In this article AMZN Andy Jassy, CEO of Amazon Web Services. Patrick T. Fallon | Bloomberg | Getty Images Amazon said in a filing on Friday that it will grant Andy Jassy 61,000 shares of stock on Monday, when he replaces Jeff Bezos as the online retailer’s second CEO. The shares will vest over a
Three sun-and-sand spots — California, Florida and Hawaii — account for a quarter or more of all flights and car rentals this weekend. Erik Isakson | Tetra images | Getty Images As people head into the long July 4 weekend, travel bookings are at last nearing pre-pandemic levels, according to a new analysis from TripIt
In recent years, countries have been debating significant changes to international tax rules that apply to multinational companies. This week there was a breakthrough in discussions, and an outline for the new rules was released by the Organisation for Economic Co-operation and Development (OECD). If today’s global tax agreement is fully implemented, large U.S. companies
A “For Sale” sign is seen in front of a home in Miami, Florida. Joe Raedle | Getty Images Record high home price appreciation is sidelining ever more buyers and finally taking the bang out of the pandemic-induced housing boom. Weekly mortgage demand is falling along with it, down 6.9% for the week according to
In this article REGN NTLA Following a breakthrough trial where gene-editing technology CRISPR completed its first systematic delivery as medicine to a human body, Intellia Therapeutics CEO John Leonard said he hopes the gene therapy could be made available to patients “very, very soon.” “These approaches are subjected to the standard sorts of clinical trials
In this article F Bronco SUVs in production at Ford’s Michigan Assembly plant, June 14, 2021. Michael Wayland | CNBC DETROIT – Ford Motor’s June and second quarter sales were below analyst expectations as a global shortage of semiconductor chips caused significant production cuts and inventory constraints. Ford sold 475,327 vehicles during the second quarter,
Take a look at some of the biggest movers in the premarket: Virgin Galactic (SPCE) – Virgin Galactic shares soared 28.2% in the premarket after it announced that founder Richard Branson plans to be aboard a planned July 11 space flight. The flight would be 9 days before a scheduled Blue Origin flight would take
China cracking down on bitcoin mining and Elon Musk suspending Tesla’s acceptance of bitcoin due to the large amounts of energy it takes to mine have both contributed to the cryptocurrency losing almost half its value from its high of over $64,000 in April. It’s also making it hard for even bitcoin bulls to ignore
Virgin Galactic shares surged on Friday after the space tourism venture announced its next spaceflight test will carry founder Sir Richard Branson. The mission – with two pilots guiding spacecraft VSS Unity carrying Branson alongside three Virgin Galactic employees – plans to launch on July 11 from the company’s operations hub at Spaceport America in
skynesher As Covid-19 restrictions lift and summer kicks off, it may be tempting to get distracted by vacations, concerts, barbecues and camping. But financial experts say it’s also the perfect opportunity for a midyear tax progress report. A tax checkup shows if you’re on track and may uncover ways to save over the next six
It was February 2020. Brittany Jones had high expectations for the Atlanta-based Airbnb rental business she had just launched. “‘Oh wow, this is going to be great,’” she said she remembers thinking. “We were getting bookings fast, well into the summer.” The 34-year-old single mom was soon pouring her hard-earned savings into the venture as
After weeks of deliberations, Arizona Gov. Doug Ducey (R) this week signed into law a budget for fiscal year (FY) 2022 that reduces the state’s individual income tax rates and consolidates brackets, a plan that will help restore Arizona’s reputation as a low-tax alternative to California. The enacted law kept the basic framework of the
A demonstrator at a June 30 Cancel Rent and Mortgages rally in Minneapolis. Brandon Bell | Getty Images The nation’s mortgage servicers are gearing up for the biggest wave of delinquent loans since the subprime mortgage crisis, but this time they say they are ready. The first wave of borrowers to enter the government’s coronavirus
Learn more about the Bull and Bear of the day go to https://www.zacks.com/bull
It’s time to rebalance your portfolio for the economic shift in demand towards the proclivities of the new normal.
Two women in face masks walk along a shopping area on April 19, 2021 in Dubai, United Arab Emirates. Francois Nel | Getty Images News | Getty Images Vaccination campaigns in several Middle East nations raced ahead of the rest of the world at the beginning of 2021. Israel, the United Arab Emirates and Bahrain
Chinese communist leader and Chinese President Xi Jinping spoke at the celebration for the 100th founding anniversary of the Chinese Communist Party on July 1, 2021 in Beijing, China. Lintao Zhang | Getty Images News | Getty Images BEIJING — One hundred years since the founding of China’s Communist Party — which it says was
Getty Images Danish households are the richest in the European Union, according to a data analysis by the country’s central bank. The average household in Denmark had 1.88 million Danish krone ($300,000) in financial assets as of the fourth quarter of 2020. The data, released Wednesday, was extracted from the European Central Bank’s disclosure of
In this article AMC GME Michael Burry attends the “The Big Short” New York premiere at Ziegfeld Theater on November 23, 2015 in New York City. Jim Spellman | WireImage | Getty Images “The Big Short” investor Michael Burry believes Reddit-favored meme stocks are set to crash like the dot-com and housing market bubbles of
In this article DNUT Biden administration says it will fall short of its Fourth of July vaccination goal All the free beer, doughnuts and baseball tickets won’t be enough to keep up the pace of vaccinations. President Joe Biden’s goal of getting at least one shot in the arms of 70% of U.S. adults before the