Shane Evans, interim CEO of fintech platform MX. Courtesy: MX Fintech start-up MX has named Shane Evans its interim CEO as the company prepares for an initial public offering or possible sale, CNBC has learned. Evans, who joined the Utah-based start-up in 2019 as chief revenue officer, is replacing founder Ryan Caldwell, who will become
A woman looks at an NFT titled “CURIO CARDS (EST. 2017)” on Sept. 28, 2021, at Christie’s auction house in New York. TIMOTHY A. CLARY | AFP | Getty Images In the digital realm, all taxes aren’t necessarily equal. Amid a cryptocurrency and non-fungible token (NFT) boom, wealthy owners may pay a different tax rate
Higher prices are already taking a toll. As consumers pay more for everything from groceries to gasoline, household income is failing to keep pace with a higher overall cost of living, according to recent reports. Over the past two years, median income fell 3% while the cost of living rose nearly 7%, due, in part,
If you waited several months to receive your tax refund last year, you aren’t alone. In November of 2020, the IRS still had millions of tax returns left to process, meaning millions of taxpayers didn’t get their 2020 tax refunds until almost the end of 2021. We know your tax refund can be one of
International travel is likely to recover soon despite progress being slowed by the omicron variant, according to AirAsia chief executive Tony Fernandes. “I do believe that we’re at the beginning of the end,” he told CNBC’s “Squawk Box Asia” on Monday, noting that the recovery has already begun in earnest. “The good thing is, this time last
Market bull Julian Emanuel sees a dot-com era dynamic that could shatter the S&P 500’s record highs. In his first TV interview since starting at Evercore ISI, Emanuel told CNBC’s “Fast Money” an emotionally charged public could drive the index to 5,509 this year. “They really haven’t committed sort of every last dollar in the
Georgijevic | E+ | Getty Images The start of the year is the perfect time to review your retirement savings, including pre-tax versus Roth 401(k) contributions. Roughly 86% of 401(k) plans offered a Roth account in 2020, up from 75% in 2019, according to the Plan Sponsor Council of America. While pre-tax deposits offer a
An elderly couple walk past a sign in front of Shimao Tower, developed by Shimao Group Holdings Ltd., in Shanghai, China, on Saturday, Jan. 8, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese real estate developer Shimao Group Holdings pushed back Tuesday on reports of default and sales of prime property. Shimao
Pfizer CEO Albert Bourla addresses a press conference after a visit to oversee the production of the Pfizer-BioNtech COVID-19 vaccine at the factory of U.S. pharmaceutical company Pfizer in Puurs, Belgium April 23, 2021. John Thys | Pool | Reuters Pfizer CEO Albert Bourla on Monday said two doses of the company’s vaccine may not
In this article AMGN WYNN MU INTC Signage at the entrance to the Intel headquarters in Santa Clara, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Intel — The tech giant jumped more than 4% after hours after the
Actor, producer and entrepreneur Kevin Hart is the one of world’s highest paid stand-up comedians and owns a successful venture capital firm — but he didn’t get where he is in the business world without learning from his mistakes. On Friday’s episode of ABC’s “Shark Tank,” the guest Shark turned down an offer from Candi
A trader in a face mask works on the trading floor at the New York Stock Exchange (NYSE) as the Omicron coronavirus variant continues to spread in Manhattan, New York City, U.S., December 20, 2021. Andrew Kelly | Reuters The Nasdaq Composite and the tech sector of the S&P 500 slid sharply to begin the
Chesnot | Getty Images Major cryptocurrencies such as bitcoin and ether have had a rough start to 2022. For some investors, it may be an opportunity to buy into the risky digital assets. Bitcoin slumped as much as 6% Monday, falling below $40,000 per coin for the first time since September, according to Coin Metrics.
A pedestrian walks by a Wells Fargo home mortgage office in San Francisco. Justin Sullivan | Getty Images If you’re in the market for a home and haven’t locked in a mortgage rate yet, that home just got more expensive. The average rate on the popular 30-year mortgage hit 3.64% Monday morning, after rising sharply
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In this article JNJ Johnson & Johnson announced in November that it plans to spin off its consumer business into a new publicly traded company by November 2023. The news didn’t surprise Wall Street. “The analyst community has been talking about splitting up J&J for years,” said Jared Holz, health-care equity strategist at Oppenheimer. “The
In this article 2330-TW A man walks past TSMC’s logo at the company’s headquarters in Hsinchu, Taiwan. Sam Yeh | AFP | Getty Images Top chipmaker TSMC notched a new quarterly sales record at the end of 2021 boosted by continued demand from top clients including Apple and Qualcomm for semiconductors. The Taiwanese foundry, which
Take a look at some of the biggest movers in the premarket: Zynga (ZYNG) – The online game maker’s shares soared 48.2% in the premarket after it agreed to be acquired by video game maker Take-Two Interactive (TTWO) for $9.86 per share in cash and stock, implying a total deal value of $12.7 billion. Take-Two
Getty Images Many Americans are in the dark about one important aspect of their credit cards. Of those who carry a balance, 40% don’t know the interest rate they’re being charged on their primary card, a new survey from Bankrate found. That could wind up costing them a lot of money. “As much as we
For many homeowners, the pandemic offered an unprecedented opportunity to build wealth. Those opportunities still exist, even though they are getting harder to come by. Thanks to skyrocketing housing prices, the amount of home equity is at an all-time high. As of the third quarter of last year, homeowners held $9.4 trillion in equity to