Stimulus checks printed at the Philadelphia Financial Center in Philadelphia. Jeff Fusco | Getty Images Many Americans are waiting for their second stimulus check and others want to know when they could possibly get a third payment. The $1.9 trillion Covid relief plan pushed by President Joe Biden includes a third round of $1,400 stimulus
Month: January 2021
As department stores like Saks Fifth Avenue try to get shoppers back into stores after the Covid-19 pandemic shutdowns, the shift to online sales may continue to accelerate thanks to personalization technology. Richard Lautens | Toronto Star | Getty Images Personal shopping services once reserved for the wealthiest consumers are becoming increasingly popular amid the
If you’re the type of eager beaver who likes to get your taxes done early every year, you’ll have to wait a bit longer than usual to file your 2020 return — until well after Groundhog Day, in fact. The IRS recently announced that it won’t begin accepting returns until February 12, which is 16
Recognize the photograph above? It adorns walls, computer screens and websites for psychiatrists and financial planners. It’s also on shower curtains, tote bags, maxi dresses, neck gaiters and ruffled bathing suits. Though seemingly too beautiful to be real, the scene depicts an actual place. It’s Arashiyama Bamboo Grove, one of the most famous sites in
Southwest Airlines flight 1117 from St. Louis lands at Boston Logan International Airport on March 13, 2019. (Photo by John Tlumacki/The Boston Globe via Getty Images) John Tlumacki | The Boston Globe | Getty Images American Airlines and Southwest Airlines on Thursday reported record annual losses and said don’t expect a strong pickup in bookings
Comcast on Thursday reported fiscal fourth-quarter results that beat analyst estimates on the top and bottom lines. Comcast also reported record net customer additions for high-speed internet service in Q4, and an additional 11 million subscribers to its new streaming service, Peacock. The stock was up more than 7.5% in the afternoon. Here are the
To defy Wall Street hedge funds and the stocks they bet against, a group of retail investors on Reddit forum r/WallStreetBets rallied together to help drive the stock price of GameStop, AMC Entertainment and BlackBerry, to name a few. Many traditional investors are concerned by the speculative trading, but billionaire Mark Cuban is not one
McDonald’s on Thursday reported that its U.S. same-store sales jumped to 5.5% in its latest quarter, but the coronavirus pandemic is still adding costs and slowing recovery in many of its international markets. Shares of the company fell about 1% in premarket trading. Here’s what the company reported for the quarter ended Dec. 31 compared
Tesla reported earnings after the bell and it’s a miss on earnings, but another profitable quarter for Elon Musk’s electric vehicle and solar business. Shares were down about 3% after hours. Here are the results, versus what analysts were expecting according to estimates compiled by Refinitiv: Earnings: 80 cents adj. vs $1.03 per share expected Revenue: $10.74
Facebook stock was up in after-hours trading on Wednesday after the company reported its fourth-quarter earnings. The company warned the looming changes in Apple’s iOS 14 and a reversal in pandemic trends could hurt its advertising business. Here are the numbers: Earnings: $3.88 per share vs $3.22 per share forecast by Refinitiv Revenue: $28.07 billion vs $26.44 billion
An ultra-rare portrait by the famed Italian painter Sandro Botticelli could fetch $80 million or more when it comes up for sale at Sotheby’s on Thursday. The auction marks the first big test of the art market this year, as well as the willingness of global collectors to pay eight or nine figures for trophy
Levi’s clothes are seen on a store shelf in Miami, Florida. Joe Raedle | Getty Images Levi Strauss & Co. reported Wednesday its total holiday-quarter sales dropped 12%, marking an improvement from a more than 20% decline in the prior period, as weak shopper traffic at its stores was partially offset by double-digit growth online.
Apple CEO Tim Cook reveals the new iPhone 12. Source Apple is set to report its first quarter earnings after the bell Wednesday. Here’s what Wall Street is expecting: EPS: $1.41, according to Refinitiv consensus estimates Revenue: $103.28 billion, according to Refinitiv consensus estimates If Apple hits Wall Street expectations, it will be the company’s
Bill Gates was “very surprised” when he and Dr. Anthony Fauci became the targets of “crazy” and “evil” conspiracy theories related to the ongoing coronavirus pandemic, Gates told Reuters on Wednesday. The billionaire Microsoft co-founder and White House advisor Fauci, the nation’s top infectious diseases expert, have been frequent targets for baseless coronavirus conspiracy theories,
Call them the Reddit Rich. GameStop’s parabolic stock surge over the past two weeks, driven partly by the Reddit Wallstreetbets crowd, has created more than $2 billion in personal wealth for the company’s three biggest individual shareholders. While it may not last long, the massive shareholder gains generated in such a short time give new
The Boeing 737 Max airplane prepares to land after a test flight in Seattle, Washington, Sept. 30, 2020. Mike Siegel | The Seattle Times | Bloomberg via Getty Images Boeing reported fourth-quarter and 2020 results before the opening bell Wednesday, as it details the damage of the extended grounding of its 737 Max and the
Starbucks on Tuesday reported that its U.S. same-store sales fell 5% during its fiscal first quarter after a surge of new Covid-19 cases led to harsher dining restrictions. The company also announced that COO Roz Brewer will be leaving Starbucks at the end of February. People familiar with the matter told CNBC later Tuesday that
Lisa Su, president and chief executive officer of Advanced Micro Devices (AMD), holds a 3rd generation Ryzen desktop processor while speaking during a keynote session at the 2019 Consumer Electronics Show (CES) in Las Vegas, Jan. 9, 2019. David Paul Morris | Bloomberg | Getty Images AMD stock was flat in extended trading after the
Microsoft stock rose as much as 6% in extended trading on Tuesday after the company reported fiscal second-quarter earnings Azure cloud revenue growth and quarterly revenue guidance that exceeded analysts’ expectations. Here’s how the company did: Earnings: $2.03 per share, adjusted, vs. $1.64 per share as expected by analysts, according to Refinitiv. Revenue: $43.08 billion,
The richest of the rich are polluting the world and driving climate change, while the poorest of the poor suffer the greatest consequences, according to a new report published Monday by Oxfam International. The richest 1% of the global population have used two times as much carbon as the poorest 50% over the last 25
Billionaire investor Mark Cuban has been bullish on the future of artificial intelligence for years, and he makes it a priority to learn about and invest in AI. In fact, Cuban asks himself “How good is the company at AI?” before investing, he tweeted on Saturday. “It’s the foundation of how I invest in stocks these days. The companies
Any successful CEO will tell you that the people you hire can make or break your company. So what are the top traits hiring managers need to look for, and how do they spot them in a candidate? According to Elon Musk, it’s not about what school you went to or your level of education.
Shares of General Electric were up more than 2% in mid-day trading Tuesday after the company reported better-than-expected industrial free cash flow for the fourth quarter and a rosy outlook for this year. The stock briefly jumped by more than 10% just before the markets opened Tuesday, but shed much of those gains throughout the
New York Gov. Andrew Cuomo Lev Radin/Pacific Press/LightRocket via Getty Images “Tax the rich” policies being weighed in some statehouses to cover Covid-era budget shortfalls may make more sense in the current economy. Inequality has been a hallmark of the pandemic recovery, marked by job loss for those at the bottom and soaring wealth for
Johnson & Johnson Coronavirus vaccine illustration Dado Ruvic | Reuters Johnson & Johnson on Tuesday reported fourth-quarter earnings and revenue that beat Wall Street’s expectations. The company also said it would release key details on its coronavirus vaccine “soon.” Here’s how J&J did compared with what Wall Street expected, according to average estimates compiled by Refinitiv:
Before Mark Cuban became a billionaire in 1999, he was mostly broke in his early 20s — sleeping on the floor of an apartment he shared with six others, frequently coming home to his lights turned off and having his credit cards cut. But Cuban remained motivated by the thought of retirement and financial independence. Don’t miss: The best credit cards for
More than 150 world leaders, including Amazon boss Jeff Bezos, Salesforce CEO Marc Benioff and Ford Motor Company executive chairman Bill Ford, signed an open letter to President Joe Biden to pledge their support to the new administration’s goals to combat climate change. In particular, the open letter, released Sunday, underscored the potential job growth
The secret to a happy life isn’t an abundance of wealth — and yet, we often hear people say they want more money. But rarely anyone says they have too much, or just enough. In my 30 years of researching money and happiness, one of the most remarkable individuals I’ve ever met was a Japanese
Seychelles this month became the first nation to welcome vaccinated travelers from all over the world, sparking excitement among international travelers. But there are reasons some travelers — even vaccinated ones — may want to wait. A sudden rise in cases Throughout 2020, Seychelles reported enviably low Covid-19 infection rates. Except for a small spike
MARK RALSTON | AFP | Getty Images Someone in Michigan is kicking off their weekend a whole lot richer. A single ticket sold in the Wolverine State hit all six numbers drawn Friday night to land the $1 billion Mega Millions jackpot. The prize had been climbing for 37 weeks with no winners through twice-weekly drawings.
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