Take a look at some of the biggest movers in the premarket: Vroom (VRM) – Vroom stock jumped 11% in the premarket after it reported a smaller-than-expected loss for its latest quarter. The online used-car retailer’s revenue beat estimates as demand surged. Consumers are turning to used cars as the global chip shortage crimps production
Month: May 2021
Jose Luis Pelaez Inc | DigitalVision | Getty Images New York City has joined a short but growing list of jurisdictions aiming to get workers into a retirement plan. Mayor Bill de Blasio signed a bill into law this week that will require most employers not offering a workplace plan to automatically enroll their workers
It’s been almost two years since the Centers for Medicare and Medicaid Services (CMS) introduced the new Medicare Plan Finder (MPF) in September 2019. I wrote nine posts during the last four months of that year, describing a variety of issues with this new tool. Most disappointing to me was that the new Plan Finder did not
The Internal Revenue Service is conducting an “ongoing, extensive investigation involving substantial IRS resources” into cryptocurrency holders. As part of that investigation, the IRS is serving “John Doe” summons on various cryptocurrency companies, seeking court orders to require cryptocurrency exchanges to turn over account holder’s names and other key identifying information. On May 5, 2021,
Hilton & Hyland’s Heather Boyd is as comfortable selling luxury Los Angeles real estate as she is acting on the Broadway stage or a Burbank television set. Boyd has two different yet successful careers on her resume. With seven years at Hilton & Hyland, Boyd excels at finding her clients the right property even in
In this article TSLA BTC.CB= ETH.CM= XRP.CM= Artur Widak | NurPhoto | Getty Images GUANGZHOU, China — Hundreds of billions of dollars were wiped off the entire cryptocurrency market after Tesla CEO Elon Musk tweeted that the electric vehicle maker would suspend car purchases using bitcoin. At around 6:06 a.m. Singapore time on Thursday when
In this article @DJ.1 @SP.1 @ND.1 A passenger wears a protective mask at the Wall Street subway station in New York, on Monday, March 30, 2020. Michael Nagle | Bloomberg via Getty Images Futures contracts tied to the major U.S. stock indexes crept higher in the overnight session Wednesday, just hours after persistent pressure on
Kevin O’Leary is bullish on the future of NFTs, or nonfungible tokens. “I haven’t bought any yet. I’m waiting to see when the volatility of the pricing changes,” O’Leary, chairman of O’Shares ETFs, told CNBC Make It in April. But “this has legs. It’s going to work.” NFTs are unique digital assets that are represented
From gas and groceries to computers, cars and clothing, Americans are already paying more for everyday expenses. As the economy reopens in the wake of the coronavirus pandemic, consumers are putting their stimulus checks, enhanced unemployment benefits and stashed cash to work. Yet all that spending — coupled with supply chain setbacks — is
Tetra Images | Tetra images | Getty Images Over the last year, lawmakers have passed many tax breaks for businesses due to the coronavirus pandemic. Now, the Biden administration is encouraging the hardest-hit businesses to take advantage of one especially large tax break, the employee retention credit. The employee retention credit was first established in
The federal agency that regulates nursing homes, the Centers for Medicare and Medicaid Services (CMS), will require facilities to publicly report covid-19 vaccination rates for staff and residents starting May 21. The rule is likely to press operators to boost staff vaccine rates to at least the 75 percent rate that industry trade groups have
The Department of Justice issued a news release to strike terror in the hearts of anyone attempting to execute cryptocurrency tax shenanigans. The federal court for the Northern District of California entered an order authorizing a John Does summons on Payward Venture Inc and Subsidiaries d/b/a Kraken. The IRS wants to look at the records of
Last month, the median rental price in Manhattan by 4% compared to March, the first dip in five months, according to new data from Douglas Elliman Real Estate and Miller Samuel. Those deals, as well the city’s continued reopening, helped push the number of new leases in Manhattan, Brooklyn and Queens to record highs. “There’s
In this article ARKQ ARKX SPCE SpaceShipTwo “Unity” on the runway after an aborted spaceflight test on Dec. 12, 2020. Virgin Galactic Virgin Galactic shares fell in trading Wednesday as it was revealed Ark Invest’s space exploration ETF sold nearly all of its remaining stake in the space tourism company. Cathie Wood’s firm sold 293,962 shares
In this article POSH Rafael Henrique | LightRocket | Getty Images Poshmark shares tumbled more than 11% in extended trading Wednesday after the secondhand retailer said its second-quarter sales could come in weaker than what it reported in the prior quarter, a sign that its growth may be starting to slow. The company reported first-quarter
A couple fills up multiple 5 gallon gas tanks at a Wawa gas station, after a cyberattack crippled the biggest fuel pipeline in the country, run by Colonial Pipeline, in Tampa, Florida, U.S., May 12, 2021. Octavio Jones | Reuters Gas shortages across the Southeastern U.S. are getting worse as panicked consumers head to the
Samuel Corum/Bloomberg via Getty Images There’s still time to make health savings account contributions for 2020. Those with high-deductible health plans have until the extended tax-filing deadline, May 17, to make HSA contributions for 2020. Self-only plans allow deposits of up to $3,550, while those with family coverage may save as much as $7,100. This
In this article DPZ Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman said Wednesday that his hedge fund built a 6% stake in Domino’s Pizza, swapping out its Starbucks bet. Ackman revealed Pershing Square sold Starbucks after the coffee chain’s swift rebound from the pandemic.
Tara Moore | Getty Images Social Security beneficiaries could be in for a bigger cost-of-living adjustment next year, if current economic trends continue. But just how much farther an increase to those monthly benefit checks will go will depend a lot on inflation. The Senior Citizens League, a nonpartisan senior group, released its first official
kate_sept2004 | E+ | Getty Images A new batch of $1,400 stimulus checks has been issued to Americans, bringing the total number of payments sent to about 165 million, or $388 billion. This marks the ninth set of payments since the $1,400 stimulus checks were authorized by Congress in March. The checks are for up
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