Rising risks of security breaches would boost spending on cybersecurity. zacks.com zacks.com/ultimate
Pilots talk as they look at the tail of an American Airlines aircraft. Mike Stone | Reuters The labor union that represents American Airlines‘ pilots said Tuesday that it is making plans to picket at the carrier’s major hubs this fall to protest overscheduling, fatigue and a lack of hotels for crews over the summer.
September may historically be a rough month for stocks, but it didn’t stop National Securities’ Art Hogan from hiking his S&P 500 year-end target by 7%. He made the bullish move based on a strong second quarter earnings season and the notion Covid-19 delta variant cases are likely peaking. “September gives us a chance to
WOODSIDE, CALIF. — On the same day that former Theranos CEO Elizabeth Holmes was granted a delay in her criminal fraud trial due to a pregnancy, her partner was issued a traffic citation. William “Billy” Evans received a citation on March 17 for “failure to display license place,” according to San Mateo County court records.
Sinenkiy | iStock | Getty Images The Social Security cost-of-living adjustment for 2022 could be the highest it has been in decades. The latest estimates from The Senior Citizens League, a nonpartisan senior group, point to a possible 6.2% increase for next year based on the latest Consumer Price Index data. In comparison, this year’s
U.S. Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles P. Rettig at a June 8, 2021 Senate Finance Committee hearing. Tom Williams | Pool | Reuters Congressional Democrats are floating a slew of taxes to help cover their $3.5 trillion budget plan, including new levies on the wealthy. Senate Finance Committee Chairman
Zach Gibson | Getty Images News | Getty Images The Covid pandemic caused a backlog of nearly 8 million paper-filed business tax returns at the IRS in 2020, according to a report issued Tuesday by a U.S. Department of the Treasury watchdog. That represents a 3,230% increase relative to the end of 2019, when the
Executive Director of the World Health Organization’s (WHO) emergencies program Mike Ryan speaks at a news conference on the novel coronavirus (2019-nCoV) in Geneva, Switzerland. Denis Balibouse | Reuters Covid-19 is likely “here to stay with us” as the virus continues to mutate in unvaccinated countries across the world and previous hopes of eradicating the
In this article PPG MRK SPOT MTCH Mario Tama | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Spotify — The streaming company saw shares rise 2.8% after KeyBanc upgraded Spotify to overweight from sector weight. The firm said in a note to clients that the company was
ANGELA WEISS The head of the U.K.’s financial watchdog singled out an Instagram ad posted by Kim Kardashian, that promoted Ethereum Max, in a speech warning of the risks of “speculative” cryptocurrency tokens. Charles Randell, chair of the U.K.’s Financial Conduct Authority, said in a speech on Monday that Kardashian had asked her more than
The CEO of the investment firm running the world’s biggest bitcoin fund sounded off on comments made by Securities and Exchange Commission chair Gary Gensler about the likely approval path for the first U.S. bitcoin ETF. Michael Sonnenshein, CEO of Grayscale Investments, warned on Tuesday that the SEC would be making a mistake if it
Westend61 | Westend61 | Getty Images Recent upticks in inflation have renewed interest from investors in assets that may help preserve the real (inflation-adjusted) value and purchasing power of their portfolio. The good news is that the typical investor’s portfolio will likely contain all the inflation-fighting tools that they need — such as stocks and
Tim Robbins | Getty Images The U.S. is one of the few industrialized countries without a national paid family leave policy. Democratic lawmakers are expected to get a long-awaited chance to address that when budget reconciliation legislation comes up on Capitol Hill this month. Now, a new survey from the Bipartisan Policy Center and Morning
Phil Roeder Congressional Democrats are considering reforms to the 20% pass-through tax deduction as part of a $3.5 trillion federal spending package. Democrats’ proposal would phase out the tax break for business owners with taxable income exceeding $400,000, according to a discussion list obtained by CNBC. It would also make the tax cut available to
Sen. Ron Wyden (D-OR) has introduced a series of proposals that may be considered in the budget reconciliation process, including two bills that would change the tax treatment of financial services: derivatives and carried interest. Notably, both proposals would enact “mark-to-market” taxation for derivatives and carried interest, which could be a precursor to broader taxation
Westend61 Forty-eight percent of renters worry they won’t be able to buy a home during their lifetimes, according to a new Lending Tree survey. That concern is largest among renters in Generation X (41 to 55 years old) and millennials (25 to 40 years old). To that point, 55% of Gen X renters and 52%
Malaysia will start treating Covid-19 as an endemic disease around the end of October, the country’s International Trade and Industry Minister Mohamed Azmin Ali said Tuesday. Covid would be endemic when the SARS-CoV-2 virus that causes the disease becomes a permanent presence in the community and continues to circulate among people. Other endemic diseases include
Longtime market bull Tom Lee is predicting a profitable period for investors in September. According to Lee, the S&P 500 is positioned to surge more than 100 points this month. However, he warns the positive momentum has an expiration date. “We could have a really strong rally in September,” the Fundstrat Global Advisors’ co-founder and
Tim Robberts | Stone | Getty Images While Americans know they need to save for retirement, many are still coming up short. More than half of U.S. workers between the ages of 40 and 73 have less than $50,000 set aside for their golden years, a survey from the Insured Retirement Institute found. Nearly 6
The world “desperately” needs rich countries to deliver on their pledges to donate Covid-19 vaccines to poorer nations, former New Zealand Prime Minister Helen Clark said Monday. Her comment came after health ministers from the Group of 20 leading economies reportedly agreed — on the first of their two-day meeting in Rome — to ensure