Tim Cook’s company may have made your phone or laptop — but the Apple CEO says he’s worried about the amount of time you’re probably spending on it. “If you’re scrolling mindlessly or letting yourself being spun up on negativity, I think this is bad,” Cook, 61, told CNBC’s Andrew Ross Sorkin at the New
Rafael Henrique | LightRocket | Getty Images A McKinsey partner was arrested Wednesday after being criminally charged with insider trading ahead of Goldman Sachs‘ recent $2.2 billion acquisition of fintech lender GreenSky. Puneet Dikshit, a 40-year-old McKinsey partner, exploited information he gained about his client Goldman Sachs’ pending takeover to buy profitable call options in
Phynart Studio | E+ | Getty Images For military veterans, turning 65 can come with a health-care decision: Whether to sign up for Medicare. Those who use Tricare and plan to enroll in Tricare for Life — an insurance program administered by the Defense Department — generally have no choice: The latter is only available
PeopleImages | Getty Images In a sizzling housing market, some military families using VA loans are struggling to buy homes, real estate experts say. VA loans, mortgages partly guaranteed by the U.S. Department of Veterans Affairs, financed 14% of home purchases from July 2019 to June 2020, according to the National Association of Realtors. The
CNBC’s Jim Cramer said Wednesday he believes there are four standout stocks that investors should buy if they want to bet on the success of the so-called metaverse. “Going forward, there will be many companies who try to claim they got a piece of the metaverse,” the “Mad Money” host said. However, for now, he
A major Wall Street firm is piling into stocks near record highs. Wilmington Trust’s Meghan Shue reveals her firm has one of its largest stock market overweights ever. Shue, who oversees $152 billion in assets, attributes a strong economic backdrop and seasonal tailwinds for the bullish move. “The near-term disruptions and the near-term concerns over
Elizabeth Holmes, founder and CEO of Theranos Mike Blake | Reuters SAN JOSE, CALIF. — In a surprise announcement, the government said Wednesday that it would likely rest its case next week against former Theranos CEO Elizabeth Holmes in her criminal fraud trial. “It is likely that the government will rest next week,” Jeffrey Schenk,
The SpaceX Crew-3 astronauts stand on the transporter in front of the Crew Dragon and Falcon 9 stack inside the SpaceX horizontal processing facility at Kennedy Space Center in Florida on Oct. 26, 2021. SpaceX Elon Musk’s space company is set to launch the Crew-3 mission for NASA on Wednesday evening, in the fifth SpaceX crewed
Westend61 | Westend61 | Getty Images Interest in socially responsible investing skyrocketed during the Covid-19 pandemic. To that point, environmental, social and corporate governance funds captured $51.1 billion of net new money from investors in 2020 — a record and more than double the net inflows in 2019, according to Morningstar research. So, who is
For Washington Wizards professional basketball player Spencer Dinwiddie, investing in cryptocurrency is a layup. “I look at it as the birth of a new asset class,” Dinwiddie told CNBC’s Kelly Evans during Wednesday’s Your Money event. “How many times in history does that happen?” He went on to say that cryptocurrencies are a place where
See 2021 Tax Brackets On a yearly basis the Internal Revenue Service (IRS) adjusts more than 60 tax provisions for inflation to prevent what is called “bracket creep.” Bracket creep occurs when people are pushed into higher income tax brackets or have reduced value from credits and deductions due to inflation, instead of any increase in
A property for sale in Monterey Park, California Frederic J. Brown | AFP | Getty Images Mortgage rates fell for the second straight week last week, and that helped boost refinance demand for the first time in a while. As a result, total mortgage application volume rose 5.5% last week compared with the previous week,
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Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Wednesday reported a wider-than-expected loss for its third quarter as U.S. sales shrank. The company’s fourth-quarter outlook also fell short of Wall Street’s
In this article DIS A stunning firework show is held at the Magic Kingdom Park in Walt Disney World Resort on July 1, 2021 in Lake Buena Vista, Florida. . Liao Pan | China News Service | Getty Images Disney is set to report fiscal fourth-quarter earnings after the bell Wednesday. Here are the key
In this article TSLA WEN FUBO POSH A woman walks past a Westpac bank advertisement in central Sydney, Australia. Daniel Munoz | Reuters Check out the companies making headlines in midday trading. Poshmark — The online marketplace’s shares tumbled nearly 30% Wednesday after reporting quarterly results late Tuesday. Poshmark reported a loss of 9 cents
In investing, as in most walks of life, it pays to remember that childhood rhetorical question you’d get after you went along with something stupid your friends were doing. “If your friends were jumping off a bridge, would you do it, too?” More from Grow:The top 10 U.S. dream jobs, according to Twitter‘If you don’t
[The webcast is scheduled to begin at 4:45 p.m. ET. Please refresh the page if you do not see the player above.] Elon Musk’s SpaceX is planning to launch four astronauts to the International Space Station from Florida on Wednesday, as the company keeps up a steady pace of crewed missions. Known as Crew-3, the
Investors worried about inflation should consider tilting their portfolios toward areas of the market that tend to do well when prices pick up, according to Gargi Pal Chaudhuri, head of iShares investment strategy, Americas at BlackRock. “So looking at commodity producers, looking at financials — more recently, looking at infrastructure — that has been an