Sen. Chuck Grassley, R-Iowa, during Attorney General nominee Merrick Garland’s confirmation hearing before the Senate Judiciary Committee on Feb. 22, 2021. Demetrius Freeman | Pool | Reuters The Senate approved a $3.5 trillion budget resolution early Wednesday after 14 hours of debate. Voting along party lines, Democrats blocked an amendment from Sen. Chuck Grassley, R-Iowa,
Month: August 2021
An artist’s rendering of a Momentus Vigoride transfer vehicle deploying a satellite in orbit. Momentus Space company Momentus will later this week go public on the Nasdaq, a month after settling Securities and Exchange Commission charges that it misled investors. Stable Road Acquisition Corp, a special purpose acquisition company or SPAC, on Wednesday announced its
The Peace Bridge is a cycle and footbridge bridge across the River Foyle in Londonderry, Northern Ireland. It opened on 25 June 2011, connecting Ebrington Square with the rest of the city centre. Shaun Egan | Photodisc | Getty Images Londonderry, in Northern Ireland was found to be the most affordable U.K. city for buying
Delivery workers wait for the light to turn green at a major intersection in Beijing on July 30, 2021. Evelyn Cheng | CNBC BEIJING — Investors in Chinese companies were caught off guard this summer by Beijing’s actions against homegrown tech giants, including comments about overseas-listed shares. One of the surprises was a mandate in
Dr. Peter Hotez told CNBC that he’s glad the Centers for Disease Control and Prevention updated its guidance and urged pregnant women to get vaccinated, especially in light of the widespread misinformation campaigns geared toward pregnant women. “Unfortunately, the bad guys, the anti-vaccine groups, put out a lot of fake information claiming that Covid-19 vaccines
The federal debt ceiling is back in the spotlight as Senate Democrats forge ahead with massive spending and infrastructure bills. While the legal cap on how much the U.S. can borrow doesn’t impact what consumers can spend, if Congress can’t reach a deal on a new debt limit next month, it will wreak havoc on everything
Money in a special needs trust can cover supplemental needs not covered by Medicaid and SSI. Uwe Umstaetter | Getty Images Democratic leaders in Washington, D.C., have touted a $3.5 trillion spending package aimed at helping to fight poverty. Yet initial drafts have not included proposed reforms to enhance Supplemental Security Income — also known
Jane Fraser speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup told employees that they’ll need to get the Covid-19 vaccination before returning to its offices, becoming one of the only major U.S. banks to take that stance. The
Donor-advised funds have become “wealth-warehousing vehicles” that give tax benefits to the wealthy without honoring their charitable mission, according to a leading philanthropist. In an interview with CNBC Monday, billionaire philanthropist John Arnold said donor-advised funds are hoarding more than $100 billion in charitable gifts that should be going to communities in need. He said
Coinbase employees spray champagne during the company’s initial public offering (IPO) outside the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images If you had any lingering doubts about the growth of fintech, take a peek at Tuesday night’s earnings reports from two newly-public companies. Cryptocurrency
In this article DOCS Jeff Tangney, CEO, of Doximity at the New York Stock Exchange for their IPO, June 24, 2021. Source: NYSE Doximity shares jumped as much as 10% in extended trading Tuesday after the online health company, which held its stock market debut in June, said quarterly revenue doubled. Here’s how the company
In this article MSFT A Bronx rooftop with a view of Manhattan in the distance is covered with solar panels. As climate and racial justice are connected, ESG experts say more clean energy projects and jobs need to come to neglected urban communities. DON EMMERT | AFP | Getty Images Climate crises across the country
Alex Potemkin | E+ | Getty Images Being ultra-tech-savvy apparently isn’t enough to protect you from online scams, a new report suggests. The number of individuals age 20 or younger — members of Generation Z who have grown up on smartphones and the internet — reporting they are victims of cyber-fraud has surged 156% over
In this article MS BLK skynesher | Getty Images Direct indexing, which allows investors to buy the stocks of an index, instead of purchasing a mutual or exchange-traded fund, may soon be available to more investors. While ultra-high-net-worth people have historically used the strategy, those with fewer assets may soon have access as more financial
Kristine Davis, a spacesuit engineer at NASA’s Johnson Space Center, wears a ground prototype of the new Exploration Extravehicular Mobility Unit (xEMU), during a demonstration on Oct. 15, 2019. Joel Kowsky / NASA Elon Musk offered SpaceX’s services to help NASA make its next-generation spacesuits, after a watchdog report on Tuesday said the agency’s current
1995 McLaren F1 Photo: Mike Maez | Gooding & Co. The Super Bowl of super-rich car collecting kicks off in Monterey, Ca. this week as more than $300 million worth of rolling trophies comes up for auction. After an unexpected surge in classic-car sales and prices during the pandemic, Monterey Car Week and the Pebble
In this article IYG U.S. stock index futures were flat during overnight trading on Tuesday, after the Dow and S&P 500 closed at record highs following the Senate passing the $1 trillion infrastructure bill. Futures contracts tied to the Dow Jones Industrial Average were slightly higher. S&P 500 futures and Nasdaq 100 futures were flat.
In this article COIN BTC.CB= Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq market site April 14, 2021 in New York City. Robert Nickelsberg | Getty Images Coinbase shares rose as much as 2.1% in extended trading Tuesday after reporting second-quarter revenues that were stronger than analysts had expected.
Dr. Scott Gottlieb warned that Covid-19 could, yet again, force schools to go fully remote, amid concerns about potential outbreaks in classrooms this fall. “Unfortunately, it’s possible, especially if you go into this school year without the kind of mitigation that we had in place last year,” Gottlieb, the former FDA chief in the Trump
Halfpoint | iStock | Getty Images Many Americans are looking to Labor Day with dread. That’s when some 7.5 million of them will stop receiving their unemployment benefits. The number is more than five times the 1.3 million people who lost aid in December 2013 as the country walked away from the Great Recession. Although
In this article PFE MRNA SVA Unvaccinated people are eager to travel again. But more and more, the rules make that harder. Travelers are increasingly required to show proof of vaccination before they can cruise, book group tours, avoid quarantines, or vacation to tropical islands. Beyond that, vaccines are needed for everyday activities including attending
Short-seller Jim Chanos warned that retail investors late in the game could be left holding the bag as more red flags emerged in a speculative stock market. “The problem with getting more people, retail, involved is that it always seems to happen toward the end of every cycle. Retail wasn’t there at ’09 at the
In this article PEP SAM The Boston Beer Company and PepsiCo today announced plans to enter a business collaboration to produce HARD MTN DEW alcoholic beverage. Source: Boston Beer Company PepsiCo and Sam Adams brewer Boston Beer are teaming up to create an alcoholic version of Mountain Dew. Boston Beer will develop and produce the
FatCamera | E+ | Getty Images There’s about a week left for anyone who’s uninsured to see if they qualify for free or low-cost private health insurance through the public marketplace. A special enrollment period that will end on Aug. 15 allows you to use healthcare.gov to sign up for a plan, which could come
A Falcon 9 rocket launches the Transporter-1 mission in January 2021. SpaceX SpaceX is acquiring satellite data start-up Swarm Technologies, in a rare deal by Elon Musk’s space company that expands the team, and possibly the technological capabilities, of its growing Starlink internet service. Swarm, which has 120 of its tiny SpaceBEE satellites in orbit,
In this article HOOD An Institutional Investor Hall of Famer sees an urgent need for investors in some of the most popular trades to diversify. Rich Bernstein, who has spent decades on Wall Street, is waving the red flag on long-duration assets ranging from Big Tech to bitcoin to Reddit rebellion stocks to long-term bonds.
The AMC Burbank 16 and the Batman bronze statue in Downtown Burbank. AaronP/Bauer-Griffin | GC Images | Getty Images Shares of AMC Entertainment rose 4% after the company posted a narrower-than-expected loss during the second quarter. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by
AMC Entertainment has reached an agreement with Warner Bros. to showcase all of the studio’s 2022 slate in theaters for 45 days. The world’s largest theater chain had balked at Warner Bros.’ decision to release this year’s films in cinemas and through its HBO Max streaming service on the same day. AMC struck a similar
PamelaJoeMcFarlane | E+ | Getty Images The first half of 2021 was very different than the volatile first six months of 2020. To that point, the Standard & Poor’s 500 Index returned 15% in the first half of this year — healthy growth in just about any full year. Yet, with the potential for inflation
Kieferpix | iStock | Getty Images When it comes to retirement savings, how much is enough in order to feel financially secure? The median answer across workers of all ages is $500,000, according to research from the Transamerica Center for Retirement Studies. But that figure varied somewhat across generations. While the median number for Gen
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