Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2021 in New York City. Spencer Platt | Getty Images U.S. stock futures were little changed on Tuesday night after tech shares sold off for the second day in a row, pressured by rising rates that gave a boost to
Month: November 2021
In this article GPS A pedestrian walks by the closed GAP flagship store on August 18, 2020 in San Francisco, California. Justin Sullivan | Getty Images Gap Inc. shares tumbled Tuesday after the company slashed its full-year outlook, with fiscal third-quarter results falling short as Covid-related factory closures led to significant product delays in the
In this article 9868-HK BEIJING — Chinese electric car start-up Xpeng plans to become a global automaker, with half of vehicle deliveries going to countries outside China, vice president and chairman Brian Gu said Wednesday. “As a company that focuses on global opportunities, we want to be balanced with our contribution of delivery — half
krisanapong detraphiphat | Moment | Getty Images Black Friday and Cyber Monday are almost here — and consumers shopping for the winter holidays should be on the lookout for online scams. U.S. sales online are expected to hit $207 billion this holiday shopping season, between Nov. 1 and Dec. 31, according to Adobe. That’s a
Anuchit Sirikangwan / EyeEm | EyeEm | Getty Images You’ve experienced an incredible loss. Now it’s time to think about protecting your future. Losing a spouse could be one of the most difficult things someone will ever face. However, despite the emotional hardship, a widow can emerge from the loss stronger than ever and more
NASA’s Double Asteroid Redirection Test (DART) spacecraft is put in the nosecone of SpaceX’s Falcon 9 rocket in preparation for launch. Ed Whitma / Johns Hopkins APL / NASA Elon Musk’s SpaceX is set to launch a first-of-its-kind planetary defense mission for NASA in the early hours of Wednesday morning, sending the spacecraft on its
Charlotte Hornets owner and Hall of Famer Michael Jordan reacts during the first half of their game against the New York Knicks at Spectrum Center on November 12, 2021 in Charlotte, North Carolina. Jared C. Tilton | Getty Images Michael Jordan has six NBA championship rings. He also likes watches. The five-time NBA most valuable
In this article ANF ZM WDC BBY A view of a Best Buy retail store on August 29, 2019 in San Bruno, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading Tusday: Occidental Petroleum, APA Corp — Energy stocks gained after the White House announced the U.S. will release
In this article DKS Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Dick’s Sporting Goods on Tuesday reported fiscal third-quarter earnings and sales that outpaced analysts’ expectations, leading the sporting goods giant to hike its annual
Art handlers hang Claude Monet’s “Coin du bassin aux nymphas” at Sotheby’s on November 5, 2021 in New York City. Angela Weiss | AFP | Getty Images The fall art auctions in New York set an all-time record, as a surge in global wealth, growing inflation fears and the continued collectibles craze boosted demand and
blackCAT | E+ | Getty Images It’s easy to ignore finances during the holiday season. But with five weeks left in 2021, there’s still time for year-end moves to slash tax bills or boost refunds, experts say. While tax planning is a year-round process, the last couple of months may offer the chance to finalize
katleho Seisa Despite the biggest cost-of-living adjustment in decades, Social Security beneficiaries may still find it challenging to make their monthly checks stretch farther next year. The reasons: Inflation is continuing to drive up consumer prices, while standard Medicare Part B premiums will rise by 14.5% in 2022 in a bigger-than-expected jump. The Consumer Price
The SpaceX Falcon 9 rocket and Crew Dragon capsule on launch Pad 39A at NASA’s Kennedy Space Center on November 09, 2021 in Cape Canaveral, Florida. Joe Raedle | Getty Images The leadership of SpaceX’s rocket business has been shaken up, CNBC has learned, as two vice presidents have parted with the company. The changes
Elizabeth Holmes, founder of Theranos Inc., arrives at federal court in San Jose, California, U.S., on Monday, Nov. 22, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — Elizabeth Holmes took mostly easy questions from her defense attorney on Monday, as the former Theranos founder was given the stage to tout
In this photo illustration of the ripple cryptocurrency ‘altcoin’ sits arranged for a photograph on April 25, 2018 in London, England. Jack Taylor | Getty Images News | Getty Images Fintech company Ripple is making great strides in its legal feud with the U.S. Securities and Exchange Commission, CEO Brad Garlinghouse told CNBC on Monday.
Zoom CEO Eric Yuan makes a toast after the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom reported better-than-expected quarterly earnings on Monday, while warning investors of a revenue slowdown at the video-chat company as the pandemic comes to an end. Here’s how the company did:
Many people expect electric vehicles to be fixtures in a future world that relies on renewable energy. But not many EV companies started out as renewable energy companies. One company trying to pull off that feat is Bangkok-based Energy Absolute. The biodiesel producer and renewable energy company branched into the commercial EV business in 2019.
Audiologist examining a patient’s ear. Westend61 | Westend61 | Getty Images Some significant changes to Medicare could be on their way. With the House passage of the $1.7 trillion Build Back Better Act on Friday, provisions that would improve Medicare have moved a step closer to becoming law. The Senate must still pass its version
Getty Images Clients grappling with a layoff or jumping into retirement may have some tax-planning opportunities as the year winds down, top advisors say. By the third quarter of 2020, 28.6 million baby boomers reported being out of the workforce, out of an entire cohort numbering 71.8 million, according to Pew Research. That’s 3.2 million more
In this article ASTR The company’s rocket LV0007 lifts off from Pacific Spaceport Complex in Kodiak, Alaska on November 20, 2021. Astra Shares of rocket builder Astra surged in trading on Monday after the company reached orbit for the first time over the weekend. The company’s rocket LV0007 launched from the Pacific Spaceport Complex in
Bill Gates wants you to read more science fiction. On Monday, Gates released his annual holiday book recommendation list — along with a blog post explaining why two of his five selections are science-fiction books. As a child, he wrote, he was “obsessed” with science fiction. And though the famous reading enthusiast focused more on
In this article GM RIVN BLNK ASTR The GM logo is seen on a water tank of the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. Daniel Becerril | Reuters Check out the companies making headlines in midday trading. Activision Blizzard — The video game stock continues to be
US President Joe Biden speaks about the 50 million doses of the Covid-19 vaccine shot administered in the US during an event commemorating the milestone in the Eisenhower Executive Office Building in Washington, DC, February 25, 2021. Saul Loeb | AFP | Getty Images Over 90% of the more than 3.5 million federal workers covered
House Democrats on Friday passed their $1.75 trillion spending package with a temporary increase for the limit on the federal deduction for state and local taxes, known as SALT. The bill would boost the limit to $80,000 from 2021 through 2030 before dropping it back to $10,000 in 2031. Without changes, the current $10,000 cap
High-rise apartment buildings at China Evergrande Group’s under-construction Riverside Palace development in Taicang, Jiangsu province, China, on Friday, Sept. 24, 2021. Qilai Shen | Bloomberg | Getty Images Asian high-yield bonds have been a hot favorite among institutional investors for the last few years. Also known as junk bonds, they are non-investment grade debt securities
A trader during the Sweetgreen initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, on Thursday, Nov. 18, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures rose slightly in overnight trading on Sunday ahead of the holiday-shortened week, a historically seasonally strong period for Wall Street.
Jamie Salter, chairman and chief executive of Authentic Brands Group LLC. Norm Betts | Bloomberg | Getty Images Retail conglomerate Authentic Brands Group plans to shelve a planned initial public offering and instead sell significant equity stakes in its business to private equity firm CVC Capital, hedge fund HPS Investment Partners and a pool of
Michael Tubbs, former mayor of Stockton, California. Nick Otto | AFP | Getty Images Michael Tubbs had the odds stacked against him while growing up in Stockton, California, as the son of a young single mother and an incarcerated father. Tubbs, 31, felt the expectations for his life as a Black man in America were
In this article GM WIX NFLX SQ NVDA The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters Earnings season is drawing to a close, and companies have offered investors and analysts insight into their plans for growth in the coming
An illustration showing physical bitcoins alongside binary code displayed on a laptop. Jakub Porzycki | NurPhoto via Getty Images LONDON — Investors have lost billions of dollars to criminals targeting so-called “decentralized finance” platforms this year. According to a report from London-based firm Elliptic, more than $10 billion worth of user funds has been stolen
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