U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, September 14, 2021. Evelyn Hockstein | Pool | Reuters The Securities and Exchange Commission on Wednesday said the total amount of payouts it had made to
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LightFieldStudios | iStock | Getty Images Two-thirds of wealthy business-owners accelerated their plans to retire or sell their business during the Covid pandemic, according to a new survey, reflecting the new psychological and financial landscape for business. Fully 66% of high-net-worth business owners said the pandemic pulled forward their plans to sell their business or
The Inspiration4 crew in their SpaceX spacesuits, from left: Chris Sembroski, Dr. Sian Proctor, Jared Isaacman, and Hayley Arceneaux John Kraus / Inspiration4 KENNEDY SPACE CENTER, Florida — SpaceX is set to make history as Elon Musk’s space company prepares to launch four civilians to orbit. They will become the first full crew of non-professional astronauts to fly to
Sturti | Getty Images Women are more worried than men when it comes to saving enough for retirement. The coronavirus pandemic hasn’t helped. Some 60% of women said they were concerned they wouldn’t be able to achieve a financially secure retirement, according to a February 2021 survey from the National Institute on Retirement Security. That’s
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Determining the best way to ensure your financial security can seem overwhelming. For James and Michelle Bethe, deciding what to do with the $200,000 they had in savings had them at a standstill. As a teacher, Michelle, 36, has a pension for retirement and James, 38, has some money in a 401(k) plan. For Michelle,
NICHOLAS KAMM | AFP | Getty Images The uber rich may be cheering House Democrats’ proposed tax reforms on investment income relative to the Biden administration’s earlier plan. The White House called for a 39.6% top federal tax rate on long-term capital gains and dividends — nearly double the current 20%. Long-term capital gains tax
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In this article WMT F Ford Motor plans to launch its self-driving vehicle businesses in 2022 with vehicles based on its Escape Hybrid crossover. Ford Walmart is expanding its self-driving vehicle program to include Ford Motor and Argo AI, an autonomous car start-up backed by the automaker. The companies said Wednesday that the collaboration will
Drew Angerer | Getty Images News | Getty Images House Democrats have proposed a top marginal income tax rate of 39.6% for individuals, part of a sweeping change to the tax code to fund climate investments and an expansion of the U.S. safety net. That rate, an increase from the current 37% levy for the
SDI Productions | E+ | Getty Images About 78% of Hispanic families received stimulus payments over the last year and a half, compared with 96% of white respondents, according to a recent study conducted by Ipsos and a group of social policy organizations including the National Women’s Law Center. There was also a gap in
Potential homebuyers exit an open house in Redondo Beach, California. Patrick T. Fallon | Bloomberg | Getty Images Fall is usually the start of the slower season for the housing market, but nothing is usual in today’s pandemic-driven housing market. Potential homebuyers are seeing a slight rise in inventory and consequently rushing back into the
U.S. stock futures were flat Tuesday night after the Dow Jones Industrial Average dropped nearly 300 points on rising investor worries about the state of the economic recovery and the next action by the Federal Reserve. Dow Jones Industrial Average futures ticked 8 points higher, or 0.02%. S&P 500 and Nasdaq 100 futures climbed 0.05%
In this article DAI-DE BMW-DE VOW3-DE 9868-HK NIO The electric vehicle sector is seeing its “most exciting moment” now — and consolidation in the sector cannot be avoided, says Bain & Company’s Helen Liu. “I would say that consolidation is an inevitable trend in this industry,” Liu, partner at the consultancy firm, told CNBC’s “Capital
Elizabeth Holmes, founder and CEO of Theranos, arrives at the federal courthouse for jury selection in her trial, Tuesday, Aug. 31, 2021, in San Jose, Calif. Nic Coury | AP SAN JOSE, Calif. — In public, Elizabeth Holmes was dubbed the next Steve Jobs on the cover of Inc. magazine in 2015, but in private
Drew Angerer | Getty Images News | Getty Images Households earning $1 million or more would see their taxes rise by almost 11%, on average, in 2023 due to reforms proposed by House Democrats, according to Joint Committee on Taxation estimates published Tuesday. They’d pay an extra $96,000 that year, and their average tax rate
Huawei founder Ren Zhengfei attends a panel discussion at the company headquarters in Shenzhen, Guangdong province, China June 17, 2019. Aly Song | Reuters BEIJING – Chinese telecommunications giant Huawei said it is expanding its team of scientists even as the company has lost revenue in the wake of U.S. sanctions. It’s a bet that
In this article SBUX A worker stands inside Starbucks in midtown during the coronavirus pandemic on May 20, 2020 in New York City. Noam Galai | Getty Images Coffee giant Starbucks has told the National Labor Relations Board that all 450 workers in its Buffalo, New York market should be allowed to vote on whether
Today, Jessica Alba’s Honest Company is a publicly traded company valued at nearly $1 billion. But when the “Dark Angel” actress decided to launch her consumer goods start-up in 2012, she was met with plenty of doubters — including herself. In the years since, she’s had to work to combat the naysayers, developing a strategy
Marc Lasry, co-founder and chief executive officer of Avenue Capital Group. Adam Jeffery | CNBC Marc Lasry, who makes his living by investing in distressed companies, thinks the U.S. is potentially heading for that status itself. Though he’s not sure of the timing and doesn’t expect major problems to happen anytime soon, the billionaire head