CNBC’s Jim Cramer said Friday that Wall Street will be overwhelmed next week with a full slate of earnings reports from some of the most recognizable names in business. After the major averages all finished the session at all-time highs, shaking off concerns about economic growth, the “Mad Money” host said it leaves practically no
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In this article CROX Dina Rudick | Boston Globe | Getty Images Crocs reported second-quarter earnings that beat on the top and bottom line Thursday, raising its full-year revenue guidance amid strong global demand. The shoemaker’s stock jumped nearly 3% in premarket trading. Here’s how the company did compared with what analysts surveyed by Refinitiv
In this article AXP INTC SAM HON TWTR S3 Studio | Getty Images Check out the companies making headlines in midday trading. Snap — Shares of Snap soared roughly 24% after better-than-expected second-quarter earnings results. The social media company reported strong growth of users, engagement and ads. Twitter — Twitter shares gained 3.4% after reporting its fastest revenue
Nicolas Economou/NurPhoto via Getty Images More than 1 in 10 Americans invested in cryptocurrency over the past year, according to a survey published by the University of Chicago, a sign of the popularity of digital currencies like bitcoin and ethereum. Specifically, 13% bought or traded crypto in the past 12 months — by comparison, 24%
In this article SAM Boston Beer CEO David Burwick said Friday the company was surprised by the disappointing second-quarter sales of its Truly hard seltzer, telling CNBC in an interview that management does not “look very smart” after its prior forecast. “The trade-off from grocery and liquor store purchase and consuming at home to bars during
In this article BIIB Aduhelm by Biogen Source: Biogen Biogen‘s Alzheimer’s drug, Adhulem, generated $2 million in revenue in the first few weeks of its approval, the company said Thursday in releasing its second-quarter earnings along with an open letter about the controversial drug. Biogen upped its revenue guidance for the year, saying it now
California will strengthen the security of the debit cards it uses to issue unemployment insurance and other benefits following a wave of fraud, according to an announcement from the state’s Employment Development Department. The state agency plans to work with Bank of America to start rolling out chip-enabled debit cards to new claimants, as well
Chairman of the House Ways and Means Kevin Brady Joshua Roberts | Reuters Rep. Kevin Brady said the IRS shouldn’t receive more enforcement funding because estimates of unpaid taxes are “unfounded.” President Biden has proposed investing $80 billion in new technology and more auditors to increase tax collections by $700 billion over 10 years. IRS
Even before the pandemic, Eden Schiano, 19, had concerns about her first year of college. Schiano suffered from anorexia in high school and was uncertain how the fall of 2020 would go as a freshman at Virginia Commonwealth University. Being mostly isolated in her dorm quickly took a toll. “I was in my dorm room,
In this article SPCE Virgin Galactic CEO George Whitesides CNBC | Michael Sheetz George Whitesides, the former CEO of Virgin Galactic, will fly on the company’s next spaceflight test, CNBC has learned. Sir Richard Branson made the announcement at a party on July 11 in Las Cruces, New Mexico — following his own spaceflight —
Eleven states have enacted laws this year to reduce income tax rates, in most cases paired with other structurally sound tax reforms. If North Carolina state senators get their way, their state will be the twelfth—and perhaps the most significant to date. On June 10, 2021, the North Carolina Senate passed House Bill 334 with
Thomasin McKenzie and Alex Wolff star in M. Night Shyamalan’s “Old.” Universal M. Night Shyamalan’s latest film “Old” has no shortage of intrigue and suspense, but fails to live up to the director’s previous work, critics say. His latest thriller follows a family of four, Guy (Gael Garcia Bernal), Prisca (Vicky Krieps) and their children,
In this article AAL LUV An American Airlines Boeing 777-300ER plane takes off from Sydney Airport in Sydney, Australia, October 28, 2020. Loren Elliott | Reuters American Airlines on Thursday posted a profit for the second quarter, getting a lift from federal aid and a surge in travel demand. The Fort Worth-based carrier reported net
In this article DPZ WHR CMG PEP CAG A employee sprinkles cheese on a burrito at a Chipotle Mexican Grill restaurant in Hollywood, California. Patrick T. Fallon | Bloomberg | Getty Images Consumer brands from Chipotle Mexican Grill to Whirlpool are dealing with inflation by passing higher costs onto their customers through price hikes. Many
CEO Sundar Pichai is stressed about Google’s plan to become carbon free over the next decade. That means the company aims to use no carbon-based energy whatsoever by 2030. “It’s a long shot, it stresses me out in terms of how to get there,” Pichai said at a virtual climate change event hosted by earth-imaging platform Planet
Hispanolistic It looks like the combination of stimulus checks and at least two expanded tax credits will be a boon to most U.S. households. Between cash hitting bank accounts — in the form of stimulus payments and advance child tax credits — and the expanded earned income tax credit, the value is an average of
Protesters surround the Los Angeles Superior Court on August 21, 2020 to prevent an upcoming wave of evictions in the city. Lucy Nicholson | Reuters Renters struggling with housing costs because of the pandemic have been shielded from eviction for nearly a year, but now the national ban on such proceedings will expire on July
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Job creation tax credits. Investment tax credits. Research and development tax credits. Payroll withholding tax rebates. Property tax abatements. Those are just five of the major categories of tax incentives states offer with the goal of encouraging new investment and economic development in their state. Nearly all states offer at least one of those major