Limited land resources mean that seaweed farming could play a part in satisfying our ever-growing demand for food and animal feed. The industry in Europe is only in its infancy, but in Norway, researchers and seaweed farmers believe the country’s long coastline and clean, cold waters mean seaweed has the potential to be a significant
Month: January 2021
Graphene is being touted as the next ‘it’ material and companies like Vorbeck Materials hope it can help cut lithium battery weight and recharge times.
Trevor Williams | DigitalVision | Getty Images As some stocks have climbed to record highs, you may have been tempted to double down on a favorite pick, like Tesla or the latest initial public offering. But at least one money expert is sounding the alarm that some investors may be overexposed to individual stocks. Christine
Federal Reserve Board Chairman Jerome Powell testifies during a Senate’s Committee on Banking, Housing, and Urban Affairs hearing in Washington, DC, U.S., September 24, 2020. Drew Angerer | Reuters There likely will be no nasty tweets in the middle of the night excoriating the Federal Reserve to lower interest rates. Nor will its officials be
One of Wall Street’s biggest bulls sees the stars lining up for the economy. Federated Hermes’ Phil Orlando predicts coronavirus vaccine distribution will rev up within weeks and set the stage for a monster market year. “Our view is by summer — by Independence Day — we will be free of the coronavirus. We’ll reach
A contractor moves roofing material on a home under construction at the Toll Brothers Cantera at Gale Ranch housing development in San Ramon, Calif. David Paul Morris | Bloomberg | Getty Images Just two months ago, homebuilders had never been happier. Buyer demand, driven by the pandemic-induced desire for larger newer homes in the suburbs,
New Jersey Gov. Phil Murphy (D) blamed Walgreens and the federal government for the Garden State’s sluggish vaccine rollout during a Wednesday evening interview on CNBC’s “The News with Shepard Smith.” “The big reason is the federal program with CVS and Walgreens,” Murphy said. “They basically amassed these doses, they schedule visits to long-term care nursing
Georgia Democratic Senate candidates Raphael Warnock (R) and Jon Ossoff (L) bump elbows during a “It’s Time to Vote” drive-in rally on December 28, 2020 in Stonecrest, Georgia. Jessica McGowan | Getty Images Democrats are expected take control of the Senate on Wednesday when three new members of the party are sworn in. Democratic Senators-elect
US President-Elect Joe Biden speaks at Major Joseph R. “Beau” Biden III National Guard /Reserve Center in New Castle Airport on January 19, 2021, in New Castle, Delaware, before departing for Washington, DC. Jim Watson | AFP | Getty Images President Joe Biden on Wednesday plans to extend the payment pause on federal student loans
A Starlink user terminal attached to the roof of a building. SpaceX SpaceX has launched more than 1,000 of its Starlink high-speed internet satellites to date and, as it seeks regulatory approval in other countries, Elon Musk’s company is now offering early public access to the service in Canada and the U.K. “Earlier this month
The Netflix logo is shown in this illustration photograph in Encinitas, California. Mike Blake | Reuters Check out the companies making headlines in midday trading. Netflix — Shares of the streaming giant popped 14% after the company’s fourth quarter report beat Wall Street expectations for revenue and subscribers, which topped 200 million. Netflix also said
(L-R) Doug Emhoff, U.S. Vice President-elect Kamala Harris, Jill Biden and President-elect Joe Biden wave as they arrive on the East Front of the U.S. Capitol for the inauguration on January 20, 2021 in Washington. Joe Raedle | Getty Images President Joe Biden on Wednesday is expected to extend the federal ban on evictions through
U.S. Secretary of State Mike Pompeo speaks during a press conference at the Great Hall of the People on June 14, 2018 in Beijing, China. Lintao Zhang | Getty Images WASHINGTON – The Chinese government slapped sanctions on former Secretary of State Mike Pompeo, former National Security Adviser Robert O’Brien and former trade adviser Peter
Joe Biden is sworn in as the 46th President of the United States on the West Front of the U.S. Capitol in Washington, January 20, 2021. Kevin Lamarque | Reuters Joseph Robinette Biden Jr. became the 46th U.S. president on Wednesday, completing the most daunting power transfer in recent American history. Inaugurated in a fortified
Stefani Reynolds/Bloomberg via Getty Images ‘Potentially erroneous’ QBI deductions The IRS allowed business owners to claim $57 million in “potentially erroneous” deductions on 12,980 tax returns filed last year, according to a report publicly released Tuesday by the Treasury Inspector General for Tax Administration. The watchdog urged the tax agency to increase its oversight of
An 8500 series oil rig ENSCO Elon Musk’s SpaceX bought two deepwater oil rigs last year and is converting them into floating launchpads, to support the enormous Starship rockets that the company is developing. The rigs are in the Port of Brownsville, near SpaceX’s Starship development facility in Boca Chica, Texas. The rigs have been
A symbol of TikTok (Douyin) is pictured at The Place shopping mall at dusk on August 22, 2020 in Beijing, China. VCG | Visual China Group | Getty Images GUANGZHOU, China — ByteDance has launched a new payment service within Douyin, the Chinese version of short-video sharing app TikTok. Douyin users can choose Douyin Pay
President-elect Joe Biden will in the first few hours of his presidency sign more than a dozen executive orders to address a litany of challenges ranging from the Covid-19 pandemic to the student debt crisis. Biden’s orders will also work to reverse many of those issued by President Donald Trump, including the so-called Muslim travel
President Donald Trump in a prerecorded farewell address touted his record on the economy and foreign policy, while glossing over the Capitol riot that consumed the final weeks of his presidency. He also failed to mention his successor, Joe Biden, by name. Biden will be inaugurated as the nation’s 46th president Wednesday. Trump’s nearly 20-minute
Lev Radin/Pacific Press/LightRocket via Getty Images The state would raise the top tax rate to 10.86%, up from 8.82%, Cuomo said. That would yield a top rate of 14.7% for the wealthiest New York City residents in combined taxes. “[It] would be the highest income tax in the nation,” Cuomo said. This is a developing
Janet Yellen’s journey to become the first female Treasury secretary in U.S. history moved smoothly through a critical Senate hearing Tuesday, with a vote on her confirmation likely to happen before the end of the week. An audience of mostly friendly legislators questioned Yellen across a variety of topics, from taxation to China to climate
The Leuthold Group’s Jim Paulsen sees trouble lurking as investors embrace growing odds of another stimulus package. Even though the long-time bull acknowledges massive aid has been necessary to steer the U.S. through the coronavirus crisis, he’s worried too much spending will spark sharp inflation. In a recent note, Paulsen called it the “most significant risk
A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November. George Frey | Bloomberg | Getty Images Anyone looking to buy a home today is likely frustrated by sky-high prices and slim pickings. But President-elect Joe Biden, who takes
Former Homeland Security secretary Janet Napolitano told CNBC’s “The News with Shepard Smith” that the storming of the Capitol on Jan. 6 was “incited” by President Donald Trump, and criticized him for fueling the “Big Lie” that the Nov. 3 election was stolen from him. “He hasn’t said what would be the most helpful, which
Senate Minority Leader Charles Schumer, D-NY, (R) stands with Senate Majority Leader Mitch McConnell, R-Ky., (L) as they attend the Electoral College vote certification for President-elect Joe Biden, during a joint session of Congress at the US Capitol in Washington, DC, January 6, 2021. Kevin Dietsch | Pool | AFP | Getty Images Preparing for
DEA / M. BORCHI | De Agostini | Getty Images Waiving PUA overpayments “It’s up to the states,” said Andrew Stettner, a senior fellow at the Century Foundation. “I am hoping [they] will seek to follow the idea that there are a lot of mistakes made with PUA.” Most states do waive overpayments made through
A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Retail investing behemoth Charles Schwab beat Wall Street’s profit and revenue expectations for the fourth quarter, the first earnings report following Schwab’s $26 billion acquisition of rival TD Ameritrade. Charles Schwab on
Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. Ezra Shaw | Getty Images Check out the companies making headlines in midday trading. General Motors — Shares of the automaker surged 9% after the announcement that Microsoft was investing in Cruise, GM’s autonomous vehicle project. As
Clean energy could be the ETF theme of the year. That’s what two market analysts predict as the group builds on its gains since Election Day with the prospects of President-elect Joe Biden’s green infrastructure plan on the horizon. The combination of supportive policy changes and technological advancements should continue to fuel the space, Anna
US President Donald Trump’s supporters gather outside the Capitol building, January 6, 2021. Probal Rashid | LightRocket | Getty Images President Donald Trump and others provoked the swarms of his supporters that stormed the U.S. Capitol, Senate Majority Leader Mitch McConnell said Tuesday. “The mob was fed lies. They were provoked by the president and
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