Mastercard reports in spite of hurdles from supply chain disruptions and a Covid-19 resurgence, retail sales were up 8.5% between November 1 and December 24, vis-à-vis the year before. But once holiday season concluded, another kind of work commenced. A robust holiday shopping season resulted in retailers being inundated with returns and exchanges. In the
Month: January 2022
Bangkok revels in its status as a culinary mecca. From wizened street vendors who perform alchemy with sizzling woks to whiz-kid chefs who are shaping the fine dining scene, the city lays claim to one of the world’s most multifaceted food scenes. That’s why eating is a thread that runs through even a short stay
U.S. stock index futures fell in overnight trading Monday, after a wildly volatile session that saw the Dow erase a more than 1,100 point decline to finish the day in positive territory. Futures contracts tied to the Dow Jones Industrial Average lost 211 points, or 0.6%. S&P 500 futures dropped 0.8%, while Nasdaq 100 futures
There are “encouraging signs of recovery” in Singapore’s tourism sector, according to the Singapore Tourism Board. Visitor arrivals reached 330,000 and tourism receipts reached an estimated $1.9 billion Singapore dollars ($1.4 billion) in 2021, according to data published today by the nation’s tourism board. These numbers, however, are down from 2020, when Singapore received 2.7
Jim Cramer Scott Mlyn | CNBC It’s been a bloody few weeks for once high-flying tech stocks and CNBC’s Jim Cramer believes there is still a bit more carnage to go for some parts of the market. “Tomorrow you got to do some selling…if you own stocks that are selling at a multiple to sales…those
luza studios | E+ | Getty Images Private health insurers are rolling their procedures for people to get their at-home Covid tests at little to no charge. The Biden administration announced the policy toward the end of last year ordering insurers to reimburse those they cover for the tests, and additional guidance was put out
Retirees who have assets in an IRA and make contributions to charities can use qualified charitable distributions (QCD) to reduce their federal income taxes. However, there are a few key rules you must comply with, or you could lose the tax savings. Background The Tax Cuts and Jobs Act (TCJA), passed during the Trump administration,
In this article ETH.CM= BTC.CM= Charts suggest the selling in the world’s two largest cryptocurrencies may run its course soon, CNBC’s Jim Cramer said Monday, leaning on analysis from veteran technician Tom DeMark. “When the charts, as interpreted by Tom DeMark, say that both bitcoin and ethereum could be looking at downside trend exhaustion bottoms
In this article IBM SVP and Director at IBM Research Arvind Krishna speaks on stage during the 2016 Wired Business Conference on June 16, 2016 in New York City. Brian Ach | Wired | Getty Images IBM shares jumped as much as 7% in extended trading on Monday after the software and services company said
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Short sellers are reaping huge profits this year, as the stock market’s brutal bloodbath fuel their bearish bets. The short-selling cohort has gained $114 billion in January mark-to-market profits as of Friday’s close, up 11.6% for the year, according to
Traders work on the floor of the New York Stock Exchange (NYSE) on February 5, 2018 in New York City. Getty Images It was a wild day for stocks on Monday, adding to the market’s shaky start to 2022. The Dow Jones Industrial Average fell as much as 1,000 points, before coming back to close
Cabania | iStock | Getty Images Plus You can start filing individual income tax returns on Jan. 24, but there may be refund delays as the IRS combats a backlog and limited staffing, according to Treasury officials. However, there may be ways to get your money faster, financial experts say. Although refunds are typically sent
US President Joe Biden speaks about the September jobs report from the South Court Auditorium at the White House in Washington, DC, on October 8, 2021. Olivier Douliery | AFP | Getty Images The U.S. government has sent an unprecedented amount of aid to Americans amid the Covid-19 pandemic. Yet the latest efforts to deploy
Hong Kong is culling (cute) pet hamsters by the thousands in a fierce effort to stop the spread of SARS-CoV-2 infection. Experts say there is little risk from getting infected from an animal. But when a HK pet store owner had tested positive for COVID-19, tests found that the shop’s hamsters imported from The Netherlands
No one likes receiving Forms 1099, since they saddle you with income you have to report. Actually, of course, if you have income, you must report it, whether or not you receive a Form 1099. But think of the Form 1099 as a pretty strong nudge, you better list it. And seeing the dollars reported
In this article PTON A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images An activist is pushing Peloton to fire its chief executive officer and consider a sale as its share price has plummeted, according to a person familiar with the matter. Blackwells Capital,
Take a look at some of the biggest movers in the premarket: Kohl’s (KSS) – Kohl’s soared 27.3% in premarket trading as takeover interest in the retailer ramps up. Starboard-backed Acacia Research is offering $64 per share for Kohl’s, compared to Friday’s close of $46.84 a share. People familiar with the matter say private-equity firm
Former Goldman Sachs CEO and Chairman Lloyd Blankfein said that his view of cryptocurrencies has evolved after digital assets attracted trillions of dollars in value and a rapidly growing ecosystem. On Monday, Blankfein was asked by CNBC’s Andrew Ross Sorkin for his view on the nascent asset class, who noted that the former banker has
Witthaya Prasongsin | Moment | Getty Images Interest rates may be going up in 2022 — and a bond ladder is one way for investors to manage the risk. Prices for existing bonds generally fall as interest rates (or yields) rise, since the yields on new bonds look more attractive by comparison. That dynamic played
Hannah Kohr made a career change after quitting her job during the “Great Resignation.” Courtesy: Hannah Kohr Hannah Kohr started reassessing her career as a library assistant shortly after the Covid-19 pandemic hit. She had spent the majority of her time at the Cleveland Public Library helping families with basic needs such as food, housing
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