Migrants expelled from the U.S. and sent back to Mexico under Title 42, walk towards Mexico at the Paso del Norte International border bridge, in this picture taken from Ciudad Juarez, Mexico October 1, 2021. Jose Luis Gonzalez | Reuters The Biden administration on Wednesday defended its use of a Trump-era health law to deport
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It’s a big week for Jeff Bezos’ inner “Trekkie.” On Wednesday, the Amazon and Blue Origin founder lived out something of a childhood fantasy by launching Captain James T. Kirk — that is, the “Star Trek” actor who portrayed Kirk, 90-year-old William Shatner — to the edge of space in a Blue Origin New Shepard
The shrinking U.S. workforce during the Covid pandemic is “going to cripple” the economic recovery, billionaire investor and businessman Barry Sternlicht warned Wednesday. The founder of Starwood Capital Group, which operates hotels as part of its broader portfolio, said the federal government should pay people go back to work, not to stay home. “The whole
Paul Taylor | Getty Images It’s maybe the most human question there is: What’s going to happen next? We all want to know where we’re going, what bad will befall us, what good turns our lives may take. When it comes to our money, these questions feel especially high-stakes. What if that investment decision backfires?
There’s a growing push for students to get personal financial education in high school. But, according to U.S. Secretary of Education Miguel Cardona, that might not be early enough. “When I talk to students now, they talk about the need for financial literacy learning in a practical sense — how to look at debt and
The Labor Department proposed rule changes on Wednesday that would make it easier for retirement plans to add investment options based on environmental and social considerations — and make it possible for such options to be the default setting upon enrollment. In a reversal of a Trump-era policy, the Biden administration’s proposal makes clear that
Key Findings A typical American household with four cell phones on a “family share” plan, paying $100 per month for taxable wireless service, would pay nearly $300 per year in taxes, fees, and government surcharges—up from $270 in 2020. This year, wireless subscribers will pay approximately $11.3 billion in taxes, fees, and government surcharges to
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Federal Reserve officials could begin reducing the extraordinary help they’ve been providing to the economy by as soon as mid-November, according to minutes from the central bank’s September meeting released Wednesday. The meeting summary indicated members feel the Fed has come close to reaching its economic goals and soon could begin normalizing policy by reducing
Global investor Barry Sternlicht told CNBC on Wednesday he continues to hold a cautious view on investing in China. “We’re not investors directly in China,” the chairman and CEO of Starwood Capital Group said in an interview on “Squawk Box.” “It’s not a China thing, so much as countries where we think the deck is stacked or we can’t
Here are the most important news, trends and analysis that investors need to start their trading day: Wall Street looks to avoid a four-session losing streak Supply chain woes, rising costs may make for rocky earnings September consumer prices expected to remain high White House aims to help key West Coast ports stay open 24/7
In this article DAL Delta Air Lines Airbus A330neo or A330-900 aircraft with neo engine option of the European plane manufacturer, as seen departing from Amsterdam Schiphol AMS EHAM International airport. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines on Wednesday reported a quarterly profit and higher-than-expected revenue for the third quarter, but
A macro of a Rolex Explorer II GMT watch. xrrr | iStock Editorial | Getty Images A rush of companies are vying to become the eBay of high-end horology — including the storied online marketplace itself. Demand for high-end watches exploded during the Covid-19 pandemic. But the Big Four watch brands — Rolex, Patek Philippe,
Luis Alvarez | E+ | Getty Images After 18 months, Americans are still dealing with the coronavirus pandemic and struggling economic recovery. Job openings and hiring fell in August, all while the number of workers who quit their jobs hit the highest level in more than two decades, according to the U.S. Department of Labor.
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 25, 2019. Tiffany Hagler-Geard | Bloomberg | Getty Images JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Wednesday Here’s what Wall Street expects: Earnings: $3 per share,
Prospective homebuyers view a kitchen while touring a house for sale in Helotes, Texas. Matthew Busch | Bloomberg | Getty Images Mortgage rates continued their trudge higher last week, leaving most homeowners with little to no incentive to refinance. Homebuyers, already battling a pricey market, lost more purchasing power due to those higher rates. The
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In this article BATS-GB MO A person uses a Juul Labs electronic cigarette device in San Francisco, on Monday, June 24, 2019. David Paul Morris | Bloomberg | Getty Images The Food and Drug Administration announced Tuesday that it will allow a unit of British American Tobacco to keep selling its Vuse Solo e-cigarettes in
Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, California, on Tuesday, Oct. 12, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — Former Safeway CEO Steve Burd said on Tuesday that his company knew it was taking a risk by partnering with blood-testing start-up Theranos,
Spacecraft commander Jared Isaacman speaks into a microphone as he peers out the cupola window. Inspiration4 The historic Inspiration4 mission, launched and operated by Elon Musk’s SpaceX, returned safely from orbit last month. CNBC spoke to the mission’s commander and benefactor Jared Isaacman about the experience. He spent three days in SpaceX’s Crew Dragon capsule