Former Theranos CEO Elizabeth Holmes walks outside the courtroom where she’s standing trial for fraud, on May 6, 2021. CNBC Elizabeth Holmes’ jet-setting, lavish lifestyle as CEO of Theranos took center stage on Thursday as her attorneys argued it was irrelevant to her criminal fraud case. “What she wore, where she stayed, how she flew
Month: May 2021
Maricopa County, Arizona, constable Darlene Martinez signs an eviction order on Oct. 7, 2020 in Phoenix. John Moore | Getty Images News | Getty Images Renters who are financially struggling because of the coronavirus pandemic got some scary news yesterday when a federal judge overturned the national eviction moratorium two months earlier than expected. In
courtneyk | E+ | Getty Images President Joe Biden is asking for $80 billion to help the IRS crack down on tax avoidance from wealthy Americans and big corporations. The proposal seeks a boost in enforcement staffing, technology and additional bank reporting, measures that may generate an estimated $700 billion in tax revenue over the
If passed, the ‘Secure Act 2.0’ would significantly alter the retirement landscape. Officially called the Securing a Strong Retirement Act of 2021, the bill is essentially a follow up to the 2019 Secure Act. After approval from the Ways and Means Committee yesterday, the proposed legislation is now going to the House. If voted into
Senate procedures, particularly those for budget reconciliation, mold the tax laws that are created or altered in that process in critical ways. Most recently, the reconciliation process prompted revision of the monthly distribution plans for the child tax credit, resulting in its being changed — at least statutorily — from a monthly benefit into a periodic
The Consumer Financial Protection Bureau (CFPB) released a report this week showing that mortgage complaints to the government agency have risen to their highest level in three years. The CFPB received approximately 38,100 mortgage origination and servicing complaints from January 1, 2020 through March 31, 2021, which is about 5% of all complaints the CFPB
An illustrative image of Amazon Shopping app seen on a mobile phone screen in front of an old (L) and a new (R) Amazon Shopping app icons displayed on a screen. Amazon has quietly changed its new Amazon Shopping app icon, replacing the blue ribbon on top that drew some unfavorable comparisons. On Wednesday, March
In this article TPR Customers walk past a Coach store at Shanghai New World Daimaru department store on August 12, 2019 in Shanghai, China. VCG | Visual China Group | Getty Images Coach owner Tapestry said Thursday that its fiscal third-quarter sales in North America returned to pre-pandemic levels, as demand for luxury goods rebounds
Cathie Wood Source: CNBC Star fund manager Cathie Wood’s flagship fund is getting hit this week and seeing big investor outflows amid a sell-off. Shares of ARK Innovation are down another 3% on Thursday, bringing its weekly losses to nearly 10%. The “disruptive innovation” ETF bounced off its February low of the year earlier in
This is an excerpt from CNBC Make It’s weekly newsletter, written by money reporter Alicia Adamczyk. Subscribe here. Everyone I know is burned out. Burned out from the lack of separation between work and home life, or because they have to go into work each day with few measures in place to ensure their safety.
Forge CEO Kelly Rodriques. Source: Forge The surging fortunes of a generation of giant start-ups like Robinhood and Chime has sparked a race to create the biggest marketplace to trade shares of private companies. One company with an early lead appears to be Forge, a San Francisco-based start-up originally backed by noted technology investors including
Students wearing protective masks raise their hands in a classroom as a teacher gives a lesson remotely at a public charter school in Provo, Utah, U.S., on Thursday, Aug. 20, 2020. George Frey | Bloomberg via Getty Images It’s a question many a personal finance educator has asked: What’s the best way to engage my
In this article AXP ANA-ES Vice President Kamala Harris (C), Reign Free, Owner of Red Door Catering, Senator Alex Padilla (D-CA) and California Lt. Governor Eleni Kounalakis (D-CA) listen to Luz Urrutia, CEO of Accion Opportunity Fund (front left) and Allison Kelly, Executive Director of Inner City Advisors (Front Right) during a visit to Red
The Roth IRA is one of the largest gifts ever bestowed upon the American taxpayers by congress. While many people ignore the Roth IRA, it has been around for more than 20 years. Even small contributions over time can grow into a substantial amount of tax-free income in retirement. Sadly, the Roth IRA is often
Today’s column addresses questions about when to apply to make sure you’ll receive all of the delayed retirement credits (DRCs) you earned by delaying until 70, eligibility for child disability benefits on a second parent’s record and potential options to increase benefit amounts. Larry Kotlikoff is a Professor of Economics at Boston University and the
This onetime seat of a powerful family in southwestern France took shape over six centuries. Set near the town of Périgueux, the chateau is made up of three interconnected structures built from the 12th through the 18th centuries. Ramparts forming a defensible boundary around the fortified property are still in place. Ramparts forming a defensible
Visitors walk along the Badaling section of the Great Wall in Beijing, China, on Tuesday, May 4, 2021. Yan Cong | Bloomberg | Getty Images BEIJING — Millions of Chinese rushed to travel during the five-day Labor Day holiday, in yet another sign of gradual recovery in domestic consumption. May 1 to 5 marked the
An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Etsy stock dropped more than 9% in after-hours trading on Wednesday after the company reported first-quarter earnings results that surpassed analysts’ estimates, but warned that it expects the total sale of goods
Bin Li, CEO of Chinese electric vehicle start-up NIO Inc., celebrates after ringing a bell as NIO stock begins trading on the floor of the New York Stock Exchange (NYSE) during the company’s initial public offering (IPO) at the NYSE in New York, September 12, 2018. Brendan McDermid | Reuters BEIJING — Chinese electric car
For some homebound travelers yearning for a vacation, the question isn’t whether to book a vacation this year, but when. Enthusiasm for travel is at its highest point in a year, with 87% of American travelers expected to take a trip this summer, according to a survey conducted last week by travel market research company
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