Cristiano Amon, president of Qualcomm and Qualcomm CDMA Technologies, responds to a question during a panel discussion on 5G wireless broadband technology during the 2018 CES in Las Vegas, Nevada, U.S. January 10, 2018. Steve Marcus | Reuters Qualcomm reported first quarter earnings after the bell Wednesday. Adjusted earnings beat expectations but Qualcomm’s sales were
Month: February 2021
A person walks into the Nordstrom store open for business as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 29, 2020 in New York, New York. Rob Kim | Getty Images Retailers including Nordstrom, Coach owner Tapestry and Michael Kors parent Capri Holdings are
Getting into the Super Bowl spirit usually entails some sort of wager. This year, however, gambling on the big game looks a lot different than it has in the past. Altogether, more than half of Americans said they’ll bet on this Sunday’s Super Bowl LV, according to a report from LendingTree. Despite widespread job losses,
The affordable housing crisis in the United States continues to be a problem and it’s only getting worse. Nationally, there is a shortage of about seven million affordable homes for our nation’s more than 11 million extremely low-income families, according to the National Low Income Housing Coalition. Some areas are worse off than others, with
Condo bunco; life goes on; heavy metals; and other highlights of recent tax cases. Honolulu: Businessman Wagdy Guirguis and CPA Michael Higa have been convicted of conspiracy to defraud the U.S. government. Guirguis was also convicted of three counts of filing false corporate income tax returns, one count of failure to file a corporate income
Blimps were once at the forefront of aviation innovation. They took passengers across oceans in luxurious cabins, and they protected U.S. warships in open seas. But as the airplane quickly took over the age of aviation, blimps and airships faded from widespread use. “Everybody talks about the Hindenburg crash being the end of the airship,”
Shoppers pass a Coach display in Macy’s, New York. Scott Mlyn | CNBC Coach-owner Tapestry said Thursday its sales fell 7% during the holiday quarter as the retailer tries to claw its way back from the losses seen during the pandemic. The company appeared more optimistic, however, about shopper demand strengthening later this year, but
The GameStop Corp. logo on a smartphone Tiffany Hagler-Geard | Bloomberg | Getty Images A look at a list of the 10 most-purchased stocks by retail traders during the market mania last month is missing one key stock: GameStop. AMC Entertainment and Plug Power, two names caught up in the trading frenzy along with GameStop,
A United Parcel Service worker delivers packages in New York City. Stephanie Keith | Getty Images Volatility has made its way back to Wall Street. Over the last few weeks, the trading mania related to GameStop and AMC Entertainment has hogged headlines, after a group of retail investors banded together to bid up the share
Sen. Bernie Sanders, I-Vt., speaks during an event to introduce the Raise The Wage Act at the U.S. Capitol on Jan. 16, 2019. Chip Somodevilla | Getty Images Senate Democrats passed a budget resolution early Friday, the latest step towards approving President Joe Biden’s $1.9 trillion stimulus plan by a simple majority without Republican votes.
Although this week’s Super Bowl festivities may be muted, with far fewer parties and celebrations, states with legalized sports betting may have something to cheer: a tax revenue bump thanks to the accompanying excise taxes. The American Gaming Association estimates that Americans will wager a total of $4.3 billion on the highly anticipated matchup of
A woman receives a Pfizer COVID-19 vaccine at a vaccination center established at the Triton College in River Grove, Illinois, on February 3, 2021. Kamil Krzaczynski | AFP | Getty Images Dozens of states and cities are clawing back thousands of extra doses of Covid-19 vaccine that were meant to be used by CVS and
People volunteer for Covid-19 surveillance testing using the Quest Diagnostics self administered PCR test on on July 12, 2020 in Livingston, Montana. William Campbell | Getty Images Quest Diagnostics said Thursday that continued high demand for Covid-19 testing helped drive record revenues and earnings for the company in the fourth quarter and full year 2020.
Traders work on the floor of the New York Stock Exchange. NYSE Blowout earnings are forcing analysts to up estimates for 2021. With a little more than half of companies reporting, earnings are proving to be a pleasant surprise for the trading community. The GameStop/Robinhood fiasco is turning out to be a minor blip in
Dan and Grace Porte lost their jobs at Target when the Covid pandemic began. The couple, in their mid-80s, had used the income to supplement Social Security. Dan and Grace Porte Dan and Grace Porte worked together for decades. In the 1970s, they started a paint and wallpaper business. Then, after the housing bubble burst
Since 2018’s landmark South Dakota v. Wayfair Supreme Court case, most states have jumped at the chance to use their newfound authority to tax a greater share of online sales. Some states designed their systems better than others, and many still include relics of previous regulations dealing with physical presence, but nearly every state was
With more than 100 million viewers tuning in, some of the largest U.S. brands shell out millions of dollars every year for airtime during the Super Bowl. In years past, the likes of Doritos and T-Mobile have paid for multiple ads to run during the NFL championship game in the hopes of creating a splash
A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Kohl’s on Thursday released preliminary fourth-quarter results, anticipating sales to be down about 10% year over year, and same-store sales dropping 11%. Its shares were up about 1% in premarket trading. Chief Executive Michelle Gass said digital sales represented more than
President Joe Biden speaks delivers a foreign policy address during a visit to the State Department in Washington, February 4, 2021. Tom Brenner | Reuters President Joe Biden said this weekend that it is unlikely a $15 federal minimum wage provision makes it into the next Covid-19 relief package, hitting pause on a key campaign
Before he co-founded Twitter and became a billionaire, Jack Dorsey thought about quitting the tech industry altogether for an entirely different line of work: fashion designer. Today, 44-year-old Dorsey is the CEO of both Twitter and mobile payment company Square and has an estimated personal net worth of $12.9 billion, according to Forbes. But, before
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