Cars line up to pick up food boxes at the Athens County Fairgrounds in Athens, Ohio, on Dec. 19, 2020. BRAD LEE | AFP | Getty Images The U.S. economy is on the mend. But the unequal — or K-shaped — nature of the recovery persists. Economic activity is on pace to return to pre-pandemic
Month: May 2021
BlackRock‘s Rick Rieder told CNBC on Tuesday he frequently has discussions about whether the U.S. economy will run too hot, too fast in its recovery from the coronavirus pandemic. “Listen, every client call I’m on including the one I just finished … is talking about overheating,” the chief investment officer of global fixed income at the world’s
Images By Tang Ming Tung The U.S. government has sent billions of dollars in stimulus checks to Americans since the onset of the Covid-19 pandemic. Yet some people may still be asking, “Where is my money?” If you feel that you may have been left in the lurch, there is a way to claim the
Gamers of the Philadelphia Fusion, left, and London Spitfire teams compete during the Activision Blizzard Inc. Overwatch League Grand Finals at Barclay Center in the Brooklyn Borough of New York, U.S., on Friday, July 27, 2018. Christopher Lee | Bloomberg | Getty Images Check out the companies making headlines after the bell on Tuesday: Activision
People walk by a CVS Pharmacy store in the Manhattan borough of New York City. Shannon Stapleton | Reuters CVS Health reported a strong first quarter and raised its full-year forecast, as customers came to its stores for Covid-19 vaccinations, tests and prescriptions. Shares of the company were up 3% early Tuesday in premarket trading.
Life is Good was on the verge of filing for bankruptcy protection last year, according to its CEO, but the retailer managed to overhaul its business strategy in a matter of weeks to have its best year ever during the Covid pandemic. “When [Covid] hit, 50% of our business was wholesale … and that business
Kelvin Murray | Getty Images It’s no secret that the Covid-19 pandemic has hurt workers of all ages. Yet when it comes to older workers — those ages 50 to 62 and up — some may have fared worse than they did during the Great Recession, according to recent research from the Center for Retirement
Tetra Images | Getty Images Tax refunds on 2020 unemployment benefits are slated to start this month. But some taxpayers — namely, single filers — will get the money sooner than others. It may be summer before other groups, such as married couples and those with complex tax returns, get their refunds, according to the
Alan Patricof, a longtime tech investor and Democratic donor, told CNBC on Monday he is not concerned about the prospect of higher capital gains taxes for wealthy Americans. In an interview on “Closing Bell,” the co-founder of venture capital firm Greycroft did not throw his support behind a specific rate for the capital gains tax.
Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE Stock futures held steady in overnight trading on Monday after a strong start to May as investors piled into shares that would benefit the most from an economic reopening. Futures on the Dow Jones Industrial Average were little changed.
In this article TWTR CEO of Twitter Jack Dorsey testifies before the Senate Intelligence Committee on Capitol Hill in Washington, DC, on September 5, 2018. (Photo by Jim WATSON / AFP) (Photo credit should read JIM WATSON/AFP/Getty Images) Jim Watson | AFP | Getty Images Twitter’s stock was down more than 10% in after-hours trading
Delhi Daredevils bowler Trent Boult bowls during an IPL cricket match against the Rajasthan Royals. Vishal Bhatnagar | NurPhoto | Getty Image The 2021 Indian Premier League has been suspended amid concerns over coronavirus levels in the country. The number of new coronavirus infections in India passed 20 million on Tuesday with 357, 229 new
Image Source | Getty Images The wealthiest Americans may soon face a slew of tax hikes. President Joe Biden wants to raise taxes on single filers likely with income over $452,700 and couples earning more than $509,300. But the plan may wind up penalizing some higher-earning married couples. The marriage penalty “It’s not the first
House Ways and Means Committee Chairman Richard Neal. Matt Stone | Boston Herald | Getty Images The House Ways and Means Committee is poised to consider a bill on Wednesday that would make changes to how U.S. workers save for retirement. The measure, known as the Securing a Strong Retirement Act of 2021, comes less
Warren Buffett finally has an official successor at Berkshire Hathaway. On Monday, the 90-year-old investing icon put to rest years of speculation over who would eventually take the reins from him at Berkshire when he confirmed that Gregory Abel, 59, currently a vice chairman of the $640 billion company, is next in line to be
Richmond Federal Reserve President Thomas Barkin told CNBC on Monday that he sees inflation pressures building this year that he expects to subside in 2022. “I think we will see price pressure this year. You’ve got a very strong demand situation, and you’ve got constraints in supply,” the central bank official said during a “Closing
In this article AMZN Amazon logo seen displayed on a smartphone. Igor Golovniov | SOPA Images | LightRocket | Getty Images Amazon‘s ads business grew at an astonishing pace in the first quarter. Amazon’s “other” unit, which is primarily made up of advertising but also includes sales related to other service offerings , grew revenue
XPO Logistics Source: XPO Logistics XPO Logistics on Monday afternoon announced better than expected quarterly earnings and revenue on the strength of its trucking and logistics business. Shares of XPO hit all-time intraday high ahead of its first-quarter earnings report, which was released after the closing bell on Wall Street. The stock was slightly lower
PeopleImages | E+ | Getty Images If you are in the market for a new house, you may be overlooking one key to your success: your credit score. That three-digit number has a direct impact on your ability to get a mortgage and what interest rate you will pay. Mortgage rates are at two-month lows,
Astra VP of manufacturing Bryson Gentile, left, and CEO Chris Kemp take a protective cover off a rocket fairing half. Michael Sheetz | CNBC ALAMEDA, California — Rocket builder Astra wants to simplify the launch business, with the soon-to-be-public company on a quest to both cut manufacturing costs while dramatically increasing the number of launches
A woman walks by Bank Of Ireland ATMs in Dublin city center. NurPhoto | NurPhoto | Getty Images DUBLIN — The complexion of Irish banking has changed drastically. Over the space of just a few weeks, NatWest-owned Ulster Bank announced it was shutting down operations while KBC Ireland entered talks to sell off its loan
In this article QSR-CA Jose Cil, CEO of Restaurant Brands International, speaks during an interview with CNBC on the floor at the New York Stock Exchange, November 6, 2019. Brendan McDermid | Reuters Restaurant Brands International on Friday reported quarterly earnings that topped Wall Street’s expectations as its systemwide sales surpassed 2019 levels. Shares of the company
A woman wearing a protective face mask walks past a graffiti, amidst the spread of the coronavirus disease (COVID-19), on a street in Mumbai, India, March 30, 2021. Francis Mascarenhas | Reuters India’s second wave of Covid-19 infections shows no signs of slowing down as the country’s overwhelmed health-care system faces supply shortages for hospital
With money at the root of a lot of relationship issues, it’s no surprise that most people won’t swipe right on a date with bad credit. More than one-third, or 38%, of adults would reconsider a romantic relationship because of the other person’s debt, a 12% jump from a year ago, according to a recent study
urbazon | E+ | Getty Images It’s one of those debates that rarely seems to have a clear-cut winner: Should retirees pay off their mortgage or continue making those monthly payments? The answer — probably somewhat annoyingly — is that it depends. Of course, there are a couple of immediate benefits to paying off a
A selection of food that is on the menu at the Jack in the Box on Campus Drive in Irvine, Calif. Glenn Koenig | Los Angeles | Getty Images First-quarter earnings season is well underway, with several tech heavyweights reporting their financial results for the most recent quarter this past week. There’s more to
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter shares plunged 12.4% in premarket trading after it warned of rising expenses and a possible slowdown in user growth. Twitter beat estimates for its latest quarter by 2 cents a share, with earnings of 16 cents per share. Revenue
Employees during a press visit to the first shale gas exploring site started by Chevron in Pungesti, Romania, April 2014. Mircea Restea | AFP | Getty Images After a brutal year for the energy sector, Chevron reported a profit for the first quarter of 2021 as a recovery in oil prices boosted operations. The company’s
Bloomberg | Bloomberg | Getty Images April Harris of dessert company Keeping You Sweet, Melissa Butler of The Lip Bar, and Gwen Jimmere of Naturalicious share several things in common: they are Black female entrepreneurs who have succeeded building businesses on their own, and they have succeeded in winning deals with national retail partners including
Tyler Marks, his wife, Maranda, and their daughter, Layla, 3, and two sons, Hayden, 7, and Atticus,1. Courtesy: Marks family His name is Tyler Marks. But he showed up on the gray screen during his eviction hearing as Call-in User_3. Unemployed for most of the pandemic, Marks couldn’t afford to buy a laptop or computer