In this article RKLB The 16th Electron launch in November 2020, when the company recovered the rocket after splashdown for the first time. Rocket Lab Rocket Lab began trading on the Nasdaq on Wednesday, becoming the latest space company to close a SPAC merger and go public — and adding substantially to its cash pile
Month: August 2021
Isn’t it odd, but no matter how long you’ve been in business, you know if you want to continue your success you must continue to ask seemingly simple questions? Why? Because the answer to the same question evolves over time. To choose a culinary metaphor, consider the answer to the question “How long will it
We know the pandemic and the policy response to it dramatically increased the number of households that did not pay federal individual income tax in 2020 and will do so again this year. The bump was transitory, caused by a troubled 2020 economy and enactment of massive but temporary tax cuts. But what would happen
Getty Images The first installment of the child tax credit lifted 3 million kids out of poverty in July, according to a Columbia University study. That reduction represented a 25% cut in the monthly child poverty rate, to 11.9% from 15.8%, according to the analysis published Friday. “This is huge for low-income families,” Zachary Parolin,
As travel restrictions to and from foreign countries continue to tighten, I’ve sourced luxury properties and must-see dream homes from Forbes Global Properties members that will transport you to those foreign shores. If you are considering buying a chateau in France or an apartment in Hong Kong, you might find a must-have property to add
A Dick’s Sporting Goods store Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods shares rose on Wednesday after the retailer reported sales growth of 21% in the fiscal second quarter and raised its outlook for the year. Shares were up about 11% in premarket trading. The big-box retailer’s sales have soared during the
A Warby Parker’s store in The Standard, Los Angeles, California. Michael Buckner | Getty Images Eyeglass brand Warby Parker has lost money or broken even over each of the past three fiscal years — and warned it may face headwinds as it tries to turn a profit as a public company, according to documents filed
In this article URBN SAVA EXPR JNJ DKS SCVL Check out the companies making headlines before the bell: Dick’s Sporting Goods (DKS) – The sporting goods retailer’s shares jumped 4.9% in the premarket, as its quarterly earnings beat estimates. The company also announced a $5.50 per share special dividend and a 21% increase in its
Four years ago, my wife and I had a combined $40,000 debt that we were struggling to pay off. We were living paycheck to paycheck, had no savings, and we weren’t tracking our spending or our overall money goals. At times, we would sell some of our clothes to thrift shops to get gas money
A rendering of the Series2 cargo lunar lander on the moon’s surface. ispace Japanese lunar exploration start-up ispace unveiled the next-generation of its cargo lander, under development by its U.S. subsidiary in Colorado. “We saw the growing demand for payloads to the lunar surface. NASA’s Artemis program was a big part of this, but we’re
Peter Cade | Getty Images Most retirees — including those with less wealth — aren’t tapping their nest eggs before their required withdrawals, according to research from J.P. Morgan Asset Management and the Employee Benefit Research Institute. Some 80% of the retirees studied didn’t withdraw money from accounts before their required minimum distributions, known as
The McKinsey Consulting Group launched their “American Opportunity Survey” in May 2021 and concluded the results “put a spotlight on how Americans view their economic opportunity, the obstacles they face, and the path ahead to create a more inclusive economy.” McKinsey used opinion-polling firm Ipsos to survey 25,000 Americans in the spring of 2021. Their
In a recent report co-authored with University of Chicago Professor Daniel Hemel, I described how our retirement tax system favors the rich disproportionately. But it’s worse than that: Our system of generous tax subsidies for retirement savings—such as 401(k) plans, other defined contribution plans, and individual retirement accounts (IRAs)—also exacerbates racial inequities. Due in part to
Getty Images Divorcing parents often have plenty to navigate. And the latest stimulus package has dumped even more onto the negotiating table in the form of enhanced tax credits. The $1.9 trillion American Rescue Plan provided Covid-19 relief for millions of Americans, including increases to three write-offs in 2021: the child tax credit, the earned
Hydrogen fuel cell vehicles are set to become a major player in China’s commercial truck market, predicts JPMorgan’s Elaine Wu. “Currently, the fuel cell vehicles account for less than 5% of the commercial truck market in China and that could grow to about one-third of total market share in 2050,” Wu, head of Asia ex-Japan
In this article JWN A shopper leaves a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images Nordstrom shares fell Tuesday after the department store chain reported fiscal second-quarter sales remained below pre-pandemic levels. Compared with a year earlier, sales more than doubled, as shoppers used Nordstrom’s anniversary sale as
U.S. stock index futures were little changed during overnight trading Tuesday, after the S&P 500 and Nasdaq Composite closed at record highs during regular trading. Futures contracts tied to the Dow Jones Industrial Average gained 18 points. S&P 500 futures and Nasdaq 100 futures were modestly higher. The S&P 500 advanced 0.15% on Tuesday for
Carlina Teteris | Moment | Getty Images Roth accounts are available in more 401(k) plans than ever. Retirement savers aren’t rushing in. About 75% of employers with a workplace 401(k) allowed employees to save money in a Roth account in 2019 — up from 69% the year prior and 46% a decade earlier, according
American flags in front of Goldman Sachs Group Inc. headquarters in New York, on Friday, March 5, 2021. Michael Nagle | Bloomberg | Getty Images Goldman Sachs said that only vaccinated people can enter its buildings starting next month. The leading global investment bank said that the new policy starts Sept. 7 and applies to
For many people reading this, Social Security is your largest retirement asset. For decades you have likely seen payroll taxes debited from each paycheck. Here are a few things everyone should know about Social Security benefits. Marital Status Could Impact Your Benefits Those who are married should coordinate with your spouse as to when you
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