In this article SCHW MoMo Productions | Taxi | Getty Images When it comes to building wealth, many Black Americans are facing an uphill battle. The median annual wage for Black workers is about 30% lower than that of white workers, according to a McKinsey & Company report. The report also found that 3.5 million
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Treasury Secretary Janet Yellen speaks during the daily press briefing on May 7, 2021, in the Brady Briefing Room of the White House in Washington, DC. Saul Loeb | AFP | Getty Images U.S. Treasury Secretary Janet Yellen will meet with the President’s Working Group on Financial Markets next week to discuss the role stablecoins
Serhii Shleihel | iStock | Getty Images Signs are mounting that student loan borrowers could get more time before they need to resume their payments. For more than 16 months now, most borrowers’ bills have been on pause, thanks to a break offered by the U.S. Department of Education because of the financial struggles wrought
The Biden administration has proposed to significantly increase the tax burden on foreign income through a policy known as Global Intangible Low-Tax Income (GILTI). While the administration’s rhetoric focuses on doubling the tax rate on GILTI from 10.5 percent to 21 percent, this is less than half the story. The rate on GILTI is going
Serena Williams of The United States celebrates a set point in her ladies singles first round match against Irina-Camelia Begu of Romania on day two of the 2021 French Open at Roland Garros on May 31, 2021 in Paris, France. Stephane Cardinale | Corbis Sport | Getty Images Serena Williams is investing an undisclosed amount
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There isn’t enough evidence right now to show that booster shots for Covid vaccines are needed, according to a former FDA director. “Being prepared to make boosters is a good thing, but we really don’t have … evidence, at least in the United States, where we’re seeing vaccine failures or we’re seeing waning in immunity,
In this article PEP Bottles of PepsiCo Inc. brand Pepsi soda for sale at a grocery store in Bagdad, Kentucky, U.S., on Friday, April 9, 2021. Luke Sharrett | Bloomberg | Getty Images PepsiCo on Tuesday reported that its quarterly revenue rose more than 20% as restaurant demand for its drinks returned, fueling an earnings
Gojek drivers wearing protective masks wait for a customer along a road in Jakarta, Indonesia on Wednesday, April 22, 2020. Dimas Ardian | Bloomberg | Getty Images SINGAPORE — Southeast Asia’s late-stage start-ups are attracting growing interest from blank-check companies that want to take them public, a venture investor told CNBC. More than 40 SPACs
Google’s dedicated “sustainability” landing page is where the tech giant outlines its goals to combat climate change — like being carbon free by 2030 — and shows status reports on its environmental efforts, such as making a “hyperlocal” air quality map. Combating climate change is a “foundational value” for Google and other Silicon Valley companies,
kate_sept2004 | E+ | Getty Images It’s a historic day for U.S. families with children. Roughly $15 billion has been sent to 35.2 million families in the first of six advance child tax credit payments, according to the U.S. Treasury Department and IRS. The average payment in the first round is $423, and will reach
Businesses’ tax liability can differ markedly across states, and policymakers often pay attention to this competitive tax landscape. What is less often remarked upon, however, is the variation of tax treatment within a given state. Different industries and activities can face radically different tax burdens within the same state due to non-neutralities in the tax
Shoppers load up their vehicle outside a HomeGoods store in South Bend, Indiana, on Monday, Nov. 16, 2020. Daniel Acker | Bloomberg | Getty Images An engine as massive as the U.S. economy is not going to restart without some sputtering, which is what many economists believe explains the double-digit price increases in many goods
4 out of the 5 FAANG stocks are hitting all-time highs. Is this the best it will ever be for big cap tech?
A look at two stocks for your Aggressive Growth stock radar screen. zacks.com zacks.com/ultimate
The enhanced federal child tax credit program, with monthly payments starting Thursday, is one of the best ways the government can allot its money to spur economic growth and help the nation’s youth, University of Maryland economist Melissa Kearney told CNBC. “What I think makes this policy expansion both politically and economically feasible — and
Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America is scheduled to report second-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: 77 cents a share, 108% higher than the year earlier period, according to Refinitiv. Revenue: $21.8 billion, 2.8% lower than a year earlier. Net Interest
In this article MSFT NFLX AAPL US10Y Scott Mlyn | CNBC Futures contracts tied to the U.S. stock indexes slipped at the start of the overnight session Thursday evening as Wall Street neared the end of the first major week of second-quarter earnings reports. Contracts linked to the S&P 500 lost 0.1%, while Dow futures
Stephen Curry #30 of the Golden State Warriors drives to the basket against the Los Angeles Lakers during the 2021 NBA Play-In Tournament on May 19, 2021 at STAPLES Center in Los Angeles, California. Adam Pantozzi | National Basketball Association | Getty Images NBA star Steph Curry is now setting his sights on closing the
Scott Olson | Getty Images Inflation surged more in June than it has in more than 10 years, and the news has investors worried. That’s because rising prices can erode a portfolio’s profit. Most simply, as the cost of living swells, your returns don’t go as far. That’s a particularly tough challenge for retirees, who