Binance’s Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. NurPhoto / Contributor / Getty Images Over a month after the collapse of FTX, investor concern over crypto exchange Binance isn’t fading. Binance’s native token, BNB, has fallen 15% in the
AsiaVision | E+ | Getty Images As the tax season approaches, many Americans are bracing for a new reporting change for third-party payment networks like Venmo or PayPal. Starting in 2022, you’ll receive Form 1099-K, which reports income to the IRS, for business payments over $600. But experts say it’s possible you’ll receive 1099-Ks for
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – Ford Motor has once again increased the starting price of its electric F-150 Lightning, citing higher raw material
In this article DRI Follow your favorite stocksCREATE FREE ACCOUNT An Olive Garden restaurant in Times Square in New York Richard Levine | Corbis | Getty Images Darden Restaurants on Friday reported quarterly earnings and revenue that beat Wall Street’s expectations, as consumers continued to eat out despite pressure from inflation. The company also raised its earnings
“Shark Tank” star Kevin O’Leary defended his position as a spokesperson for bankrupt crypto firm FTX on CNBC’s “Squawk Box” on Friday. CNBC anchors Andrew Ross Sorkin, Joe Kernen and Becky Quick questioned O’Leary on his paid FTX ambassadorship, venture capital career and his defense of Sam Bankman-Fried days before his arrest. “This is America.
Maskot | Maskot | Getty Images The ranks of employers offering a Roth savings option to 401(k) investors continue to grow, giving more workers access to its unique financial benefits. About 88% of 401(k) plans allowed employees to save in a Roth account in 2021, up from 86% in 2020 and from 49% in 2011,
In this article AAL Follow your favorite stocksCREATE FREE ACCOUNT American airlines planes are seen at San Francisco International Airport (SFO) in San Francisco, California, United States on September 15, 2022. Tayfun Toskun | Anadolu Agency | Getty Images Members of American Airlines‘ loyalty program will have to spend more to earn elite frequent flyer
People line up outside a fever clinic in Beijing on Dec. 14, 2022, just days after the country relaxed its Covid controls amid below-freezing weather in the capital city. Yuxuan Zhang | Afp | Getty Images BEIJING — Mainland China’s swift rollback of many Covid-related restrictions has been unexpectedly sudden, revealing a new set of
As rising prices continue to weigh on households, more families are feeling stretched too thin. As of November, 63% of Americans were living paycheck to paycheck, according to a monthly LendingClub report — up from 60% the previous month and near the 64% historic high hit in March. Even high-income earners are under pressure, LendingClub found. Of
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Research and development (R&D) is a crucial part of technological change, as R&D takes initial scientific discoveries and translates them into useful products that improve lives. Both the public and private sectors play important roles in R&D, but in recent years, private sector investment has become increasingly important. In 2019, businesses performed 75 percent of
As the housing market cools quickly, house flippers are finding it harder to make fast profits. In the third quarter, gross flipping profit, which is the difference between the median purchase price paid by investors and the median resale price, dropped to $62,000, according to ATTOM, a real estate data provider. That’s down 18.4% from
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In this article FUBO Follow your favorite stocksCREATE FREE ACCOUNT Rafael Henrique | Lightrocket | Getty Images FuboTV, a live-TV bundle streaming service, said it was the target of a criminal cyberattack Wednesday, affecting customers trying to access their subscriptions during the World Cup semifinal match between France and Morocco. Once the attack was detected,
In this article ADBE Follow your favorite stocksCREATE FREE ACCOUNT Shantanu Narayen, CEO, Adobe Mark Neuling | CNBC Adobe shares rose 6% in extended trading on Thursday after the design software maker announced fiscal fourth-quarter earnings and guidance that exceeded analysts’ expectations. Here’s how the company did: Earnings: $3.60 per share, adjusted, vs. $3.50 per
In this article SNAP T NFLX MS Follow your favorite stocksCREATE FREE ACCOUNT The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading. Netflix— Netflix tumbled 8.6% following a report from Digiday that said the
Joos Mind | Photodisc | Getty Images Long Covid results in $9,500 of total average medical costs for workers and their employers in the six months following a diagnosis, according to a study by Nomi Health. Long Covid is a chronic illness that can carry potentially debilitating symptoms, which may last for months or years.
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Avatar: The Way of Water Courtesy: Disney Co. James Cameron’s long-awaited sequel to 2009’s “Avatar” arrives in theaters this weekend and it has critics captivated and exasperated. Disney’s “Avatar: The Way of Water,” which clocks in at over three hours long, is being hailed as
Binance chief executive Changpeng “CZ” Zhao dismissed concerns that his company could have $2.1 billion clawed back as a result of FTX’s bankruptcy proceedings, in an appearance on Squawk Box Thursday morning, and told CNBC that he trusted his lawyers to handle the proceedings. CNBC’S Andrew Ross Sorkin and Becky Quick pressed Zhao on whether
Tommaso79 | Istock | Getty Images If you’ve opted into your company’s group disability insurance plan, you may assume there’s sufficient income protection if you can’t work due to illness or injury. But experts say your workplace coverage may not be enough. John Ryan, founder and CEO of Ryan Insurance Strategy Consultants, urges employees to