President Joe Biden signs executive orders in the Oval Office of the White House in Washington, after his inauguration as the 46th President of the United States, U.S., January 20, 2021. Tom Brenner | Reuters On his first full day in office, President Joe Biden released the details of his sweeping plan to combat the
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eyecrave | E+ | Getty Images The coronavirus pandemic has both shone a light on and exacerbated social inequalities, and consumer goods giant Unilever says it wants to tackle these to help build a more equitable society. Unilever announced on Thursday a strategy on how it plans do so, setting out a list of commitments
Yuriko Nakao | Getty Images Bitcoin slumped for a second day Thursday, taking the digital currency’s losses to more than 10% over 48 hours and wiping off billions of dollars from the crypto market. The price of bitcoin slipped over 6% Thursday to as low as $32,527, falling below the $33,000 level for the first
SINGAPORE — Famed investor Jeremy Grantham on Thursday reiterated his warning that Wall Street is in a bubble as individual traders get “carried away.” “They’re becoming euphoric … They’re borrowing money. They’re trading more shares,” Grantham, co-founder and chief investment strategist at Grantham, Mayo, & van Otterloo told CNBC’s “Squawk Box Asia” on Thursday. In
getty Who would you rather show you how best to save and invest for retirement? An accomplished advertising copywriter? A radiant teacher? A celebrated movie director? If you answered “Yes!” to the above multiple-choice question you’re far more astute than you might give yourself credit for. This is about the above choice in terms of
US President-Elect Joe Biden speaks at Major Joseph R. “Beau” Biden III National Guard /Reserve Center in New Castle Airport on January 19, 2021, in New Castle, Delaware, before departing for Washington, DC. Jim Watson | AFP | Getty Images President Joe Biden on Wednesday plans to extend the payment pause on federal student loans
The U.S. Treasury Department building viewed from the Washington Monument in Washington. (AP … [+] Photo/Patrick Semansky) ASSOCIATED PRESS The Federal deficit has ballooned in the last few years, first because of a 2017 tax-cut bill that failed to produce offsetting revenue, and then because of massive fiscal spending needed to shore up a pandemic-ravaged
President, Director & COO of Inland Private Capital Corporation, recognized as the industry leader in securitized 1031 exchanges. getty Last year was a bit different for the securitized 1031 market and its investors, as the industry experienced a cooling effect in demand throughout April and into May 2020. In response to the Covid-19 pandemic, many buyers
A Boeing 787 Dreamliner operated by United Airlines takes off from Los Angeles International Airport. Getty Images United Airlines on Wednesday posted a fourth-quarter loss and warned sales would continue to suffer in the early part of 2021 as the coronavirus pandemic drags on. Here’s how United performed in the quarter, compared with what Wall
Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. Aly Song | Reuters BEIJING — A Tesla Model 3 exploded in an underground residential parking garage in Shanghai on Tuesday, Chinese media reported. No people were injured in the fire, Tesla said in a
Federal Reserve Board Chairman Jerome Powell testifies during a Senate’s Committee on Banking, Housing, and Urban Affairs hearing in Washington, DC, U.S., September 24, 2020. Drew Angerer | Reuters There likely will be no nasty tweets in the middle of the night excoriating the Federal Reserve to lower interest rates. Nor will its officials be
A customer purchases Powerball lottery tickets for a $700 million jackpot at a newsstand in New York City, August 23, 2017. Brendan McDermid | Reuters The Mega Millions jackpot has continued its march toward $1 billion. With no ticket matching all six numbers drawn Tuesday night, the top prize is now an eye-popping $970 million
Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. U.S. stock futures were flat in overnight trading on Wednesday after the major averages hit record highs on inauguration day. Dow futures rise 14 points. S&P 500 futures ticked 0.04% higher and Nasdaq 100 futures rose 0.13%.
President Joe Biden delivers his inaugural address on the West Front of the U.S. Capitol on January 20, 2021 in Washington, DC. During today’s inauguration ceremony Joe Biden becomes the 46th president of the United States. Alex Wong | Getty Images President Joe Biden on Wednesday is expected to extend the federal ban on evictions
US President Barack Obama, alongside Secretary of Education Arne Duncan (R) and High School Senior … [+] Amirah Delwin (L), speaks with graduating seniors and their parents during a roundtable discussion on the interest rates of federal subsidized student loans at Washington-Lee High School in Arlington, Virginia, May 4, 2012. Without Congressional intervention, student loan
getty Retired IRS economist Kim Bloomquist discusses his findings of geographic — and perhaps race and class — bias in the tax agency’s selection of audits. This post has been edited for length and clarity. William Hoffman: Welcome to Tax Notes Talk, Kim Bloomquist. Kim Bloomquist: Thank you for inviting me. William Hoffman: You worked for the IRS for 20 years
A robotic kitchen was revealed this year at the 2021 digital Consumer Electronics that can prepare … [+] thousands of recipes and clean up afterwards. Black Edge Productions During the pandemic, we have been locked up tight at home, feeling a drag from the redundancy of trying to make meals day in and day out.
President-elect Joe Biden has picked Dr. Anthony Fauci to lead a U.S. delegation at the World Health Organization’s annual meetings this week, reversing outgoing President Donald Trump’s plan to withdraw from the international aid group. The new administration plans to work with the WHO on an international Covid response plan as one of Biden’s first
James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, on Thursday, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Wednesday. Here’s what Wall Street expects: Earnings: $1.27 a share, 2.4%
Reed Hastings, CEO of Netflix Getty Images Netflix reported earnings for the fourth quarter of 2020 after the bell on Tuesday, announcing it is “very close” to being free cash flow positive and is considering stock buybacks. This year, it expects to be around break even on cash flow. The stock was up about 12% after