In this article GM General Motors employees work on the assembly line at the Fairfax Assembly & Stamping Plant in Kansas City, Kansas. Jim Barcus for General Motors General Motors CFO Paul Jacobson is “increasingly confident” the automaker will hit its earnings targets for the year despite a global shortage of semiconductor chips that’s forced
In this article VIACP DISCA Family offices have grown in the U.S., but that segment remains lightly regulated — and that could be a problem for the financial industry, warned a former counsel at the Securities and Exchanges Commission. The risks posed by large family offices came under the spotlight after the multibillion-dollar Archegos Capital
Even the most meticulously organized vacation can be derailed by a positive Covid test. Travelers may face unexpected quarantines — either in hotels or state-owned facilities — or substandard medical services. Others may be denied the ability to take commercial flights or, if negative tests are required to return, to get home at all. Travel
In this article TSLA Three ICEYE satellites, the trio of silver cube-like spacecraft visible near the top of the stack, on SpaceX’s Transporter-1 mission in January 2021. ICEYE Finnish satellite imagery firm ICEYE continues to expand its business in the U.S., announcing Wednesday that it signed $50 million in contracts last year for its services
Getty Images As vaccines ramp up and the economy reopens, many individuals and families may be eager to see this side effect of the Covid-19 pandemic continue: government stimulus checks. A recent poll from Data for Progress found 65% of Americans are in favor of payments of $2,000 per month for the duration of the
Scott Heins | Getty Images News | Getty Images Most renters struggling during the coronavirus pandemic won’t have to worry about being pushed out of their homes for at least another three months. The Centers for Disease Control and Prevention has extended the national eviction ban that’s been in place since September through the end
In this article 6758.T-JP Paul Simon performs onstage during The Nearness Of You Benefit Concert at Frederick P. Rose Hall, Jazz at Lincoln Center on January 20, 2015 in New York City. Ilya S. Savenok | Getty Images Entertainment | Getty Images Sony Music Publishing announced Wednesday that it acquired Paul Simon’s entire song catalog,
In this article .IXIC HYD XLF XLI XLB XLE XLK KRE US10Y Wilmington Trust’s Meghan Shue expects growth stocks, including Big Tech, to hit more turbulence over the next three months. “Our main takeaway was to lean a little bit more into value and trim some of our growth exposure,” Shue, the firm’s head of
The 3 acre Northern California estate where “White Christmas” crooner Bing Crosby and his family once lived has just hit the market for $13.75 million. Exterior of 101 Robin Road, Hillsborough, CA Dennis Mayer | OMARSHALL Real Estate Built in 1930, the English Tudor-style residence is just under 10,000 square feet with 10 bedrooms and
In this article DISCA David Zaslav Anjali Sundaram | CNBC Discovery’s lightly traded class B shares surged 80% on Wednesday, showing a spike in volume and divergence from the company’s class A shares that is highly unusual. The class B stock, which often sees volume of less than 10,000 shares in a day, had already
Samuel Corum/Bloomberg via Getty Images The IRS will start issuing tax refunds in May to Americans who filed their returns without claiming a new break on unemployment benefits, the federal agency said Wednesday. The American Rescue Plan waived federal tax on up to $10,200 of unemployment benefits, per person, received in 2020. Households with $150,000
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Manhattan District Attorney Cyrus R. Vance Jr. Jeenah Moon | Getty Images Prosecutors in Manhattan have subpoenaed Trump Organization CFO Allen Weisselberg’s personal bank records, The New York Times reported Wednesday. The prosecutors, who are conducting a sweeping probe surrounding Donald Trump and his company, are also questioning gifts that Weisselberg and his family received
Kiyoshi Hijiki | Moment | Getty Images Nearly 3 million more business owners claimed a 20% tax deduction on their income last year relative to the prior filing season, according to IRS data. Around 21.2 million returns claimed the “qualified business income” deduction during tax season last year, which reflected income for 2019. That’s an
In this article PG GIS SJM KMB Huggies on display at an Albertson’s grocery store in Dallas, Texas. Jason Janik | Bloomberg | Getty Images Kimberly-Clark said Wednesday that it would hike prices on staples like Scott toilet paper and Huggies diapers, joining the growing list of consumer products companies that are raising prices. Higher
Avishek Das | LightRocket | Getty Images Robinhood is redesigning some of its app features — most notably ditching its confetti animation —amid scrutiny over the popular stock trading company’s so-called gamification of investing. The free-stock trading pioneer, which is gearing up for its public debut, told CNBC the move is an effort to remove
In this article HE AAL UAL UNH DAL United Airlines’ Mileage Plus program earned top scores from WalletHub in categories such as ease of advance booking of reward travel and fewer mandatory layovers. United Airlines Air travel is set to boom this year as Americans tired of being cooped up in Covid lockdown look to
Traders work on the floor of the New York Stock Exchange (NYSE) on March 16, 2020 in New York City. Spencer Platt | Getty Images Wall Street investors largely view higher interest rates as the biggest threat to derail the rally in stocks, according to a new CNBC survey. As a part of CNBC’s Quarterly
Zoom In IconArrows pointing outwards This year’s tax season has turned out to be a complicated one — the American Rescue Plan made changes midseason, and the IRS pushed back the filing deadline for individual returns to May 17 from April 15. Even though most Americans have extra time to file, 32% of taxpayers are
A sale pending sign is posted in front of a home for sale on July 17, 2014 in San Francisco, California. Justin Sullivan | Getty Images The U.S. housing market is suffering from its lowest supply in history, and that is taking an increasingly hard toll on sales. Pending home sales, a measure of signed