(Click here to subscribe to the new Delivering Alpha newsletter.) Engine No. 1 was founded a year ago this month, and since then, has made a splash in the investing world. Most notably, the ESG-oriented investment firm took on Exxon Mobil in a proxy battle and won. It also launched an ETF and published a white paper,
A Social Security Administration office in Sebring, Florida. Jeff Greenberg | Universal Images Group | Getty Images Applying for Social Security benefits can be a complicated process. Now President Joe Biden wants to make it easier. This week, the president signed an executive order to streamline processes for Americans to apply for services and benefits
Dr. Eric Topol is warning that Americans are “sitting ducks for the next wave” of Covid as the omicron variant starts to take hold in the U.S. “We’re lagging behind what we need to get out to the American public” in terms of boosters and what the U.S. considers fully vaccinated, the cardiologist and founder of the
[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference after the bank’s latest monetary policy decision. The ECB further cut its bond purchases on Thursday but vowed to continue
Inflation is the number one economic fear among millionaires for the first time in recent history, according to the CNBC Millionaire Survey. When asked about the biggest risk to the U.S. economy, inflation ranked first, alongside government dysfunction, according to the survey of investors with $1 million or more in investible assets. The results marked
The HSBC Holdings Plc headquarters building in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images LONDON — Investors should brace for a “pay-back period” in 2022 following a year of strong gains, as macroeconomic risks mount, according to HSBC Asset Management. In its 2022 investment outlook, the bank said the bumper returns investors
Children draw on top of a Treasury check prop during a rally in front of the U.S. Capitol on Dec. 13, 2021. Alex Wong | Getty Images The IRS and U.S. Department of the Treasury are ending out the final monthly child tax credit payment of the year to millions of American families Dec. 15.
A sign advertising home loan rates for purchase or refinancing at a Bank of America in New York. Scott Mlyn | CNBC A brief surge in mortgage refinance demand fizzled fast, after interest rates resumed their climb along with the stock market. The initial scare from the Covid omicron variant caused rates to drop for
Loading chart… Academy Sports and Outdoors: “I think this stock is really cheap. Now, I am a hunter. I am not as biased as a lot other people. I think it’s a cheap stock, and it should be bought.” Loading chart… 23andMe: “[CEO] Anne Wojcicki … has to do health care. If they are just
Woman doing online shopping. Oscar Wong | Moment | Getty Images China’s buy now pay later market is set to grow — but the industry is still at a nascent stage, and challenges lie ahead, experts told CNBC. There’s been a surge of interest in BNPL services in China over the last decade, said Kapil
Even without a pandemic, holiday travel isn’t for the faint of heart. Millions are expected to travel this month, with threats of volatile weather and the omicron variant further stressing out people eager to close Year 2 of the pandemic. To help travelers prepare, CNBC Travel asked industry insiders this question: What’s your one, solid
mixetto | E+ | Getty Images The tax season is fast approaching — and the IRS has its eye on crypto investors. Form 1040, which U.S. taxpayers use to file an annual income tax return, has a question about “virtual currency” near the top of the first page. Investors must report taxable 2021 transactions
Construction workers frame a new home being built by CastleRock Communities in the Sunfield neighborhood of Buda, Texas, U.S., on Wednesday, Nov. 10, 2021. Matthew Busch | Bloomberg | Getty Images Surprisingly strong housing demand, even in the usually slower season for housing, has homebuilders feeling increasingly confident. Builder sentiment in the single-family housing market
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,