In this article AMZN An AWS Ground Station satellite antenna at one of the company’s data center in Boardman, Oregon. Amazon Amazon Web Services announced the launch of a new space startup assistance program on Tuesday, with the tech giant partnering with U.K.-based venture firm Seraphim Capital on the project. The AWS Space Accelerator is
In this article FB SFY Monitors display Bumble signage during the company’s initial public offering in front of the Nasdaq MarketSite in New York on Feb. 11. Bloomberg | Getty Images It looks like Main Street is poised to get in on an investment that’s been largely off-limits: initial public offerings. At least two trading
Sen. Bernie Sanders, I-Vt., speaks at an event in Birmingham, Alabama, on March 26, 2021. Andi Rice/Bloomberg via Getty Images A group of Senate Democrats issued a proposal Monday to tax unrealized capital gains of wealthy estates at death. The plan comes as President Joe Biden prepares to unveil a major infrastructure plan that’s expected
CNBC’s Jim Cramer said Tuesday he was skeptical about the latest exchange-traded fund launched by Cathie Wood’s Ark Invest. “One look at the newly launched ARK Space Exploration ETF tells you everything you need to know about how managers can’t resist creating new funds, even if there’s no reason for them to exist,” Cramer said
In this article LULU Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Lululemon on Tuesday reported revenue and profit for the holiday quarter that topped analysts’ estimates, boosted by the athletic apparel maker’s online business, and double-digit
In this article US10Y SMH MCHP NXPI TXN ADI .IXIC Paul Meeks is wary of the group that made him famous on Wall Street. The investor, known for running the world’s largest technology fund during the late 1990s, says it’s the wrong time to aggressively put money to work in tech. “You have to play
In this article ETH.CM= BTC.CM= The buyer of the $69 million NFT by the artist Beeple said he was prepared to bid even higher, since it will be seen by history as the starting point of a new age of digital art. In his first television interview, Vignesh Sundaresan, also known as MetaKovan, told CNBC’s
In this article BAC Patrick T. Fallon | Bloomberg | Getty Images Bank of America is expanding its racial justice initiative, devoting more funding toward advocacy and equality for communities of color. “The urgency we feel to address long-standing issues of inclusion and racial inequality has only increased following the attacks and hate speech directed
Robert Daly | Getty Images The Biden administration is expanding an existing pause on student loan interest and collections to include more than 1.1 million borrowers who are in default, the U.S. Department of Education announced Tuesday. The borrowers, whose defaulted loans are part of the Federal Family Education Loan program, were ineligible for the
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Home price gains are accelerating at an alarming pace, fueled by Covid pandemic-related inflation, which some claim is not getting enough attention from the Federal Reserve. Home prices nationally
SpaceX The latest SpaceX prototype of its Starship rocket was destroyed during a landing attempt after a clean launch on Tuesday. The company’s livestream of the flight test froze as the rocket came in to land, and thick fog around SpaceX’s facility in Texas made it difficult for witnesses to see what happened. Starship prototype
In this article 8604.T-JP CSG.N-CH MS .BBKA GS American flags hang from the facade of the New York Stock Exchange (NYSE) building in New York January 28, 2021. Mike Segar | Reuters The diverging fortunes of major banks in the fallout from the Archegos Capital Management meltdown has posed serious questions for global regulators, experts
Self-made billionaire Mark Cuban has created and invested in many profitable companies — and one of his secrets to success is hiring the right people. “You want the best,” Cuban, investor on ABC’s “Shark Tank” and owner of the Dallas Mavericks, said on a recent episode of the “Starting Greatness” podcast. “You want the people
In this article VIACP TME 9888-HK VIPS DISCA CSG.N-CH 8604.T-JP A massive margin call affected a little-known family office last Friday, incurring billions of dollars in losses for certain banks involved and jolted the overall volatility in the broader market. Archegos Capital Management’s leveraged bets in ViacomCBS blew up and ignited a whopping $20 billion wave
In this article HMN Students sit behind barriers during a March 24 in-person English class at St. Anthony Catholic High School in Long Beach, California. Patrick T. Fallon | AFP | Getty Images Nothing beats being in a classroom. After a year of school closings and distance learning amid the coronavirus crisis, more than half
Table of Contents Executive Summary Income tax repeal is on the agenda in West Virginia, with Governor Jim Justice (R) and Republicans in both the House and Senate releasing plans for dramatically lowering or eliminating the state’s individual income tax. Despite their shared aims, these plans represent vastly different approaches. They are not even aligned
Oxford Street empty of shoppers as the national coronavirus lockdown three continues. Mike Kemp | In Pictures | Getty Images LONDON — The International Monetary Fund has raised concerns over commercial property and the risk it could pose to financial stability, as the sector faces a series of challenges on the back of the coronavirus
The double mutation of a Covid-19 variant discovered in India is of grave concern — and could spread to other countries, according to Dr. Kavita Patel, a non-resident fellow at the Brookings Institution. “It is something to watch very closely, and something that will not be limited to India. It is something we will likely
In this article VIACP DISCA 9888-HK 700-HK 8604.T-JP CSG.N-CH The warning by Japanese investment bank Nomura that it could incur billions of dollars in losses at a U.S. subsidiary was “pretty unfortunate,” an analyst said on Tuesday. Nomura on Monday flagged a potential $2 billion loss resulting from transactions with a client stateside. The bank’s
In this article GS VIAC DISCA 8604.T-JP CSG.N-CH GME CNBC’s Jim Cramer on Monday implored younger investors to stay in the market for the long term, despite turbulent events this year, including, most recently, the forced liquidation of positions held by a multibillion dollar family office. “We don’t want it to be 2000 when we