lisegagne | E+ | Getty Images Barbarett Corbbins was relieved when she saw an extra $500 deposited into her bank account last week. She had received letters from the IRS that she was eligible for child tax credit payments for her two children, ages 10 and 17, but had forgotten when the money was to
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Economist Stephen Roach warns Beijing’s crackdown against U.S.-listed China stocks will have widespread market implications. Roach, who is considered one of the world’s leading experts on Asia, believes the actions are signaling the early stages of a cold war. “I am a congenital optimist when it comes to China. But I find these actions really
U.S. Treasury yields ebbed lower on Monday morning, with investor attention focused on the Federal Reserve two-day monetary policy meeting this week. The yield on the benchmark 10-year Treasury note fell 5 basis points to 1.233% at 3:30 a.m. ET. The yield on the 30-year Treasury bond dipped 5 basis points to 1.872%. Yields move
A concert at Red Rocks Park and Amphitheatre outside Denver. John P Kelly | The Image Bank Unreleased | Getty Images With the pandemic upending where Americans live and work, many now face the dizzying maze of income tax issues. However, workers in some industries, such as entertainment, have been dealing with these problems for
Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE Stock futures opened little changed after the major averages finished the previous session at record closing highs and ahead of a heavy week of earnings reports from technology’s heaviest hitters. The Dow Jones Industrial Average eased by 5 points,
In this article 6694.T-JP Zoom founder Eric Yuan poses in front of the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City. The video-conferencing software company announced it’s IPO priced at $36 per share, at an estimated
A sign warns of extreme heat in Death Valley, California, U.S., July 11, 2021. Bridget Bennett | Reuters Stifling heat is forecast to spread across much of the continental U.S. next week, with areas like the Great Plains and Midwest set to see temperatures climb 10 to 15 degrees above average, according to the National
In this article MORN A_Carina | iStock | Getty Images Bonds are typically thought of as the safer part of an investors’ portfolio — a form of protection when the stock market gets unruly. Yet as inflation becomes a growing concern, that form of security is looking a little wobbly. “One of the single greatest
Starbucks coffee shop logo seen at one of their stores. Stephen Zenner | LightRocket | Getty Images Wall Street is gearing up for the busiest week of earnings season. Several stock market heavyweights are lining up to release their second-quarter prints, and analysts are taking note. The stocks mentioned in this article have just
In this article INTC SNAP TWTR SAM SKX The Twitter logo is displayed on a smartphone screen on April 14, 2021. NurPhoto | NurPhoto | Getty Images Check out the companies making headlines after the bell: Twitter — Shares of Twitter jumped more than 4% after hours following a strong quarterly earnings report. The social
Rep. Adam Kinzinger (R-IL) speaks after the Republican House caucus voted to remove Rep. Liz Cheney (R-WY) of her leadership, at the U.S. Capitol on on May 12, 2021 in Washington, DC. Kevin Dietsch | Getty Images House Speaker Nancy Pelosi has added Republican Rep. Adam Kinzinger, an outspoken Trump critic, to the House select
China said Friday it has sanctioned seven people, including former Trump Commerce Secretary Wilbur Ross, in response to U.S. penalties imposed on Chinese officials over Beijing’s clampdown on democracy in Hong Kong. The reciprocal sanctions were imposed under China’s new Anti-Foreign Sanctions Law, which was passed in June. The sanctions are a response to the
Cecilie Arcurs | Getty Images A growing number of states are offering pass-through business owners a workaround for the $10,000 federal deduction limit for state and local taxes, known as SALT. A controversial part of Republicans’ 2017 tax overhaul, the SALT write-off cap is costly for filers who itemize deductions and can’t claim more than
Chinese private educational company New Oriental logo seen in Shanghai. SOPA Images | LightRocket | Getty Images BEIJING — Two U.S.-listed Chinese education stocks plunged sharply in pre-market trading Friday after reports of a government crackdown on the sector that included bans on foreign investment. TAL Education shares fell 55% in extended, early-hours trading. New
A man wearing a protective face mask walks by 14 Wall Street in the financial district of New York, November 19, 2020. Shannon Stapleton | Reuters A volatile environment for government bonds is reflecting a highly uncertain future for the U.S. economy, pointing to both slower growth and stubborn inflation. After a burst higher earlier
In this article AMZN AAPL FB GOOGL San Francisco Compassandcamera | Getty Images Many lawmakers are eager to rein in the power of the largest tech companies: Amazon, Apple, Facebook and Google. But some of their proposals could actually hurt the smaller companies they’re meant to protect, venture capitalists warned CNBC. VCs are particularly concerned
A man attends the funeral of slain Haitian President Jovenel Moise, at Moise’s family home in Cap-Haitien, Haiti, Friday, July 23, 2021. Matias Delacroix | AP A U.S. delegation that attended the funeral of late Haitian president Jovenel Moise on Friday is safe and returning to the U.S. following reports of gunshots and crowd control
When Lawrence Carpenter was released from prison in 2001, he was determined to make a better life for himself and his family. Yet he knew that having a criminal record would make it tough to find a job. “I shouldn’t have to live in poverty for the rest of my life because I made a
In this article HON TWTR INTC SAM SNAP Pedestrians walk past Skechers shoes displayed outside of a store in San Francisco, California. Getty Images Check out the companies making headlines before the bell Friday: American Express – American Express gained 3.3% after reporting quarterly earnings of $2.80 per share. That beat the consensus estimate of
Weekly jobless claims unexpected moved higher last week despite hopes that the U.S. labor market is poised for a strong recovery heading into the fall. Initial filings for unemployment insurance totaled 419,000 for the week ended July 17, well above the 350,000 Dow Jones estimate and more than the upwardly revised 368,000 from the previous
In this article DIS Signage outside Caesars Palace hotel and casino in Las Vegas, Nevada, on Sunday, May 02, 2021. Roger Kisby | Bloomberg | Getty Images Walt Disney executives won’t be traveling to Las Vegas next month to attend the National Association of Theatre Owners’ CinemaCon. The company cited growing concerns over the Covid-19
The Royal Caribbean’s Odyssey of The Seas arrives at Port Everglades on June 10, 2021 in Fort Lauderdale, Florida. Joe Raedle | Getty Images A federal appeals court on Friday sided with Florida in its challenge against the Centers for Disease Control and Prevention over federal regulations for cruise ships that the state said were
When it comes to getting into investing, keeping it simple is key, according to investing legend Charles Ellis. In fact, he equates it to parenting teenage children. “Every parent of teenage children realizes at some point or another, less is better,” Ellis told CNBC contributor Jenny Harrington in an interview for CNBC Pro. (Harrington is
In this article CYDY Young chemist working with chemical substances during scientific experiment in laboratory. skynesher | E+ | Getty Images Company: CytoDyn Inc. (CYDY) Business: CytoDyn is a late-stage biotechnology company. The company focuses on developing treatments for multiple therapeutic indications based on leronlimab, a novel humanized monoclonal antibody targeting the CCR5 receptor. Its
Anthony Scaramucci, former director of communications for the White House and founder of SkyBridge Capital LLC, speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, on May 8, 2019. Joe Buglewicz | Bloomberg | Getty Images Anthony Scaramucci, founder and co-managing partner of SkyBridge, told CNBC on Friday he’s mandated Covid shots at
A National Park Service worker replaces a flag at the Washington Monument which reopened today following a six month closure due to COVID-19 safety measures, in Washington U.S., July 14, 2021. Kevin Lemarque | Reuter The U.S. economy is expected to post another roaring growth spurt in the second quarter, before a slow and steady
In this article ADM ICE FNV-CA TPL CRL INFL Rising inflation may threaten the market’s largest stocks, but it does have some potential beneficiaries. The Horizon Kinetics Inflation Beneficiaries ETF (INFL), which launched in January, identifies and groups those names to offer investors protection in inflationary environments, its co-portfolio manager James Davolos told CNBC’s “ETF
Bernie Madoff leaves federal court in New York on March 10, 2009. Jin Lee | Bloomberg via Getty Images Some people might argue that Bernie Madoff was grossly overpaid even at just 24 cents per hour for working as an orderly in prison. Madoff, the late Ponzi scheme king who ripped off thousands of people
Nicolas Economou/NurPhoto via Getty Images More than 1 in 10 Americans invested in cryptocurrency over the past year, according to a survey published by the University of Chicago, a sign of the popularity of digital currencies like bitcoin and ethereum. Specifically, 13% bought or traded crypto in the past 12 months — by comparison, 24%
In this article AXP INTC SAM HON TWTR S3 Studio | Getty Images Check out the companies making headlines in midday trading. Snap — Shares of Snap soared roughly 24% after better-than-expected second-quarter earnings results. The social media company reported strong growth of users, engagement and ads. Twitter — Twitter shares gained 3.4% after reporting its fastest revenue
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