damircudic | E+ | Getty Images As the IRS struggles with a backlog of millions of returns, the agency has temporarily stopped sending out more than a dozen types of automated notices, including some for unpaid taxes. However, a suspended notice doesn’t mean interest stops accruing on outstanding balances, said National Taxpayer Advocate Erin Collins
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An investor sits in front of a board showing stock information at a brokerage office in Beijing, China. Thomas Peter | Reuters BEIJING — If U.S. regulation forces Chinese companies to delist from New York, new rules from Beijing further complicates their path to raising money in public markets abroad. Since Tuesday, new rules from
Bill Gates said Friday that the risks of severe disease from Covid-19 have “dramatically reduced” but another pandemic is all but certain. Speaking to CNBC’s Hadley Gamble at Germany’s annual Munich Security Conference, Gates, co-chair of the Bill & Melinda Gates Foundation, said that a potential new pandemic would likely stem from a different pathogen
In this article CSCO Cisco CEO Chuck Robbins Pradeep Gaur | Mint | Getty Images Cisco shares rose as much as 5% in extended trading on Wednesday after the enterprise software and hardware maker disclosed fiscal second-quarter earnings that surpassed analysts’ expectations. Here’s how the company did: Earnings: 84 cents per share, adjusted, vs. 81
In this article SPCE Virgin Galactic leaders in front of the New York Stock Exchange, from left: CEO George Whitesides, founder Richard Branson and Chairman Chamath Palihapitiya. Virgin Galactic Virgin Galactic announced Friday that Chairman Chamath Palihapitiya is stepping down from the space tourism company’s board of directors, effective immediately. Palihapitiya’s SPAC, or special purpose
Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau on Friday pledged a crackdown on student loan servicers that flout rules on loan forgiveness for public servants. The government agency said it “plans to prioritize” oversight of student loans in the coming year, with a “specific focus” on monitoring how servicers are engaging with
In this article SPCE ROKU BLMN DLTR SHAK Scott Olson Check out the companies making headlines in midday trading. Roku — Roku shares were down nearly 25% after the company reported revenue for the most recent quarter that fell short of analysts’ forecasts. Roku also issued a weaker-than-expected outlook due to higher component prices and supply
Mike Reynolds, 76, started building “earthships” in Taos, New Mexico, more than half a century ago. For many years, most people thought he was nuts. Why is this idiot using garbage to build with, and why is this idiot trying to make buildings that don’t need utilities?” said Reynolds, summarizing what people thought of him.
Mexican avocados are seen for sale at a market in Mexico City on February 15, 2022. Pedro Pardo | AFP | Getty Images The U.S. Department of Agriculture announced Friday that imports of Mexican avocados could resume after a brief pause. A week ago, one of the USDA’s Animal and Plant Health Inspection Service inspectors
In this article DKNG Shares of DraftKings fell more than 20% Friday morning after it posted fourth-quarter earnings that beat analyst estimates for the quarter but revealed the company expects a greater adjusted loss for 2022 than analysts had projected. Here’s what the company reported: Loss per share: 35 cents, ex-items vs 81 cents estimated,
French luxury goods brand Hermes said Friday it has “no strategy” to significantly increase prices or expand production of its prized products despite disappointing fourth quarter results which saw supply fail to meet demand. Speaking to CNBC, CEO Axel Dumas said the company’s hand-crafted production model means it is less exposed to inflationary pressures, such
A SpaceX Falcon 9 rocket and Dragon spacecraft ahead of the Inspiration4 mission in Merritt Island, Florida, U.S., on Wednesday, Sept. 15, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Elon Musk’s SpaceX is splitting the value of its common stock 10-for-1, CNBC has learned, with the company’s valuation having soared to more than
PeopleImages | iStock | Getty Images There was a time not too long ago when holding “AMT-free” municipal bond funds might have made perfect sense for many investors. These days? Maybe not so much. With a small share of taxpayers subject to the alternative minimum tax, or AMT, since a federal tax overhaul took effect
Many older Americans like to ease into being an ex-worker — but you need to think carefully about just how to get there. Pat Sterner, who runs her own business consulting for nonprofits in Duluth, Minn., would love to retire and spend more time kayaking on Lake Superior. In the summer, she says, her neighbors
In this article SHAK DKNG ROKU BLMN DE DBX Check out the companies making headlines before the bell: DraftKings (DKNG) – The sports betting company’s stock tumbled 13.2% in the premarket, despite a narrower-than-expected quarterly loss and revenue that beat estimates. DraftKings projects a wider-than-expected adjusted loss for the full year as costs continue to
A sold sign is posted in front of a home in Phoenix, Arizona. Justin Sullivan | Getty Images Sales of previously owned homes in January rose 6.7% from December to a seasonally adjusted annualized rate of 6.5 million units, according to the National Association of Realtors. That exceeded Wall Street expectations significantly. Sales were 2.3%
The nation’s museums are facing increased flooding and more frequent wildfires, and all that history inside is at risk. The value at stake is incalculable. Now the rush is on to make the structures more resilient, but funding that will be a feat. The problem is particularly acute at the nation’s Smithsonian museums. At the
In this article ROKU Anthony Wood David Orrell | CNBC Roku shares fell as much as 12% in extended trading on Thursday after the video-streaming company issued fourth-quarter revenue and first-quarter revenue guidance that came in below consensus. Here’s how the company did: Earnings: 17 cents per share, adjusted, vs. 9 cents per share as
In this article TMO Millions of people are now vaccinated, boosted and newly recovered from Covid-19 infections caused by the omicron variant. They have what some outside the medical community have labeled “super immunity.” And many are ready to see the world again. Though the term carries an air of invincibility, medical experts disagree about
Westend61 | Westend61 | Getty Images Long-term care expenses are growing, with sizable hikes for home-based services as the industry struggles to meet soaring demand from aging Americans. That’s according to Genworth’s 2021 Cost of Care Survey, a yearly report covering nationwide senior caregiving. While the median yearly costs rose across all provider types, home-based