In this article WBA Elizabeth Holmes, the founder and former CEO of blood testing and life sciences company Theranos, arrives for the first day of her fraud trial, outside Federal Court in San Jose, California. September 8, 2021. Nick Otto | AFP | Getty Images SAN JOSE, CALIF. — A defense attorney for embattled Theranos
[The livestream is set to begin at 8:30 a.m. ET. Please refresh the page if you do not see the web player above.] Jeff Bezos’ Blue Origin is set to launch its New Shepard rocket for the fifth time this year on Wednesday, and Canadian actor William Shatner will join the second crewed spaceflight for
Greg Abbott, governor of Texas, speaks during a news conference in Mission, Texas, on Wednesday, Oct. 6, 2021. Sergio Flores | Bloomberg | Getty Images U.S. Education Secretary Miguel Cardona said that he disagrees with Texas Gov. Greg Abbott’s move to ban nearly any coronavirus vaccine mandates in the state. That’s because the move will
Under the House Ways and Means plan to raise taxes on corporations and individuals, the integrated tax rate on corporate income would increase from 47.4 percent to 56.6 percent—the third highest in the OECD. To reduce this burden, policymakers could explore integrating the individual and corporate tax systems. Several developed countries have done this to
frantic00 | iStock | Getty Images DUBAI, United Arab Emirates — Dubai’s economy contracted by 10.9% year-on-year in 2020, data from the Dubai Statistics Center revealed, reflecting a city hit hard by the coronavirus pandemic and the halting of global travel. The commercial capital of the United Arab Emirates, Dubai is home to 3.4 million
Migrants expelled from the U.S. and sent back to Mexico under Title 42, walk towards Mexico at the Paso del Norte International border bridge, in this picture taken from Ciudad Juarez, Mexico October 1, 2021. Jose Luis Gonzalez | Reuters The Biden administration on Wednesday defended its use of a Trump-era health law to deport
In this article DAL Delta Air Lines Airbus A330neo or A330-900 aircraft with neo engine option of the European plane manufacturer, as seen departing from Amsterdam Schiphol AMS EHAM International airport. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines on Wednesday reported a quarterly profit and higher-than-expected revenue for the third quarter, but
Federal Reserve officials could begin reducing the extraordinary help they’ve been providing to the economy by as soon as mid-November, according to minutes from the central bank’s September meeting released Wednesday. The meeting summary indicated members feel the Fed has come close to reaching its economic goals and soon could begin normalizing policy by reducing
It’s a big week for Jeff Bezos’ inner “Trekkie.” On Wednesday, the Amazon and Blue Origin founder lived out something of a childhood fantasy by launching Captain James T. Kirk — that is, the “Star Trek” actor who portrayed Kirk, 90-year-old William Shatner — to the edge of space in a Blue Origin New Shepard
The shrinking U.S. workforce during the Covid pandemic is “going to cripple” the economic recovery, billionaire investor and businessman Barry Sternlicht warned Wednesday. The founder of Starwood Capital Group, which operates hotels as part of its broader portfolio, said the federal government should pay people go back to work, not to stay home. “The whole
Paul Taylor | Getty Images It’s maybe the most human question there is: What’s going to happen next? We all want to know where we’re going, what bad will befall us, what good turns our lives may take. When it comes to our money, these questions feel especially high-stakes. What if that investment decision backfires?
There’s a growing push for students to get personal financial education in high school. But, according to U.S. Secretary of Education Miguel Cardona, that might not be early enough. “When I talk to students now, they talk about the need for financial literacy learning in a practical sense — how to look at debt and
The Labor Department proposed rule changes on Wednesday that would make it easier for retirement plans to add investment options based on environmental and social considerations — and make it possible for such options to be the default setting upon enrollment. In a reversal of a Trump-era policy, the Biden administration’s proposal makes clear that
Key Findings A typical American household with four cell phones on a “family share” plan, paying $100 per month for taxable wireless service, would pay nearly $300 per year in taxes, fees, and government surcharges—up from $270 in 2020. This year, wireless subscribers will pay approximately $11.3 billion in taxes, fees, and government surcharges to
Global investor Barry Sternlicht told CNBC on Wednesday he continues to hold a cautious view on investing in China. “We’re not investors directly in China,” the chairman and CEO of Starwood Capital Group said in an interview on “Squawk Box.” “It’s not a China thing, so much as countries where we think the deck is stacked or we can’t
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An employee holds a vial containing Sputnik V vaccine against the coronavirus disease (COVID-19) made with ingredients and technology supplied by Russia at Brazilian pharmaceutical company Uniao Quimica in Guarulhos, Brazil May 20, 2021. Amanda Perobelli | Reuters Russia has vehemently denied new accusations claiming that Russian spies stole the “blueprint” for the Oxford-AstraZeneca vaccine and
St. Louis Federal Reserve President James Bullard advocated Tuesday for the central bank to be aggressive as it starts winding down its monthly bond-buying program in case inflation becomes a larger problem. In a CNBC interview, the Fed official said he thinks it’s a 50-50 chance that the current inflation pressures are transitory, so policymakers
A macro of a Rolex Explorer II GMT watch. xrrr | iStock Editorial | Getty Images A rush of companies are vying to become the eBay of high-end horology — including the storied online marketplace itself. Demand for high-end watches exploded during the Covid-19 pandemic. But the Big Four watch brands — Rolex, Patek Philippe,
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 25, 2019. Tiffany Hagler-Geard | Bloomberg | Getty Images JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Wednesday Here’s what Wall Street expects: Earnings: $3 per share,