SINGAPORE — Fast and accurate coronavirus tests have become a reality, according to genetic testing firm Prenetics. The Hong Kong-based company last week told CNBC that the accuracy of its rapid coronavirus tests is comparable to the “gold standard” of PCR testing. Polymerase chain reaction (PCR) tests have been widely used to detect coronavirus infections
Month: November 2020
SHANGHAI — Chinese fintech giant Lufax is laying the groundwork for international expansion over the next five years, following a cash injection from its U.S. IPO, the company’s chief executive told CNBC. Lufax started trading on the New York Stock Exchange on Friday raising around $2.36 billion. The stock fell as much as 14.3% on
I spend a lot of time telling people to save for college, and to save as soon as possible. But there are situations where saving for college doesn’t make sense. Recently I received a call from a parent whose son was entering college. They were frantic, “When should I take money out of my 529
KISS bassist Gene Simmons lists his beloved 16,000-square-foot California estate for $22 million. CS8 Photo – Christopher Amitrano Hall of Fame rocker Gene Simmons is kissing his sentimental home of 36 years goodbye. The tongue-taunting, fire-breathing KISS bassist is unloading his palatial Benedict Canyon estate with a catch—a $22 million ask price and a personal
By John Endris, Next Avenue getty (Transitioning from someone who creates art to someone who sells his or her art for profit can be difficult. As David Deeds, Schulze Professor of Entrepreneurship at University of St. Thomas, wrote in “To Turn Your Art Into a Business, Learn to Manage Your Time,” you may want to
Democratic U.S. presidential nominee and former Vice President Joe Biden speaks at a campaign drive-in, mobilization event in Flint, Michigan, U.S., October 31, 2020. Brian Snyder | Reuters Former Vice President Joe Biden holds a substantial national lead over President Donald Trump in the closing days before Election Day, a final NBC News/Wall Street Journal poll
A man walks near the New York Stock Exchange (NYSE) on August 31, 2020 at Wall Street in New York City. Angela Weiss | AFP | Getty Images Stock futures were flat in overnight trading on Sunday as the market tried to rebound from its worst week since March. The move came as England adopted
Anchiy | E+ | Getty Images If you’re signing up for next year’s workplace benefits, now is the best time to develop a strategy for increasing your savings. Benefits season also happens to coincide with the annual IRS release of the 2021 maximum contribution limits for certain tax-advantaged accounts, including your 401(k) plan, individual retirement
California’s 13.3% tax rate is enough to make almost anyone sick, including rock stars. Kiss rocker Gene Simmons announced he wanted to leave California for tax-free Washington state, putting his $22 million Beverly Hills California estate on the market. The listing of his palatial one-of-a-kind 16,000 square-foot mansion says it has a 40-foot foyer, parking for
Nestled among a lush mangrove preserve, this is one of two private-beach estates on Tahiti Beach … [+] Island. Courtesy of The Carroll Group Mansions this close to the beach resemble a mirage—like some hallucinatory paradise castaways hope to wash upon after a shipwreck. But this fantasy is real, a tropical dream house listed for
A vintage flag of the United States of America for Veteran’s day getty Every Veterans Day, many organizations recognize the service our country’s military members have given our nation. The tradition dates back over 100 years, to the original Armistice Treaty signed at the end of World War I. Armistice Day, as it was originally
There’s a second pandemic sweeping our country: unemployment. The number of unemployed in the U.S. as a result of this crisis reached its highest level since the Great Depression. Nearly 3 in 4 (72%) of those currently unemployed have friends or family members who also lost their jobs due to Covid-19, according to new research
Ben Silbermann, co-founder and chief executive officer of Pinterest Tomohiro Ohsumi | Bloomberg | Getty Images The U.S. Presidential election is only days away, and Wall Street is bracing for market turbulence. However, given the lingering uncertainty, it’s unclear whether market volatility could persist post-election. “Time will tell if expected volatility turns into realized market
A supporter of Donald Trump drives by the Joe Biden rally in the golf cart during President Donald Trump’s campaign stop at The Villages Polo Club on October 23, 2020 in The Villages, Florida. Octavio Jones | Getty Images News | Getty Images It goes without saying that the outcome of the presidential election will
Starting a business is always challenging but it’s harder than it should be for military veterans — and particularly for female veterans. Female veteran-owned businesses make up just 15.2% of the 2.52 million veteran businesses, according to Census Bureau Statistics. About 97% of those have no employees. Also, only around 15% of all veteran-owned firms
Economic Security Planning, Inc. Today’s column addresses questions about whether benefits lost to the earnings test can ever be recovered, how soon spousal benefits are available after marriage, the effect of birth date on spousal benefits before retirement benefits and being eligible for more than one benefit at a time. Larry Kotlikoff is a Professor
Kirby Lane Park in Baltimore was a Rose Fellowship project. Photo: © Harry Connolly The idea is simple: every person in the United States should have dignified, well-built housing. However, execution is much more complicated. For architect Katie Swenson and others like her, navigating solutions through both political and social red tape is half the
Retirement plan with banknote, glasses, and pen getty The SECURE Act, which was signed into law at the end of 2019, made many changes to the laws around retirement contributions and withdrawals, with very significant alterations made to traditional IRA inheritance rules. If you own an IRA, particularly a sizeable one, the conventional wisdom about
Facebook CEO Mark Zuckerberg just announced he’s giving the entire company off for the Thanksgiving Week, and former Facebook security chief Alex Stamos agrees, somewhat: after fighting the 2020 elections online misinformation threat, technology workers have earned a break. But a week might be too long, Stamos thinks, before they need to turn their attention
Apple reported fourth-quarter earnings on Thursday that slightly exceeded Wall Street expectations, but the company did not offer investors any guidance for the quarter ending in December. iPhone sales were down more than 20% year-over-year. Here’s how Apple did versus analyst expectations via Refinitiv estimates: EPS: 73 cents vs 70 cents estimated Revenue: $64.7 billion