Odell Beckham Jr. #13 of the Cleveland Browns warms up before a game against the Denver Broncos at FirstEnergy Stadium on October 21, 2021 in Cleveland, Ohio. Emilee Chinn | Getty Images Sport | Getty Images Odell Beckham Jr. has a new team. The National Football League wide receiver agreed to a deal with the
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The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Commercial production and deliveries of Lordstown Motors‘ first product, an all-electric pickup called the Endurance, are once again being pushed back, the company said
In this article RIVN After its first two days of trading in 2010, electric vehicle maker Tesla had a market cap of just over $2 billion. R.J. Scaringe, the CEO of EV manufacturer Rivian, is worth that much on his own after his company’s second day on the public market. Rivian shares popped 57% in
In this article FOUR Inspiration4 mission commander Jared Isaacman, founder and chief executive officer of Shift4 Payments, stands for a portrait in front of the recovered first stage of a Falcon 9 rocket at Space Exploration Technologies Corp. Patrick T. Fallon | AFP | Getty Images Shares of payments processing company Shift4 surged in trading
d3sign | Moment | Getty Images American consumers are already suffering sticker shock from prices on grocery store shelves and at the gas pump. Now, data for October shows inflation was even higher last month than some experts had projected. The Consumer Price Index, which measures the average change in prices over time, climbed 6.2%
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MoMo Productions | Stone | Getty Images Market conditions are pressuring the 4% rule, a popular rule of thumb for retirees to determine how much money they can live on each year without fear of running out later. Withdrawing money from one’s nest egg is among the most complex financial exercises for households. There are
Frederic J. Brown | AFP | Getty Images For Stacey Foley, refinancing her mortgage was a no-brainer. After paying roughly 4.25% in interest on her existing home loan, refinancing at 3.25% with limited closing costs has saved her $200 monthly. “Two hundred dollars doesn’t sound like a lot of money, but over a year it
Medical staff take care of a Covid-19 patient in the Covid-19 intensive care unit of the community hospital (Klinikum Magdeburg) in Magdeburg, eastern Germany, on April 28, 2021. RONNY HARTMANN | AFP | Getty Images Germany was once seen as the poster child of how to deal with the coronavirus. Now, it’s recording close to
In this article OPEN Eric Wu, founder and chief executive of Opendoor, a start-up company that flips homes, at their San Francisco headquarters, May 18, 2017. Christie Hemm Klok | The New York Times A week after Zillow announced its sudden departure from the home-buying market, rival Opendoor reported third-quarter results that topped estimates and
Tim Cook’s company may have made your phone or laptop — but the Apple CEO says he’s worried about the amount of time you’re probably spending on it. “If you’re scrolling mindlessly or letting yourself being spun up on negativity, I think this is bad,” Cook, 61, told CNBC’s Andrew Ross Sorkin at the New
Rafael Henrique | LightRocket | Getty Images A McKinsey partner was arrested Wednesday after being criminally charged with insider trading ahead of Goldman Sachs‘ recent $2.2 billion acquisition of fintech lender GreenSky. Puneet Dikshit, a 40-year-old McKinsey partner, exploited information he gained about his client Goldman Sachs’ pending takeover to buy profitable call options in
Phynart Studio | E+ | Getty Images For military veterans, turning 65 can come with a health-care decision: Whether to sign up for Medicare. Those who use Tricare and plan to enroll in Tricare for Life — an insurance program administered by the Defense Department — generally have no choice: The latter is only available
See 2021 Tax Brackets On a yearly basis the Internal Revenue Service (IRS) adjusts more than 60 tax provisions for inflation to prevent what is called “bracket creep.” Bracket creep occurs when people are pushed into higher income tax brackets or have reduced value from credits and deductions due to inflation, instead of any increase in
A trader works on the floor of the New York Stock Exchange (NYSE) November 8, 2021. Brendan McDermid | Reuters U.S. stock futures were steady in overnight trading on Wednesday following a tech-driven sell-off on Wall Street. Dow futures fell just 19 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures rose 0.05%. Disney
CNBC’s Jim Cramer said Wednesday he believes there are four standout stocks that investors should buy if they want to bet on the success of the so-called metaverse. “Going forward, there will be many companies who try to claim they got a piece of the metaverse,” the “Mad Money” host said. However, for now, he
Elizabeth Holmes, founder and CEO of Theranos Mike Blake | Reuters SAN JOSE, CALIF. — In a surprise announcement, the government said Wednesday that it would likely rest its case next week against former Theranos CEO Elizabeth Holmes in her criminal fraud trial. “It is likely that the government will rest next week,” Jeffrey Schenk,
[The webcast is scheduled to begin at 4:45 p.m. ET. Please refresh the page if you do not see the player above.] Elon Musk’s SpaceX is planning to launch four astronauts to the International Space Station from Florida on Wednesday, as the company keeps up a steady pace of crewed missions. Known as Crew-3, the
Westend61 | Westend61 | Getty Images Interest in socially responsible investing skyrocketed during the Covid-19 pandemic. To that point, environmental, social and corporate governance funds captured $51.1 billion of net new money from investors in 2020 — a record and more than double the net inflows in 2019, according to Morningstar research. So, who is
For Washington Wizards professional basketball player Spencer Dinwiddie, investing in cryptocurrency is a layup. “I look at it as the birth of a new asset class,” Dinwiddie told CNBC’s Kelly Evans during Wednesday’s Your Money event. “How many times in history does that happen?” He went on to say that cryptocurrencies are a place where