donson | E+ | Getty Images Like many Americans, you may dread the thought of returning to the office. Yet only 12% of companies are adopting a “remote-first” model in the second half of 2021, a recent CNBC survey of 50 members of the CNBC Global CFO Council, Technology Executive Council (TEC) and Workforce
The Biden administration has proposed to significantly increase the tax burden on foreign income through a policy known as Global Intangible Low-Tax Income (GILTI). While the administration’s rhetoric focuses on doubling the tax rate on GILTI from 10.5 percent to 21 percent, this is less than half the story. The rate on GILTI is going
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In this article SCHW MoMo Productions | Taxi | Getty Images When it comes to building wealth, many Black Americans are facing an uphill battle. The median annual wage for Black workers is about 30% lower than that of white workers, according to a McKinsey & Company report. The report also found that 3.5 million
There isn’t enough evidence right now to show that booster shots for Covid vaccines are needed, according to a former FDA director. “Being prepared to make boosters is a good thing, but we really don’t have … evidence, at least in the United States, where we’re seeing vaccine failures or we’re seeing waning in immunity,
In this article PEP Bottles of PepsiCo Inc. brand Pepsi soda for sale at a grocery store in Bagdad, Kentucky, U.S., on Friday, April 9, 2021. Luke Sharrett | Bloomberg | Getty Images PepsiCo on Tuesday reported that its quarterly revenue rose more than 20% as restaurant demand for its drinks returned, fueling an earnings
Gojek drivers wearing protective masks wait for a customer along a road in Jakarta, Indonesia on Wednesday, April 22, 2020. Dimas Ardian | Bloomberg | Getty Images SINGAPORE — Southeast Asia’s late-stage start-ups are attracting growing interest from blank-check companies that want to take them public, a venture investor told CNBC. More than 40 SPACs
Google’s dedicated “sustainability” landing page is where the tech giant outlines its goals to combat climate change — like being carbon free by 2030 — and shows status reports on its environmental efforts, such as making a “hyperlocal” air quality map. Combating climate change is a “foundational value” for Google and other Silicon Valley companies,
eyecrave | E+ | Getty Images States could do a far better job of teaching financial literacy in their schools, a new report suggests. To that point, 66% of states earned grades of C or worse for such instruction, according to the Nation’s Report Card on Financial Literacy, a study released by the American Public
Businesses’ tax liability can differ markedly across states, and policymakers often pay attention to this competitive tax landscape. What is less often remarked upon, however, is the variation of tax treatment within a given state. Different industries and activities can face radically different tax burdens within the same state due to non-neutralities in the tax
Gas prices are displayed at a Chevron station on June 14, 2021 in Los Angeles, California. Mario Tama | Getty Images Prices are rising for a wide array of goods and services as the U.S. confronts a level of inflation not seen in decades. Labor shortages, supply chain disruptions, and exploding demand as the pandemic
4 out of the 5 FAANG stocks are hitting all-time highs. Is this the best it will ever be for big cap tech?
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An American Airlines Group Inc. plane prepares for landing at LaGuardia Airport (LGA) in New York. Timothy Fadek | Bloomberg | Getty Images American Airlines expects the travel boom to last beyond this summer. The carrier has told the remaining 3,300 flight attendants on voluntary leave to come back by November or December and that
Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America is scheduled to report second-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: 77 cents a share, 108% higher than the year earlier period, according to Refinitiv. Revenue: $21.8 billion, 2.8% lower than a year earlier. Net Interest