Three P&O Ferries, Spirit of Britain, Pride of Canterbury and Pride of Kent moor up in the cruise terminal at the Port of Dover in Kent as the company has suspended sailings ahead of a “major announcement” but insisted it is “not going into liquidation.” Gareth Fuller | PA Images | Getty Images The boss
In this article DRI An Olive Garden restaurant in Times Square in New York. Richard Levine | Corbis | Getty Images Darden Restaurants on Thursday reported quarterly earnings and revenue that missed analysts’ expectations, saying the omicron variant of Covid-19 led to disappointing sales for its Olive Garden chain. The company also lowered its earnings outlook for
Gary Gensler, chairman of the Securities and Exchange Commission, at the SEC headquarters in Washington, on July 22, 2021. Melissa Lyttle/Bloomberg via Getty Images The Securities and Exchange Commission on Monday unveiled a sweeping proposal to expand investors’ insight into the threat that climate change poses to public companies and how they contribute to a
Eclipse, the private luxury yacht of Russian billionaire Roman Abramovich, anchors at Cruise Port in Marmaris district of Mugla, Turkey on March 22, 2022. Anadolu Agency | Anadolu Agency | Getty Images The azure waters of southwest Turkey saw the arrival of a two multimillion-dollar superyachts this week reportedly belonging to Russian oligarch Roman Abramovich,
In this article BLK Larry Fink David Orrell | CNBC Russia’s invasion of Ukraine could accelerate the adoption of digital currencies by central banks, according to BlackRock’s Larry Fink. The CEO of the $10 trillion-asset money manager called it one of the “less discussed” outcomes of the war, which began one month ago, in his
The IRS has already issued more than 45 million refunds this year, at an average $3,352 each. That’s over $500 more than last year, when the average refund was just over $2,800. For most Americans, a lump-sum payment of this size is rare and fewer people want to squander it. Now, nearly half — or 46%
Chuyn | Istock | Getty Images Whether you’re an expat or U.S.-based, you may need to report your foreign accounts to the U.S. Department of the Treasury by April 15 — or face costly tax penalties. The anti-money laundering Bank Secrecy Act of 1970 requires Americans with overseas assets to disclose holdings via a Report
A growing array of investment options make it easier to put digital tokens alongside traditional investments. Here’s what to know. Larry David travels through the ages, pooh-poohing many of the world’s greatest innovations — indoor plumbing, the dishwasher and, lastly, cryptocurrency. “Don’t be like Larry,” the Super Bowl commercial urges. “Don’t miss out on the
The saga of Proposition 208, Arizona’s income surtax, appears to have finally reached its conclusion but some structural uncertainly remains. The initiated state statute, which assessed a 3.5 percent surtax on income over $250,000 ($500,000 for joint filers), was approved by voters on Election Day 2020. But by the end of November, a lawsuit (Fann
A child reacts while receiving a dose of the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine at Smoketown Family Wellness Center in Louisville, Kentucky, U.S., November 8, 2021. Jon Cherry | Reuters LONDON — One of the enduring mysteries of the Covid-19 pandemic, a global health crisis that has led to over 6 million fatalities, is that
New Home Construction by KB Home in California Bloomberg | Getty Images Check out the stocks making headlines in extended trading on Wednesday. KB Home — Shares for the homebuilding company slipped 4.3% after reporting an earnings miss. KB Home reported $1.47 earnings per share, missing the $1.56 consensus estimate by 9 cents. The company
David-Prado | iStock | Getty Images The U.K. government’s latest budget announcement offered little hope for young people who are among those struggling to cope with soaring living costs, financial analysts and advisors have told CNBC. In his Spring Statement, U.K. Finance Minister Rishi Sunak acknowledged that the Russia-Ukraine war was putting more pressure on
Gas prices stay high as people line up for discounted prices at Costco. Regular at $5.39 per gallon. Robert Gauthier | Los Angeles Times | Getty Images Low-earners bore the brunt of the economic fallout after the initial onset of Covid-19. Now, as gas prices have spiked and historic high inflation drives consumer costs up,
When is something a tax for purposes of the Permanent Internet Tax Freedom Act but not a tax for purposes of the Tax Injunction Act? It sounds like the world’s dullest riddle, but it was an actual question posed in federal court. There are some genuinely good answers to the question, but the court largely
CNBC’s Jim Cramer told investors that they shouldn’t lose faith in the market’s ability to recover after Wednesday’s declines. “History is very clear: It says you must stay the course. The S&P 500’s already had a successful 50% retracement of its huge decline, and in the 21 times that’s happened since the Great Depression, it’s
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 21, 2022. Brendan McDermid | Reuters Stock futures rose slightly on Wednesday night as investors recover from losses during the regular trading session. The Dow Jones Industrial Average futures rose by 3 points, or 0.01%. S&P 500 and
Bloodua | Istock | Getty Images Senate Majority Leader Chuck Schumer of New York and Sen. Elizabeth Warren, D-Mass., are among those calling on President Joe Biden to bypass Congress and forgive student debt through executive order. “You just need the flick of a pen,” Schumer has often been quoted saying on the matter. Yet there
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A customer exits a Petco store in Clark, New Jersey. Ron Antonelli | Bloomberg | Getty Images Petco CEO Ron Coughlin on Wednesday said the specialty retailer has a key advantage in an uncertain environment: Americans spend on pets, even when their budgets tighten. At an investor day in New York City, he said the
In this article 700-HK Tencent’s twin-skyscrapers at Shenzhen Bay Start Up Plaza in Nanshan business district. Nikada | Getty Images Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021 as the Chinese technology giant continues to feel the impact of Beijing’s regulatory tightening on the domestic technology sector. However,