In this article .SSEC .SPX People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — China’s central bank warned Thursday of financial risks in the country that have accumulated over the years, as well as shocks from overseas
Billionaire investor Mark Cuban is bullish on the future of cryptocurrency and frequently compares blockchain technology to the early days of the internet. That’s why, over the years, Cuban held onto the few digital coins he bought in the “early days,” Cuban said on a recent episode of “The Delphi Podcast.” Currently, his portfolio allocation is
In this article GS MS BTC.CB= A Goldman Sachs logo is seen displayed on a smartphone screen. Omar Marques | SOPA Images | LightRocket | Getty Images Goldman Sachs is close to offering its first investment vehicles for bitcoin and other digital assets to clients of its private wealth management group, CNBC has learned exclusively.
Pamela Moore | iStock | Getty Images Plus Ah, the joys of the open road and carefree driving, until something happens that makes it cost even more. There are events — i.e., accidents, arrests for driving under the influence, a lapse in coverage — that can drive up the cost of your car insurance. By
President Joe Biden’s proposal to raise the federal corporate income tax rate to 28 percent would increase the combined average top tax rate on corporate income to 32.4 percent, highest in the Organisation of Economic Co-operation and Development (OECD), reducing U.S. competitiveness and long-run economic growth. While the focus has been on the federal rate,
Pope Francis is using his pulpit to call attention to climate migration. “When we look, what do we see? Many are being devoured in conditions that make it impossible to survive. Forced to abandon fields and shorelines, homes and villages, people flee in haste carrying just a few souvenirs and treasures, scraps of their culture
In this article M AMZN KSS WMT TGT MAC Macerich’s Paradise Valley Mall in Phoenix, AZ. Google Earth The future of the suburban shopping mall could look something like a mini community, with far fewer places to shop. The U.S. mall owner Macerich announced Thursday it’s sold a majority stake in Paradise Valley Mall in Phoenix
In this article MSFT QS WING KMX MU WDC F NIO Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Microsoft Developers Build Conference in Seattle, Washington, U.S., on Monday, May 7, 2018. The Build conference, marking its second consecutive year in Seattle, is expected to put emphasis on the company’s cloud technologies
In this article NPAUU IRDM AST’s corporate headquarters and high-volume manufacturing facility in Midland, Texas AST & Science Satellite-to-smartphone broadband company AST & Science expects to close its SPAC merger next week, the company said on Thursday. Its stock will trade on the Nasdaq. Last year, the company announced plans to merge with special purpose
aldomurillo | E+ | Getty Images Retired, vaccinated and ready to hit the road? Don’t forget to check whether your Medicare plan will travel with you. While coverage when you’re away from home depends partly on where you’re headed, it also hinges on the specifics of your coverage. Whether the care you receive is routine
A sign advertising an open house in Corona Del Mar, California. Scott Mlyn | CNBC Higher mortgage rates are hitting the refinance market hard and may finally be taking their toll on homebuyers. Mortgage application volume fell 2.2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The
In this article GM General Motors employees work on the assembly line at the Fairfax Assembly & Stamping Plant in Kansas City, Kansas. Jim Barcus for General Motors General Motors CFO Paul Jacobson is “increasingly confident” the automaker will hit its earnings targets for the year despite a global shortage of semiconductor chips that’s forced
In this article VIACP DISCA Family offices have grown in the U.S., but that segment remains lightly regulated — and that could be a problem for the financial industry, warned a former counsel at the Securities and Exchanges Commission. The risks posed by large family offices came under the spotlight after the multibillion-dollar Archegos Capital
Even the most meticulously organized vacation can be derailed by a positive Covid test. Travelers may face unexpected quarantines — either in hotels or state-owned facilities — or substandard medical services. Others may be denied the ability to take commercial flights or, if negative tests are required to return, to get home at all. Travel
In this article TSLA Three ICEYE satellites, the trio of silver cube-like spacecraft visible near the top of the stack, on SpaceX’s Transporter-1 mission in January 2021. ICEYE Finnish satellite imagery firm ICEYE continues to expand its business in the U.S., announcing Wednesday that it signed $50 million in contracts last year for its services
Getty Images As vaccines ramp up and the economy reopens, many individuals and families may be eager to see this side effect of the Covid-19 pandemic continue: government stimulus checks. A recent poll from Data for Progress found 65% of Americans are in favor of payments of $2,000 per month for the duration of the
Scott Heins | Getty Images News | Getty Images Most renters struggling during the coronavirus pandemic won’t have to worry about being pushed out of their homes for at least another three months. The Centers for Disease Control and Prevention has extended the national eviction ban that’s been in place since September through the end
In this article 6758.T-JP Paul Simon performs onstage during The Nearness Of You Benefit Concert at Frederick P. Rose Hall, Jazz at Lincoln Center on January 20, 2015 in New York City. Ilya S. Savenok | Getty Images Entertainment | Getty Images Sony Music Publishing announced Wednesday that it acquired Paul Simon’s entire song catalog,
In this article .IXIC HYD XLF XLI XLB XLE XLK KRE US10Y Wilmington Trust’s Meghan Shue expects growth stocks, including Big Tech, to hit more turbulence over the next three months. “Our main takeaway was to lean a little bit more into value and trim some of our growth exposure,” Shue, the firm’s head of
The 3 acre Northern California estate where “White Christmas” crooner Bing Crosby and his family once lived has just hit the market for $13.75 million. Exterior of 101 Robin Road, Hillsborough, CA Dennis Mayer | OMARSHALL Real Estate Built in 1930, the English Tudor-style residence is just under 10,000 square feet with 10 bedrooms and