Robinhood Markets, Inc. CEO and co-founder Vlad Tenev and co-founder Baiju Bhatt pose with Robinhood signage on Wall Street after the company’s IPO in New York City, U.S., July 29, 2021. Andrew Kelly | Reuters Robinhood Markets CEO Vlad Tenev said Tuesday he’s unclear what Sam Bankman-Fried, the disgraced former CEO of FTX, is going to do with his
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images One key lesson of the past year is that the world is not ready to move away from oil and gas as the dominant
Rafael Henrique | Sopa Images | Lightrocket | Getty Images Robinhood is bringing the concept of a 401(k)-style contribution match to its retail customers who may not have access to a retirement plan through the workplace. The retail brokerage will pay a 1% “match” on contributions its customers make to a Robinhood individual retirement account,
Key Findings: Excessive tax rates on cigarettes induce substantial black and gray market movement of tobacco products into high-tax states from low-tax states or foreign sources. New York has the highest inbound smuggling activity, with an estimated 53.5 percent of cigarettes consumed in the state deriving from smuggled sources in 2020. New York is followed
Homeland Security sign for REAL ID at entrance to passenger TSA security area, West Palm Beach, Florida. Lindsey Nicholson | UCG | Universal Images Group | Getty Images U.S. officials are delaying for two more years the enforcement of a rule requiring people to get new identification cards to board domestic flights, access federal facilities
Pictured here are locals on a subway in Zhengzhou city, Henan province, on Dec. 5, 2022, after the municipality said negative nucleic acid test results are no longer needed to ride public transportation. Vcg | Visual China Group | Getty Images BEIJING — China’s Covid lockdowns are having a lessening impact on the economy for
Travel demand has surged this year, although not everyone can afford the sky-high tab. Along with rising costs for hotels and rental cars, travelers can expect to pay up to 39% more for a round-trip flight around Christmas compared with last year, according to data from the travel booking app Hopper. Young adults, in particular, are shifting
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – About 65% of Ford Motor’s dealers have agreed to sell electric vehicles as the company invests billions to expand production and sales of the battery-powered
In this article HLF GTLB SUMO Follow your favorite stocksCREATE FREE ACCOUNT People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021. Source: Nasdaq Check out the companies making headlines in post-market trading. GitLab – The development software operator jumped 23% after it posted a narrower per-share loss than expected while also coming in
seksan Mongkhonkhamsao | Moment | Getty Images With the holiday season in full swing, it can be easy to forget about the finer points of financial planning. While your tax return isn’t due until April, several key deadlines are approaching by year-end, experts say. “You can control your tax reporting destiny,” said certified financial planner
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In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the Warner Bros. Discovery logo is displayed on a smartphone screen and in the background, the HBO Max and Discovery Plus logos. Rafael Henrique | Lightrocket | Getty Images Warner Bros. Discovery executives are close to formalizing a new name and
A United Airlines terminal at John F. Kennedy International Airport in New York January 24, 2011. Jessica Rinaldi | Reuters Check out the companies making headlines in premarket trading Monday. United Airlines — Shares rose 1% after Morgan Stanley upgraded United Airlines to overweight from equal weight, saying 2023 could be a “goldilocks” year for
In this article 9868-HK 9866-HK BABA PDD 1698-HK Follow your favorite stocksCREATE FREE ACCOUNT Alibaba headquarters in Hangzhou, China. Bloomberg | Bloomberg | Getty Images Shares of Chinese companies listed in the U.S. erased earlier gains Monday after China loosened more Covid restrictions to accelerate the reopening of the economy. The Invesco Golden Dragon China ETF, which
It’s been more than 3 decades since Soo-man Lee founded SM Entertainment, one of South Korea’s music agencies known for bringing K-pop to the world. The entertainment company, originally founded as SM Studio in 1989, became one of the first to kickstart the global Hallyu wave — better known as the Korean wave. But Lee’s
The German housing market has been remarkably strong in the last couple of decades, but it faces a serious price correction in the next couple of years, according to some analysts. Tim Graham / Contributor / Getty Images The German housing market has been remarkably strong for decades, but it faces a serious price correction
Investors may get a wake-up call this winter when it comes to taxes, but it doesn’t have to be that way. According to BNY Mellon’s Ben Slavin, it’s a key time to sell losing investments in order to cut down on capital gains. He warns waiting until January or February may be too late. “Mutual
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Bob Iger, CEO, The Walt Disney Company Scott Mlyn | CNBC Disney reappointed Bob Iger as its chief executive recently, abruptly replacing his hand-picked successor Bob Chapek, and giving Iger an early goal — find a new replacement during the next two years. Iger’s attention
In this article ADI MCHP FANG VMW Follow your favorite stocksCREATE FREE ACCOUNT VMware at the NYSE, Dec. 14, 2021. Source: NYSE Investors’ attention has returned to the Federal Reserve after a hot November jobs report last week. That’s because even though the central bank has pushed interest rates higher, the economy continues to add
New cars are getting increasingly expensive. But they’re also more durable than before, which means drivers have a better chance of getting their money’s worth. As the average transaction price for new cars reached an estimated $45,872 in November — the highest on record, according to a joint forecast from J.D. Power and LMC Automotive —