LONDON, UNITED KINGDOM — FEBRUARY 03: The 555.55 Carat Black Diamond known as “The Enigma” is seen at British auction house Sotheby’s, in London, United Kingdom on February 03, 2022. Anadolu Agency | Getty Images LONDON — A billion-year-old black diamond, which is thought to be the largest cut in the world, was bought using
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People shop at a Los Angeles retail outlet on Jan. 28, 2022. FREDERIC J. BROWN | AFP | Getty Images High inflation overshadowed a big increase in wages over the past year, amounting to a nearly 2% smaller paycheck for the average worker, according to federal data published Thursday. Employers have raised wages at about
andresr | E+ | Getty Images Almost two years into the Covid-19 pandemic, many small businesses are still struggling. While financial assistance for those impacted by the crisis has ended, some of the hardest hit industries, including gyms, hotels and restaurants, are pushing for more relief. For many, the omicron surge dealt a big blow.
Zhao Changpeng, founder and chief executive officer of Binance, speaks during an interview in Singapore, on Nov. 19, 2021. Wei Leng Tay | Bloomberg | Getty Images Binance, the world’s biggest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, the 104-year old magazine and digital publisher, CNBC has learned. The funds will
The economic harms of the gross receipts tax (GRT) were well understood by the early 20th century. Not only is the tax inequitable, but it is also inefficient and distortionary. That is why most states abandoned GRTs in the early 1900s, as states developed the capacity to administer less harmful taxes. Unfortunately, some policymakers in
President Joe Biden speaks during a visit to the General Motors Factory ZERO electric vehicle assembly plant, Wednesday, Nov. 17, 2021, in Detroit. Evan Vucci | AP The Biden administration this week rolled out a plan to allocate $5 billion to states to fund electric vehicle chargers over five years, as part of the bipartisan
A sign above the entrance to the Credit Suisse Group AG headquarters in Zurich, Switzerland, on Monday, Nov. 1, 2021. Thi My Lien Nguyen | Bloomberg | Getty Images LONDON — Credit Suisse on Thursday announced that it swung to a loss in 2021, after a tumultuous year led to a significant increase in litigation
Brothers91 | E+ | Getty Images Tax season is underway — and the IRS is warning of a likely increase in scams targeting taxpayers. Agency officials are sounding the alarm on “IRS impersonation scams,” in which criminals pose as IRS agents to try stealing money or personal information. The latter can lead to identity theft
In this article 9984.T-JP The current interest rate environment could favor Japanese conglomerate SoftBank Group’s strategy of long-term investing as it looks to buy earlier stage tech companies at lower valuations, according to CLSA’s Oliver Matthew. With prices of potential acquisitions now coming down as investors brace for higher rates, Matthew told CNBC’s “Squawk Box
The Internal Revenue Service has started sending letters to taxpayers who received advance Child Tax Credit (CTC) payments or the third round of stimulus checks. If you received both or either of these payments, keep an eye on your mailbox and hold onto these IRS letters! They will help you file an accurate income tax
This is an excerpt from the CNBC Make It newsletter. Subscribe here. If you’ve been paying attention to headlines (or your own lease renewal) then you’ve likely seen that rent is higher than it was a year ago. A lot higher. Putting a larger share of your income toward rent is, obviously, bad for your finances
Another day — another border reopens. In the past two weeks, a slew of countries announced plans to reopen or relax border restrictions. This includes places that have maintained some of the strictest pandemic-related border controls in the world. The announcements come on the heels of a record-setting period of global infections. According to
FatCamera If you’re hoping to generate income from your investment portfolio, closed-end funds could be one piece of the puzzle. These funds come with more risk than, say, U.S. Treasurys, yet also can provide decent yields that may have a place in the fixed-income portion of your investment portfolio. And sometimes, they give you a
In this article DIS Bob Chapek, CEO of the Walt Disney Company and former head of Walt Disney Parks and Experiences, speaks during a media preview of the D23 Expo 2019 in Anaheim, California, Aug. 22, 2019. Patrick T. Fallon | Bloomberg via Getty Images Disney is set to report earnings for its fiscal first
Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 30, 2013. Andrew Harrer | Bloomberg | Getty Images Securities and Exchange Commission Chairman Gary Gensler kicked off an ambitious regulatory agenda this year – and his agency is pushing forward
sturti The Covid-19 pandemic has made it difficult for people to answer big questions about their futures, and many financial planners are underestimating the financial anxiety that is causing, according to a survey. A majority of financial planning clients — 71% — report experiencing financial anxiety at least half of the time, according to researchers
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The Federal Reserve Bank of Boston today announced that Dr. Susan M. Collins will be its next president, CEO. Courtesy: Federal Reserve Bank of Boston. The Boston Federal Reserve, which is heading the central bank’s potential foray into digital currency and saw its leader resign last year amid a stock-trading controversy, has a new leader.
Real estate agents leave a home for sale during a broker open house in San Francisco, California. Justin Sullivan | Getty Images Anyone out there searching for a new place to live knows there is not much to buy. Total supply and new listings are at record lows, and that means that what is on
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