In this article JPM WFC BAC A small business owner in Chinatown, San Francisco Source: CNBC The Senate on Thursday passed the PPP Extension Act of 2021 with overwhelming support, extending the deadline for the Paycheck Protection Program to May 31 from March 31. Passage of the PPP extension came about one week after the
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In this article 8TI-FF FIATX GM F NIO A United Auto Worker member leaves the Fiat Chrysler Automobiles Warren Truck Plant after the first work shift on May 18, 2020 in Warren, Michigan. Gregory Shamus | Getty Images A global shortage of semiconductor chips is forcing Stellantis to temporally close five North American plants starting
In this article KWEB Chinese and U.S. flags outside the building of an American company in Beijing, China January 21, 2021. Tingshu Wang | Reuterss A new Securities and Exchange Commission rule that will require foreign companies to submit documentation about government affiliations and government influence is causing headaches for China investors. It’s one of
Billionaire investor Mark Cuban sees a lot of promise in the future of NFTs, or nonfungible tokens. In fact, Cuban is now looking for ways to use the technology to bring in more money for his NBA team, the Dallas Mavericks. “With the [Mavericks], we’re trying to find a good option for turning our tickets
In this article FTXL Giannis Antetokounmpo #34 of the Milwaukee Bucks drives to the basket against Bam Adebayo #13 of the Miami Heat during the second half at American Airlines Arena on March 02, 2020 in Miami, Florida. Michael Reaves | Getty Images A city trying to rebrand itself as the center of the crypto
In this article IRSA3-AR Luis Alvarez | DigitalVision | Getty Images Americans can get a tax break this filing season for masks, hand sanitizer, sanitizing wipes and other personal protective equipment to prevent the spread of Covid-19, the IRS announced Friday. The tax code lets taxpayers deduct medical costs that exceed 7.5% of their adjusted
In this article SQ TWTR BOWX WeWork CEO Sandeep Mathrani told CNBC on Friday the office-sharing firm expects to see a strong recovery in demand as Covid vaccines help control the pandemic. “There’s going to be a huge shift in coming back to work, and we’re a flex provider so we’re completely the person who would
In this article GSK-GB VIR In this photo illustration the British multinational pharmaceutical company GlaxoSmithKline (GSK) logo seen displayed on a smartphone with a computer model of the COVID-19 coronavirus on the background. Budrul Chukrut | SOPA Images | Getty Images GlaxoSmithKline and Vir Biotechnology on Friday applied for an emergency use authorization from the
In this article LB Pedestrians wearing protective masks carry Victoria’s Secret Stores LLC shopping bags in San Francisco, California, U.S., on Wednesday, Feb. 17, 2021. David Paul Morris | Bloomberg | Getty Images Victoria’s Secret-owner L Brands on Friday raised its profit outlook for the first quarter, citing a boost from government stimulus and from
In this article AXP Pilot’s founders Jessica McKellar (CTO), Waseem Daher (CEO), Jeff Arnold (COO) Pilot Accounting start-up Pilot raised a new round of funding from Jeff Bezos and other Silicon Valley investors to help small businesses outsource back-office tasks. The San Francisco-based company closed a $100 million funding round this week, doubling its valuation
Many Americans have relocated since the start of the pandemic, and many more say they’re considering a move as coronavirus restrictions force a lot of people to work remotely and spend more time than ever at home. While some renters are taking advantage of deals on homes and apartments in big cities, others are looking
Anthony Noto, CEO of SoFi Adam Jeffery | CNBC Online finance start-up SoFi is lowering the barrier for amateur investors to buy shares of companies as they go public. These IPO shares have historically been set aside for Wall Street’s institutional investors, or high-net worth individuals. Retail traders don’t have a way to buy into
Luis Alvarez/ Getty Images. Corporate America is in need of a reboot. That’s what advocates are calling for as working parents — especially women — are looking for more flexibility and other changes to help them juggle work and family life. “This pandemic has turned the workplace upside down,” said Amber Clayton, director of the
Table of Contents Chairman Sanders, Ranking Member Graham, and members of the Committee. Thank you for the opportunity to testify before you today. There is no objective standard for what defines “fair share”; it is a purely subjective concept. But there are facts, which are objective, and the facts suggest that the U.S. tax and
For those who can afford it, the coronavirus crisis has caused a home-buying frenzy. In the last year, 1 in 20 adults moved, either permanently or temporarily, from where they were living due to the Covid outbreak, according to a recent report by the Pew Research Center. Not everyone is heading from the city to the suburbs, however.
In this article RH RH CEO Gary Friedman told CNBC on Thursday he was confident in the company’s expansion vision, even if some may question the luxury furniture retailer’s moves into the European market or new industries altogether. “It takes a long time to build something extraordinary in this world, and we still feel like we’re
Chinese Foreign Ministry spokeswoman Hua Chunying attends a news conference in Beijing, China January 21, 2021. Carlos Garcia Rawlins | Reuters BEIJING — China slapped sanctions on U.K. entities on Friday, saying that Britain’s sanctions on Chinese individuals over alleged human rights abuses in Xinjiang were based on “lies and disinformation.” The Ministry of Foreign
Bill Gates believes that future generations will need to be open-minded when it comes to accepting new technologies aimed at combating climate change. “We want to be open to ideas that seem wild,” Gates said on Friday in his most recent Ask Me Anything session on Reddit. The billionaire Microsoft co-founder’s ninth Reddit question-and-answer session
Satellite imagery captured on March 23, 2021 shows the cargo container ship Ever Given blocking the Suez Canal in Egypt. Planet Labs Satellite imagery gives another perspective on the developing situation in Egypt’s Suez Canal, where a mega cargo container ship was turned sideways and became stuck, blocking the busy passageway. Imagery captured on Tuesday
Grace Cary Washington has issued stimulus checks to about 127 million households over the past two weeks. Some payments went to those who didn’t need the money. But that’s not necessarily bad — the answer largely depends on one’s view of check targeting and how easily that can be achieved. The concept of trying to