Investors watch an electric screen displaying stock price figures at a stock exchange hall on February 18, 2021 in Shanghai, China. VCG | Visual China Group | Getty Images Beijing is eyeing new rules that would restrict domestic internet companies to go public in the U.S., the Wall Street Journal reported on Friday. Chinese regulators
Cecilie_Arcurs | E+ | Getty Images With fewer employer pensions these days, some retirees are hesitant to draw down their nest eggs. However, older Americans may spend more freely with a guaranteed source of income, such as Social Security or a private annuity. That’s according to a research paper that examines spending in retirement. The
In this article YUM CMG MCD To mandate, or not to mandate? That’s the question facing down restaurant owners and operators during one of the most challenging hiring environments in decades. The Food and Drug Administration approved Pfizer and BioNTech’s Covid-19 vaccine on Monday, opening the door for workplaces to opt to require workers to
People protest for a moratorium on evictions on Aug. 4, 2021 in New York. Stephanie Keith | Getty Images Millions of Americans who remain behind on their rent could now be at risk of being pushed out of their homes after the Supreme Court rejected the Biden administration’s most recent eviction ban. The Centers for
In this article HPQ GPS PTON HIBB BIG AAPL Check out the companies making headlines before the bell: Big Lots (BIG) – The discount retailer’s shares tumbled 9.5% in premarket trading after it missed top and bottom-line estimates for its latest quarter. Big Lots earned $1.09 per share, 3 cents shy of analyst forecasts, and
A woman reacts as she gets inoculated with a dose of the Covishield vaccine against Covid-19 at a vaccination center in Mumbai on August 12, 2021. PUNIT PARANJPE | AFP | Getty Images The world economy is set to lose trillions in GDP because of delayed vaccination timelines, with developing economies bearing most of the
Apple CEO Tim Cook attends Apple’s “Ted Lasso” Season 2 Premiere at Pacific Design Center on July 15, 2021 in West Hollywood, California. Axelle/Bauer-Griffin | FilmMagic | Getty Images Apple CEO Tim Cook received more than five million shares of Apple stock this week, selling most of the stock for more than $750 million, according
MoMo Productions | DigitalVision | Getty Images Interest in working remotely has surged during the Covid-19 pandemic and is lingering even as the economy reopens, a new study suggests. The share of online job searches for remote positions jumped 460% in the two years between June 2019 and June 2021, according to an analysis published
Traders on the floor of the New York Stock Exchange. Source: NYSE Stock futures are flat in overnight trading Thursday ahead of the Federal Reserve’s annual Jackson Hole symposium with investors looking for more details into the central bank’s plans to taper monetary stimulus. Futures on the Dow Jones Industrial Average gained 19 points, or
Texas Governor Greg Abbott speaking at a press conference at the Texas State Capitol in Austin on May 18, 2020. Lynda M. Gonzalez-Pool | Getty Images Texas Gov. Greg Abbott is asking for 2,500 additional medical personnel from across the country to help alleviate pressure on the state’s health-care system imposed by this summer’s Covid
In this article PTON Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images Peloton said Thursday its fiscal fourth-quarter loss widened as the pace of revenue growth slowed dramatically and costs associated with
You may think that wills are only for rich people with assets or kids. Or maybe you’re young and feel like you have plenty of time before you need to start writing one. But life is unpredictable and families are messy. And as much as I, and let’s assume you, would like to believe that
Thomas Montag Source: Bank of America Two trusted deputies of Bank of America CEO Brian Moynihan will depart at the end of the year, setting up a succession race among the company’s top managers. Tom Montag, 64, who is chief operating officer and leads the global banking and markets division, as well as Anne Finucane,
JGI/Tom Grill | Tetra images | Getty Images As retirees live longer, many worry about outliving their savings. However, many older Americans haven’t planned for a looming expense: the cost of long-term care. The median cost of a private room in a nursing home was $105,850, and in-home care costs were $53,768 to $54,912 annually,
Before David Taylor, 38, could even finish touring homes he and his wife, Destiny, 37, were interested in buying, other buyers would offer $20,000 or $30,000 more than the listing price, in cash. After months of getting beaten out before they could even bid, their agent clued them in to a home in Christiansburg, Virginia,
Roberto Machado Noa Check out the companies making headlines after the bell: Peloton Interactive — Shares of Peloton sunk about 10% in extended trading after the exercise equipment company reported a wider-than-expected quarterly loss. The company posted a loss of $1.05 per share in the fiscal fourth quarter, compared with a loss of 45 cents
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In this article BMW-DE BMW will unveil a new vehicle later this year that will be built at its plant in South Carolina, Chairman Oliver Zipse told CNBC. The Spartanburg plant currently produces the BMW X3, X4, X5, X6 and X7 as well as performance models of most of the vehicles. “At the end of
Paul Steel | The Image Bank | Getty Images Cancun and Daytona may draw spring breakers and Waikiki, honeymooners, but which beaches worldwide are millionaire magnets? Hong Kong-based consulting firm Nomad Capitalist released its latest annual index of the top sandy spots that appeal to high-net-worth investors looking to not necessarily vacation but actually put