The Congressional Budget Office (CBO) has given us a sobering look into our fiscal future under the Build Back Better Act (BBBA), estimating that if all the bill’s policies were made permanent, $3 trillion would be added to the national debt over the next 10 years. This is on top of more than $7 trillion
Living longer can mean having a longer career, whether by choice or necessity. Stopping and starting isn’t easy, but it might be worth it. You’re probably going to need to work longer than you imagined when you were first starting out. After all, you might live to be 100. So let’s call it a 50-year
Protesters seen holding placards calling for a stop to the Williams natural gas pipeline (aka ‘Northeast Supply Enhancement (NESE) Pipeline”) during a demonstration held on Centre Street adjacent to City Hall Park in New York City. Michael Brochstein | LightRocket | Getty Images The New York City Council on Wednesday voted to pass legislation banning
Katie Haun, Andreessen Horowitz General Partner CNBC One of the world’s top crypto investors is leaving Andreessen Horowitz to start her own venture capital fund. Katie Haun, who became Andreessen’s first female general partner in 2018, said her fund will launch next year with a focus on cryptocurrency and blockchain start-ups. Haun, a former federal
Elon Musk says he has a new timeline for his big Mars project — and it’s sooner than you might think. “I’ll be surprised if we’re not landing on Mars within five years,” Musk told Time Magazine, about SpaceX taking humankind to Mars in a story published Monday. Musk, the 50-year-old SpaceX founder and CEO
ljubaphoto | E+ | Getty Images The Covid-19 pandemic exacerbated many differences between haves and have-nots in the U.S. Now, a new survey shows that it also made the savings gap more pronounced between those groups. Of those with incomes less than $50,000, 36% say they now have less savings than before the pandemic, versus
In this article COLM CLBK The days of rock-bottom rates are nearly over. The central bank will aggressively unwind last year’s bond buying sooner than originally planned after recent reports on inflation continued to show a sharp rise in prices. While the Federal Reserve said Wednesday that interest rates will stay near zero for now,
An American Airlines plane lands at Ronald Reagan Washington National Airport November 23, 2021 in Arlington, Virginia. Drew Angerer | Getty Images Airline executives will face questions from a Senate panel on Wednesday about flight disruptions and staffing shortfalls despite the $54 billion in taxpayer aid they took to help cover labor costs during the
In this article LOW An employee organizes buckets for sale inside a Lowe’s Cos. store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Lowe’s said Wednesday that it expects Americans’ appetite for home improvement to continue into 2022, though it may cool after a boom in do-it-yourself and decorating projects during the
In this article JPM The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York. Tim Clayton – Corbis | Corbis Sport | Getty Images JPMorgan Chase changed course on its big annual healthcare conference it intended on holding in person in San Francisco next month after
The “Charging Bull” statue at Bowling Green in New York’s Financial District. Drew Angerer | Getty Images As the U.S. stock market is whipped by rising inflation and the new omicron covid-19 variant, investors may be wondering what to do with their money. Many experts have a simple answer: nothing. On Tuesday, stocks slid for
The Baehr family had to abandon their home and belongings after toxic mold exposure. Courtesy: Baehr family Kristina Baehr seemingly had it all: a successful career as a lawyer and an adorable family with newborn twins. Together, they lived in a beautiful house that she considered her “forever” home. But a mysterious and insidious foe
Despite the rise of the omicron variant, the travel industry is showing signs a recovery is underway. OlgaKhorkova | iStock Editorial | Getty Images After a year of heavy losses, the travel industry is finally showing some signs of bouncing back — even as the emergence of the Covid-19 omicron variant has led some countries
Workers in front of the People’s Bank of China (PBOC) in Beijing, China, on Monday, Dec. 13, 2021. Andrea Verdelli | Bloomberg | Getty Images BEIJING — China’s retail sales missed expectations in November, while industrial production beat, the National Bureau of Statistics said Wednesday. Retail sales for November grew by 3.9% from a year
Elon Musk, CEO of Tesla and SpaceX, has consistently supported dogecoin, a meme-inspired cryptocurrency. He’s invested in it, along with bitcoin and ether, he said in October. But to Musk, dogecoin has an advantage over bitcoin and other cryptocurrencies: He sees dogecoin as the best cryptocurrency to transact with. “Fundamentally, bitcoin is not a good
A Falcon 9 rocket is displayed outside the Space Exploration Technologies Corp. (SpaceX) headquarters on January 28, 2021 in Hawthorne, California. Patrick T. Fallon | AFP | Getty Images A female former employee of Elon Musk’s SpaceX alleged in an essay published Tuesday that the space company’s workplace is “rife with sexism” and that its
Karen Tongson Courtesy: Karen Tongson Karen Tongson never imagined a moment when she wouldn’t be paying back her student loans. As a professor at the University of Southern California, the Los Angeles resident qualified for the public service loan forgiveness program but had heard too many stories of borrowers not getting the government’s promise of
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Tom Holland stars as Peter Parker in Marvel’s “Spider-Man: No Way Home.” Disney The domestic box office may have finally found a hero. Marvel’s friendly neighborhood Spider-Man swings into theaters once more this weekend and promises to deliver big gains for the movie theater industry. Conservative estimates suggest “Spider-Man: No Way Home,” Tom Holland’s third