Though the Acropolis has reopened, Greece is currently under lockdown-type restrictions with a nighttime curfew and store and restaurant closures. Matteo Colombo | Moment | Getty Images Major airlines are racing to add new trans-Atlantic service now that tourist-reliant countries like Croatia, Greece, Iceland and Italy have started allowing visitors from the U.S. and other
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Treasury yields may be about to break out. Even though yields temporarily fell after this week’s Federal Reserve decision on interest rates, Wells Fargo Securities’ Michael Schumacher expects the benchmark 10-year Treasury Note rate to end the year as high as 2.20%. “The 10-year yield is going up a fair bit through the remainder of
ljubaphoto | E+ | Getty Images Like much of the travel and hospitality industry, travel agents took a huge hit when the pandemic struck in March 2020. However, after months of struggle and setbacks, a potential silver lining has emerged: Travel advisors’ effective advocacy for clients stranded or stymied during the global lockdown has now
A bipartisan group of Senators introduced the Facilitating American-Built Semiconductors (FABS) Act this week to create a permanent 25 percent investment tax credit for investments in semiconductor manufacturing equipment and construction of related facilities—but their proposal would not address underlying bias against investment that exists in the tax code today. Rather than provide industry-specific tax
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In this article ARKK CNBC’s Jim Cramer said Friday that Ark Invest’s stock-moving influence appears to be waning — at least for now. Ark Invest’s family of exchange-traded funds were some of the best performers on Wall Street last year, but have not fared well in 2021 as investors rotated away from high-growth stocks and
Take a look at some of the biggest movers in the premarket: Adobe (ADBE) – Adobe reported quarterly profit of $3.03 per share, 21 cents a share above estimates. The software company’s revenue also topped Wall Street forecasts and Adobe gave stronger-than-expected current-quarter guidance. Its shares rose 3.1% in premarket trading. Smith & Wesson (SWBI)
Ungureanu Vadim | EyeEm | Getty Images In January, Anna Brekken had finally made 120 student loan payments, the number at which borrowers are supposed to get the rest of their debt cancelled under the public service loan forgiveness program. When she submitted her request for forgiveness, she looked forward to walking away from her
Of all alcoholic beverages subject to taxation, stiff drinks—and all distilled spirits—face the stiffest tax rates. Ostensibly, this is because distilled spirits (liquor) have higher alcohol content than the other categories, like wine and beer. This round of information is on us, so help yourself to the following map to see whether you’re shaken or stirred by how
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The golf industry is seeing a surge in demand during the pandemic, with PGA Tour Superstore reporting a 55% increase in overall year-to-date sales compared with 2019. Demand is so high that suppliers are struggling to keep up, Dick Sullivan, CEO of PGA Tour Superstore, said on CNBC’s “The Exchange” on Friday. “We are hearing that
In this article JPM LEN TK NVDA C FOXA A sign is posted in front of the NVIDIA headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan/Getty Images Check out the companies making headlines in midday trading. Nvidia — Shares of Nvidia gained 2.3% after Bank of America raised its price target on
Matthew McConaughey speaks onstage during HISTORYTalks Leadership & Legacy presented by HISTORY at Carnegie Hall on February 29, 2020 in New York City. Noam Galai | Getty Images Entertainment | Getty Images Oscar-winning actor Matthew McConaughey has said that taking time off from Hollywood, in what he called an “unbranding phase,” actually helped revitalize his
In this article AMZN Amazon driver Shawndu Stackhouse delivers packages in Northeast Washington, D.C., on Tuesday, April 6, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images It’s typically one of the biggest sales of the year. And in 2021, Amazon Prime Day could be even bigger. The annual two-day shopping event is set
Suze Orman in New York City. Courtesy Dominik Bindl | Getty Images Entertainment | Getty Images As small business owners recover from the pandemic, it’s important to make sure they get their personal and business finances back on track, said personal finance expert and best-selling author Suze Orman. That includes saving, investing and managing credit
In this article RDFN INVH Invitation Homes CEO Dallas Tanner told CNBC on Friday the U.S. housing market remains “healthy,” downplaying concerns that the sharp rise in prices during the Covid pandemic is creating bubble-like conditions. In an interview on “Squawk on the Street,” Tanner said the supply-and-demand dynamics that have contributed to the feverish
In this article 9104.T-JP SGRE-ES YS graphic | Moment | Getty Images Siemens Gamesa Renewable Energy is to supply 79 “typhoon-proof turbines” to a major onshore wind development in Japan, as the country attempts to reduce its reliance on fossil fuels and develop more renewable energy installations. The 339.7 megawatt Dohuku project will be located
St. Louis Federal Reserve President James Bullard told CNBC on Friday that he sees an initial interest rate increase happening in late-2022 as inflation picks up faster than previous forecasts had anticipated. That estimate is even quicker than the outlook the broader Federal Open Market Committee released Wednesday that caused a hit to financial markets.
In this article AXP Surveys indicate a silver lining to the pandemic is a heightened commitment to “sustainable” travel by consumers. But as vaccinations lift travel prospects, hopes for a “green” recovery may have been overblown. Sustainable travel has grown in popularity in recent years as people have tried to mitigate the negative effects of