For the last 35 years, banks have made floating rate loans based on an interest rate index called the London Interbank Offered Rate (LIBOR), which was determined using interest rate quotes from a panel of money center banks. In the real estate business, LIBOR loans have historically been priced in one-month intervals, with the rate
Month: November 2021
CNBC’s Jim Cramer on Tuesday cheered General Electric‘s plan to break itself up into three standalone companies focused on energy, aviation and health care. While the eventual separation of the American industrial conglomerate may be symbolically somber, the “Mad Money” host said it’s the correct and necessary financial move, and he trusts GE’s chief executive,
In this article DASH DoorDash announced Tuesday it’s acquiring Wolt, a food delivery platform that’s expanded into groceries and retail, in an all-stock transaction valued at $8.1 billion. The move is an effort to accelerate the company’s international growth. Shares of DoorDash popped more than 24% in after-hours trading following an initial dip. Wolt has about
U.S. equity futures were lower on Tuesday night as investors await key data on Wednesday that’ll be the next big indicator of how much rising price pressures are accelerating. Dow Jones Industrial Average futures dropped 117 points. S&P 500 futures and Nasdaq 100 futures both also traded in negative territory. In regular trading, the Dow
Former Theranos CEO Elizabeth Holmes leaves after a hearing at a federal court in San Jose, California, July 17, 2019. Stephen Lam | Reuters SAN JOSE, CALIF. — In the final two years of Theranos the company’s lab director, Kingshuk Das, says CEO Elizabeth Holmes ignored his repeated complaints about serious errors with the start-ups
A prototype vehicle launches out of the company’s suborbital accelerator during its first test flight on October 22, 2021 at Spaceport America in New Mexico. SpinLaunch SpinLaunch, a start-up that is building an alternative method of launching spacecraft to orbit, conducted last month a successful first test flight of a prototype in New Mexico. The
Douglas Sacha | Moment | Getty Images Thousands of Americans living abroad received stimulus checks during the Covid-19 pandemic, according to federal data. While that may sound incongruous with the notion of “stimulus” for the U.S. economy, lawmakers generally had a sound rationale for sending funds overseas, according to tax policy experts. “They are casting
Eighteen months into the pandemic, many Americans are sick and tired of being sick and tired. In the early months of the pandemic, many experts recognized that, along with the serious health risks of the coronavirus, the steps required to control the pandemic such as school and business closures and social distancing were posing their
If you’re an executive or key employee, you may be eligible to participate in your company’s nonqualified deferred compensation (NQDC) plan, along with receiving grants of stock options or restricted stock. For NQDC plan participants, year-end is the time to make like an autumn squirrel and decide how much to store for the future. In
Eco-friendly, energy-saving home features aren’t just good for the environment—they’re also good for your wallet, and for making your listing stand out from the competition. If you’re thinking about selling or renovating your home, trying to lower your energy output, or simply want to save money on your monthly bills, you’ve come to the right
Quarterback Aaron Rodgers #12 of the Green Bay Packers watches from the sidelines during the second half of the NFL game at State Farm Stadium on October 28, 2021 in Glendale, Arizona. The Packers defeated the Cardinals 24-21. Christian Petersen | Getty Images The National Football League has fined the Green Bay Packers and their
In this article BTC.BS=-USS COIN Coinbase, the largest cryptocurrency exchange in the U.S., reported third-quarter earnings after the bell on Tuesday and missed analysts’ estimates on revenue. The stock sank more than 13% in extended trading. Here’s how Coinbase did compared with analyst estimates: Earnings: $1.62 a share Revenue: $1.31 billion vs. $1.57 billion consensus
In this article XRP.CM= Ripple CEO Brad Garlinghouse speaks onstage during Day 1 of TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch Fintech start-up Ripple on Tuesday said it’s launching a new product that lets financial services firms offer their customers the ability to buy and sell cryptocurrencies. The San Francisco-based company
In this article NCLH DIS CCL U.S. News & World Report on Tuesday published its ranking of the “best” cruise lines of 2022. The publication evaluated 17 cruise lines through a combination of expert evaluations (30%), traveler reviews (50%) and health ratings published by the U.S. Centers for Disease Control and Prevention’s Vessel Sanitation Program
NASA Administrator Bill Nelson speaks at a press briefing at the Kennedy Space Center in advance of the launch of the Boeing Starliner Orbital Flight Test 2. Paul Hennessy | LightRocket | Getty Images NASA on Tuesday delayed its plans to return astronauts to the surface of the moon, announcing the agency is targeting 2025
skynesher | E+ | Getty Images It’s no secret that there is a gender pay gap in the U.S. Women earned just 84% of what men made in 2020, according to the Pew Research Center. Consequently, it would take female workers an extra 42 days to make the same income men did that year. Now,
Today’s Social Security column addresses questions about whether you can be eligible for later spousal benefits if you take early retirement benefits, working while receiving disability benefits and whether a parent’s widow’s benefit is set at the correct amount. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of
Professor Goldburn P. Maynard Jr. of the Indiana University Kelley School of Business discusses the U.S. tax code’s effect on wealth inequality and how race has shaped the distribution of wealth. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today
Thursday, November 11 is Veteran’s Day in the United States, when we honor those who have served in our nation’s armed services. According to the Veteran’s Administration, more than 185,000 of the vets who have received care in one of their facilities have been diagnosed with a traumatic brain injury (TBI), and between 11% and
Tesla Model 3 electric vehicles at a Hertz neighborhood location. Hertz Shareholders of Hertz Global Holdings increased the size of their public offering of shares by 20%, ahead of plans to relist the stock Tuesday on the Nasdaq under the ticker symbol “HTZ.” The Estero, Florida-based car rental company late Monday said the pricing of
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