Three sun-and-sand spots — California, Florida and Hawaii — account for a quarter or more of all flights and car rentals this weekend. Erik Isakson | Tetra images | Getty Images As people head into the long July 4 weekend, travel bookings are at last nearing pre-pandemic levels, according to a new analysis from TripIt
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In recent years, countries have been debating significant changes to international tax rules that apply to multinational companies. This week there was a breakthrough in discussions, and an outline for the new rules was released by the Organisation for Economic Co-operation and Development (OECD). If today’s global tax agreement is fully implemented, large U.S. companies
A “For Sale” sign is seen in front of a home in Miami, Florida. Joe Raedle | Getty Images Record high home price appreciation is sidelining ever more buyers and finally taking the bang out of the pandemic-induced housing boom. Weekly mortgage demand is falling along with it, down 6.9% for the week according to
Umpires check the hat and glove of Trevor Bauer #27 of the Los Angeles Dodgers for foreign substances after the first inning against the San Francisco Giants at Dodger Stadium on June 28, 2021 in Los Angeles, California. Meg Oliphant | Getty Images Los Angeles Dodgers superstar pitcher Trevor Bauer on Friday was placed on
In this article F Bronco SUVs in production at Ford’s Michigan Assembly plant, June 14, 2021. Michael Wayland | CNBC DETROIT – Ford Motor’s June and second quarter sales were below analyst expectations as a global shortage of semiconductor chips caused significant production cuts and inventory constraints. Ford sold 475,327 vehicles during the second quarter,
Rendering of the Krispy Kreme Times Square flagship. Krispy Kreme Check out the companies making headlines in midday trading. Virgin Galactic — The space tourism company’s stock is up 3% after announcing founder Sir Richard Branson will be aboard its next spaceflight test. The stock jumped as much as 25% shortly after the open before
Virgin Galactic shares surged on Friday after the space tourism venture announced its next spaceflight test will carry founder Sir Richard Branson. The mission – with two pilots guiding spacecraft VSS Unity carrying Branson alongside three Virgin Galactic employees – plans to launch on July 11 from the company’s operations hub at Spaceport America in
CHUYN | iStock | Getty Images Figures from the IRS show who has received money from the third stimulus checks for up to $1,400 per person — and there are some surprises. In fact, some people with adjusted gross incomes above $200,000 received a cut. The IRS reports 127,751 payments went to taxpayers in that
It was February 2020. Brittany Jones had high expectations for the Atlanta-based Airbnb rental business she had just launched. “‘Oh wow, this is going to be great,’” she said she remembers thinking. “We were getting bookings fast, well into the summer.” The 34-year-old single mom was soon pouring her hard-earned savings into the venture as
After weeks of deliberations, Arizona Gov. Doug Ducey (R) this week signed into law a budget for fiscal year (FY) 2022 that reduces the state’s individual income tax rates and consolidates brackets, a plan that will help restore Arizona’s reputation as a low-tax alternative to California. The enacted law kept the basic framework of the
A demonstrator at a June 30 Cancel Rent and Mortgages rally in Minneapolis. Brandon Bell | Getty Images The nation’s mortgage servicers are gearing up for the biggest wave of delinquent loans since the subprime mortgage crisis, but this time they say they are ready. The first wave of borrowers to enter the government’s coronavirus
Two women in face masks walk along a shopping area on April 19, 2021 in Dubai, United Arab Emirates. Francois Nel | Getty Images News | Getty Images Vaccination campaigns in several Middle East nations raced ahead of the rest of the world at the beginning of 2021. Israel, the United Arab Emirates and Bahrain
Xpeng Motors launches the P5 sedan at an event in Guangzhou, China on April 14, 2021. The P5 is Xpeng’s third production model and features so-called Lidar technology. Arjun Kharpal | CNBC BEIJING — U.S.-listed electric car start-up Li Auto reported more deliveries than Xpeng in June, putting the latter in last place for the
Getty Images Danish households are the richest in the European Union, according to a data analysis by the country’s central bank. The average household in Denmark had 1.88 million Danish krone ($300,000) in financial assets as of the fourth quarter of 2020. The data, released Wednesday, was extracted from the European Central Bank’s disclosure of
In this article DNUT Biden administration says it will fall short of its Fourth of July vaccination goal All the free beer, doughnuts and baseball tickets won’t be enough to keep up the pace of vaccinations. President Joe Biden’s goal of getting at least one shot in the arms of 70% of U.S. adults before the
Guests attend a pool party in the penthouse apartment at the 50 United Nations Plaza building in New York. Michael Nagle | Bloomberg | Getty Images Manhattan real estate prices reached an all-time high in the second quarter, as buyers returned to the city and boosted demand for the largest, most expensive apartments, according to
The Biden administration is taking the right approach in fighting the highly contagious Covid-19 delta variant by deploying response teams to vulnerable communities, Dr. Scott Gottlieb said Thursday. “I think that the administration is doing the right thing, in terms of shifting their strategy,” Gottlieb, the former FDA chief under former President Donald Trump, told
A person walks outside Duane Reade by Walgreens in Hell’s Kitchen on May 26, 2021 in New York City. Noam Galai | Getty Images Walgreens Boots Alliance said on Thursday that sales rebounded at its stores in its fiscal third-quarter and got a lift from Covid-19 shots, prompting the company to raise its outlook for
Commuters exit a Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Futures contracts tied to the major U.S. stock indexes held steady at the start of the overnight session Thursday evening as Wall Street awaited the key June jobs report and another glimpse at the recovering
New travel companies are making it easier for remote workers to live and work abroad without the long-term commitment. So-called “workcations” are on the rise, with 74% of Americans who are working from home saying they would consider taking one, according to a report published in March by The Harris Poll. But rather than booking