Pedestrians walk past a Walgreens store in New York. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Didi — Shares of the Chinese ride hailing company surged more than 14% in their second day of trading, rising back above $16 per share. The stock had a muted session
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CHUYN | iStock | Getty Images Figures from the IRS show who has received money from the third stimulus checks for up to $1,400 per person — and there are some surprises. In fact, some people with adjusted gross incomes above $200,000 received a cut. The IRS reports 127,751 payments went to taxpayers in that
Three upcoming tax law changes scheduled by the 2017 Tax Cuts and Jobs Act (TCJA) to help offset its revenue losses would be canceled by proposed legislation that would prevent the tax treatment of investment from worsening over the coming years. Three Upcoming Tax Increases on Investment Policy Timing Requirement to amortize R&D expenses over
Probability of storm force winds from Hurricane Elsa Source: NOAA Elsa weakened to a tropical storm force but continued to plow toward Haiti and the Dominican Republic on Saturday, a day after making landfall on the Caribbean island nations of Barbados and St. Vincent. The Category 1 storm was about 40 miles southeast from Island
Robinhood Markets filed for one of the most anticipated initial public offerings of the year on Thursday, revealing rapid growth during the pandemic and big customer numbers. Robinhood — which has about 18 million funded retail clients — lost $1.4 billion in the first quarter of 2021, according to Robinhood’s S-1 filing with the Securities
RealPeopleGroup | E+ | Getty Images If you’re one of the millions of Americans who have quit their job in recent months, you may be eager to move on to whatever is next for you. Yet because our work and the rest of our lives are often interwoven in a number of important ways, you’ll
Michigan lawmakers are considering lowering the corporate income tax rate to alleviate the tax burden on businesses still emerging from the pandemic and to make the state more competitive. Senate Bill 392 would retroactively reduce the state’s corporate income tax rate from 6 percent to 5.5 in tax year 2021, and then lower it again
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In this article CCL RCL The cruise ships “Carnival Sunrise” (L) and “Carnival Vista” (R) part of the Carnival Cruise Line, are seen moored at a quay in the port of Miami, Florida, on December 23, 2020, amid the Coronavirus pandemic. Daniel Slim | AFP | Getty Images The Carnival Vista is set to sail
Xpeng Motors launches the P5 sedan at an event in Guangzhou, China on April 14, 2021. The P5 is Xpeng’s third production model and features so-called Lidar technology. Arjun Kharpal | CNBC BEIJING — U.S.-listed electric car start-up Li Auto reported more deliveries than Xpeng in June, putting the latter in last place for the
Sir Richard Branson may be trying to be first in the billionaire space race, but he believes there is plenty of opportunity in the market for companies like Virgin Galactic, Jeff Bezos’ Blue Origin, or Elon Musk’s SpaceX. “There’s room for 20 space companies to take people up there,” Branson said in an interview this
Twenty/20 We may not know what stocks in the S&P 500 will do next month, or in two years, but over the decades, we have a pretty good hunch that they’ll go up. Most of us also know what a stock is, and that definition hasn’t changed in centuries. None of that is true, of
The potential impact of hurricane winds on the search-and-rescue operations at the collapsed Surfside, Florida condominium could make the building structure collapse further, structural engineer Richard Slider warned Friday. “These systems or the concrete columns and slabs that are there now, are already unstable, to a certain extent,” Slider told CNBC’s “The News with Shepard
Rendering of the Krispy Kreme Times Square flagship. Krispy Kreme Check out the companies making headlines in midday trading. Virgin Galactic — The space tourism company’s stock is up 3% after announcing founder Sir Richard Branson will be aboard its next spaceflight test. The stock jumped as much as 25% shortly after the open before
The billionaire space race is heating up again. Virgin Galactic’s Richard Branson now plans to beat his fellow billionaire Jeff Bezos to space next week on a test spaceflight for the British billionaire’s space tourism company that will launch July 11. That’s more than a week before Bezos plans to complete his own spaceflight, along
blackCAT | E+ | Getty Images If you invest through Robinhood, you may get early access to shares when the company goes public. The online brokerage is reserving 20% to 35% of shares to be sold in an initial public offering for its customers, according to its most recent regulatory filing. While it’s uncertain exactly
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In this article UAL DAL JBLU LUV AAL Travelers wait in line at a Transportation Security Administration (TSA) screening checkpoint at Orlando International Airport in May, 2021. Paul Hennessy | SOPA Images | LightRocket | Getty Images The Transportation Security Administration said Friday that airport screenings have climbed above 2019 levels for the first time
In this article JPM COIN Coinbase Founder and CEO Brian Armstrong attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Steven Ferdman | Getty Images Federal Reserve Chairman Jerome Powell met in May with Brian Armstrong, the CEO of cryptocurrency exchange Coinbase, central bank records show. The gathering happened