The Federal Open Market Committee released minutes from its June 15-16 meeting, during which it held short-term interest rates near zero but also indicated that it might be adjusting policy otherwise in the months ahead. The Federal Reserve’s policymaking group kept its benchmark rate anchored in a range between 0% and 0.25%. That was according
Olena Ruban | Moment | Getty Images Cannabis industry investors have been treated to a series of legislative catalysts over the last three years that have moved equity valuations. Notable moments include Canada’s federal adult-use implementation, the election of President Joe Biden, and the Georgia Senate run-off in January. Additionally, the state-by-state legalization movement is
Miami Herald | Tribune News Service | Getty Images There are no signs that Congress plans to send a fourth stimulus check to Americans. Still, many individuals and families are clamoring for more money. A Change.org petition calling for $2,000 per month for every adult American, as well as $1,000 per child, that was started
In this article EDR (L-R) Conor McGregor of Ireland punches Dustin Poirier in a lightweight fight during the UFC 257 event inside Etihad Arena on UFC Fight Island on January 23, 2021 in Abu Dhabi, United Arab Emirates. Chris Unger | UFC | Getty Images Endeavor-owned Ultimate Fighting Championship agreed to a fight kit deal
In this article BTC.CM= Changpeng Zhao, CEO of Binance, speaks during a TV interview in Tokyo, Japan, on Thursday, Jan. 11, 2018. Akio Kon | Bloomberg | Getty Images The boss of Binance on Wednesday said the cryptocurrency exchange hasn’t gotten everything right and has plenty of room to grow, following a crackdown from regulators
In this article OMEG A set of SkySat satellites before a launch. Planet Satellite imagery and data specialist Planet Labs is preparing to go public, announcing on Wednesday that it will merge with a SPAC to list on the New York Stock Exchange. Planet Labs is combining with special purpose acquisition company dMY Technology Group
Tara Moore | Getty Images Most Americans are worried that Social Security will run out in their lifetimes, and those fears have only gotten worse amid the Covid-19 pandemic. That’s according to a survey from financial services company Nationwide, which found that 71% of adults felt that way. Fears about the benefits program were highest
A for sale sign sits outside a house in Miami Beach October 22, 2009. Carlos Barria | Reuters Mortgage demand fell for the second week in a row, as low inventory and high home prices continue to weigh on the housing market. Mortgage applications decreased 1.8% last week, according to the Mortgage Bankers Association’s seasonally
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In this article AXP DVN AMZN AAPL After stocks took a dive to open the trading week Tuesday, CNBC’s Jim Cramer explained three ways investors can find buying opportunities. “Remember the three types of stocks to buy on down days: The ones that rallied anyway, the ones where you’re finally getting a long-awaited pullback, and
The U.S. and China flags stand behind a microphone awaiting the arrival of then-U.S. Senator John McCain for a press conference at the U.S. Embassy in Beijing on April 9, 2009. Frederic J. Brown | AFP | Getty Images BEIJING — The U.S. and China can co-exist peacefully, and that the relationship should not be
In this article CFV A satellite image of the stuck container ship Ever Given in Egypt’s Suez Canal, taken on March 25, 2021. Satellogic Satellite Earth imagery specialist Satellogic is preparing to go public, announcing on Tuesday that it will be the latest in a string of space companies merging with SPACs. Satellogic is merging
Peter Cade | Getty Images While inheriting money is typically a good thing, newer individual retirement account rules may leave some heirs with a smaller windfall. Thanks to the Secure Act of 2019, certain heirs now have less time to take IRA withdrawals. The law stopped the so-called stretch IRA, which allowed non-spouse beneficiaries to
The digitalization of the economy has changed how and where we work. Huddles at the boss’s desk have been replaced by morning video conferences, long nights at the office by incongruous hours flexed around extracurriculars, and dreary days in a metropolitan apartment by weeks in exotic (or at least comfortable) retreats. A question for policymakers
A traveler wearing a face mask is seen at Ronald Reagan Washington National Airport in Arlington, Virginia, Feb. 2, 2021. Ting Shen | Xinhua News Agency | Getty Images A majority of the Federal Aviation Administration’s unruly passenger reports on airplanes stem from passengers who refuse to comply with mask mandates put in place to
In this article MMM FANG TME AAPL DIDI AMZN JD.com is one of the biggest e-commerce and logistics company in China. Zhang Peng | LightRocket | Getty Images Check out the companies making headlines in midday trading. Didi — Shares of the Chinese ride-hailing giant Didi Chuxing plunged more than 20% after China announced that
In this article WB DIDI TME The Didi ride-hailing app on a smartphone arranged in Beijing, China, on Monday, July 5, 2021. Yan Cong | Bloomberg | Getty Images The U.S.-traded shares of prominent Chinese companies were under pressure on Tuesday after the Asian country’s officials launched a cybersecurity review of Didi, fueling concerns about
Yamiesha Bell, 27, started a book club focused on personal financial literacy and mindfulness one year ago. Yamiesha Bell In the last year, Raeshanna Mcanuff, 27, a cosmetic chemist, asked for a raise at her job. Adam Sherif, 24, who works at a music talent agency, paid off the first $30,000 of his $60,000 in
An international ransomware attack that started with Florida-based IT firm Kaseya will not fetch the entire $70 million that its Russia-linked hackers are demanding, Huntress CEO Kyle Hanslovan told CNBC on Tuesday. “It wouldn’t surprise me if someone was to pay the ransom for it to be closer to the $40 [million] to $50 million
Tax reform has paid off for the Tar Heel State. North Carolina features one of the nation’s most competitive tax environments for businesses across the industry spectrum, and the state currently boasts the nation’s third-best effective tax rates for newly established firms and fifth-best rates for mature firms, according to a new analysis conducted by