In this article TSLA People walk by Ralph Lauren’s Fifth Avenue Polo store in New York City. Getty Images Check out the companies making headlines in midday trading. Square — Jack Dorsey’s payments company saw its shares surge 11.5% after the firm announced plans to buy Australian fintech company Afterpay in a $29 billion, all-stock
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While there is a slew of professionals athletes who have ventured into cryptocurrency from Tom Brady to Saquon Barkley in recent months, NBA legend Charles Barkley isn’t biting. “My people do not believe in crypto,” Barkley tells CNBC Make It. “I got a couple of financial guys. One of them said, ‘If ever put you
David Paul Morris | Bloomberg | Getty Images Most individual investors — 67% — think they have a responsibility to put money toward companies that have a positive impact on the world, new research shows. That doesn’t mean they are necessarily acting on the sentiment. While more than half (51%) of retail investors avoid investing
Samuel Corum | Getty Images News | Getty Images States’ early withdrawals from federal unemployment programs in recent weeks are helping Senate lawmakers finance upgrades to the nation’s infrastructure, according to legislative text unveiled Sunday. Twenty-six states, largely Republican, have pulled out of pandemic-era programs since mid-June. The American Rescue Plan offered federal unemployment assistance
Bill Oxford | iStock | Getty Images Although the national ban on evictions is now over, a number of states have issued their own protections for renters that will last for months more. These local policies can buy tenants time to get approved for federal rental assistance and help them to stay in their homes.
Traffic jam on Delhi-Meerut Expressway, on July 29, 2021 in Ghaziabad, India. Sakib Ali | Hindustan Times | Getty Images India’s chief economic advisor Krishnamurthy Subramanian hit back at the International Monetary Fund for downgrading the country’s growth projection, saying it’s “significantly off the mark.” The IMF last week cut India’s growth outlook to 9.5%
The Li One electric car from Li Auto is displayed at the Moonstar Global Harbor shopping mall in Shanghai, China, May 10, 2021. Costfoto | Barcroft Media | Getty Images BEIJING — Deliveries of what is essentially a hybrid electric car from U.S.-listed Li Auto surpassed those of rival start-up Xpeng for a second straight
This is the beginning of a map series in which we’ll explore different types of excise taxes throughout Europe, starting with excise duties on beer. According to EU law, every EU country is required to levy an excise duty on beer of at least €1.87 per 100 liters (26.4 gal) and degree of alcohol content, translating
In this article DIS Dwayne Johnson and Emily Blunt star in Disney’s “Jungle Cruise.” Disney Walt Disney’s “Jungle Cruise” sailed to a better-than-expected opening of $34.2 million at the domestic box office, despite growing concerns that a surge in coronavirus cases could keep families at home. With an additional $27.6 million in ticket sales internationally,
Traders work on the floor of the New York Stock Exchange (NYSE), July 21, 2021. Brendan McDermid | Reuters U.S. stock futures rose in overnight trading on Sunday as investors geared up for the first trading day of August. Dow futures rose 90 points. S&P 500 futures gained 0.3% and Nasdaq 100 futures added 0.25%.
In this article AMZN MSFT FB AAPL If you are an Apple shareholder who wondered after last week’s stellar earnings report why the value of your stock holding was going down rather than up, the reason given — that chip shortages will weigh on the short-term outlook — may not seem good enough. For a
A customer shops for groceries at La Tapatia Market during a blackout in Napa, California, on Wednesday, Oct. 9, 2019. David Paul Morris | Bloomberg | Getty Images The electric grid in the West is being tested like never before amid extreme-weather events, including raging wildfires and severe droughts fueled by climate change. Utility companies
Tesla’s Model Y compact crossover vehicles at a showroom in Shanghai, China, on January 18, 2021. VCG | Visual China Group | Getty Images Earnings season is well underway, as a number of mega-cap tech names released their financial results this past week. However, there’s still plenty more to come as several companies have yet
Los Angeles County Regional Food Bank workers help with food distribution in Willowbrook, California on April 29, 2021. FREDERIC J. BROWN | AFP | Getty Images Millions of jobless Americans are poised to lose Covid-era income support in about a month’s time. This impending “benefits cliff” appears different from others that loomed this past year,
In this article DOLE The New York Stock Exchange welcomes executives and guests of Dole (NYSE: DOLE), on July 30, 2021, in celebration of its Initial Public Offering. To honor the occasion, Johan Linden, Chief Operating Officer, Seamus Mulvenna, CEO Total Produce North America and Shane Power, Corporate Finance Director, joined by Chris Taylor, Vice
In this article SAVE Spirit Airlines CEO Ted Christie told CNBC on Friday that he’s urging all passengers and employees to get Covid shots, even though the low-cost carrier has no plans to implement vaccine requirements. “Rising case counts with regard to the delta variant obviously is a concern for everybody,” Christie said on “Squawk Box.” The
A Shell logo seen at a petrol station in London. A court in The Hague has ordered oil giant Shell to reduce its carbon emissions by 45% compared to 2019 levels by 2030, in what is widely seen as a landmark case. SOPA Images | LightRocket | Getty Images LONDON — Oil giant Royal Dutch
In this article HLT 9984.T-JP DIDI YUM Hilton Worldwide Holdings Inc. signage is displayed outside one of the company’s hotel locations in San Francisco. David Paul Morris | Bloobmerg | Getty Images Check out the companies making headlines in midday trading. Zoom Video — Shares of the teleconferencing company jumped nearly 5.5% after KeyBanc upgraded
Starting next year, firms will need to amortize their research and development (R&D) expenses over five years rather than immediately deduct them from taxable income, a policy change designed to raise federal tax revenue in the short term. As policymakers decide on the future of this scheduled tax change, one option would be to delay
Major credit ratings agencies this week downgraded China’s most indebted property developer Evergrande, as concerns over Asia’s junk bond sector rise. Fitch Ratings on Wednesday downgraded China Evergrande one notch from B to CCC, saying that the negative developments surrounding Evergrande may weaken investor confidence, further pressuring its liquidity. A rating of CCC means there’s