Oracle CEO Safra Catz delivers a keynote address during the 2019 Oracle OpenWorld on September 17, 2019 in San Francisco, California. Oracle CEO Safra Catz kicked off day two of the 2019 Oracle OpenWorld with a keynote address. The annual convention runs through September 19. Justin Sullivan | Getty Images Oracle shares rose 11% in
It’s no secret that billionaire Mark Cuban is bullish on the cryptocurrency market and the technology that surrounds it. And looking ahead to 2022, Cuban is most excited to see the “new and unique” crypto applications that may “replace existing business processes,” he tells CNBC Make It. “Smart contracts can change the world.” Smart contracts
RyanJLane | E+ | Getty Images With a rising cost of living, investors may be eyeing I bonds, an inflation-protected and nearly risk-free asset, paying a 7.12% annual rate through next April. While I bonds have relatively low purchase limits, couples may leverage a year-end strategy to increase their holdings. Annual inflation rose by 6.8% in
In this article AMCX Shopping carts are lined up in front of a Costco store on February 25, 2021 in Inglewood, California. Mario Tama | Getty Images Check out the companies making headlines in midday trading Friday: Costco — Costco shares rose more than 6% after the warehouse retailer posted its latest quarterly numbers a day
David Paul Morris/Bloomberg via Getty Images Inflation grew at its fastest clip in almost four decades last month — and rising costs are hitting the biggest areas of household budgets. Inflation measures changes in the price consumers pay for goods and services. It jumped 6.8% in the year through November 2021, the largest annual spike
As the Senate considers which components of the House Build Back Better Act (BBBA) to include, one key difference between the original Ways and Means draft and the later Rules Committee version is on corporate taxes. The original draft would have raised the corporate tax rate to 26.5 percent, while the Rules Committee version would
Mangrove Lithium’s pilot plant in Vancouver, Canada. Photo courtesy: Saad Dara, CEO Mangrove Lithium Bill Gates’ investment fund Breakthrough Energy Ventures recently invested $10 million in a seven-person start-up with no revenue and no customers, Mangrove Lithium. It’s a niche investment, but could have critical implications for the rapidly growing electric vehicle market, as its
I was first introduced to the stock market through an internship in 2010. Before that, I had only heard of the stock market through TV and movie references. Neither of my parents had ever owned stocks, and neither had I at that point. More from Grow: Seven years later, I was a financial advisor working
Sen. Elizabeth Warren, D-Mass. Bloomberg | Bloomberg | Getty Images Sen. Elizabeth Warren, D-Mass., and Senate Majority Leader Chuck Schumer, D-N.Y., are warning the Biden administration that restarting student loan payments in February could drag down the economic recovery. The senators also repeated their call on President Joe Biden to cancel the debt. In March
In this article 3333-HK An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. Bobby Yip | Reuters BEIJING — Indebted property developer China Evergrande defaulted this week with hardly a ripple in markets as most institutions remained silent. Late Thursday, Fitch Ratings said Evergrande had not confirmed payment of its
Poorer neighborhoods are hotter than wealthier ones. That’s the overriding finding from the New York City component of a national project to map urban heat islands. Scientists have long known that urban areas generate heat, but until now they’ve not been able to map them street by street. On a searing summer day in New
Faced not only with immediate surpluses but with the expectation of sustained revenue growth in coming years, Arkansas policymakers have chosen to return some of the additional revenue to taxpayers in the form of individual and corporate income tax rate reductions, with additional rate cuts if future revenues permit. Whenever a state has a short-term
When former wealth manager Keith Tan gave up his finance job in 2015, he was scarcely aware of the entrepreneurial journey that lay ahead. What started as plans to launch a chain of coffee shops soon turned into a technology company with aims to improve efficiencies in the food and beverage industry. Six years on,
If you work at one of America’s biggest companies, the gap between what you earn and your CEO’s salary could be mind-boggling. According to a recent study from job search website Lensa, the CEOs at 100 of the country’s largest companies make roughly $1.28 million more per year in salary than their average employee. It’s
Rep. Bill Pascrell, D-N.J., speaks at a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images House Democrats’ $1.75 trillion spending package boosts the limit on the federal deduction for state and local taxes, known as SALT, to $80,000
A trader works on the floor of the New York Stock Exchange (NYSE) December 9, 2021. Brendan McDermid | Reuters Stock futures opened little changed on Thursday after investors pulled back from the market rebound earlier in the week and turned their focus to inflation data due out Friday. Futures contracts tied to the Dow
The New York City rental market is regaining strength. In November, the net effective median rent for Manhattan rose 16.7% compared with last year, according to the most recent rental report from brokerage firm Douglas Elliman and real estate appraisal firm Miller Samuel. That’s the second-straight month of record rates. “We’re in many ways shocked,
In this article LULU People line up to enter a store during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021. Joel Lerner | Xinhua News Agency | Getty Images Lululemon‘s stock gave up gains in extended trading Thursday after the company
As Bill Gates reflected on what he calls his “most unusual and difficult year,” the billionaire also looked ahead to 2022 and beyond with no shortage of optimism — including when it comes to our “more digitized future.” In a year-end post on Gates’ personal blog, the Microsoft co-founder included a prediction about the future
Senate Majority Leader Chuck Schumer, D-N.Y., outside the Senate Chambers of the Capitol on Dec. 7, 2021. Anna Moneymaker | Getty Images News | Getty Images The Senate will soon consider whether to implement a plan for a federal paid family and medical leave as part of the Build Back Better bill. Advocates are campaigning