The North Park Theatre in Buffalo, New York, is a local landmark. Featuring a single screen, 600 seats and ornate domed ceilings, it is an increasingly rare gem in a sea of multiplex cinemas. “This is the kind of place you want to see a movie — you’re going to forget about the outside world
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Sales of existing homes dropped for the fourth straight month due to a very low supply of homes on the market. Existing home sales fell 0.9% in May from the previous month to a seasonally adjusted annualized rate of 5.8 million units, according to the National Association of Realtors. That is the fourth straight month
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In this article TSLA Tesla Motors’ Model 3 electric cars. Tesla Motors File Photo | Reuters LONDON — European car hire firm Virtuo is adding dozens of Teslas to its fleet as part of an effort to electrify more of its vehicles. The company, which allows people to hire and unlock premium cars through an
Dutch fintech start-up Mollie’s payments platform in action. Mollie LONDON — Mollie was a relatively little-known company before Covid-19. Now, it’s one of Europe’s biggest fintechs. The Amsterdam-based online payments processor finally became a “unicorn” valued at more than $1 billion in September, more than a decade after it was founded by Dutch entrepreneur Adriaan
It’s one thing to require unvaccinated travelers to quarantine or undergo extra Covid tests. It’s another to bar them altogether. A small but growing list of travel destinations is either closing its doors to unvaccinated travelers or reopening only to vaccinated ones. Either way, the unvaccinated are seeing their travel options start to dwindle as
Recent discussions of a global minimum tax may lead many to believe that there is just one proposal being discussed for the world. That is not the case. While President Biden has led a renewed effort on global negotiations over minimum taxation, his own proposals for U.S. companies differ significantly from proposals that had previously
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In this article BC DIS BRBW THO The stocks that thrived during the height of Covid-19 have lost momentum, but CNBC’s Jim Cramer said Monday that not all pandemic winners should be branded as reopening losers. “If your company made a killing during the pandemic, it’s become toxic in this market, even if business is
In this article JPM LB Pedestrians walk past a Bath & Body Works store. Craig Warga | Bloomberg | Getty Images Lingerie retailer Victoria’s Secret is taking out a $500 million loan to finance its split from Bath & Body Works, Bloomberg News reported Monday. The loan is due 2028 and could pay interest that’s
The word “taxes” is seen engraved at the headquarters of the Internal Revenue Service (IRS) in Washington, D.C., U.S., May 10, 2021. Andrew Kelly | Reuters Many in Congress want to fix the country’s crumbling roads, bridges and other infrastructure projects. Lawmakers still haven’t agreed on how to pay for it. President Joe Biden has
Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken June 7, 2021. Egdar Su | Reuters MicroStrategy said Monday it owns more than 100,000 bitcoins after completing another purchase round, this time spending roughly $489 million on 13,005 tokens. Shares of the Virginia-based enterprise software company were down more than 6% in
Choreograph | iStock | Getty Images For some Medicare beneficiaries, health-care coverage ends up costing more than it does for most of their peers — and it’s not by choice. While there are costs that individuals often are aware of — i.e., they purchase a supplemental policy or choose a more expensive plan — some
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In this article ACI DASH A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters DoorDash announced Monday it’s partnering with Albertsons Companies to offer on-demand grocery delivery from nearly 2,000 of Albertson’s stores, including Safeway, Vons and Jewel-Osco. The
Budrul Chukrut | LightRocket | Getty Images China’s central bank on Monday said it had urged several payment firms and banks to clamp down on cryptocurrency speculation, adding to calls from Beijing for restrictions on bitcoin and other digital currencies. The People’s Bank of China said it summoned major lenders including the Industrial and Commercial
Oliver Contreras/Sipa/Bloomberg via Getty Images The U.S. would tax capital gains and dividends for the rich at among the highest rates in the developed world if President Joe Biden’s proposal were enacted. The top rate high-earning Americans pay on dividends and the sale of appreciated assets would jump to nearly 49%, when combining all federal
CNBC’s Jim Cramer said Monday he’s offloaded most of his bitcoin holdings, expressing concerns around the recent crackdown on crypto mining by the Chinese government and bitcoin’s role in some ransomware attacks. “Sold almost all of my bitcoin. Don’t need it,” Cramer said on “Squawk on the Street,” more than two months after he first