Nikola Motor Company Source: Nikola Motor Company Electric vehicle start-up Nikola Corp. reported a narrower-than-expected loss for the second quarter, as the company continues vehicle validation testing and progresses toward delivering its first trucks to customers. Here’s how Nikola did compared with what Wall Street expected based on average estimates compiled by Refinitiv. Adjusted results:
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In this article AAL TTWO CLX UAA HOOD People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images
For decades, billionaire investor Ray Dalio has rubbed elbows with some of the most successful people in the world. Along the way, he’s learned a thing or two — including a habit that the “who’s who” (as he calls them) are just better at than the average person. “By and large,” Dalio tells CNBC Make
Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 30, 2013. Andrew Harrer | Bloomberg | Getty Images The head of the SEC says that crypto assets need a lot more regulation before they can move forward. Speaking at the
Sen. Rob Portman, R-Ohio, left, and Sen. Kyrsten Sinema, D-Ariz., speak at a July 28, 2021 news conference in Washington, D.C. Stefani Reynolds | Bloomberg | Getty Images As U.S. Senators hammer out the $1 trillion bipartisan federal infrastructure bill, a provision in the measure seeks to raise funds with a crackdown on cryptocurrency tax reporting.
d3sign | Moment | Getty Images A Senate infrastructure measure unveiled this week would pull $31 billion from a Covid disaster-loan program for businesses. The Economic Injury Disaster Loan program was one of the mechanisms Congress used to help ailing businesses stay afloat during the pandemic. It was initially plagued by issues such as delays
With several states contemplating legalization of recreational marijuana, and federal lawmakers starting the process of federal descheduling, it is a good time to examine the tax implications of legalization. Taxes play a crucial role in the success of marijuana reform, as competitive prices in a licensed market are key to convert illicit consumption to the
TOPSHOT – Aerial view shows an area completely destroyed by the floods in the Blessem district of Erftstadt, western Germany, on July 16, 2021. SEBASTIEN BOZON | AFP | Getty Images The 2021 holiday shopping season could be marred by out-of-stock goods and shipping delays as the recent floods in Europe and China exacerbate already
BP logos are seen at a BP petrol and diesel filling station southeast of London on June 15, 2020. BEN STANSALL | AFP | Getty Images LONDON — Oil and gas giant BP beat second-quarter earnings expectations on Tuesday, while expanding its dividend and share buyback program. The U.K.-based energy major said it will buy
In this article .STI OCBC-SG UOBH-SG DBSM-SG Aerial view of Singapore’s central business district and bayfront area. BNBB Studio | Moment | Getty Images SINGAPORE — Singapore’s top three banks are due to report second-quarter earnings this week, and investors will be watching for any announcements on dividend payments. Oversea-Chinese Banking Corp and United Overseas
In this article AXP The South Rim in Grand Canyon National Park in Arizona. Westend61 | Westend61 | Getty Images Summer travel is back, big time. That’s according to a survey released Tuesday by American Express Travel, where consumer travel bookings have reached 95% of May 2019 levels. But while affluent Americans are itching to
Louisiana legislators passed a tax reform plan that has received overwhelming support in both the House and Senate, but voters will get the ultimate say on whether that plan succeeds. In light of this, it may be valuable to walk through what is included in these reforms and what effect the changes will have on
Looking Skyward for Solutions and Don’t Discount This General.
The earnings charts for these 5 top travel companies tell the story.
Dr. Celine Gounder, an epidemiologist who advised the Biden administration, underscored the importance of having a vaccinated workforce as employers consider returning to the office. “If you’re able to get your workforce vaccinated, I think it’s a completely different calculation than if you’re not,” Gounder said Monday evening in an interview on CNBC’s “The News
The market appears to be doing something that happens ahead of corrections. When the S&P 500, Nasdaq and the CBOE Volatility Index rise together, BTIG’s Julian Emanuel warns it’s often a precursor to a 10% to 15% pullback. “Whenever we’ve seen that going back to the beginning of 2018, we were essentially weeks away from
In this article MSFT Bill and Melinda French Gates Chris Ratcliffe | Bloomberg | Getty Images Microsoft Co-Founder Bill Gates and Melinda French Gates have gotten divorced after 27 years of marriage. A Monday filing with the King County Superior Court of Washington made the move official, three months after the couple announced their plan
In this article RKT Signage for Rocket Mortgage by Quicken Loans is displayed on a laptop computer in an arranged photograph taken in the Brooklyn borough of New York, U.S., on Thursday, Aug. 6, 2020. Gabby Jones | Bloomberg | Getty Images Shares of Rocket Companies jumped as much as 8% on Monday after the
Getty Images As inflation pushes prices on everything from food to gasoline higher, your emergency cash could be in danger of losing value. Persistently low interest rates likely will not keep pace with surging costs. Rapid inflation may continue for several months, Treasury Secretary Janet Yellen said in a recent interview, while other experts see
pcess609 If nothing changes, the federal government’s break from payments for student loan borrowers will come to an end next month. For the first time since March 2020, when the coronavirus pandemic hit the U.S. and crippled the economy, millions of borrowers will have to resume paying their monthly bills. The typical federal student loan