Free speech advocate Suzanne Nossel said Thursday she found John Cena’s apology to China “troubling” after he called Taiwan a country during a promotional interview for his upcoming film, “Fast and Furious 9.” “It felt like a forced confession,” Nossel, the CEO of nonprofit Pen America, told CNBC’s “The News with Shepard Smith.” “This clear
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In this article GPS A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Gap said Thursday its fiscal first-quarter sales surpassed pre-pandemic levels, as shoppers turned to Old Navy and Athleta to refresh their wardrobes for summer. The retailer raised its sales outlook for the full year as Gap’s namesake banner
In this article GS BAC JPM U.S. banks are likely to report “record level” earnings in 2021 as the American economy recovers and financial markets remain buoyant, according to the Institute of International Finance, an industry association. Tim Adams, chief executive of the IIF, said Friday that the improving economy will help bank lending and
Elizabeth Holmes, founder and former chief executive officer of Theranos, center, exits U.S. federal court in San Jose, California on May 6, 2021. Nina Riggio | Bloomberg | Getty Images In the case of Elizabeth Holmes apparently all publicity isn’t good publicity. Attorneys for the former Theranos CEO are citing widespread negative coverage as a
lisegagne | E+ | Getty Images Parents anxiously awaiting the July 15 start of the monthly child tax credit payments should start planning how they’ll use the extra money now. The child tax credit got a boost from the American Rescue Plan, signed into law by President Joe Biden in March. The new enhanced credit
Southeast Asia’s e-commerce market could grow by more than $260 billion by 2030 if major online shopping marketplaces do more to encourage and enable women entrepreneurs, a new report from the International Finance Corporation found. The “anonymity” of e-commerce has reduced many of the barriers to entry traditionally faced by women and afforded them the
Stat scam; shopping center switcheroo; what a pain; and other highlights of recent tax cases. Houston: Jonathan Adam Van Pelt, former owner of a local staffing company, has admitted he willfully failed to account for and pay federal employment taxes. Van Pelt withheld federal income taxes and Social Security and Medicare taxes from the wages
In this article BBY Ruben Fragoso checks out appliances for sale at the Best Buy store in April 2010 in Miami, Florida. Joe Raedle, Getty Images As Americans move into new houses, remodel homes and watch real estate values rise, Best Buy CEO Corie Barry said they are buying appliances and big-screen TVs and hiring
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In this article VIAC Emily Blunt, Millicent Simmonds and Noah Jupe star in “A Quiet Place Part II.” Paramount Pictures John Krasinski has dazzled critics again. The writer-director’s follow-up feature to 2018’s “A Quiet Place” currently holds a 91% “Fresh” rating on Rotten Tomatoes from 135 reviews. “A Quiet Place Part II” is the much
In this article CRM Marc Benioff, CEO of Salesforce. Adam Jeffery | CNBC Salesforce shares rose 2% in extended trading on Thursday after the cloud software maker reported fiscal first-quarter earnings that surpassed analysts’ expectations. Here’s how the company did: Earnings: $1.21 per share, adjusted, vs. 88 cents per share as expected by analysts, according
In this article HPQ DELL ULTA CRM Signage on a Saleforce office building in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Salesforce — Salesforce shares jumped 5% in extended trading after the cloud-based software company posted
People wait to visit a house for sale in Garden City, Nassau County, New York, on Sept. 6, 2020. Xinhua News Agency | Getty Images Mortgage interest rates are near historic lows. Yet if you want to take advantage of those rates, check your credit score first. That three-digit number determines whether you can get
President Joe Biden delivers remarks at the Ford Rouge Electric Vehicle Center, in Dearborn, Michigan on May 18, 2021. Nicholas Kamm | AFP | Getty Images The wealthy may have a whole other reason to dread President Joe Biden’s proposal to overhaul taxes on inheritances: They may have to dig through decades’ worth of documents
Arizona legislators are considering tax changes as part of the fiscal year 2022 budget process that is underway. Companion omnibus taxation bills HB 2900 and SB 1828 would reduce individual income tax rates for all taxpayers, consolidate the state’s graduated-rate income tax brackets into what would effectively be a two-rate structure by 2023, and reduce
Dallas Federal Reserve President Robert Kaplan cited potential excesses in the housing market and other inflation signs as an indication that the central bank should start slowly pulling back on its asset purchase program. With the Fed still buying at least $120 billion in bonds each month, a total that includes $40 billion in mortgage-backed
Dreams of Bitcoin riches may be on hold, but real wealth is being built on the quantum scale.
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In this article FORD F Ford Motor Co. CEO Jim Farley walks to speak at a news conference at the Rouge Complex in Dearborn, Michigan, September 17, 2020. Rebecca Cook | Reuters Ford Motor‘s stock jumped 8.5% Wednesday during CEO Jim Farley’s first investor day as shareholders welcomed the automaker’s new “Ford+” plan aimed at
Customers wait outside of a Best Buy store in downtown Toronto, Ontario on November 23, 2020 to pick up their online orders. Geoff Robbins | AFP | Getty Images Best Buy said Thursday that sales grew 36% in the fiscal first quarter, as shoppers’ stimulus-fueled spending spree included consumer electronics. Shares of the company nearly