In this article AMZN MacKenzie Scott attends the SEAN PENN J/P HRO GALA: A Gala Dinner to Benefit J/P Haitian Relief Organization and a Coalition of Disaster Relief Organizations at Milk Studios on January 6, 2018 in Los Angeles, California. Greg Doherty | Patrick McMullan | Getty Images MacKenzie Scott, the billionaire philanthropist and ex-wife
American Express American Express, best known for its array of personal and corporate cards, is making a push into territory held by banks and a growing list of fintech players. The card company is launching its first checking account for small businesses by leaning on technology acquired last year in the acquisition of online lender
Rebecca Minkoff, who spent 20 years building her business, is hopeful about her post-pandemic future. Source: Rebecca Minkoff When Rebecca Minkoff landed in New York at the age of 18, she had some money saved and big dreams of becoming a fashion designer. “I had $10,000 in savings from babysitting, bat mitzvah money that I’d
The Flavored Tobacco Product Prohibition Amendment Act of 2021 (B24-0020) under consideration by the D.C. City Council would, as the name suggests, ban all flavored tobacco product sales in the District. That means banning the majority of cigarettes being sold, since more than 50 percent of the market is menthol flavored, which could have a
Robin Azougi 1st R, a licensed real estate salesperson with Douglas Elliman Real Estate, talks with prospective buyers at a house for sale in Floral Park, Nassau County, New York, on Sept. 6, 2020. Wang Ying | Xinhua News Agency | Getty Images After three straight weeks of declines, mortgage demand came crawling back, thanks
Oil prices rose on Tuesday, setting up a challenging situation for the head of the Federal Reserve before Wednesday’s meeting, CNBC’s Jim Cramer said. “The surging price of crude … makes life difficult for Fed Chief Jay Powell,” Cramer said on “Mad Money.” “Even as many other commodities have actually now fallen, and some falling
In this article ORCL Safra Catz, co-chief executive officer of Oracle Corp. David Paul Morris | Bloomberg | Getty Images Oracle shares fell 3% in extended trading on Tuesday, even though the enterprise software maker issued earnings that came in better than analysts had expected and showed accelerated revenue growth as the pandemic receded. Here’s
Signage for the Stock Exchange of Thailand (SET) is displayed outside the bourse in Bangkok, Thailand, on Monday, Oct. 26, 2020. Taylor Weidman | Bloomberg via Getty Images Thailand could see a record number of IPOs this year, says Dealogic’s Ken Fong. Data shows it’s been a standout in Southeast Asia’s public listing space. “Thailand
Former Theranos CEO Elizabeth Holmes (center) and her counsel exit court on June 15, 2021. Holmes is scheduled to face trial for wire fraud and other charges later in the year. CNBC Former Theranos CEO Elizabeth Holmes, got permission on Tuesday to nurse her newborn child during breaks in her upcoming criminal fraud trial. Judge
Hunter Horsley, CEO of Bitwise Asset Management and executives celebrate the launch of an ETF at the New York Stock Exchange, June 1, 2021. Source: NYSE Henry Kravis, Stanley Druckenmiller and Bridgewater CEO David McCormick have invested in Bitwise Asset Management’s Series B funding. The cryptocurrency index fund manager raised $70 million from a handful
maybefalse | E+ | Getty Images You probably can come up with many things you’d rather do than spend time planning for your own death. However, there’s part of creating an estate plan that experts say deserves thoughtful consideration: choosing the individuals who will carry out the wishes in your will and who will make
Hollie Adams/Bloomberg via Getty Images President Joe Biden has consistently pledged not to raise taxes on households making less than $400,000 a year. Whether his tax proposal keeps or breaks that promise depends on one’s frame of reference. Primarily, it’s a question of how an observer considers a taxpayer earning less than $400,000 who has
CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, Diana Olick breaks down how lumber costs are weighing on homebuilders’ confidence levels. Plus, CNBC.com’s Natalie Zhang explains why teens are benefiting from widespread job openings and higher wages. Also on today’s show. Homebuilder sentiment drops to 10-month low, as construction
Biotech stocks are rallying this month.
Southwest Airlines Boeing 737-7H4 takes off from Hollywood Burbank Airport on September 16, 2020 in Burbank, California. AaronP/Bauer-Griffin | GC Images | Getty Images Southwest Airlines operations were briefly disrupted Tuesday while at least one major airport told the carrier’s customers to expect delays, a day after a technical problem with a weather-data supplier delayed
In this article DKNG XOM VRM New England Patriots cornerback Stephon Gilmore (24) stretches during the New England Patriots practice session in Foxborough, MA on Oct. 22, 2020. Barry Chin | Boston Globe | Getty Images Sage Therapeutics — Shares of the drug maker fell about 17% after the release of study results for its
MacKenzie Scott knows that by virtue of being one of the richest people alive, she can command attention. She also doesn’t believe wealth should be a reason for attention. So the former wife of Amazon boss Jeff Bezos is using her megaphone to dismantle the system that has put her on a pedestal. It’s tricky
CNBC’s Jim Cramer on Tuesday warned about the stock market implications of Federal Reserve Chairman Jerome Powell‘s upcoming post-meeting news conference. The Fed is set to release its policy statement at 2 p.m. ET on Wednesday, at the conclusion of its two-day June gathering. Powell’s Q&A session with reporters is scheduled to follow. Powell’s comments
Ariel Skelley | DigitalVision | Getty Many consider 529 college savings plans to be for education, but these accounts also offer a flexible way to transfer wealth. There’s currently an estate tax exemption of $11.7 million per person. Although President Joe Biden campaigned on slashing the write-off to $3.5 million, it hasn’t been part of
In this article SUN Taking out a loan isn’t always the best option when you need cash. But if you find yourself in a bind, there are a few guidelines you should follow to make sure you get the best deal. Your first step when thinking about borrowing money to pay bills should always