Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tilray, Canopy Growth, Aphria, Aurora Cannabis — Several cannabis stocks dropped Thursday, giving up some of the sharp gains from earlier this week as Reddit traders piled into the names. Shares of Tilray fell more than 40% after rallying
Month: February 2021
In 2003, I purchased a 1,000 square-foot, two-bedroom, two-bathroom house in San Francisco for $580,000, with a 30-year fixed-rate mortgage of 4.25%. At 26 years old, I had put almost all my savings into the 20% down payment. Over the next few years, I became obsessed with trying to pay off my mortgage early. In
A protester against Robnhood and it’s CEO holds signs in San Francisco. Lupe Mejia | CNBC Some Robinhood traders who can’t get in touch with customer service are trying another tactic: showing up at its front door. A handful of Robinhood’s clients have driven to the start-up’s headquarters in California, demanding to speak to a
MartinPrescott | E+ | Getty Images Don’t count on having extra time to get your tax return filed this year like you did in 2020. The IRS said Thursday it has no plans to extend the standard filing deadline of April 15. This comes despite the agency delaying the start date for accepting returns to
Courtney Senechal, RN, prepares to give the second Moderna vaccine shot for Covid-19, at the East Boston Neighborhood Health Center in Boston on Jan. 19, 2021. Jonathan Wiggs | Boston Globe | Getty Images Barely more than one in five small business owners (22%) will require their employees to get Covid-19 vaccines when they become
Zillow CEO Richard Barton told CNBC on Thursday the company hopes to turn the wave of people who dreamily browsed its website last year into actual homebuyers. Zillow has long been associated with so-called “real estate porn,” Barton acknowledged in a “Squawk on the Street” interview. He noted a headline in a San Francisco newspaper in 2006 made
Pre-season checklist; whether carbon taxes; best Twitter bets; and other highlights from our favorite tax bloggers. In with the new Tax Foundation (https://taxfoundation.org/blog): Our favorite opening of the week: “Champagne will flow, ‘Auld Lang Syne’ will be sung, resolutions will be made (and soon forgot, and never brought to mind), and, in a handful of
This photo shows Ford 2018 and 2019 F-150 trucks on the assembly line at the Ford Motor Company’s Rouge Complex on September 27, 2018 in Dearborn, Michigan. Jeff Kowalsky | AFP | Getty Images Automakers across the globe are expected to lose billions of dollars in earnings this year due to a shortage of semiconductor
Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ estimates, fueled by the growth of its snacks and drinks. On the heels of its strong quarter, the Frito-Lay owner said that it expects its 2021 results to
Check out the companies making headlines before the bell: PepsiCo (PEP) – The beverage and snack giant beat estimates by a penny with adjusted quarterly earnings of $1.47 per share, and revenue was above estimates as well. The company said it expects to see organic revenue and adjusted profit growth this year, and also announced
It’s often said that remote workers can work from anywhere where there’s an internet connection. But tell that to someone who wants to live and work in Bangkok or Bali right now. The coronavirus pandemic has pushed millions of workers from their offices into their homes — and many have decided they want to change
The Bank of New York Mellon on Wall Street, New York. Scott Mlyn | CNBC Bank of New York Mellon, the nation’s oldest bank, said Thursday that it will begin financing bitcoin and other digital currencies. The custody bank will eventually allow digital currencies to pass through the same financial network it currently uses for
People line up to receive free food donations Nov. 19, 2020 outside the St. Charles Borromeo Church in New York City. Robert Nickelsberg | Getty Images News | Getty Images Nearly 11 million Americans will lose unemployment benefits in about two months without additional Covid relief, according to an analysis published Wednesday. That so-called benefits
As the House Ways and Means Committee continues working on the latest round of fiscal relief amid the pandemic, one curious provision in the legislation is a tax hike on multinational companies. One section of the legislation would repeal a provision in current law that allows U.S. multinationals to choose to allocate their interest costs
This illustration shows a woman wearing two facemasks, a cloth mask over a surgical mask, in Arlington, Virginia, on February 8, 2021. Olivier Douliery | AFP | Getty Images Wearing a cloth mask over a surgical mask can help significantly reduce the risk of exposure to Covid-19, according to a new study from the Centers
Chuck Robbins, chief executive officer of Cisco Technologies Inc., speaks during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 17, 2017. World leaders, influential executives, bankers and policy makers attend the 47th annual meeting of the World Economic Forum in Davos from Jan. 17 – 20. Jason Alden
A popular spot targeted by retail investors may deliver the year’s biggest gains. Wells Fargo Securities’ Chris Harvey said he believes the affinity for small caps has merit because growth stocks have gotten so expensive. “Retail is very influential,” the firm’s head of equity strategy told CNBC’s “Trading Nation“ on Wednesday. “They’re becoming a bigger part
Whitney Wolfe Herd speaks onstage during the Fortune Most Powerful Women Next Gen conference at Monarch Beach Resort on November 13, 2017 in Dana Point, California. Joe Scarnici | Getty Images Entertainment When 31-year-old Bumble CEO Whitney Wolfe Herd takes her company public this week, she will be noted not only for her youth but
Getting America’s workforce vaccinated will go a long way toward helping the country reach herd immunity. Instacart, Target, Trader Joe’s, McDonald’s and Dollar General are among a growing list of companies giving workers time off and extra money to get vaccinated for Covid-19. Others, including Amazon, Uber and DoorDash, are going a step further by lobbying state officials to secure
The cost of lumber is going through the roof, and that is hitting the housing industry on all fronts. For homebuilders, renovation contractors and DIYers, the costs of projects is now far higher than it was just a year ago and about to cross into historic territory. Softwood lumber prices are now about 112% higher
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