Helen H. Richardson | Denver Post | Getty Images Homeowners are getting richer and richer as prices keep soaring – and the numbers are staggering. Those with mortgages — about 62% of all properties — saw their equity jump by 20% in the first quarter from a year earlier, according to CoreLogic. This represents a
A patient wearing an oxygen mask is wheeled inside a COVID-19 hospital for treatment, amidst the spread of the coronavirus disease (COVID-19) in Ahmedabad, India, April 26, 2021. Amit Dave | Reuters India’s daily reported death toll from the coronavirus crisis reached a record high on Thursday, with more than 6,000 people succumbing to the
In this article RH Jason Kempin | Getty Images Entertainment | Getty Images Shares of the high-end furniture retailer RH surged in extended trading Wednesday after the company beat analysts’ profit and sales estimates for the fiscal first quarter. RH also hiked its full-year outlook, building on the momentum it’s seeing in the luxury home
Most people want to forget this part of the 1970s. But inflation is back, and investor Peter Boockvar predicts it will be the most widespread in decades. “Monetary policy … is right now impotent in its ability to stimulate economic activity,” the Bleakley Advisory Group chief investment officer told CNBC’s “Trading Nation” on Wednesday. Boockvar
An activist calls for an increase of federal taxes on the wealthy and big corporations. Bob Levey | Getty Images Entertainment | Getty Images If the Biden administration gets its way, wealthy households are going to face higher tax rates. Many millionaires appear to be OK with that. More than half — 60% — of
A series of GEN1 satellites ready to head to a launch site. Kepler Communications Kepler Communications, a start-up that is building a satellite internet network for service outside of the Earth, raised $60 million in a new round to help the Toronto-based company grow, including an expansion in the U.S. “We’re not selling to businesses
Image Source | DigitalVision | Getty Images More than 2.3 million new stimulus checks have been sent, representing over $4.2 billion in payments to Americans, the government announced on Wednesday. In total, more than 169 million payments worth about $395 billion have been issued since Congress passed the American Rescue Plan Act in March. That
Krispy Kreme may have started the vaccine incentive ball rolling, but many states are putting big money into the effort with vaccine lotteries. Unlike a normal lottery, no one is paying for tickets—but the tax collector still gets paid when someone wins. With lots of restricted spending COVID-19 relief funds and a substantial number of
In this article CRWD Crowdstrike CEO George Kurtz said Wednesday the cybersecurity firm has had to combat tougher challenges as adversarial hackers advance from simple online phishing scams to sophisticated ransomware attacks on large enterprises. “Now the adversaries are taking a page out of nation-state actors,” he told CNBC’s Jim Cramer. “It’s become big game
SELINSGROVE, PENNSYLVANIA, UNITED STATES – 2021/01/27: A woman walks past the GameStop store inside the Susquehanna Valley Mall. An online group sent share prices of GameStop (GME) and AMC Entertainment Holdings Inc. (AMC) soaring in an attempt to squeeze short sellers. Photo by Paul Weaver/SOPA Images/LightRocket via Getty Images GameStop sales rose 25% in the
In this article @ND.1 @SP.1 @DJ.1 Commuters exit a Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Futures contracts tied to the major U.S. stock indexes rose at the start of the overnight session Wednesday evening as investors eyed a key inflation report due out Thursday.
The recent release of thousands of Dr. Anthony Fauci’s emails from the spring of 2020 revealed a lot about the early days of the pandemic. But it was also a fascinating glimpse into the White House chief medical advisor’s busy job. The sheer number of emails that Fauci receives and responds to in a day
In this article CLOV CLNE VIRT The frenzied activity involving so-called meme stocks is being driven by more than just retail investors, the CEO of market maker Virtu Financial told CNBC on Wednesday. “There’s a lot of institutions, professional traders, speculators, whatever you want to call them, engaged in this in both the cash equities
Samuel Corum | Getty Images News | Getty Images The top 1% would see their federal taxes rise by more than $213,000, on average, next year as a result of President Joe Biden’s tax plan, according to an analysis published Wednesday by the Urban-Brookings Tax Policy Center. Such households, which earn about $800,000 or more
As Wisconsin legislators work to finalize the state budget for the fiscal year (FY) 2022-23 biennium that begins July 1, the Wisconsin Legislative Fiscal Bureau (LFB) on Tuesday reported the state has substantially more revenue to work with than was anticipated when the LFB issued revenue projections earlier this year. Specifically, the LFB’s revised three-year
A new housing model is rising from the dirt in Valencia, California, and potentially raising the bar for real estate developers hoping to reduce their carbon footprints. More than 21,000 homes are going up in a brand-new community that, its developer says, will be the largest net-zero community in the nation, and potentially the world.
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Chairman and CEO of Johnson & Johnson Alex Gorsky speaks during an event at the South Court Auditorium of the Eisenhower Executive Office Building March 10, 2021 in Washington, DC. Alex Wong | Getty Images Johnson & Johnson CEO Alex Gorsky reiterated Wednesday that people will likely need to receive additional doses of the Covid-19
In this photo illustration, the Interactive Brokers LLC logo seen displayed on a smartphone. Igor Golovniov | LightRocket | Getty Images Interactive Brokers — seen as the e-broker with some of the most sophisticated clientele — is slated to start trading cryptocurrencies on its platform in the coming months. “Customers certainly are asking for [crypto