Loading chart… Rivian: “No, I don’t think [it’s going to be the next Tesla]. I think that it’s going to be a very unsexy truck maker. I have to tell you, Ford has to sell its stock [in Rivian]. Why don’t we buy GM? I mean, [GM CEO] Mary Barra is doing a good job.
Sarah Bloom Raskin, nominated to be vice chairman for supervision and a member of the Federal Reserve Board of Governors, gestures during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 3, 2022. Ken Cedeno | Reuters Senate Republicans on Thursday peppered the nominee to be
In this article MRCY Julian Elliott Photography | Stone | Getty Images Company: Mercury Systems Inc. (MRCY) Business: Mercury Systems is a technology company, engaged in the manufacture and sale of components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. The company’s products and solutions
JGI/Jamie Grill If you save for retirement through a 401(k) plan, you may have noticed changes to it over the years — for example, automatic increases in your contributions and “catch-up” amounts for the over-50 crowd. A couple more tweaks, which were included in a 2019 retirement bill called the Secure Act, could also become
Pekic | E+ | Getty Images The $1.7 trillion outstanding federal student loan market tends to get most of the headlines, but another type of education debt has also been on the rise: private student loans. Many college students have likely heard about the financing option. “Private lenders advertise all over, including on TV, radio
During the pandemic, policymakers relied on the Internal Revenue Service (IRS) to administer business relief through the tax code. The emergency relief, including business tax refunds for net operating losses (NOLs), was intended to quickly help businesses that lost their source of income during the pandemic. A new report from the Government Accountability Office (GAO)
Columbia Sportswear‘s strong fourth-quarter profitability was helped by consumers starting their holiday shopping earlier than years past, CEO Tim Boyle told CNBC’s Jim Cramer on Friday. Shares of the outdoor-focused apparel maker jumped 5% Friday, after the company a day earlier reported a 64% year-over-year jump in net income in Q4 and issued robust full-year guidance. “In
In this article SNAP AMZN CLX PINS F RIVN The Amazon logo displayed on a smartphone and a PC screen. Pavlo Gonchar | LightRocket via Getty Images Check out the companies making headlines after the bell: Amazon — Shares of Amazon popped more than 18% after hours following a strong quarterly report. The company reported
A job seeker receives information from a recruiter during a job fair in Miami on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images Long-term unemployment fell significantly in January, continuing a downward trajectory from its pandemic-era peak after having plateaued in recent months. The number of Americans out of work for at least six
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In this article CZR Jim McIngvale, better known as “Mattress Mack,” said he drove 100 miles from Houston to cross the border into Louisiana on Thursday to make what’s believed to be the largest mobile sports wager in U.S. history. The furniture store mogul bet $4.53 million on the Cincinnati Bengals to win Super Bowl
In this article CLX FB PINS F AMZN The Amazon logo is seen at the company logistics center in Lauwin-Planque, northern France. Pascal Rossignol | Reuters Check out the companies making headlines in midday trading. Amazon — Shares of Amazon popped more than 14% following a stellar quarterly report. The company said its investment in electric
Adriana Gamez restocks rose bouquets at California Flowers in downtown Los Angeles on Feb. 12, 2021. Dania Maxwell | Los Angeles Times | Getty Images They say love doesn’t cost a thing, but Valentine’s Day is a different story. For starters, anyone going on a date on the Feb. 14 holiday can expect to pay top dollar
A contractor for First Solar works on construction of a solar project in Imperial County, California. Sam Hodgson | Bloomberg | Getty Images The Biden Administration said Friday that it will extend Section 201 tariffs on imported solar cells and panels for another four years, but with several changes to existing provisions. The tariff rate
courtneyk | E+ | Getty Images The IRS has warned about “challenges” this tax season, and a slew of automated notices are already causing distress for filers. Some taxpayers who sent last year’s return and paid their balance have received a CP80 notice saying they may lose their credit for payment if they don’t file
Major tech companies are opening offices in Atlanta, hoping to capitalize on the technology talent in the city, especially the Black talent. Silicon Valley-based Apple and Google parent Alphabet as well as Redmond, Washington-based Microsoft have all set up shop in Atlanta in recent years. Headquartered near San Francisco, payments giant Visa is also opening
New to small business taxes and all they entail? In this article, we’ll cover some of the most frequently asked small business tax questions, such as what you can and can’t deduct on your tax return, how to save for retirement, and more. Let’s dive right in! What small business expenses can I deduct? As
A Gopuff location on the Lower East Side of Manhattan across from Stop 1 Deli. Jan. 12, 2022. Hannah Miao | CNBC Grocery delivery start-up Gopuff last fall moved into the ground-floor retail space of a new luxury apartment building on the Lower East Side of Manhattan, across the street from a bodega. “I didn’t
In this article SNAP CLX BJ BMY REGN AMZN Check out the companies making headlines before the bell: Regeneron Pharmaceuticals (REGN) – The drugmaker reported adjusted quarterly earnings of $23.72 per share, beating the $18.35 consensus estimate. Revenue also topped the forecast on strong sales of the company’s Covid-19 antibody therapy as well as its
It’s time to let the young, healthy and “anyone who wants to move on” from the pandemic do so, said Dr. Stefanos Kales, a professor at Harvard Medical School. In a paper posted on LinkedIn last month, Kales said that for the majority of children and adults, “Covid-19 is not a serious threat, only a