Treasury Secretary Janet Yellen testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Matt McClain | Reuters Congress faces an Oct. 18 deadline for raising the U.S. debt ceiling. If it is not increased by that
Having a strong safety net can make it easier to take big risks. For Tori Dunlap, founder of financial education company Her First 100K, that security came in the form of $100,000. Dunlap, 27, landed an entry-level marketing job after graduating from college and soon learned the corporate grind wasn’t for her. The Seattle resident,
Florida is now the ninth state to implement or adopt a corporate income tax cut in 2021, with the state’s new rate the nation’s second lowest—for now. Five states adopted corporate income tax cuts legislatively this year, two states (Arkansas and Indiana) implemented rate relief as part of previously enacted phased reductions, and now Florida,
Washington Spirit forward Trinity Rodman (2) makes a move between several defenders during the NWSL game between Kansas City and Washington Spirit September 26, 2021 at Segra Field in Leesburg, VA. Randy Litzinger | Icon Sportswire | Getty Images The National Women’s Soccer League has called off its weekend games after former North Carolina Courage
In this article DIS REGN UAL LUV PENN Check out the companies making headlines in midday trading. Merck — Shares surged more than 9% after it announced its new antiviral pill cut the risk of death or hospitalization by 50% for Covid patients. The pharmaceutical company plans to file for emergency use authorization. Moderna, Regeneron —
Private jet fliers are facing increasing delays, cancellations and lack of available flights as the industry struggles to serve a record number of new fliers, while facing supply-chain troubles. July was the busiest month ever for private jet flights, with more than 300,000 flights, according to Argus International. While business usually cools in the fall,
Photo by Mike Kline (notkalvin) | Moment | Getty Images Life insurance planning for wealthy Americans may be upended by a proposal in Democrats’ tax reform package. The House Ways and Means Committee passed measures on Sept. 15 that would raise an estimated $2.1 trillion in taxes from corporations and the rich, to help finance
One of the Senate’s proposals to pay for the Build Back Better Act is a federal excise tax on virgin plastics, which are plastics that are not reprocessed or recovered. The tax would be $0.20 per pound of virgin plastics used to make single-use plastics products. While few details have been released about this pay-for,
SINGAPORE — Rising Covid-19 infections and deaths are testing Singapore’s long-term strategy of treating the coronavirus as endemic. Around 82% of the city-state’s population has been fully vaccinated, health ministry data showed. But a surge in Covid cases — the vast majority of which have no or mild symptoms — prompted the government to tighten
Upgrade CEO Renaud Laplanche speaks at a conference in Brooklyn, New York, in 2018. Alex Flynn | Bloomberg via Getty Images U.S. fintech start-up Upgrade is set to enter the increasingly crowded buy now, pay later market. Upgrade, which was founded by former LendingClub boss Renaud Laplanche in 2016, is a digital banking start-up that
Powerball’s top prize has surged yet again, vaulting it into the top 10 largest jackpots in U.S. lottery history. With no one matching all six numbers drawn Wednesday night, the jackpot is now an estimated $620 million for Saturday night’s drawing. If there’s a winning ticket, it would be the 10th-largest lottery prize won —
Jeff Bezos, left, and Elon Musk Getty Images; Reuters Elon Musk repeated prior criticisms of fellow billionaire space mogul Jeff Bezos, as their respective companies continue to battle in federal court and in front of regulators. “I think I’ve expressed my thoughts on that front – I think he should put more of his energy
A Social Security Administration office in San Francisco. Getty Images The debt ceiling debate has sparked conversation about whether Social Security payments will still go out on time. However, Congress also faces another deadline with regard to the nation’s largest social insurance program. In just 13 years the trust funds Social Security relies on to
Kanye West just released a sweater for Gap. Will it make the stock a buy?
On the heels of the deadliest month of the pandemic for pregnant people yet, Dr. Manisha Gandhi told CNBC that she’s not optimistic about Covid-19 this winter. “To be dealing with this surge and taking care of really sick women, has just really taken a toll,” said Gandhi, who is chief of maternal-fetal medicine at
Traders work on the floor of the New York Stock Exchange (NYSE), September 21, 2021. Brendan McDermid | Reuters Stock futures rose slightly in overnight trading on Thursday after the S&P 500 notched its worst month since March 2020. Futures on the Dow Jones Industrial Average climbed 45 points. S&P 500 futures gained 0.1% and
In this article MORN Vlad Yushinov | iStock | Getty Images The stock market has taken some steep drops this month, and forecasts of a correction, or worse, are mounting. As a result, many investors may be wondering if it’s time to transfer some of their money to bonds, where returns can still be decent
ESG investing, or when a company’s environmental, social and governance factors are evaluated, is booming, and a panel of sustainability-focused investors said the trend is only going to accelerate from here. Climate change “is a mega-trend that if you take advantage of it, and get ahead of it, it’s going to be an alpha generator
Prostock-Studio | iStock | Getty Images As teenagers navigate matters of love and money, a troubling percentage of young relationships are showing signs of financial abuse. Some 31% of U.S. teens aged 13 to 18 have flagged the signals of financial abuse — which may be controlling a partner’s ability to receive, spend or save
SoFi Technologies (SOFI) is ready to skyrocket as institutional interest floods in at the technically & fundamentally supported levels the stock has come down to