US President-elect Joe Biden speaks at The Queen theater in Wilmington, Delaware on January 7, 2021, to announce key nominees for the Justice Department. Jim Watson | AFP | Getty Images President-elect Joe Biden’s stimulus proposal includes a bevy of tax credits aimed at stabilizing the finances for American families. Biden’s pandemic aid plan, to
After years in development, Jeff Bezos’ private space company Blue Origin aims to carry its first passengers on a ride to the edge of space in a few months. Blue Origin on Thursday completed the fourteenth test flight of its New Shepard rocket booster and capsule. Called NS-14, the successful test flight featured the debut of
A man enters a building with rental apartments available on August 19, 2020 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images Manhattan apartment rentals nearly doubled in December, signaling a possible turnaround in the city’s struggling real estate market. The number of new leases signed in December jumped
Chip Somodevilla | Getty Images News | Getty Images President-elect Joe Biden’s pandemic relief package would extend income support for millions of unemployed workers through September 2021 and increase jobless benefits by $400 a week, according to an outline obtained by CNBC. Biden would also phase out higher unemployment benefits automatically over time, tying aid
A Delta Air Lines plane lands at Los Angeles International Airport Mario Tama | Getty Images Delta Air Lines halved its cash burn and narrowed its losses in the fourth quarter as the coronavirus pandemic drove the carrier to its worst year ever, the company said Thursday. The Atlanta-based airline posted a net loss of
Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, U.S. December 20, 2020. Paul Sancya | Reuters The Biden administration’s plan to release nearly every available dose of Pfizer and Moderna’s coronavirus vaccines to states shouldn’t cause any supply issues down the road, a
vgajic | E+ | Getty Images People of color are paying more than twice the amount in banking fees than White Americans, a Bankrate survey found. When asked about fees such as ATM, overdraft and routine service charges, Black adults report shelling out an average of $12 a month for checking accounts at banks or
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Earnings season is upon us, but traders will be far less interested in fourth quarter results than in first quarter and second quarter guidance. The problem is it’s not clear that CEOs will cooperate. Banks
While interest in getting vaccinated for Covid-19 might vary, the desire to travel largely does not. A study released by Hilton last October indicated that 95% of Americans miss traveling. But those who either can’t or won’t take a Covid vaccination may find themselves shut out of some routine travel experiences, such as flying, cruising
The Kingdom Tower, operated by Kingdom Holding, left, stands alongside the King Fahd highway, illuminated by the light trails of passing traffic, in Riyadh, Saudi Arabia, on Saturday, Jan. 9, 2016. Waseem Obaidi | Bloomberg | Getty Images Saudi Arabia’s central bank, the Saudi Arabian Monetary Authority (SAMA), is launching a framework for open banking in
A person walks into the Nordstrom store open for business as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 29, 2020 in New York, New York. Rob Kim | Getty Images Nordstrom on Wednesday reported a sales decline of 22% for the nine-week period
Andy Beshear, governor of Kentucky Scotty Perry/Bloomberg via Getty Images Kentucky is sending $400 checks to thousands of unemployed workers in the state who didn’t qualify for an earlier round of relief authorized by President Donald Trump. Other workers whose jobless benefits have been significantly delayed will get $1,000 one-time payments. Gov. Andy Beshear signed
Alistair Berg | DigitalVision | Getty Images Many jobless workers are about to find out they could owe federal and state taxes on their 2020 unemployment income. The news might be particularly unexpected for independent contractors and self-employed people who normally aren’t eligible for state benefits, but may have received Pandemic Unemployment Assistance through the
The first AR1 rocket engine Aerojet Rocketdyne Aerojet Rocketdyne finished building the first in its next-generation AR1 engine series, despite lacking both a customer and plans to test fire it for about two years. The AR1 rocket engine is located at the company’s facility at NASA’s Stennis Space Center in Mississippi – and its completion
Allen J. Schaben | Los Angeles Times | Getty Images The Mega Millions jackpot just won’t quit. With no ticket matching all six numbers drawn Tuesday night, the top prize has shot up to $750 million. The amount — which exceeds the entire economic activity of some small nations — marks the fifth-largest jackpot in
Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell Wednesday: Nordstrom — The retailer’s stock fell more than 3% after the retailer said its holiday period sales dropped
A shopper wearing a face mask due to the coronavirus disease (COVID-19) pandemic browses toys at a Target store in King of Prussia, Pennsylvania, November 20, 2020. Mark Makela | Reuters Target said Wednesday comparable sales rose 17.2% in November and December, as customers bought matching pajamas and gingerbread house kits to celebrate a cozy
Moderna CEO Stephane Bancel Steven Ferdman | Getty Images The CEO of Covid-19 vaccine maker Moderna warned Wednesday that the coronavirus that has brought world economies to a standstill and overwhelmed hospitals will be around “forever.” Public health officials and infectious disease experts have said there is a high likelihood that Covid-19 will become an
Massimo Giachetti | iStock Editorial | Getty Images An aide for the incoming Biden administration said last week the president-elect will extend the payment pause and interest waiver for student loan borrowers beyond this month, when it was set to expire. That means the 42 million Americans with federal student loans will have more time
Dwayne “The Rock” Johnson is one of the most successful entertainers in the world. In 2020, for the second year in a row, Johnson, 48, was the highest-paid actor in the world, according to Forbes. (In 2019, he earned $89.4 million, and $87.5 million last year.) He has also become a savvy businessman as the co-founder of Seven Bucks Productions,
2020 was a record year for stocks, as markets rallied against the escalating coronavirus pandemic. 2021, too, has kicked off to a promising start amid a change in the U.S. administration, vaccine rollouts and still rising cases. That has been a boon for retail investors looking to turn a profit, and the trading platforms they
Shoppers are seen wearing masks while shopping at a Walmart store in Bradford, Pennsylvania, July 20, 2020. Brendan McDermid | Reuters Walmart Chief Customer Officer Janey Whiteside said Tuesday that many of its shoppers don’t expect the economy to quickly bounce back from the pandemic. Almost half of customers surveyed in November told Walmart that
Hundreds of jobless people wait outside the Kentucky Career Center for help with their unemployment claims on June 19 in Frankfort, Kentucky. John Sommers II/Getty Images As President-elect Joe Biden prepares to take office on Jan. 20, one of his first priorities is getting $2,000 stimulus checks approved. A third round of higher payments looked
After bitcoin hit a record high of over $41,000 on Friday, it faced a sell-off on Monday – in turn, the value of the entire cryptocurrency market declined by as much as $200 billion. Those cautious about bitcoin warn that bitcoin is in a market bubble and are concerned that the cryptocurrency’s recent rally is reminiscent of retail
More than two decades ago, Donald Trump the New York developer found refuge at Deutsche Bank after a syndicate of lenders, including predecessor firms to JPMorgan Chase and Citigroup, cut ties with him. Now, after followers of President Trump laid siege on the U.S. Capitol in riots that caused five deaths last week, even Deutsche
Shoppers with their Urban Outfitters shopping bags in Soho in New York Richard Levine | Corbis | Getty Images Urban Outfitters shares tumbled Tuesday after the apparel retailer reported disappointing holiday sales and announced its current chief executive is set to depart at the end of the month. Its stock dropped about 11% in after-hours
Vladimir Vladimirov | E+ | Getty Images The holidays are over, and now the bills are rolling in. While it may have seemed like a good idea at the time, your spending may now feel like a weight dragging you down. “The holidays are about family and I think nothing gets people to spend more
LeBron James of the Los Angeles Lakers at a game against the LA Clippers at ESPN Wide World Of Sports Complex on July 30, 2020 in Lake Buena Vista, Florida. Mike Ehrmann | Getty Images In a search for revenue, state tax departments have set their sights on a tempting target: professional athletes. “If you’re
Getty Images Between the nation’s two largest lottery jackpots, there’s close to $1 billion up for grabs. Mega Millions’ top prize was revised upward on Thursday to $510 million due to strong ticket sales. The next drawing is Friday at 11 p.m. Eastern Time. For Powerball, the jackpot is $470 million, with the next drawing
A resident undergoes a Covid-19 coronavirus test at the basement of a residential compound as part of a mass testing programme following new cases of the virus emerging in Shijiazhuang, in central China’s Hebei province on Jan. 12, 2021. STR | AFP | Getty Images BEIJING — Local authorities in regions near Beijing are stepping
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