President Joe Biden and Vice President Kamala Harris receive an update on the fight against the coronavirus disease (COVID-19) pandemic as they visit the Centers for Disease Control and Prevention (CDC) in Atlanta, Georgia, U.S., March 19, 2021. Carlos Barria | Reuters President Joe Biden‘s first budget proposal would give the largest funding boost in
Take a look at some of the biggest movers in the premarket: AMC Entertainment (AMC) – The movie theater operator’s shares jumped another 15.4% in premarket trading, following four straight days of gains and a nearly 36% surge in Thursday’s session alone. AMC – popular among the so-called “meme” stocks – has more than doubled
Daniel Acker | Bloomberg | Getty Images Car shoppers hoping to cash in on Memorial Day weekend sales events may want to rein in their expectations. On top of reduced inventory due to a shortage of microchips — key parts needed for today’s autos to operate — and unrelenting consumer demand pushing prices higher, there
Courtney Keating | Getty Images Lower-income homeowners could potentially save hundreds of dollars a month on their mortgage under a government refinancing initiative that starts next week. Fannie Mae, one of two government-sponsored and publicly traded enterprises that buys and sells mortgages, will open its “RefiNow” program on June 5 with the intention of helping
In this article AMC Street performers in Minnie Mouse costumes pass in front of an AMC movie theater at night in the Times Square neighborhood of New York, Oct. 15, 2020. Amir Hamja | Bloomberg | Getty Images Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last
Peter Dazeley | The Image Bank | Getty Images The threat of losing unemployment benefits in two dozen states had a modest but short-lived effect on job search activity, according to an analysis published Thursday by job site Indeed. At least 24 states have announced their early withdrawal from pandemic-era unemployment programs since early May.
When comparing different blockchains, billionaire Mark Cuban looks at a few specific characteristics before investing. “Most people look at speed and cost compared to BTC [bitcoin] or ETH [ethereum],” Cuban tells CNBC Make It. “While those things can be important, I look at blockchains as networks with development platforms via smart contracts.” Cuban is referring
Drew Angerer | Getty Images News | Getty Images President Joe Biden proposed a 39.6% top tax rate on capital gains and dividends for millionaires when he released his fiscal 2022 budget request to Congress on Friday. That’s in line with the top rate the administration outlined in April as part of tax increases on
Southeast Asia’s e-commerce market could grow by more than $280 billion by 2030 if major online shopping marketplaces do more to encourage and enable women entrepreneurs, a new report from the International Finance Corporation found. The “anonymity” of e-commerce has reduced many of the barriers to entry traditionally faced by women and afforded them the
Stat scam; shopping center switcheroo; what a pain; and other highlights of recent tax cases. Houston: Jonathan Adam Van Pelt, former owner of a local staffing company, has admitted he willfully failed to account for and pay federal employment taxes. Van Pelt withheld federal income taxes and Social Security and Medicare taxes from the wages
It’s been over a year since lenders and the federal government stepped in to help Americans stay in their homes amid the global health and economic crisis caused by the Covid-19 pandemic. And many Americans still need that support. About 2.1 million homeowners are still in forbearance plans that suspend their mortgage payments, according to
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kali9 | E+ | Getty Images The Centers for Disease Control and Prevention eased its public health guidance for summer camps Friday, saying fully vaccinated teens don’t need to wear face masks or stay 6 feet away from others. Fully vaccinated teens should still wear masks where required, including at local businesses and workplaces, according
In this article URBN ANF AEO A shopper wearing a protective mask walks past a sale sign at an American Eagle Outfitters Inc. clothing store at Westfield San Francisco Centre in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty Images American Eagle Outfitters reported Wednesday fiscal first-quarter earnings
Check out the companies making headlines in midday trading. AMC Entertainment — Shares of AMC Entertainment are in a middle of a roller-coaster session Friday as they turned 5% lower after rallying as much as 38%. By midday, over 360 million shares have already been traded, more than tripling its 30-day average. Shares have already
A butcher stocks a display case with packages of steaks at a Costco store on May 24, 2021 in Novato, California. Justin Sullivan | Getty Images Don’t tell Costco executives that inflation is low. The big-box club chain said it’s been seeing accelerating prices across a range of products, including shipping containers, aluminum foil and
STR | NurPhoto | Getty Images Cryptocurrency has increasingly become a factor in divorce settlements as bitcoin, dogecoin and other types gain mainstream acceptance and values spike. More than 20 million Americans may own cryptocurrency, industry groups estimate, and the digital currency market value rose to $2 trillion for the first time in April. Whether
Today, Rep. Jerry Nadler (D-NY) reintroduced the Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) to reform federal treatment of marijuana by descheduling it, meaning it no longer would be a prohibited substance. Not surprisingly, the bill includes an excise tax on all sales of marijuana products, which would take effect six months after the
In this article BBY Ruben Fragoso checks out appliances for sale at the Best Buy store in April 2010 in Miami, Florida. Joe Raedle, Getty Images As Americans move into new houses, remodel homes and watch real estate values rise, Best Buy CEO Corie Barry said they are buying appliances and big-screen TVs and hiring