In this article SG Jonathan Neman, Nicolas Jammet, and Nathaniel Ru, Sweetgreen at the NYSE, November 18, 2021 Source: NYSE In a year that was hot for restaurant IPO stocks, one of the late entries may have a more exciting year ahead, building a new category and showing the power of tech investments. After a
In this article NCLH PFE Paxlovid, a Pfizer’s coronavirus disease (COVID-19) pill, is seen manufactured in Ascoli, Italy, in this undated handout photo obtained by Reuters on November 16, 2021. Pfizer | Handout | via Reuters Check out the companies making headlines in midday trading. Pfizer — Shares jumped 1.9% after British regulators approved the
Phynart Studio | E+ | Getty Images When the calendar flips to 2022, certain Medicare costs will creep higher. For the program’s 63.6 million beneficiaries — most of whom are 65 or older — annual adjustments can affect premiums, deductibles and other cost-sharing aspects of Medicare. While each change doesn’t necessarily involve a huge dollar
A sign hangs from a branch of Banco Santander in London, U.K., on Wednesday, Feb. 3, 2010. Simon Dawson | Bloomberg via Getty Images LONDON — Thousands of people received a surprise gift on Christmas Day this year when European bank Santander accidentally deposited £130 million ($176 million) across 75,000 transactions. The mistake happened when
In this article JNJ MU RRD DIDI JBLU BIIB Check out the companies making headlines before the bell: Biogen (BIIB) – Biogen slid 6.5% in the premarket after Samsung denied a report in the Korea Economic Daily publication that it was in talks to buy Biogen and combine it with its biotech unit. Biogen shares
If the millennial and Gen Z investing generations’ biggest, boldest bull market calls are best represented by the star turn of ARK Funds’ Cathie Wood, her funds’ struggles in 2021 are a microcosm of where risk-on investing runs into the reality of a market that, at least in the short-term, can’t always go gangbusters —
Marko Geber If you couldn’t max out your individual retirement account in 2021, don’t despair. There’s still time to make a contribution to traditional and Roth IRAs. The deadline for putting money into IRAs for this year is April 15, 2022, giving savers an additional four months to contribute. For 2021, the maximum contribution to
A Hangzhou location of the Element Fresh chain, which entered the bankruptcy liquidation process in December 2021, as the coronavirus pandemic took its toll. Costfoto | Future Publishing | Getty Images BEIJING — Sluggish consumer spending has dragged down China’s economy since the pandemic, with little relief in sight for 2022. Along with the property
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 28, 2021. Andrew Kelly | Reuters Stock futures were flat on Thursday night ahead of the final trading day of 2021. Futures tied to the Dow Jones Industrial Average dipped 0.03%, while S&P 500
Bill Gates may not love New Year’s resolutions, but he’s still setting large goals for 2022 and beyond. At the top of his list: avoiding future pandemics. In his end-of-year blog post earlier this month, the billionaire Microsoft co-founder and healthcare philanthropist wrote that among the world’s biggest problems, the next Covid-level health scare is
Saul Loeb | AFP | Getty Images New Year’s Day luck could end up making a Powerball player a few hundred million dollars richer. No ticket matched all six numbers drawn Wednesday, which means the jackpot has climbed higher: It’s an advertised $483 million for Saturday night’s drawing, up from $441 million. The top prize
In this article OSTK Attorney Sidney Powell looks at attorney L. Lin Wood as he speaks during a press conference on election results in Alpharetta, Georgia, December 2, 2020. Elijah Nouvelage | Reuters A lawyer allied with former President Donald Trump hosted numerous conspiracy theorists looking to overturn the results of the 2020 election at
In this article NCLH RCL CCL The Royal Caribbean Anthem of the Seas cruise ship is prepared for its next voyage as it is docked on December 24, 2021, in Bayonne, New Jersey. Gary Hershorn | Corbis News | Getty Images The U.S. Centers for Disease Control and Prevention on Thursday advised people against going
A pedestrian walks past Biogen Inc. headquarters in Cambridge, Massachusetts, on Monday, June 7, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Biogen — Shares of Biogen slid more than 7% after Samsung denied a report in South Korean media that it was in talks to
Heading into 2022, the 10 wealthiest individuals in the world are all worth more than $100 billion, according to the Bloomberg Billionaires Index. Some of these individuals, like Bill Gates and Jeff Bezos, have been worth $100 billion for some time: Gates first reached the mark in 1999, while Bezos did it in 2017. But
A recruiter hands out information to a job seeker during a job fair in Miami, Florida, on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images Initial claims for unemployment benefits ended 2021 near pre-pandemic levels, after an improving labor market led claims to fall roughly fourfold over the course of the year. However, a
Visitors take pictures and read books in Shenzhen on Nov. 13, 2021, at a Zhongshuge bookstore, a chain famous for interior design. VCG | Visual China Group | Getty Images BEIJING — Social media plays such an important role for Chinese consumer businesses that for a crop of new bookstores, visual appeal tends to be
U.S. stock index futures were little changed during overnight trading Wednesday after the S&P 500 and Dow Jones Industrial Average closed at new records. Futures contracts tied to the Dow Jones Industrial Average inched higher, while S&P 500 futures were unchanged. Nasdaq 100 futures were slightly lower. During regular trading on Wednesday the S&P 500
James “Jimmy” Cayne, the swaggering bridge-champion Wall Street CEO who led investment bank Bear Stearns during its rise and ultimate fall that would serve as a touchstone for the financial crisis of 2008, has died at age 87. Cayne died Tuesday days after suffering a stroke, according to a report in Bloomberg. One of the
Samuel Corum/Bloomberg Democrats seem to have nixed the idea of taxing returns on unsold stock and other assets, favoring other ways to raise revenue as part of a nearly $2 trillion social and climate bill. Scrapping that tax on “unrealized capital gains” would primarily benefit the richest Americans, who hold the bulk of the country’s