The facade of Blue Origin’s new rocket engine factory in Huntsville, Alabama. CNBC | Michael Sheetz The U.S. Federal Court of Claims released the redacted version of the lawsuit filed in August by Jeff Bezos‘ Blue Origin against NASA and Elon Musk’s SpaceX over a lucrative lunar lander contract awarded earlier this year. “Historically a
@Sabi32 | Twenty20 On Sept. 15, millions of families received the third advance child tax credit payment automatically from the IRS. But others who got their July and August payments without a problem have yet to get their money. Sarene Leeds, 44, is one such parent. The freelance writer in White Plains, New York, was
In this article 3333-HK 127-HK A man drives a cart past apartment buildings at China Evergrande Group’s Life in Venice real estate and tourism development in Qidong, Jiangsu province, China, on Tuesday, Sept. 21, 2021. Qilai Shen | Bloomberg | Getty Images Hong Kong-listed shares of investment holding firm Chinese Estates surged on Thursday after
In this article SFIX The Stitch Fix logo on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloomberg | Getty Images Now that Stitch Fix has debuted a new way for shoppers to buy clothes, the
The Federal Reserve is pushing ahead with its study into whether to implement its own digital currency and will be releasing a paper on the issue shortly, Chairman Jerome Powell said Wednesday. No decision has been made on the matter yet, he added, and said the Fed does not feel pressured to do something quickly
Former Theranos founder and CEO Elizabeth Holmes goes through security after arriving for court at the Robert F. Peckham Federal Building September 17, 2021 in San Jose, California. Justin Sullivan | Getty Images Former Theranos CEO Elizabeth Holmes believed in herself so much that she wrote in a text message to Ramesh “Sunny” Balwani proclaiming
Federal Reserve Chairman Jerome Powell on Wednesday said the central bank’s current trading rules are insufficient and promised that it would “make changes” after filings showed that officials traded stocks and bonds that could be influenced by its policy actions. Specifically, Powell said that Fed officials should as a general rule be barred from owning
President Joe Biden addresses the 76th Session of the U.N. General Assembly on Sept. 21, 2021 in New York. Eduardo Munoz-Pool/Getty Images President Joe Biden and House Democrats have unveiled plans to raise taxes on households with more than $400,000 of annual income, and cut or maintain taxes for those below the line. But what’s
Even though the Federal Reserve didn’t raise its benchmark rate Wednesday, your borrowing costs may still start to head higher. Rising prices brought on by the economic recovery are paving the way for the central bank to unwind last year’s bond buying. While the central bank said that interest rates will stay near zero for now,
Sell-off is unfolding and even a “lovey-dovey” Fed won’t save it.
Learn more about the Bull and Bear of the day go to https://www.zacks.com/bull
In this article UG Andrew Matthews | PA Images | Getty Images DETROIT – General Motors plans to expand its OnStar emergency services from an in-vehicle feature and phone-based app to a home-based 911 system for Amazon Alexa. The Detroit automaker on Wednesday said it will launch a new OnStar Guardian for Amazon’s popular voice
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, on Monday, Sept. 20, 2021. Michael Nagle | Bloomberg | Getty Images (Click here to subscribe to the new Delivering Alpha newsletter.) Wall Street investors believe it’s time to take some risk off the table as concerns continue to pile up
In this article HOOD Zoom In IconArrows pointing outwards Robinhood is debuting a feature that gives traders more control over digital tokens in its latest expansion in the cryptocurrency space. The newly public brokerage is testing “crypto wallets” with select clients next month, the company announced in a blog post Wednesday. The so-called wallet will
Marko Geber | DigitalVision | Getty Images In a world that’s rapidly changing and becoming more uncertain than ever, the financial advisory industry has a great opportunity to become a beacon of trust for investors by helping them navigate through difficult life and financial decisions. The Covid-19 pandemic, combined with the social and economic shifts
D-Keine | Getty Images As Democrats seek ways to cover their $3.5 trillion spending package, lawmakers are floating a new limit on a popular write-off for technology startups and other industries. Created to spur investment in certain types of smaller companies, so-called qualified small business stock allows founders, early employees and investors to write-off up
The latest version of the Biden Build Back Better agenda, released last week by the House Ways and Means committee (see our estimates of the budgetary, economic, and distributional impacts), is dense, with too many provisions to flesh out completely. Here’s a rundown of the good, the bad, and the ugly of it. The Good
A sales center sign in front of a new residential community in Lithonia, Georgia, April 26, 2021. Elijah Nouvelage | Bloomberg | Getty Images After a Labor Day week lull, demand for mortgages rose sharply last week from homeowners and homebuyers. Total mortgage application volume was up nearly 5% for the week, according to the
Flying cars could be commercially available in 2024, but regulations for managing the new form of air traffic will be a concern, according to the chief executive officer of a tech company. Hugh Martin of Lacuna Technologies, which helps cities create transportation policies, said there’s a difference between when cars can fly and when they
In this article 6666-HK A significant buying opportunity may be unfolding on Wall Street. Canaccord Genuity’s Tony Dwyer believes a record rally will follow the recent market tumult. “We’re going to move from this summer of indigestion into the year-end opportunity,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Tuesday. “We’re just not