Traders on the floor of the New York Stock Exchange. Source: NYSE Stock futures climbed in overnight trading on Monday after concerns about the spread of Covid-19’s delta variant sent investors dumping equities, especially those directly affected by pandemic restrictions. Futures on the Dow Jones Industrial Average rebounded 80 points. S&P 500 futures gained 0.3%
Vlad Tenev and Baiju Bhatt, who co-founded Robinhood. Mark Neuling | CNBC Fintech is minting billionaires by the month. Already this year, Coinbase’s co-founders have joined the billionaire ranks, along with the founders of Affirm and Marqeta. For years, Silicon Valley has been taking on the banking incumbents with promises of a better customer experience,
Virojt Changyencham | Moment | Getty Images Stocks took a steep dive on Monday amid fears that the coronavirus pandemic will be hard to pull out of. The Dow Jones Industrial Average shed more than 700 points by mid-day. The S&P 500 is down 1.9%, and the Nasdaq Composite has lost 1.6%. Despite the uncertain
Sam Edwards | Getty Images When it comes to planning for retirement, it’s important to consider how taxes could gnaw away at your nest egg once you reach your golden years. Assuming you’ve left work earnings behind you, any amount owed to the IRS will come out of your retirement savings or income. So the
A contractor works on the roof of a house under construction in the Stillpointe subdivision in Sumter, South Carolina, on Tuesday, July 6, 2021. Micah Green | Bloomberg | Getty Images The price of lumber on the future’s market has given up all of its gains for this year, falling by more than 50% in
Water sustainability is a growing concern for many investors.
Passengers board an American Airlines flight at Ronald Reagan Washington National Airport in Arlington, Virginia on April 11, 2021. Andrew Caballero-Reynolds | AFP | Getty Images U.S. airline stocks tumbled in early trading Monday as an uptick in Covid-19 cases raised concerns about the economic recovery and hitting one of the sectors most closely tied
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman said Monday that the spread of the delta variant doesn’t pose a threat to the economic reopening, seeing interest rates rising on the back of the big comeback. “I hope what it does is that it motivates anyone
In this article SPCE AMZN An uncrewed New Shepard rocket launches on the company’s NS-14 test flight in January 2021. Blue Origin VAN HORN, Texas — Near a small town in the West Texas desert, a quartet led by the world’s richest person is preparing to launch on a historic flight to the edge of
Whether transitory or not, inflation has investors rattled. “Many clients have brought up inflation as a concern,” said Jimmy Lee, the CEO of Wealth Consulting Group in Las Vegas. “They’re hearing it all over the place.” Inflation last month accelerated at its fastest pace in 13 years. The consumer price index rose nearly 1% in June,
The “Charging Bull” statue at Bowling Green in New York’s Financial District. Drew Angerer | Getty Images The U.S. stock market is falling, again. On Monday, all three major U.S. indexes slid, led by travel stocks, on fears that a Covid-19 rebound would damage the economic recovery. The Dow fell more than 700 points in
The nation’s homebuilders continue to be thrilled with buyer demand, but higher construction costs are starting to eat away at their confidence. A monthly sentiment index from the National Association of Home Builders dropped 1 point to 80 in July. The index stood at 72 in July 2020. Anything above 50 is considered positive. The
Locals and tourists attend an event organized to mark the opening of Phuket to international tourists on Patong beach. Thomas De Cian | NurPhoto | Getty Images The darkest days for the tourism industry may soon be over, according to the chairman of a multinational hospitality firm. Tourist hotspots like Phuket are now open to
The investor who sold his bear fund as the 2008 financial crisis was unfolding is delivering a grim long-term prognosis to Wall Street. From the S&P 500 to Big Tech to bitcoin, David Tice warns it’s a “very dangerous period” for investors right now. “The market is very overpriced in terms of future earnings. We
Thin capitalization occurs when companies finance investments and operations through a level of debt far higher than their level of equity. High-tax countries create an incentive for companies to finance investments with debt because interest payments are tax-deductible, while the costs associated with equity financing are most often not. Some multinational corporations take advantage of
U.S. Vice President Kamala Harris delivers remarks at the start of a roundtable discussion on voting rights on July 14, 2021 in Washington. Chip Somodevilla | Getty Images News | Getty Images Vice President Kamala Harris is visiting Walter Reed National Military Medical Center on Sunday for a routine doctor’s appointment, a White House official
In this article UAL AAL U.S. stock index futures were little changed during overnight trading on Sunday, after the major averages posted their first negative week in four. Futures contracts tied to the Dow Jones Industrial Average slid 48 points. S&P 500 futures were down 0.12%, while Nasdaq 100 futures were marginally lower. The Dow
Image Source | Getty Images There’s some good news for those looking to get married on a budget: City and town halls are back in the nuptials business. Wedding bells will be ringing again, for example, at the New York City Marriage Bureau. Mayor Bill de Blasio announced Thursday that the city will again book
In this article CMG MCD TikTok, best known for quick videos of lip-syncing teens and cute pet tricks, is now the go-to spot to find Gen-Z workers. Chipotle, Target, WWE and Shopify are among the companies teaming up with TikTok Resumes, a pilot program that lets job candidates submit video resumes on the social platform.
A sign shows this department store cashier register accepts e-CNY, the digital currency issued by China’s central bank. Barcroft Media | Barcroft Media | Getty Images BEIJING — Foreign travelers to China will be able to use the government-developed digital yuan without a local bank account, the country’s central bank said in a paper published