In this article @NG.1 The Point of Ayr Gas Terminal in Talacre, Wales, on September 20, 2021. Christopher Furlong | Getty Images A global energy crunch is sending natural gas prices soaring in the U.K., Europe and Asia hitting record highs. However, experts say the stratospheric prices seen in Europe are unlikely to carry over
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In this article MRO FANG MRNA OTLY The GM logo is seen on a water tank of the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. Daniel Becerril | Reuters Check out the companies making headlines in midday trading. Energy — Energy stocks dominated the top performing spots in
It’s one thing to come up with a $1 billion business idea. It’s quite another to come up with a string of them. But for entrepreneur Aaron Tan, it was fundamental. If he was going to start a business, it had to have room to grow. That’s a strategy instilled in him in his early
SpaceX’s Starship rocket production facility in Boca Chica, Texas, as CEO Elon Musk (third from the right) and President Gwynne Shotwell (third from the left) tour. Steve Jurvetson on flickr The valuation of Elon Musk’s SpaceX crossed $100 billion following a share sale by existing investors announced this week, CNBC has learned. SpaceX has an
Drazen Zigic | iStock | Getty Images For financial advisors, the focus is often on growing their business, not passing it on to new owners. However, succession planning should be a key consideration in running a financial advisory firm, experts say. Yet research shows that most firms don’t have a plan in place — which
quavondo | E+ | Getty Images For lower-income Hispanic and Latina mothers, affordable and accessible child care would be a lifeline. As the country celebrates National Hispanic Heritage Month, it looks like that may soon become a reality. Democrats have set a deadline of Oct. 31 to enact President Joe Biden‘s economic agenda, which includes
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Recent proposals to increase the effective tax rates (ETRs) faced by multinationals rely on the argument that these firms achieve artificially low tax rates by shifting profits to foreign tax havens and other low-tax countries. By raising the tax rates on the foreign income of U.S. multinationals, these proposals would supposedly reduce profit shifting. However,
Korean Air Lines Co. aircraft sit on the tarmac at Incheon International Airport in Incheon, South Korea, on Wednesday, Aug. 12, 2020. SeongJoon Cho | Bloomberg | Getty Images SINGAPORE — Quarantine-free travel between Singapore and South Korea will start from Nov. 15 for vaccinated travelers, the city-state’s transport ministry announced Friday. The two countries
A South Korean flag, left, and Samsung Electronics flag fly outside the company’s headquarters in Seoul, South Korea, on July 5, 2019. Jean Chung | Bloomberg | Getty Images Samsung Electronics shares edged higher on Friday after the company said its operating profit for the quarter that ended in September was likely 28% higher than
U.S. stock index futures were flat during overnight trading on Thursday as Wall Street awaits Friday’s key September jobs report. Futures contracts tied to the Dow Jones Industrial Average gained 19 points. S&P 500 futures were up 0.06%, while Nasdaq 100 futures advanced 0.08%. Stocks advanced during regular trading on Thursday as Washington reached a
People wear masks while walking along a street on October 3, 2021 in Wuhan, Hubei province, where a yellow high temperature warning was issued as the maximum temperature reached 98.6 Fahrenheit. Getty Images | Getty Images News | Getty Images BEIJING — Chinese consumers opened their wallets to shop during the week-long National Day holiday
Lawmakers agreed to a short-term increase of the U.S. debt ceiling to avoid a first-ever default, but everyday Americans are not entirely out of the woods. A debt limit extension into December took pressure off both parties to reach a compromise by Oct. 18, when the Treasury Department warned the U.S. would exhaust its emergency
In this article TSLA Elon Musk, founder of SpaceX and chief executive officer of Tesla, waves while arriving to a discussion at the Satellite 2020 Conference in Washington, D.C., on Monday, March 9, 2020. Andrew Harrer | Bloomberg | Getty Images Tesla CEO Elon Musk once again endorsed the idea of a federal carbon tax
Senator-elect Cynthia Lummis, a Republican from Wyoming, stands for a photo at the U.S. Capitol in Washington, D.C., November 9, 2020. Stefani Reynolds | Pool | Reuters Senator Cynthia Lummis, R-Wyo., just disclosed a sizable bitcoin purchase as the crypto supporter continued to grow her stake in the volatile asset. The Republican senator scooped up the
Ariel Skelley A popular retirement savings tactic is on the chopping block in Congress, and investors are eyeing the strategy before it disappears. But there are other things to consider before making changes, financial experts say. Currently, investors can skirt the income limits for a Roth individual retirement account by using a so-called backdoor maneuver.
A Social Security Administration office in San Francisco. Getty Images The Social Security cost-of-living adjustment for 2022 could be the biggest in decades. However, that increase to monthly checks will not be enough, according to The Senior Citizens League, a nonpartisan advocacy group. Now, in a letter sent to members of both the House of
In this article AAL UAL DAL A United Airlines worker services a United Express Embraer 170 passenger aircraft parked on the tarmac at Albuquerque International Sunport in New Mexico. Robert Alexander | Getty Images Major U.S. airlines are increasingly mandating Covid-19 vaccines for employees. Some of the regional carriers that fly under their names have
Lael Brainard, governor of the U.S. Federal Reserve, speaks during the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, on Monday, Sept. 27, 2021. Al Drago | Bloomberg | Getty Images The U.S. Federal Reserve should advance efforts to assess big banks’ exposure to financial risks related to climate change, Fed Governor
With the explosion in popularity of nonfungible tokens, online investors and collectors have bid up the prices of all manners of digital collectibles, from basketball cards to drawings of rocks to virtual racehorses. But many of the traditional items people like to collect are seeing a surge in popularity, too. More from Grow:How I went