When Jeff Bezos thanked Amazon customers for essentially paying for his first trip to space, he apparently wasn’t talking to Oliver Daemen, the Dutch teen who joined the billionaire on Blue Origin’s inaugural passenger spaceflight. That’s because the 18-year-old Daemen says he’s never actually ordered anything on Amazon before. Daemen, who became the youngest person
A worker hoists a flight chain at the Calder Brothers’ facility in Taylors, South Carolina, U.S., July 19, 2021. Brandon Granger | Calder Brothers Corporation | Reuters The U.S. economy is now larger than it was before the pandemic, but its growth rate may have peaked this year at a much slower pace than expected.
MoMo Productions | DigitalVision | Getty Images For some retirees, getting a large pension payment can become a big problem. Let’s say a pension plan mistakenly has been paying a participant too much and requires the person to pay back the money, typically through reduced future payments. That can cause many a retiree a lot
VALERIE MACON | AFP | Getty Images The Covid-19 pandemic prompted the Social Security Administration to suspend in-person services in March 2020. Now, a new report from the Social Security Office of the Inspector General finds that the agency is still behind with regard to processing some mailed applications and requests for Social Security cards.
This map shows state gas tax rates as of July 2021, using recently released data from the American Petroleum Institute. States levy gas taxes in a variety of ways, including per-gallon excise taxes collected at the pump, excise taxes imposed on wholesalers (which are passed along to consumers in the form of higher prices), and sales taxes that apply
Focqus, LLC | iStock | Getty Images President Joe Biden is calling on Congress to extend the national eviction ban set to expire in two days. “This moratorium prevented hundreds of thousands of Americans from experiencing the heartbreak, homelessness and health risks that too often emanate from evictions — particularly during a pandemic,” White House
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In this article AZN-GB Ontario Premier Doug Ford receives the Astrazeneca-Oxford coronavirus disease (COVID-19) vaccine from pharmacist Anmol Soor at Shoppers Drug Mart in Toronto, Ontario, Canada April 9, 2021. Nathan Denette | Pool | via Reuters AstraZeneca is not yet sure whether a third dose of its Covid-19 vaccine will be necessary for continued
In this article F Ford Motor Co. CEO Jim Farley walks to speak at a news conference at the Rouge Complex in Dearborn, Michigan, September 17, 2020. Rebecca Cook | Reuters DETROIT – Ford Motor is expected Wednesday to report a slight loss for the second quarter as the semiconductor chip shortage causes significant production
In this article OCBC-SG UOBH-SG DBSM-SG Automated teller machines of the three Singapore-listed banks: OCBC, DBS and UOB. Munshi Ahmed | Bloomberg | Getty Images SINGAPORE — Shares of Singapore’s top three banks rose Thursday after the country’s financial regulator lifted a cap on dividend payouts that was implemented following the Covid-19 pandemic. Singapore’s largest
The Federal Reserve on Wednesday held its benchmark interest rate near zero and said the economy continues to progress despite concerns over the pandemic spread. As expected, the Federal Open Market Committee concluded its two-day meeting by keeping interest rates in a target range near zero. Along with that, the committee reiterated its view that
U.S. Speaker of the House Rep. Nancy Pelosi arrives at a weekly news conference at the U.S. Capitol July 28, 2021 in Washington, D.C. Alex Wong | Getty Images News | Getty Images House Speaker Nancy Pelosi suggested on Wednesday that people who believe President Joe Biden can forgive student debt on his own are
The families of roughly 60 million children received their first installment of the enhanced Child Tax Credit payments on July 15. We’re here to bust some of the common misconceptions surrounding the payments. 1. You can keep these payments. Many families have expressed concern over keeping the money fearing they’ll have to pay it back
Major credit ratings agencies this week downgraded China’s most indebted property developer Evergrande, as concerns over Asia’s junk bond sector rise. Fitch Ratings on Wednesday downgraded China Evergrande one notch from B to CCC, saying that the negative developments surrounding Evergrande may weaken investor confidence, further pressuring its liquidity. A rating of CCC means there’s
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Gymnastics superstar and defending Olympic champion Simone Biles decided to withdraw from Thursday’s individual all-around competition at the Tokyo Games to focus on her mental health. Biles shared that she was experiencing a mental issue known as the “twisties.” “They saw it a little bit in practice … having a little bit of the twisties,”
In this article FB CEO of Facebook Mark Zuckerberg walks to lunch following a session at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Facebook is set to report its second-quarter earnings after market close on Wednesday. Here’s what Wall Street is expecting:
Photo Illustration by Pavlo Gonchar SOPA Images | LightRocket | Getty Images Robinhood, whose stock trading app has surged in popularity among retail investors, sold shares in its IPO at $38 a piece, according to a person familiar with the matter. That values the company at about $32 billion. Ahead of its Nasdaq debut on
In this article AMZN Sen. Elizabeth Warren on Wednesday reignited her push for a tax on the wealth of the richest Americans and called out billionaire Amazon founder and nascent space-tourism magnate Jeff Bezos for what she views as his failure to pay his fair share. “I want to see us tax wealth, however your
Yuriko Nakao | Getty Images The U.S. Marshals Service, one of the primary law enforcement agencies of the Department of Justice, has hired custodian Anchorage Digital for cryptocurrency seized or forfeited in various criminal cases. The Marshals Service has spent more than a year seeking a custodian and financial services provider for its stockpile of