A used car dealership is seen in Laurel, Maryland on May 27, 2021, as many car dealerships across the country are running low on new vehicles as a computer chip shortage has caused production at many vehicle manufactures to nearly stop. Jim Watson | AFP | Getty Images Price increases in used cars, car rentals,
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For two decades, former New York Yankees star C.C. Sabathia was one of the best and highest-paid pitchers in Major League Baseball, grossing more than $260 million throughout his career until he retired in 2019. In 2008, Sabathia signed what was then the largest contract for a starting MLB pitcher: a seven-year, $161 million deal. In his
David Solomon, chief executive officer of Goldman Sachs & Co., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs CEO David Solomon said that China’s recent moves boosting oversight of its technology
Pascal Broze | ONOKY | Getty Images Rising inflation has startled many retirees, who now worry about outliving their savings. The consumer price index for June, measuring the cost of food, gasoline, housing, utilities and other goods, increased by 0.9%, the largest one-month change since June 2008, according to the Labor Department. Although Federal Reserve
Bill Oxford | E+ | Getty Images Roughly 4 million refunds will be sent this week to people who overpaid taxes on their 2020 unemployment benefits, the IRS announced Tuesday. Due to the $1.9 trillion American Rescue Plan Act, which became law in March, up to $10,200 in 2020 unemployment compensation was excluded from taxable
In 2020 and 2021, Congress enacted three rounds of economic impact payments (EIPs) for direct relief to households amidst the pandemic-induced downturn. Survey data from the U.S. Census Bureau indicates that households increasingly saved their EIPs or used them to pay down debt rather than spend them. About 90 percent of tax filers and millions
In this article RGP-GB Stephen M. Ross attends The Wall Street Journal’s Future Of Everything Festival at Spring Studios on May 20, 2019 in New York City. Nicholas Hunt | Getty Images A super PAC funded largely by billionaire Stephen Ross racked up a winning record in New York’s city council primaries, a sharp reminder
Commercial space tourism will get a boost from Branson and Bezos.
Learn more about the Bull and Bear of the day go to https://www.zacks.com/bull
In this article VOW3-DE Technicians work in the final inspection line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021. Matthias Rietschel | Reuters Half of Volkswagen’s sales are expected to be battery-electric vehicles by 2030, the German carmaker said Tuesday. By 2040, the company said almost 100% of its
In this article GSBD David Solomon, chief executive officer of Goldman Sachs & Co., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs is set to report its second-quarter earnings before the
In this article BA JPM PEP Check out the companies making headlines before the bell: PepsiCo (PEP) – The snack and beverage giant gained 1.3% in premarket trading, after beating estimates on the top and bottom lines and raising its full-year forecast. PepsiCo earned an adjusted $1.72 per share for the quarter, 19 cents above
A visual representation of digital currencies. Yuriko Nakao | Getty Images Virtual payments can be costly and slow – which makes them ripe for disruption by digital currencies, particularly stablecoin. What makes virtual payments inefficient is that they occur in a multitude of smaller closed networks: banks facilitate transfers linked to accounts, credit card networks
10’000 Hours | DigitalVision | Getty Images Target-date funds have ballooned in popularity over the past 15 years — yet many investors aren’t using them the way they were intended. The funds were designed as a one-stop shop that put retirement savings on autopilot. Investors are meant to park their nest egg in one fund,
In this article VZ MA Mastercard and Verizon announced Tuesday a new partnership focused on 5G contactless payments for consumers as well as small- and medium-sized businesses. They hope to have some innovations from the partnership by 2023. The collaboration aims to enable businesses to use emerging payment technologies to turn smartphones in to cash
In this article WMT COST BJ Shoppers stock up on merchandise at a Sam’s Club store on January 12, 2018 in Streamwood, Illinois. Scott Olson | Getty Images For Sam’s Club shoppers, a trip to the store typically means lugging home big and often cumbersome items. A month’s supply of diapers. Lawn chairs. Large cartons
Signage for digital payment services Alipay by Ant Group, an affiliate of Alibaba, and WeChat Pay by Tencent are displayed outside a currency exchange in Hong Kong, China, on Tuesday, Sept. 1, 2020. Chan Long Hei | Bloomberg | Getty Images BEIJING — As China’s anti-monopoly and data security crackdown creeps into restrictions on U.S.
Dubai is already home to the world’s tallest building. Now it can lay claim to the world’s deepest diving pool too. Deep Dive Dubai opened on July 7, just 10 days after being named the world’s deepest diving pool by the Guinness World Records. The new indoor pool is nearly 200 feet deep and holds
In this article SPCE NASA Administrator Bill Nelson on Monday commended Virgin Galactic founder Richard Branson after he traveled to the edge of space as a passenger on his company’s VSS Unity spacecraft. “We put up Alan Shepard and Gus Grissom into suborbit 60 years ago, and now we’ve come to this, and I think
In this article DFS Last year, many high school seniors dramatically changed their expectations about the future. This year, more students are getting back on track. Nearly two-thirds of parents, or 63%, said their child’s post-high school plans have returned to what they were before the global pandemic, according to a report by Discover Student