Although many Americans continue to face financial uncertainty due to the pandemic, the outlook for retirement savers is only improving. Retirement account balances, which took a sharp nosedive in 2020 when the coronavirus outbreak caused economic shock waves, are now at new highs, according to the latest data from Fidelity Investments, the nation’s largest provider
Flood waters stream down the road in Muhlenberg Township, Pennsylvania, after a major storm last August. Ben Hasty | MediaNews Group | Getty Images Climate change and its devastating impact are accelerating faster than ever, according to a new report from the United Nations’ Intergovernmental Panel on Climate Change. Hurricanes are becoming stronger, rainfall heavier
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Rescuers evacuate stranded people in the waterlogged urban area of Weihui City in Xinxiang, central China’s Henan Province, July 27, 2021. Li An | Xinhua News Agency | Getty Images Severe rainstorms and flooding in China are hurting the profits of insurance companies, and highlight the shortfalls of the country’s natural disaster insurance system. Flooding
In this article NVDA Nvidia CEO Jensen Huang wearing his usual leather jacket. Getty Nvidia reported earnings on Wednesday for its second fiscal quarter that ended on August 1, beating Wall Street estimates because of strong graphics cards sales. However, Nvidia’s cryptocurrency chip products, CMP, had lower sales at $266 million than the $400 million
Beijing office towers, including Alibaba’s, are illuminated with Chinese characters reading ‘blessing to China’ to celebrate National Day in October 2020. Zang Zhihao | Visual China Group | Getty Images BEIJING — American investors’ shock at an ongoing regulatory crackdown in China points to a fundamental difference between the two countries that many didn’t seem
Brothers91 | E+ | Getty Images About 36 million American families have received a second batch of monthly child tax credit payments worth about $15 billion. Yet a survey from personal finance website MagnifyMoney finds that many Americans are still confused about how the payments work. Those who were most likely to lack clarity were
It doesn’t get much better than the earnings charts for these five technology companies.
John Ewing | Portland Press Herald | Getty Images More than 100 million U.S. households, or 61% of all taxpayers, paid no federal income taxes last year, according to a new report. The pandemic and federal stimulus led to a huge spike in the number of Americans that either owed no federal income tax or
@Sabi32 | Twenty20 One in 3 American families couldn’t handle a mid-sized financial emergency before the pandemic, according to a report from the Stanford Center on Longevity and the Global Financial Literacy Excellence Center. Roughly 27% of American families couldn’t cover an unexpected $2,000 expense within a month, and 33% were struggling to make ends
12 of Beloved Community Village residents, formerly homeless people, are now live in the tiny-house community in Denver, Colorado. Hyoung Chang | MediaNews Group | The Denver Post via Getty Images Demand for tiny homes, either stand-alone or backyard dwellings, rose significantly during the coronavirus pandemic, as some homeowners looked for additional space and others
The Reddit blog that Jim Cramer said had more market influence than anyone Wall Street outfit
Recent Biden administration proposals rely heavily on revenue from better Internal Revenue Service (IRS) tax collections to fund spending initiatives. The American Families Plan uses several avenues to reduce the tax gap (or the difference between taxes paid and taxes owed), from increasing the IRS’s tax enforcement budget to improving information technology and expanding reporting
Denise King, a staff member at Crown Heights Center for Nursing and Rehabilitation, a nursing home facility, receives the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine from Walgreens Pharmacist Annette Marshall, in Brooklyn, New York, December 22, 2020. Yuki Iwamura | Reuters U.S. officials plan to withhold federal funding from nursing homes that don’t fully vaccinate their
Commemorative dogecoins on display in Yichang, China on May 14, 2021. Barcroft Media | Barcroft Media | Getty Images Robinhood said its crypto revenue accounted for more than half of all transaction-based revenue in the second quarter, as retail investors turned to the app for purchases of bitcoin, ethereum and other digital currencies. In its
Vlad Tenev, co-founder and CEO of Robinhood rings the opening bell at the Nasdaq on July 29th, 2021. Source: The Nasdaq Robinhood’s revenue more than doubled in the second quarter to $565 million, bolstered by a massive surge in crypto trading, the stock trading app said Wednesday. In its first earnings report as a public
People line up outside a newly reopened career center for in-person appointments in Louisville, Kentucky, on April 15, 2021. Amira Karaoud | Reuters In just a few weeks, enhanced federal unemployment insurance put in place during the coronavirus pandemic will end as the delta variant continues to threaten the economic recovery. Some 7.5 million Americans
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Billionaire venture capitalist Chris Sacca has a message for anyone who will listen: “The climate is f—ed. Even worse than it seems,” he said in a 12-page letter to potential investors, obtained by Axios on Monday. Sacca’s climate-focused firm Lowercarbon Capital announced a new capital raise of $800 million on Thursday, which Sacca said will
JEFF KOWALSKY | AFP | Getty Images Federal unemployment benefits officially expire on Labor Day — but state administrative rules require that aid to end a few days earlier than some workers may anticipate. All states pay weekly benefits according to a schedule that ends on a Saturday or Sunday. However, the American Rescue Plan