CNBC’s Jim Cramer said Wednesday he trimmed some of his ether holdings after the world’s second-largest cryptocurrency by market value notched a series of record highs. “I sold half my Ethereum yesterday … and I put some money down to own a Hummer,” Cramer said on “Squawk on the Street,” referring to the upcoming all-electric vehicle from
Month: May 2021
An eviction notice in Los Angeles. Lucy Nicholson | Reuters Federal Judge Dabney Friedrich struck down on Wednesday the national eviction moratorium, potentially leaving millions of Americans at risk of losing their homes. The Centers for Disease Control and Prevention has banned most evictions across the country since September. President Joe Biden has since extended
Chairs and tables are seen outside a closed restaurant in Washington D.C., the United States, on April 24, 2020. Liu Jie | Xinhua via Getty Images After a year of unthinkable challenges for the restaurant industry, targeted aid is on its way. The Small Business Administration’s Restaurant Revitalization Fund opened its portal Monday, allowing hard-hit
Rules of thumb are common in financial literature. Who can disagree with “buy low, sell high” or “decrease your risk exposure by diversifying your portfolio”? Author and retirement planner Dana Anspach, CFP®, RMA®, observes that these kinds of rules of thumb can be useful to point the way, but beyond that, may lose their value. In
In his American Families Plan, President Biden unveiled a tax compliance initiative aimed at closing the gap between taxes that are owed and what are paid. Most of the anticipated revenue, which the Administration estimated at $460 billion over 10 years, would come from requiring financial institutions to report account information that Treasury says would
Bill and Melinda Gates’ divorce announcement is likely to spark one of the largest divisions of personal assets in history. Bill Gates is presently the world’s fourth-richest person, with a $130.5 billion fortune, stemming from his $25 billion stake in Microsoft, a host of publicly traded investments and a collection of ultra-luxury properties scattered across
People aged 18 and over waiting to be inoculated against Covid-19 at a vaccination centre at Radha Soami Satsang grounds being run by BLK-Max hospital on May 4, 2021 in New Delhi, India. Hindustan Times | Hindustan Times | Getty Images With India experiencing a devastating second wave of the coronavirus pandemic, questions are being
In this article PFE A woman holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in front of displayed Pfizer logo in this illustration taken, October 30, 2020. Dado Ruvic | Reuters Pfizer on Tuesday reported $3.5 billion in first-quarter sales of its Covid-19 vaccine with German drugmaker BioNTech.
In this article XTANX-O NOVA SEDG ENPH choja | E+ | Getty Images Solar stocks declined on Tuesday, building on recent weakness, as companies warn about the impact of supply chain bottlenecks and parts shortages. The Invesco Solar ETF, which tracks the space, slid 7%, bringing its one-month decline to 15%. SolarEdge was the biggest
Sotheby’s announced Tuesday it will accept bitcoin and ether in an upcoming auction of Banksy’s “Love is in The Air.” It represents the first time a major auction house will accept the two cryptocurrencies as payment for a physical piece of art, according to Sotheby’s. The winning bidder can also pay in U.S. dollars. “What
CNBC’s Jim Cramer said Tuesday he owns ether, the world’s second-largest cryptocurrency by market value. “I’ve got a lot of ether,” Cramer said on “Squawk Box,” explaining he initially acquired it in order to bid on nonfungible tokens, or NFTs, being auctioned in March by Time magazine. “I didn’t get it, so I just kept
Austin Hossfeld and his wife, Hayley. Photo: Austin Hossfeld Every day, Austin Hossfeld types the same words into Google: “Biden” and “student loans.” “A lot of the times, it’s the same articles,” Hossfeld, 26, said. “I reread them. “At night, I talk to my wife about it.” Like so many other Americans, the Carroll, Ohio,
Employers across the country are crafting plans to bring workers back to the office as Covid-19 vaccination rates rise and pandemic restrictions ease. Those decisions could have an outsize impact on restaurant sales for businesses located near city centers and office buildings, according to celebrity chef Ming Tsai. “We don’t know the new normal,” Tsai
Back last month, I observed that supporters of greater federal government funding of child and eldercare, in the form of the American Jobs Plan spending, had taken to calling this “infrastructure spending” by redefining infrastructure away from referring to basic physical systems such as roads, electric or water systems, to a new meaning of “job-enabling
If you live in California, you likely know it is one of the highest-taxed states when it comes to income taxes; there is some good news for those worried about estate taxes. California is part of the 38 states that don’t impose their own estate tax. Keep in mind; this does not necessarily mean that
Heading into the anniversary of the onset of Covid-19 in the U.S., the New York City multifamily market continued to experience low transaction and dollar volume both as a result of the pandemic and the ongoing effects of the Housing Stability and Tenant Protection Act of 2019. According to research from Ariel Property Advisors, the
In this article GT Goodyear Tire & Rubber CEO Rich Kramer told CNBC Tuesday that he doesn’t expect a looming shortage in rubber to hurt the tire manufacturer. Concerns over a low supply of rubber, made from rubber trees mostly grown in Southeast Asia, is the latest problem facing automakers already struggling with a lack
In this article LYFT Ride-hailing company Lyft showed continued signs of pandemic recovery in its first-quarter earnings report Tuesday. The company beat on the top and bottom lines and exceeded Wall Street’s rider expectations for the quarter. Shares of Lyft were up 7% in after-hours trading following the report. Here are the key numbers Lyft
Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE U.S. stock futures were flat in overnight trading on Tuesday following a session defined by major weakness in technology stocks. Dow futures rose just 12 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures dipped 0.05%. In after-hours
A pregnant Elizabeth Holmes appeared in court for the first time in 15 months for three days of hearings that will set the stage for her criminal fraud trial. At Tuesday’s session in the San Jose federal courthouse, Judge Edward Davila allowed only Holmes, her defense attorneys and the prosecution inside. As Holmes walked into
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