In this article KR More Americans may have returned to the office, classroom and restaurants, but Kroger CEO Rodney McMullen said sales in recent months prove some stay-at-home trends are sticking. “An awful lot of customers learned how to cook and they really enjoy it,” he said Thursday on CNBC’s “Closing Bell.” “What they’re telling
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In this article DG Popshelf stores are roughly 9,000 square feet and carry items such as home goods, seasonal decor and party supplies, including items from Dollar General’s private brands. Dollar General Dollar General debuted a new store called Popshelf about a year ago, aimed at wealthier, suburban shoppers who enjoy the hunt for a
People outside courthouse for the trial of Elizabeth Holmes. Yasmin Khorram | CNBC SAN JOSE, CALIF. — As Elizabeth Holmes testifies in her own defense, she’s getting a little help from her friends. CNBC has learned Holmes has called former friends and sorority sisters from Kappa Alpha Theta at Stanford asking if they would go
In this article NOC Concept art of a “Starlab” space station Nanoracks NASA awarded a trio of companies with contracts to develop private space stations, as the agency prepares for the retirement of the International Space Station. Jeff Bezos’ Blue Origin, Northrop Grumman, and Nanoracks were awarded a combined $415.6 million under NASA’s Commercial LEO
courtneyk | E+ | Getty Images With soaring home values, many sellers expect a sizable profit when listing their property. However, capital gains taxes may put a damper on their windfall. Home sales profits are considered capital gains, taxed at federal rates of 0%, 15% or 20% in 2021, depending on income. The IRS offers
Mike Stocker/South Florida Sun Sentinel/Tribune News Service via Getty Images More than $87 billion in unemployment benefits funded by the federal government was likely siphoned from the system during the Covid-19 pandemic, much of it due to fraud, according to a U.S. Department of Labor report. Congress authorized many new programs in the pandemic’s early
If you want to buy a house in the next year, be prepared to save up and act fast. The housing market has been red hot for the past 18 months, with buyers sometimes opting to skip many of the traditional strappings of the process, such as appraisals, inspections or even seeing the house in-person
Today we examine how European countries rank on consumption taxes, continuing our map series on our recently published 2020 International Tax Competitiveness Index (ITCI). The ITCI measures and compares the competitiveness and neutrality of all 36 OECD countries’ tax systems, looking at corporate income taxes, individual taxes, consumption taxes, property taxes, and the international tax
In this article SIG Signage for Kay Jewelers, a subsidiary of Signet Jewelers Ltd., is displayed on the exterior of a store in New York. Bloomberg | Bloomberg | Getty Images Shares of Signet Jewelers rose in premarket trading Thursday after the parent company of Kay Jewelers, Zales and Jared reported fiscal third-quarter earnings ahead
If SpaceX really is staring down a potential bankruptcy, at least it wouldn’t be the first time. On Tuesday, CNBC obtained a copy of a letter that SpaceX CEO Elon Musk sent to his employees the day after Thanksgiving, in which the billionaire said the rocket company could be at “genuine risk of bankruptcy,” unless
Vice President Kamala Harris speaks at NASA’s Goddard Space Flight Center on Nov. 5, 2021. Taylor Mickal / NASA The first National Space Council of the Biden administration is meeting on Wednesday, with Vice President Kamala Harris set to outline the White House’s approach to space policy. Revived after two decades under the previous presidency,
Rohit Chopra, director of the Consumer Financial Protection Bureau. Alex Edelman/Bloomberg via Getty Images The Consumer Financial Protection Bureau is cracking down on banks charging fees for customers who overdraw their checking accounts, the bureau announced Wednesday. The financial watchdog is planning a “range of regulatory interventions” targeting firms that rely heavily on overdraft fees
A QR code for digital payment services WeChat by Tencent and Alipay by Ant Group, an affiliate of Alibaba Group, is displayed at a parking lot on December 27, 2020, in Yichang, Hubei province of China. Wang Jianfeng | Visual China Group | Getty Images GUANGZHOU, China — Barriers between China’s tech rivals like Alibaba
From the U.S. to Germany and Saudi Arabia to Australia, the Covid-19 omicron variant has spread to dozens of countries globally. The World Health Organization has labeled omicron, which was first detected by South African scientists, a “variant of concern” due to a large number of mutations that could make the variant more contagious. Much
In this article SNOW Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO. He is known as a demanding leader, and straight shooter. “I’ve often been in board meetings at other companies and the CEO will put up a list of 10 priorities … well, that’s the same as having no priorities,”
Long before the Great Resignation drove record numbers of American workers to quit their jobs in the wake of the pandemic, quitting had been a key part of my career growth and wealth-building strategy. I started my first full-time job in 2010, at age 22. Since then, I’ve quit jobs six times — increasing my
In this article F AMD NVDA CNBC’s Jim Cramer said Wednesday he’s not ready to sell any shares Nvidia yet, even though he recently booked some profits in two other big charitable trust winners Advanced Micro Devices and Ford. Cramer told “Fast Money Halftime Report” he believes that Nvidia could be a $10 trillion stock
vitapix | E+ | Getty Images It’s a small but growing focus in the environmental, social and governance investing movement: gender equity. So-called gender-lens investing prioritizes companies with higher representation of women on their boards and in management positions, as well as those that score well on pay equity and other workplace policies that especially
Christine Schneider | Cultura | Getty Images A proposal for federal paid family leave is at risk of ending up on the chopping block as Washington lawmakers work to finalize new social spending legislation. Cutting the plan out of the Build Back Better package could cripple Democrats’ chances in key Senate races next year, advocates
U.S. stock index futures inched higher during overnight trading on Wednesday, after the CDC confirmed the first known case of the omicron variant in the U.S., sending stocks tumbling. Futures contracts tied to the Dow Jones Industrial Average gained 72 points. S&P 500 futures advanced 0.2%, while Nasdaq 100 futures added 0.25%. During regular trading