Traders at the New York Stock Exchange. Source: NYSE The market is churning at record levels as Covid fears ramp up and political uncertainty swirls, but there are still buying opportunities for investors. On Tuesday, Stephanie Link of Hightower Advisors, Josh Brown of Ritholtz Wealth Management, investor Pete Najarian and I joined Scott Wapner on
Sam Edwards | Getty Images One type of annuity may be poised to get a bit of a makeover. Under bipartisan retirement legislation pending in both the House and Senate, the rules applying to qualified longevity annuity contracts, or QLACs, would be changed. Although the two chambers’ provisions differ somewhat, both would remove the 25%
Scarlett Johansson stars as Natasha Romanoff, AKA Black Widow, in Marvel’s “Black Widow.” Disney | Marvel The president of the Screen Actor’s Guild on Friday slammed Disney for “bullying” Marvel actress Scarlett Johansson in a public statement it made about the “Black Widow” star’s lawsuit against the company last week. Gabrielle Carteris said Disney “should
In this article DRLCO-DK A crane loads a shipping container branded A.P. Moller-Maersk onto a freight ship. Balint Porneczi | Bloomberg | Getty Images Maersk, the world’s largest container shipping firm, has posted a sharp increase in second-quarter earnings as congestions and bottlenecks continue to drive up shipping rates. The company on Friday reported earnings
U.S. stock index futures were little changed during overnight trading on Thursday, ahead of Friday’s highly anticipated jobs report. Futures contracts tied to the Dow Jones Industrial Average dipped 17 points. S&P 500 futures and Nasdaq 100 futures were flat. Stocks finished Thursday’s session in the green, with the S&P 500 rising 0.6% to close
Vlad Tenev and Baiju Bhatt attend Robinhood Markets IPO Listing Day on July 29, 2021 in New York City. Cindy Ord | Getty Images Shares of Robinhood are popping again on Friday as the volatile stock heads to end its first full week of trading up nearly 70%. Robinhood shares rose 13% to $57.85 on
The Biden administration announced Friday it will extend the payment pause for federal student loan borrowers through January 2022. Since March 2020, borrowers have been given the option to press the pause button on their monthly bills, without interest accruing on their debt. Some 90% of borrowers have been doing so. The pause was scheduled
One of the proposals in Congress’ eclectic grab-bag of payfors in the bipartisan infrastructure package is an effort to curb tax evasion in cryptocurrency by imposing a series of reporting requirements on the industry. While it makes sense to ensure cryptocurrency transactions are treated similarly to other financial assets, the nature of these requirements as
More than 11 million Americans continue to report being behind on their rent. How much renters owe varies greatly from one state and county to the next, according to data provided to CNBC by Surgo Ventures, a nonprofit organization focusing on health and data. Across the country, the average renter in arrears owes $3,700. The
Brookdale Senior Living, a large operator of assisted living and skilled nursing facilities in the U.S., will require its staff to get vaccinated against Covid, CEO Cindy Baier told CNBC on Friday. The move comes as the highly transmissible delta variant leads to an increase in coronavirus cases in the country, including in nursing homes.
A mobile phone shows Huawei app interface. Huawei unveiled HarmonyOS, its own operating system in 2019. In June 2021, the company launched the operating system on a smartphone for the first time. Costfoto | Barcroft Media | Getty Images The chairman of Huawei said the Chinese technology company’s “aim is to survive” as revenue fell
In this article NVAX DKNG HOOD DBX SPCE YELP Billionaire entrepreneur Richard Branson prepares to spray champagne after flying with a crew in Virgin Galactic’s passenger rocket plane VSS Unity to the edge of space at Spaceport America near Truth or Consequences, New Mexico, U.S., July 11, 2021. Joe Skipper | Reuters Check out the
SpaceX stacks Starship prototype 20 on top of Super Heavy rocket Booster 4 on August 6, 2011. @elonmusk on Twitter Elon Musk’s SpaceX stacked a Starship prototype rocket on top of a Super Heavy rocket booster for the first time on Friday morning, giving a look at the scale of the combined nearly 400-foot-tall vehicle.
Tara Moore | Getty Images When the onset of the Covid-19 pandemic sent shock waves through the U.S. economy, its also prompted worries about how the ensuing downturn could affect Social Security. The program’s trust funds were already running low. At the same time, the Social Security Administration was faced with the unprecedented task of
Construction workers pouring wet concrete on a road. With 20% of the planned infrastructure bill, or $110 billion, dedicated for the construction of roads and bridges, small constructions firms are hoping for a long-term boom in business. Jung Getty As small businesses recover from labor constraints and business losses due to Covid-19, a bipartisan infrastructure
With several states contemplating legalization of recreational marijuana, and federal lawmakers starting the process of federal descheduling, it is a good time to examine the tax implications of legalization. Taxes play a crucial role in the success of marijuana reform, as competitive prices in a licensed market are key to convert illicit consumption to the
In this article GOOGL Google is asking the city for feedback on its early plans to transform a Silicon Valley office site with “sustainability” features. City of San Jose filings Google is planning yet another Silicon Valley campus, which will sit adjacent to a new center partly devoted to hardware, according to preliminary plans obtained
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In this article ZG DIDI DKNG WEED-CA NVAX GCI Check out the companies making headlines before the bell: Canopy Growth (CGC) – The Canadian cannabis producer’s shares rose 1.9% premarket after it posted an unexpected quarterly profit on rising marijuana demand and cost cuts. The gain comes even as revenue falls short of Wall Street