SINGAPORE — Stocks in Asia-Pacific struggled for direction in Thursday trade, as concerns over the economic impact of the omicron Covid variant continue to weigh on investor sentiment. Hong Kong’s Hang Seng index rose 0.38%, reversing earlier losses. Shares of Razer in the city, however, dropped more than 12% in choppy trade. The company said
Month: December 2021
A QR code for digital payment services WeChat by Tencent and Alipay by Ant Group, an affiliate of Alibaba Group, is displayed at a parking lot on December 27, 2020, in Yichang, Hubei province of China. Wang Jianfeng | Visual China Group | Getty Images GUANGZHOU, China — Barriers between China’s tech rivals like Alibaba
If SpaceX really is staring down a potential bankruptcy, at least it wouldn’t be the first time. On Tuesday, CNBC obtained a copy of a letter that SpaceX CEO Elon Musk sent to his employees the day after Thanksgiving, in which the billionaire said the rocket company could be at “genuine risk of bankruptcy,” unless
In this article F AMD NVDA CNBC’s Jim Cramer said Wednesday he’s not ready to sell any shares Nvidia yet, even though he recently booked some profits in two other big charitable trust winners Advanced Micro Devices and Ford. Cramer told “Fast Money Halftime Report” he believes that Nvidia could be a $10 trillion stock
SolStock | E+ | Getty Images Looking for a meaningful holiday gift? Consider putting money toward a child’s future education costs. Nearly half of parents (45%) may ask family and friends this year to contribute to a 529 college savings plan for their kids, according to a survey from the College Savings Foundation. That compares
No one likes sudden change. We like to ease into things – transition with time. Yet we talk about retirement as an event. One day you’re a working stiff; the next day, you’re a retiree. Wouldn’t it be nice if you could phase into retirement? With planning, you can. So-called “phased retirement” is a hot
A prediction: When Congress finally passes the Build Back Better bill, Hill leaders will quietly slip in at least one obscure, last-minute tax break to benefit an elite group of wealthy taxpayers. Few lawmakers will know it is there. Journalists won’t discover it until after the measure has passed. It won’t be the first time.
Shopping for a new home in late November most likely gave frustrated buyers little to be thankful for as demand for homes continued to outpace supply. The number of homes for sale hit an all-time low during the week ending November 28, according to a new report from Redfin, a technology-powered real estate brokerage. During that period,
Loading chart… Carnival Corp.: “No, too early, too early. The one is Norwegian. That’s the one that’s got the best balance sheet, and the best situation, then maybe we can go down to Carnival later.” Loading chart… Fulgent Genetics: “This stock is a mystery to me. It’s a company that’s doing quite well. I think
In this article SNOW Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO. He is known as a demanding leader, and straight shooter. “I’ve often been in board meetings at other companies and the CEO will put up a list of 10 priorities … well, that’s the same as having no priorities,”
In this article HRB Jack Dorsey (L), CEO of Square and CEO of Twitter, live casts video while standing outside the New York Stock Exchange for the IPO of Square, in New York November 19, 2015. Lucas Jackson | Reuters Square is renaming itself Block as it focuses on technologies like blockchain and expands beyond
CEOs and corporate insiders have sold a record $69 billion in stock in 2021, as looming tax hikes and lofty share prices encourage many to take profits. From Satya Nadella at Microsoft to Jeff Bezos and Elon Musk, CEOs, founders and insiders have been cashing in their stock at the highest pace on record. As
Federal Reserve Chair Jerome Powell testifies before a Senate Banking Committee hearing on the CARES Act Oversight at the Senate Office Building on Tuesday, Nov. 30, 2021 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images The market is facing a conundrum. Federal Reserve Chair Jerome Powell has thrown a monkey wrench
vitapix | E+ | Getty Images It’s a small but growing focus in the environmental, social and governance investing movement: gender equity. So-called gender-lens investing prioritizes companies with higher representation of women on their boards and in management positions, as well as those that score well on pay equity and other workplace policies that especially
Rohit Chopra, director of the Consumer Financial Protection Bureau. Alex Edelman/Bloomberg via Getty Images The Consumer Financial Protection Bureau is cracking down on banks charging fees for customers who overdraw their checking accounts, the bureau announced Wednesday. The financial watchdog is planning a “range of regulatory interventions” targeting firms that rely heavily on overdraft fees
If you inherited an individual retirement account (IRA) in 2021 from someone who was taking RMDs (required minimum distributions), are you aware that you might need to take action before the year ends? You, the beneficiary, may face a steep penalty if the deceased owner did not withdraw his or her full RMD for 2021.
Robert Goulder of Tax Notes and professor Daniel N. Shaviro of New York University School of Law discuss generational swings in the U.S. appetite for residence-based taxation of multinationals’ foreign profits. This transcript has been edited for length and clarity. Robert Goulder: Hello everyone. I’m Bob Goulder with Tax Notes. Welcome to the November edition of “In the Pages.”
The year ahead is likely to see further improvement in commercial real estate markets as the economy continues to recover from the Covid-19 pandemic. There are both upside and downside risks to the outlook. Here are the top ten developments to follow, ranked in order of increasing importance: 10. Commercial transactions volumes, property prices, and cap
Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – General Motors plans to form a new joint
A trader works on the floor of the New York Stock Exchange (NYSE) on November 29, 2021 in New York City. Spencer Platt | Getty Images The red-hot SPAC market could have an ESG problem. Securus Technologies, a prison services company that makes profit from charging families of the incarcerated for phone calls, is in