Ramin Talaie | Bloomberg | Getty Images GameStop soared yet again, topping $450 apiece in premarket Thursday, as the Reddit-driven retail momentum continued to heat up. Shares of the brick-and-mortar video game retailer reversed losses in overnight trading, with it last jumping 31% to $451.10 in premarket trading. The move followed a more than 130% rally
Month: January 2021
Morsa Images | E+ | Getty Images You know you need to save for retirement. Figuring out how to get started or finding the best plan may leave you befuddled. Yet it is important. By the age of 67, you should have 10 times your final salary set aside, according to Fidelity Investments. Here are
getty Every estate plan should have a power of attorney in which you give one or more people authority to act as agents on your behalf when you aren’t able to. Every estate planner and guide to estate planning will tell you that. What few will tell you is there are at least two important
A new letter from economists, organized by Invest in America, calls for major new spending to fight … [+] the Covid-19 recession and boost the economy. getty After the initial good feelings around Joe Biden’s inauguration, economic reality is catching up. On Wednesday, Chairman Jerome Powell gave a sobering assessment of how far the economy still
Portland, Oregon protest. (Photo by Nathan Howard/Getty Images) Getty Images How long does it take for a city to die? Downtowns across the country have emptied due to the pandemic, causing many stores and restaurants to close. Suburbs are doing much better, in many cases hardly touched by the recession. But in Portland, Oregon, continued
Most of Singapore’s 5.7 million residents have been unable to travel since Singapore shut its borders in late March. Roslan Rahman | AFP | Getty Images SINGAPORE — As the world races to roll out mass vaccination programs to combat Covid-19, analysts say more carriers will likely go bust this year and pre-pandemic demand won’t
Apple delivered its largest quarter by revenue of all time on Wednesday at $111.4 billion in its first-quarter earnings report for fiscal 2021. It’s the first time Apple crossed the symbolic $100 billion mark in a single quarter, and sales were up 21% year over year. Apple stock dropped 2% in extended trading. Apple’s results for the quarter ending in December weren’t just driven by 5G
The logo of German online bank N26 displayed on a smartphone. Thomas Trutschel | Photothek via Getty Images LONDON — German online bank N26 is considering making an acquisition for the first time, after raising heaps of cash and trimming its losses despite the coronavirus pandemic. The $3.5 billion financial technology firm said net losses
An ultra-rare portrait by the famed Italian painter Sandro Botticelli could fetch $80 million or more when it comes up for sale at Sotheby’s on Thursday. The auction marks the first big test of the art market this year, as well as the willingness of global collectors to pay eight or nine figures for trophy
The wild trading involving GameStop shares presents a broader threat to the U.S. equity market, the chief securities regulator in Massachusetts told CNBC on Wednesday. “The marketplace should be a place where risk is taken, but not reckless risk and not a situation that undermines the system, and that’s what we’re looking at here,” Massachusetts
Signage stands in a GameStop Corp. store in Peru, Illinois. Daniel Acker | Bloomberg | Getty Images It’s the stock rally no one quite predicted. In recent years, GameStop, a video game retailer, has been shrinking its retail presence by closing hundreds of stores. Yet this week, its stock popped dramatically. On Wednesday, GameStop shares
Click here to read the previous part of this article. A review of the tax principles used herein is also in order. Investments are made in Jerry’s tax-deferred 401(k) plan. This means that taxes are not paid initially on the plan contributions, but any withdrawals from the plan will be subject to ordinary income tax
A striking teacher holds a sign as she walks a picket line outside Peirce Elementary School on the … [+] first day of strike by the Chicago Teachers Union on October 17 2019 in Chicago, Illinois. (Photo by KAMIL KRZACZYNSKI / AFP) (Photo by KAMIL KRZACZYNSKI/AFP via Getty Images) AFP via Getty Images The coronavirus
A colorful pied-é-terre on the Upper East Side of Manhattan. Ted Porter Architecture | Ty Cole Photographer It’s a true artist’s loft in every sense. And no wonder. The Upper East Side co-op apartment has been the beneficiary of a collaboration of creative minds: architect Ted Porter and owner Lorenza Panero, a multidisciplinary Bogotá-based artist
Levi’s clothes are seen on a store shelf in Miami, Florida. Joe Raedle | Getty Images Levi Strauss & Co. reported Wednesday its total holiday-quarter sales dropped 12%, marking an improvement from a more than 20% decline in the prior period, as weak shopper traffic at its stores was partially offset by double-digit growth online.
Facebook stock remained relatively flat in after-hours trading on Wednesday after the company reported its fourth-quarter earnings. The company warned the looming changes in Apple’s iOS 14 and a reversal in pandemic trends could hurt its advertising business. Here are the numbers: Earnings: $3.88 per share vs $3.22 per share forecast by Refinitiv Revenue: $28.07 billion vs $26.44
Facebook’s logo displayed on a phone screen and keyboard. Jakub Porzycki | NurPhoto via Getty Images Check out the companies making headlines after the bell: Facebook — Shares of the social media giant was down more than 4% in after hours trading on Wednesday following its quarterly results. Earnings came in at $3.88 per share,
Bill Gates was “very surprised” when he and Dr. Anthony Fauci became the targets of “crazy” and “evil” conspiracy theories related to the ongoing coronavirus pandemic, Gates told Reuters on Wednesday. The billionaire Microsoft co-founder and White House advisor Fauci, the nation’s top infectious diseases expert, have been frequent targets for baseless coronavirus conspiracy theories,
A customer holds a GameStop shopping bag inside a store in San Francisco. David Paul Morris | Bloomberg | Getty Images Wall Street has been watching GameStop in awe as a band of Reddit-obsessed retail investors managed to push the stock up 1,500% in two weeks, squeezing out short-selling hedge funds. A wave of at-home
President Joe Biden and former President Donald Trump at the U.S. presidential debate Oct. 22, 2020. Kevin Dietsch/UPI/Bloomberg via Getty Images Presidents Joe Biden and Donald Trump were far apart on many issues — tax policy among them. The Biden administration is seeking to dismantle or reverse many aspects of his predecessor’s signature tax law.
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