Major banks around the world are still financing fossil fuel companies to the tune of trillions of dollars. A new report, published Wednesday from a collection of climate organizations and titled Banking on Climate Chaos 2021, finds 60 of the world’s largest commercial and investment banks have collectively put $3.8 trillion into fossil fuels from
Month: March 2021
In this article TSLA CRM Marc Benioff, Co-CEO of SalesForce speaking at the WEF in Davos, Switzerland on Jan. 22, 2019. Adam Galica | CNBC Chainalysis, a start-up that sells blockchain data analytics tools, announced Friday that it’s raised $100 million in an investment round valuing the company at $2 billion. That’s double what Chainalysis
In this article BG .SPIPSA RDSA-GB LNG A dredger attempts to free stranded container ship Ever Given, one of the world’s largest container ships, after it ran aground, in Suez Canal, Egypt March 26, 2021. Suez Canal Authority | Reuters Companies are scrambling to reroute shipping vessels to avoid the logjam at the Suez Canal,
Me in my new living room. Source: Janna McPartland When I was 25, and knew nothing about pandemics, I made a list in a small notebook of the things I hoped to achieve in my life. One of those goals was, “To live in my own apartment by 37.” Some people may wonder: Why did
In this article BA NOC SPCE RTX GNPK SpaceX’s Crew Dragon Endeavour seen docked with the International Space Station on July 1, 2020. NASA The National Aeronautics and Space Administration last year marked two decades of astronauts continuously onboard the International Space Station. But, as the floating research laboratory ages, the space agency is turning
Many Americans have relocated since the start of the pandemic, and many more say they’re considering a move as coronavirus restrictions force a lot of people to work remotely and spend more time than ever at home. While some renters are taking advantage of deals on homes and apartments in big cities, others are looking
In this article @CL.1 @LCO.1 A satellite image shows stranded container ship Ever Given after it ran aground in Suez Canal, Egypt March 25, 2021. CNES Airbus DS | Reuters The Ever Given, one of the world’s largest container ships, is still wedged in the Suez Canal, and the economic effects from the blockage —
Emergency Medical Technician Lenny Fernandez, Medical Assistant Rodnay Moore and Physician Assistant-Certified Calvin Davis, left to right, prepare doses of the Pfizer COVID vaccine as the city of Vernon Health Department staff used the city’s new mobile health unit clinic to administer COVID-19 vaccinations to nearly 250 essential food processing workers at Rose & Shore,
In this article JPM WFC BAC A small business owner in Chinatown, San Francisco Source: CNBC The Senate on Thursday passed the PPP Extension Act of 2021 with overwhelming support, extending the deadline for the Paycheck Protection Program to May 31 from March 31. Passage of the PPP extension came about one week after the
In this article MAXR SZU-DE Maxar Technologies Satellite images give a unique vantage point of the stuck ship Ever Given, as crews work to free the mega container vessel that’s been blocking the Suez Canal for four days. Maxar Technologies‘ WorldView-2 satellite captured high-resolution images on Friday morning, with a close-up look at the dredging
Billionaire investor Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, thinks bitcoin may have a similar fate as gold did in the U.S. during the 1930s. “[B]ack in the ’30s in the war years … because cash and bonds were such bad investments relative to other things, there was the movement to
The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg via Getty Images The Federal Reserve has come a long way from the days of warning about “irrational exuberance.” Former Fed Chairman Alan Greenspan famously sent up a flare in December 1996 about stretched
Scotland’s full-back Stuart Hogg passes the ball during the Six Nations rugby union tournament match between France and Scotland on March 26 2021, at the Stade de France in Saint-Denis, outside Paris. (Photo by Anne-Christine POUJOULAT / AFP) (Photo by ANNE-CHRISTINE POUJOULAT/AFP via Getty Images) ANNE-CHRISTINE POUJOULAT | AFP | Getty Images Wales were crowned
In this article IRSA3-AR Luis Alvarez | DigitalVision | Getty Images Americans can get a tax break this filing season for masks, hand sanitizer, sanitizing wipes and other personal protective equipment to prevent the spread of Covid-19, the IRS announced Friday. The tax code lets taxpayers deduct medical costs that exceed 7.5% of their adjusted
In this article FTXL Giannis Antetokounmpo #34 of the Milwaukee Bucks drives to the basket against Bam Adebayo #13 of the Miami Heat during the second half at American Airlines Arena on March 02, 2020 in Miami, Florida. Michael Reaves | Getty Images A city trying to rebrand itself as the center of the crypto
Billionaire investor Mark Cuban sees a lot of promise in the future of NFTs, or nonfungible tokens. In fact, Cuban is now looking for ways to use the technology to bring in more money for his NBA team, the Dallas Mavericks. “With the [Mavericks], we’re trying to find a good option for turning our tickets
In this article KWEB Chinese and U.S. flags outside the building of an American company in Beijing, China January 21, 2021. Tingshu Wang | Reuterss A new Securities and Exchange Commission rule that will require foreign companies to submit documentation about government affiliations and government influence is causing headaches for China investors. It’s one of
In this article LB Pedestrians wearing protective masks carry Victoria’s Secret Stores LLC shopping bags in San Francisco, California, U.S., on Wednesday, Feb. 17, 2021. David Paul Morris | Bloomberg | Getty Images Victoria’s Secret-owner L Brands on Friday raised its profit outlook for the first quarter, citing a boost from government stimulus and from
In this article LB MKC PVH LULU CHWY BB-CA WBA MU PLAY KMX .SPX .DJI .IXIC MRNA PFE JNJ Investors are exhibiting optimism around the Covid vaccine rollout, CNBC’s Jim Cramer said, and it fueled a rally in U.S. stocks Friday. The Dow Jones Industrial Average added 453.40 points, or 1.4%, while the broad S&P
President Joe Biden visits W.S. Jenks & Son, a Washington, D.C., hardware store that benefited from a Paycheck Protection Program loan, on March 9, 2021. Mandel Ngan | AFP | Getty Images The Senate on Thursday voted to extend the Small Business Administration’s Paycheck Protection Program just a week before it was slated to expire.
An RS1 rocket booster undergoes acceptance testing. ABL Space Rocket builder ABL Space closed a $170 million round of funding, the company announced on Thursday, making it the latest private space venture to reach the unicorn valuation mark. ABL raised the funds from T. Rowe Price and Fidelity Management, as well as a third unnamed
When the Lucid Air luxury sedan EV hits the market in 2022, it’s expected to break records. One of those records would be Lucid Air’s expected ability to drive up to 517 miles on a single charge, which would top any other electric production vehicle. Lucid has also promised that the Lucid Air will be
Chinese Foreign Ministry spokeswoman Hua Chunying attends a news conference in Beijing, China January 21, 2021. Carlos Garcia Rawlins | Reuters BEIJING — China slapped sanctions on U.K. entities on Friday, saying that Britain’s sanctions on Chinese individuals over alleged human rights abuses in Xinjiang were based on “lies and disinformation.” The Ministry of Foreign
In this article TSLA BOWX US10Y .IXIC .SPX .DJI GME Here are the most important news, trends and analysis that investors need to start their trading day: Stocks to add to Thursday’s Dow comeback Office-sharing company WeWork inks new deal to go public GameStop shares to open higher after soaring over 50% Tesla ordered to
zimmytws | iStock | Getty Images The Social Security Administration has sent information to the IRS that will help clear the way for almost 30 million people to receive their $1,400 stimulus checks, lawmakers said on Thursday. The development comes after Democratic leaders on the House Ways and Means Committee gave the agency 24 hours
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images GameStop snapped a five-day losing streak with a significant surge on Thursday, as shares of the retail company rose roughly 50% and showed that their wild swings are not yet over. The
Getty Images It’s not investing that is viewed skeptically, it’s the system. More than half (56%) of people who have money in stocks think the market is rigged against individual investors, according to a survey from Bankrate. That’s compared to 41% of non-investors who say the same thing. “Part of it may have to do
In this article JPM C WFC KBE GS Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters Bank stocks rose in extended trading on Thursday after the Federal Reserve announced its plan
Diners wearing protective masks wait outside an Olive Garden restaurant in Thornton, Colorado, on Friday, March 19, 2021. Chet Strange | Bloomberg | Getty Images Darden Restaurants on Thursday reported quarterly earnings that topped analysts’ expectations as customers visited Olive Garden and its other chains more than expected. The company is forecasting that its fiscal fourth-quarter results
In this article RH RH CEO Gary Friedman told CNBC on Thursday he was confident in the company’s expansion vision, even if some may question the luxury furniture retailer’s moves into the European market or new industries altogether. “It takes a long time to build something extraordinary in this world, and we still feel like we’re
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