In this article BRK.A Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in it railroad, utilities and energy businesses from the pandemic, while the company’s cash pile hit a record
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It’s a common refrain: A billionaire loudly promotes potential solutions for climate change while jetting around the world, leaving a sizable carbon footprint. This week, it happened twice. First, Microsoft co-founder Bill Gates — an outspoken advocate for combatting climate change — reportedly celebrated his 66th birthday by hosting dozens of guests, including fellow billionaire
MoMo Productions | DigitalVision | Getty Images Workers may funnel more money into 401(k) plans next year, according to the latest cost-of-living adjustment from the IRS. The employee contribution limit for 401(k) plans is increasing to $20,500 in 2022, up from $19,500, and catch-up deposits for savers 50 and older will still be $6,500. The new amounts
Peter Thiel, the billionaire co-founder of PayPal. John Lamparski | Getty Images Entertainment | Getty Images Democrats seem to have spared wealthy Americans like billionaire tech mogul Peter Thiel from big tax bills on their vast Roth retirement savings in legislation unveiled this week. That break is courtesy of new language in a $1.75 trillion
A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images CNBC’s Jim Cramer said Friday he believes Peloton shareholders should be on the lookout for an off ramp after the
In this article RUN Sunrun solar. Source: Sunrun Sunrun said Thursday that its revenue during the third quarter more than doubled year over year as the company’s customer count topped 600,000. Shares of the company dipped as much as 2% during extended trading on Thursday. Here’s how Sunrun did versus analysts’ expectations, as compiled by
Most people who open or close a credit card see a short-term drop in their credit scores, according to a recent LendingTree analysis of several thousand credit reports. Researchers compared 1,785 users who opened a single new card and 2,412 users who closed a single card. More from Grow:How I went from debt and a low
CNBC’s Jim Cramer on Friday took comfort in a prediction by Dr. Scott Gottlieb that the pandemic phase of Covid could be over by January. “Dr. Gottlieb basically said the war’s over, and that’s just incredible,” Cramer said. Gottlieb, who had served as FDA chief under former President Donald Trump, is currently a Pfizer board
New York, Chelsea apartments seen from the High Line park. pidjoe | iStock | Getty Images Months after the national ban on evictions expired, a number of states and cities have either kept in place or implemented their own policies to try to keep families in their homes. Despite heavy opposition by landlords, advocates say
On October 17, we released the International Tax Competitiveness Index 2021, a study that measures and compares the competitiveness and neutrality of all 37 OECD countries’ tax systems. In the coming weeks, we will illustrate how European OECD countries rank in each of the five components of the Index: corporate income taxes, individual taxes, consumption
A man speaks with a woman about openings at a bakery at the Employers Only Long Island Food, Beverage and Hospitality Job Fair on Oct. 19, 2021 in Melville, New York. BRYAN R. SMITH | AFP | Getty Images About 357,000 Americans fell off the long-term unemployment rolls in October, as the labor market’s pandemic
In this article ZG OPEN OpenDoor is disrupting the real estate market with its new model. It buys homes and sells them on its platform. Opendoor Zillow’s abrupt exit from the home-buying market is leading investors to see an opening for Opendoor. A day after Zillow’s stock fell to a 16-month low, Opendoor shares soared
Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. More people are turning to Peloton due to shelter-in-place orders because of the coronavirus (COVID-19). Ezra Shaw | Getty Images Peloton halted hiring across all departments effective immediately during an all-hands meeting on Friday, CNBC has learned, a
In this article PINS Benjamin “Ben'” Silbermann, co-founder and chief executive officer of Pinterest. Patrick T. Fallon | Bloomberg | Getty Images Pinterest on Thursday reported better-than-expected earnings and revenue for the third quarter despite a decline in monthly users. The company’s stock rose 6% in extended trading after closing at its lowest in over a
When the Covid-19 pandemic hit last year, most companies scrambled to adjust to work-from-home life and a new economic landscape. But not Databricks, a San Francisco-based artificial intelligence software start-up. That’s because billionaire Ali Ghodsi, the company’s co-founder and CEO, had been preparing his 2,500 person staff for doomsday-type scenarios for years. In 2017, Ghodsi
In this article BA ASTR AMZN Rocket 3.1 launches from Kodiak, Alaska. Astra / John Kraus A flurry of space companies filed requests with the Federal Communications Commission on Thursday for new or expanded broadband networks, asking the regulator for approval of nearly 38,000 total satellites. Amazon, Astra, Boeing, Inmarsat, Intelsat, Hughes Network, OneWeb, SpinLaunch,
nd3000 | iStock | Getty Images There’s a growing number of unmarried couples buying homes together, and without proper planning the move may create future problems. Indeed, 9% of home buyers were unmarried in 2020, according to the National Association of Realtors. While younger millennials, ages 22 to 30 years old, represent 20% of unmarried purchasers,
skynesher | E+ | Getty Images Inflation is coming for your Thanksgiving feast. In September, the consumer price index — a basket of goods — rose 5.4% from a year ago, nearly hitting a 30-year high, according to data from the U.S. Bureau of Labor statistics. And under those headline numbers, food costs rose 4.6%,
My Secret Stash in Traverse City, Mich., is thinly-staffed ahead of the holiday rush. Owner Karen Hilt is gearing up for a strong shopping season. Courtesy: My Secret Stach Karen Hilt owns My Secret Stash in Traverse City, Michigan, retailing products from local artists and sellers— and business has been booming. Hilt’s feeling optimistic about
In this article SHAK PTON GOOS-CA Canada Goose parkas hang on display at a store in Richmond Hill, Ontario. Chris So | Toronto Star | Getty Images Check out the companies making headlines in midday trading. Peloton — Shares of the exercise bike company tumbled more than 34% after the firm reported weakening sales growth