In this article DAL A Delta Air Lines Boeing 737 approaching LAX for landing. Angel Di Bilio | iStock Editorial | Getty Images Delta Air Lines on Wednesday reported second-quarter revenue that topped Wall Street’s estimates and said both leisure and business travel bookings rose sharply after more than a year of pandemic lockdowns. The
SINGAPORE — As most of Southeast Asia continues to grapple with Covid, Singapore stocks are a standout regionally, according to HSBC Private Banking & Wealth Management’s James Cheo. “We are just generally a little bit more cautious on Southeast Asia region, but within which, we are actually positive on Singapore,” Cheo, Southeast Asia chief investment
In this article CLNE CLOVW GME AMC Pedestrians pass in front of an AMC theater in New York. Scott Mlyn | CNBC The price of AMC Entertainment stock has been cut in half from its peak amid a big rout in meme stocks this month as the reality of bubble-like rallies and failing businesses started
zimmytws | iStock | Getty Images The Social Security cost-of-living adjustment for 2022 could be 6.1% due to inflation, according to a new estimate. That would be the biggest increase since 1983, according to non-partisan advocacy group The Senior Citizens League, which calculated the figure. It’s also a bump up from last month’s estimate, when
Later this month more than 39 million households are set to receive advance payments of the Child Tax Credit (CTC) that was expanded in the March 2021 American Rescue Plan. Many households are uncertain about how the advance payments will affect their refunds or taxes owed when they file next year, and some questions about
SrdjanPav | E+ | Getty Images The national ban on evictions is scheduled to be lifted at the end of the month, yet just a sliver of the $45 billion in assistance allocated by Congress has gone out to renters behind on housing payments. The first round of rental aid was authorized by Congress in
The Vermont State Police released this photo of the 2019 Chevrolet Bolt EV that caught fire on July 1, 2021 in the driveway of state Rep. Timothy Briglin, a Democrat. Vermont State Police General Motors is telling owners of 2017-2019 Bolt EVs that were part of a recent recall not to park their vehicles inside
In this article WFC Wells Fargo on Wednesday reported second-quarter earnings and revenue results that topped Wall Street’s expectations as it continued to release funds it had set aside during the Covid-19 pandemic to safeguard against widespread loan losses. Shares of the bank rose 0.5% in premarket trading following the earnings announcement. Here’s how the
Visoot Uthairam | Moment | Getty Images Americans have lost nearly $500 million to Covid-related scams since the start of the pandemic, according to Federal Trade Commission data. And the agency is warning that con artists will likely try to take advantage of families who expect to get monthly payments from the child tax credit,
The chairman and CEO of the world’s largest asset manager told CNBC on Wednesday that he worries about a “silent crisis of retirement,” citing global monetary policies that create disincentives for savers. “Unquestionably, as central banks keep rates low, or negative in Europe, the savers are getting slammed,” BlackRock co-founder Larry Fink said on “Squawk
Westend61 | Westend61 | Getty Images Medicare — the health insurance program relied on by most older Americans — would cover dental, vision and hearing under a budget agreement announced late Tuesday by Senate Democrats. The proposal for expanded coverage was included as part of a plan to spend $3.5 trillion over the next decade
Today, Senate Majority Leader Chuck Schumer (D), Senate Finance Committee Chairman Ron Wyden (D), and Sen. Cory Booker (D) released their discussion draft—the Cannabis Administration and Opportunity Act—for federal descheduling of marijuana. While federal descheduling impacts all states, it does not deschedule marijuana in states which choose to keep their own ban. Nevertheless, descheduling would
This story is part of CNBC Make It’s One-Minute Money Hacks series, which provides easy, straightforward tips and tricks to help you understand your finances and take control of your money. There’s been a lot of discussion about affordable housing recently, especially as home prices and rents hit record levels. Is your current home affordable?
‘Buy the rumor, sell the news’ price action combined with these overbought levels, makes me quite nervous about my tech-heavy portfolio, here’s what I’m doing.
Ben Rains dives into the market’s continued strength to start the third quarter. The episode then looks at Netflix (NFLX) and Snap (SNAP) ahead of their upcoming second quarter earnings releases to see if investors might want to buy either of the stocks for long-term growth within technology. (0:45) – Stock Market Update: Everything You
2022 Jeep Compass Jeep CHICAGO – Jeep is updating one of its smallest SUVs with new technologies and a redesigned interior ahead of the brand’s push into electric vehicles. New features on the 2022 Jeep Compass include active emergency braking and blind-spot monitoring as standard safety technologies as well as optional 10-inch interior screens and
Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America is scheduled to report second-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: 77 cents a share, 108% higher than the year earlier period, according to Refinitiv. Revenue: $21.8 billion, 2.8% lower than a year earlier. Net Interest
Jane Fraser, chief executive officer for Latin American at Citigroup Inc., smiles during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. The conference brings together leaders in business, government, technology, philanthropy, academia, and the media to discuss actionable and collaborative solutions to some of the most important questions
A visual representation of digital currencies. Yuriko Nakao | Getty Images Virtual payments can be costly and slow – which makes them ripe for disruption by digital currencies, particularly stablecoin. What makes virtual payments inefficient is that they occur in a multitude of smaller closed networks: banks facilitate transfers linked to accounts, credit card networks