In this article ABNB Rafael Henrique | LightRocket | Getty Images Airbnb reported strong third-quarter profit growth and a beat on revenue estimates Thursday, as the company continues its recovery from Covid-19 and travel returns as vaccinations efforts ramp up worldwide. Shares briefly rose more than 3% in after-hours trading before paring gains. Here’s how
Month: November 2021
Peter Thiel, the billionaire co-founder of PayPal. John Lamparski | Getty Images Entertainment | Getty Images Democrats seem to have spared wealthy Americans like billionaire tech mogul Peter Thiel from big tax bills on their vast Roth retirement savings in legislation unveiled this week. That break is courtesy of new language in a $1.75 trillion
A pedestrian stands in front of a Manhattan condominium building in New York. Mark Abramson | Bloomberg | Getty Images Wealthy real-estate buyers from overseas are expected to descend on the nation’s luxury housing markets Monday, giving a second boost to demand for high-priced apartments and mansions. The U.S. will lift the travel ban on
In this article BA ASTR AMZN Rocket 3.1 launches from Kodiak, Alaska. Astra / John Kraus A flurry of space companies filed requests with the Federal Communications Commission on Thursday for new or expanded broadband networks, asking the regulator for approval of nearly 38,000 total satellites. Amazon, Astra, Boeing, Inmarsat, Intelsat, Hughes Network, OneWeb, SpinLaunch,
nd3000 | iStock | Getty Images There’s a growing number of unmarried couples buying homes together, and without proper planning the move may create future problems. Indeed, 9% of home buyers were unmarried in 2020, according to the National Association of Realtors. While younger millennials, ages 22 to 30 years old, represent 20% of unmarried purchasers,
A man speaks with a woman about openings at a bakery at the Employers Only Long Island Food, Beverage and Hospitality Job Fair on Oct. 19, 2021 in Melville, New York. BRYAN R. SMITH | AFP | Getty Images About 357,000 Americans fell off the long-term unemployment rolls in October, as the labor market’s pandemic
By Craig Miller, Next Avenue Bill McKibben, who has been called America’s foremost environmentalist, never seems to run out of steam. On the contrary, at 60, he’s firing up the boilers of activism again, engaging a whole new demographic — his own — through a climate change campaign that’s part of what he calls Third Act. McKibben’s
There is some good news from the IRS for retirement savers; they have announced an increase to the contributions limits for workers with a 401(k), 403(b) and 457 defined contribution plans for 2022. Larger contributions will allow you to defer more income from taxation. This will be great for high-income Americans who are facing potentially higher
Underscoring the truth to the adage “the rich get richer,” the Hawaii high-end real estate market grew at a record rate through the third quarter of 2021. Transactions in the $3 million to $10 million luxury category rose from 215 for the period last year to 634 so far this year, according to a report
People walk past colorful stores in a pedestrian area of downtown Ithaca, New York on a sunny day. benedek | iStock Unreleased | Getty Images Far from Glasgow and COP26, Ithaca, New York, just made an unprecedented move to tackle climate change and the city’s carbon footprint. In a unanimous vote on Wednesday night, Ithaca’s
In this article PTON Jen Van Santvoord rides her Peloton exercise bike at her home on April 07, 2020 in San Anselmo, California. Ezra Shaw | Getty Images Peloton shares tumbled more than 25% on Thursday, after the company reported weakening sales growth and a wider-than-expected loss in its fiscal first quarter. The company slashed
In this article .STI DBSM-SG SINGAPORE — There are signs that higher prices will become “more entrenched” and harder to reverse, according to the chief executive of Singapore’s largest bank. “You’re beginning to see more entrenched inflation coming through,” Piyush Gupta, CEO of DBS Group Holdings, told CNBC’s “Capital Connection” Friday. “Some of the
It took 1,458 flights and 1,117 buses and trains for Drew Binsky to reach his goal of traveling to every country in the world. And he did it in less than a decade. CNBC spoke with Binsky nine hours after he touched down in his last country — Saudi Arabia — about how he financed
In this article MAXR A close look at the primary mirror of a Worldview Legion satellite during assembly and inspection. Maxar Maxar Technologies‘ stock jumped on Thursday after reporting third-quarter results, with Wall Street analysts welcoming the space company’s progress toward the launch of key satellites next year. The company reported an adjusted EBITDA profit
andreswd | E+ | Getty Images Inflation keeps rising and doesn’t look like it will be coming down anytime soon. Consumer prices jumped in September, a 5.4% increase from September — nearly hitting a 30-year high. That means you’re paying more for energy and housing costs, as well as groceries and other goods. With the
Dementia can disrupt even the coziest living arrangements between unmarried older adults. Cognitive impairment can set your aging parent up for financial manipulation. It’s very convenient for the live-in boyfriend or girlfriend to get into the partner’s bank account by coaching the impaired one to go the bank and take out money. Adult children may
Topline Democrats’ social spending bill, the Build Back Better proposal, currently comes with a price tag of $1.8 trillion, but a nonpartisan report Thursday said the package will also raise about $1.5 trillion in revenue through a slew of new taxes targeting corporations and ultra-wealthy Americans—findings that could help the package find the support it
For the past two years, housing supply has barely kept pace with the growth in housing demand. But there are signs that the market is turning a corner. A new report from Redfin, a technology-powered real estate brokerage, shows the supply of America’s most affordable homes for sale jumped a record 13% year over year in the third quarter as mortgage forbearance
From Jeff Bezos to Tencent, entrepreneur Nipun Mehra has a wealth of investors backing his Indonesian e-commerce start-up, Ula. But as a former start-up investor himself, he had a head start when it came to pitching for funding. Having been an early backer of Southeast Asian ride-hailing company Gojek and other regional start-ups during his
In this article UBER Uber reported its third-quarter results after the bell on Thursday. After an initial dip, shares were up about 1% in after-hours trading. Here’s how Uber did, compared with expectations of analysts surveyed by Refinitiv: Loss per share: $1.28 vs. 33 cents expected Revenue: $4.8 billion vs. $4.4 billion expected Uber reported
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