In this article WFC Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo on Friday posted quarterly revenue that exceeded analysts’ expectations and a significant jump in profit. Shares of the bank climbed about 2% following the earnings announcement. Earnings per share: Adjusted
The Dyrt co-founders Kevin Long and Sarah Smith work out of their camper van while traveling around the country. The Dyrt Sarah Smith and Kevin Long have taken remote work to a new level. Their office is a camper van. The location varies. The married couple, co-founders of camping app The Dyrt, ditched their Portland,
In this article DIS SAM BLK JPM WFC SHW Check out the companies making headlines before the bell: BlackRock (BLK) – BlackRock earned an adjusted $10.42 per share for the fourth quarter, beating the consensus estimate of $10.16, although revenue for the asset manager was slightly below forecasts. Assets under management rose above the $10
A Neta (Nezha) V electric car is on display at the Hozon Auto stand during an auto show in Tianjin, China, on Oct. 4, 2021. VCG | Visual China Group | Getty Images BEIJING — Tesla and BYD remained by far the market leaders in China’s electric car market in 2021, while new competitors emerged
U.S. stock indexes were little changed during early morning trading on Friday, ahead of earnings from the major banks. Futures contracts tied to the Dow Jones Industrial Average advanced 46 points, or 0.12%. S&P 500 futures were up 0.05%, while Nasdaq 100 futures rose 0.06%. All of the major averages slid during regular trading on
Despite President Joe Biden’s upbeat comments on what seem to be early signs of a peak in inflation, used car prices continue to rise at levels not seen at any time this century prior to the Covid-19 pandemic. The Biden administration has blamed much of the rising inflation rates in the country on the used
A healthcare worker prepares a syringe with the Moderna COVID-19 vaccine at a pop-up vaccination site operated by SOMOS Community Care during the COVID-19 pandemic in Manhattan in New York City, January 29, 2021. Mike Segar | Reuters The Supreme Court ruling that barred the Biden administration’s Covid vaccine mandate for employees of large employers
Philadelphia Federal Reserve President Patrick Harker said Thursday he foresees three or four interest rate hikes will be appropriate this year as the central bank tackles a nagging inflation problem. His thinking, outlined in a live interview on CNBC’s “Closing Bell,” is consistent with estimates the policymaking Federal Open Market Committee released in December. But
In this article NAVI Navient, one of the largest student loan servicers, will cancel $1.7 billion in private student loans after a deal it reached with 39 states. The settlement, announced on Thursday, resulted from accusations the lender gave out loans to millions of borrowers who’d be unlikely to be able to repay them. It
Getty Images The pension plans of big U.S. companies haven’t looked this good since before the 2008 financial crisis — and that’s good news for workers and employers. A pension’s “funded” status is a core gauge of its health. It’s a measure of plan assets relative to liabilities (how much money the plan needs to
“Taxes” engraved at IRS headquarters in Washington, D.C. Andrew Kelly | Reuters Next week may be the last chance for some filers to avoid a tax penalty and reduce their bill in April. The deadline for fourth-quarter estimated tax payments is Jan. 18, applying to income from self-employment, small businesses, gig economy work, investments and
In this article SPCE Spacecraft VSS Unity lands on the runway at Spaceport America in New Mexico after the company’s fourth spaceflight test on July 11, 2021. Virgin Galactic Shares of Virgin Galactic fell in trading on Thursday after the company announced plans to raise up to $500 million in debt. “The company intends to
U.S. stock futures were steady in overnight trading on Wednesday after the Nasdaq Composite rose for the third session despite a red-hot consumer price index report. Dow futures rose just 20 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures rose 0.04%. Shares of homebuilder KB Home rallied more than 6% in after hours
A soldier transports a patient at UMass Memorial Medical Center in Worcester, Massachusetts on December 30, 2021. Joseph Prezioso | AFP | Getty Images President Joe Biden on Thursday will announce the deployment of six teams of military medical personnel to overwhelmed hospitals in New York, New Jersey, Ohio, Rhode Island, Michigan and New Mexico,
FatCamera | E+ | Getty Images Last year’s child-care expenses may be worth more at tax time than you realize. The child and dependent care tax credit, as it’s called, was expanded in several ways for 2021 alongside other tax changes. This means many families will get a bigger tax break and the credit could
In this article .SPX FB GOOGL AAPL Getty Images There has been tremendous focus on how significant a small number of stocks were to the S&P 500‘s nearly 29% total return in 2021. Perhaps this typifies sour grapes, as most active managers underperformed the S&P 500 last year. Witnessing the top contributors — Apple, Microsoft,
David Abner, Gemini’s Global Head of Business Development. Source: David Abner Gemini, the $7.1 billion crypto exchange, is getting into wealth management with the acquisition of a digital asset platform for financial advisors, CNBC has learned exclusively. The company has agreed to purchase BITRIA, a five-year-old San Francisco-based start-up whose tools help advisors manage holdings
In this article DAL A Delta airlines aircraft landing from Los Angeles at Kingsford Smith International airport on October 31, 2021 in Sydney, Australia. James D. Morgan | Getty Images Delta Air Lines said Thursday that the surge of the omicron variant of Covid-19 will drive it to a first-quarter loss, but that it still
Workers transport a shipment of the Cuban Soberana Plus vaccine against the novel coronavirus disease, COVID-19, to be donated by the Cuban government to Syria, at Jose Marti International Airport in Havana, on January 7, 2022. YAMIL LAGE | AFP | Getty Images Cuba has vaccinated a greater percentage of its population against Covid-19 than
Kim Kardashian arrives for the 2018 Met Gala on May 7, 2018, at the Metropolitan Museum of Art in New York. Angela Weiss | AFP | Getty Images Kim Kardashian and Floyd Mayweather are being sued over allegations they misled investors when promoting a little-known cryptocurrency called EthereumMax to their millions of social media followers.
Apartment buildings on the Upper East Side neighborhood of New York. Victor J. Blue | Bloomberg | Getty Images Manhattan rents hit their highest level ever for a December as the supply of apartments plummeted and landlords started demanding double-digit increases. The average apartment rent in Manhattan hit $4,440 in December, while the more widely
New Jersey Governor Phil Murphy speaks to volunteers as he meets with Newark Mayor Ras Baraka during the gubernatorial election in Newark, New Jersey, November 2, 2021. Eduardo Munoz | Reuters New Jersey Gov. Phil Murphy reinstated a public health emergency Tuesday as hospitals struggle to keep up with an influx of patients as Covid
The upcoming tax-filing season is shaping up to be a chaotic one. The National Taxpayer Advocate on Wednesday released a report to Congress detailing processing issues at the IRS last year and also offering a warning for this year’s tax season, which will begin when the agency starts accepting 2021 returns on Jan. 24. “I
In this article CROX DASH BIIB A person skateboards past Biogen Inc. headquarters in Cambridge, Massachusetts, on Monday, June 7, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making headlines in midday trading Wednesday. Biogen — Shares of Biogen fell more than 9% after Medicare said it would only cover the
Sinenkiy | iStock | Getty Images Social Security beneficiaries are receiving the highest cost-of-living adjustment in decades, thanks to rising inflation. That 5.9% increase went into effect in January. Prices have continued to climb higher since that change was announced in October. The Consumer Price Index, a government measure for price changes for certain goods,
A San Francisco grocery store. David Paul Morris/Bloomberg via Getty Images Inflation is taking a big bite out of workers’ paychecks, eroding many of the raises businesses have offered to attract and keep employees in a hot job market. But strong wage growth in certain sectors, such as hotels and restaurants, has eclipsed those consumer
Covid’s omicron variant is currently tearing through the U.S. and the rest of the world at a record-breaking pace — but Bill Gates sees hope on the horizon. Once the current surge abates, countries can expect to see “far fewer cases” through the rest of 2022, Gates wrote on Tuesday during a Twitter Q&A with
Excelling in college and getting a good job was the only path Boston native Caroline Vo, now 36, felt she could follow. “I come from Vietnamese immigrant parents: It was very much ingrained that you go to school, work hard, get good grades, and then you go to college, get a good job, and kind
Here are the most important news, trends and analysis that investors need to start their trading day: Wall Street looks higher after two-session tech rebound Consumer prices rise at fastest clip since 1982, but matched estimates Fed chief Powell says tighter policy needed to control inflation Omicron may be headed for a rapid drop in
In this article DASH AJRD DIDI PHIA-NL OCGN BIIB Check out the companies making headlines before the bell: DoorDash (DASH) – The stock added 2.6% in the premarket after Evercore upgraded it to “outperform” from “in line.” Evercore said the delivery service has strong fundamentals and the stock is at an attractive valuation. Separately, Meta
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