Omar Marques | LightRocket | Getty Images The U.S. government seized an unprecedented $1 billion worth of bitcoin linked to criminal marketplace, the Silk Road. Thousands of bitcoins were taken by law enforcement this week, in what the Justice Department said was the largest seizure of cryptocurrency in the history of the agency. “Silk Road
Since Tuesday, MSNBC national political correspondent Steve Kornacki has been running on fumes, living off Diet Coke with little sleep. Late Thursday night, Kornacki tweeted, “Forget grabbing sleep, there’s still votes coming in in PA. I’m heading back to the studio.” Twitter users urging Kornacki to take a break and change his clothes (he’s know
Americans appear to want divided government, and that could spell good news for growth stocks, CNBC’s Jim Cramer said Wednesday. “Finally, we can stop fretting about politics and start focusing on business and your money again, because a divided Congress and a blue White House … is nirvana for growth stocks,” the “Mad Money” host
bymuratdeniz | E+ | Getty Images The standard monthly premium for Medicare Part B will be $148.50 in 2021, officials announced Friday. The $3.90 increase is 2.7% more than the 2020 figure of $144.60, according to information released by the Centers for Medicare and Medicaid Services. The deductible for Part B, which covers outpatient care,
If Republicans keep the Senate, Joe Biden’s proposed tax hikes on business and the wealthy are … [+] unlikely to become law. Getty Images While there are some votes still being counted (and even more being contested) there is enough certainty to provide at least an early bird take on taxes – in both the
Private outdoor space, like this setting at Brooklyn’s 175 Spencer, is among the must-have amenities … [+] for many of today’s multifamily renters and owners. MNS Even as the mercury slowly ebbs around the much of the country, one big multifamily selling point of summer 2020 continues to carry appeal. The new must-have amenity for
getty Over the summer, the Department of Labor (“DOL”) issued a draft pertaining to how ERISA fiduciaries could (or could not) incorporate social advocacy factors into investment decision making. The ensuing uproar could be heard from coast to coast. There was a good reason for that. “The latest popular incarnation of socially responsible investing is
The U.S. economy added more jobs than expected in October and the unemployment rate fell sharply even as Americans continue to grapple with Covid-19 and its dampening impact on business. The Labor Department reported Friday that nonfarm payrolls increased by 638,000 and the unemployment rate was at 6.9%, both better than expectations of 530,000 jobs added
A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters CVS Health reported a better-than-expected 3.5% jump in third-quarter revenue and raised its 2020 earnings guidance on Friday as its plan to remake the drugstore chain into a health service company paid off. Offering everything
Wells Fargo Securities’ Christopher Harvey won’t buy the post-election bounce. “You want to fade this rally,” the firm’s head of equity strategy told CNBC’s “Trading Nation” on Wednesday. “It’s about stimulus. We now have — or what we believe we have — is [Joe] Biden as president and no longer a blue wave.” Harvey contends
Billionaire investor Leon Cooperman told CNBC on Friday that he was concerned about the long-term outlook for the stock market because “too much debt is being created.” “I think the overwhelming reality is the Fed is just creating this environment of free money. You have to kind of make a judgement whether that’s justified, how
Gary Yeowell | DigitalVision | Getty Images If you worked remotely from a different state while waiting out the pandemic, you just might wind up facing a tax surprise when you file next year. That’s because the longer you work away from your home base, the higher the likelihood you could have tax reporting and
CEO Ravin Gandhi (R) and stars of his film Heidi Johanningmeier (C) and Colin Egglesfield (L). “100 Days to Live” won Best World Premiere at the San Diego Film Festival and Best First-Time Director. Ravin Gandhi As a CEO, I feel it’s healthy to have hobbies which take your mind off the daily stresses of
Ryan LLC is major tax advisor to oil and gas industry getty G. Brint Ryan and Ryan LLC may be transforming the way high end tax practice is done. And it does not appear that the industry is noticing. Ryan’s recent (September 15) $4.25 million investment investment in Incentify LLC, an enterprise tax credit and incentives platform
Elon Musk finds another buyer for one of his Los Angeles properties AFP via Getty Images Elon Musk has had another notch of success in his goal of selling all his Los Angeles properties, which he first offered for sale in a tantalizing series of tweets declaring that he was going to sell almost everything
Wealth Inequality Made The Recession Worse getty Senate Majority leader Mitch McConnell (R-KY) said that an economic stimulus bill will be a top priority after the election. Such a bill could contain money for struggling families and businesses and possibly some assistance to state and local governments. A quick, substantial boost to people’s incomes is
Mo Farah after crossing the finish line in the Antrim Coast Half Marathon. The four-time Olympic gold medalist joined an elite line-up in Larne, County Antrim. (Photo by ) Justin Kernoghan | PA Images via Getty Images Sporting legend Mo Farah has told CNBC that racism in sport “shouldn’t be tolerated” and educating the next
SpaceShipTwo spacecraft Unity during a glide flight test in New Mexico. Virgin Galactic Space tourism company Virgin Galactic reported third quarter results on Thursday with an increased loss as the company looks to fly two more test spaceflights to finish its development program. “During the quarter we made good progress completing the final steps to
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — Just days after the abrupt suspension of Ant Group’s IPO — which was set to be the world’s largest offering — China’s financial authorities emphasized the need to ensure sufficient
It just got easier for residents of major world cities to find the best tipples in town. The World’s 50 Best Bars were announced on Nov. 5 in London via a virtual awards ceremony, with the city’s Connaught Bar clinching the No. 1 spot. The bar — which ranked No. 2 last year — traded