Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, U.S. December 20, 2020. Paul Sancya | Reuters FedEx reported better-than-expected profits and revenues in its most recent quarter after an “unprecedented” peak holiday shipping season, despite severe weather in February that “significantly impaired” operations
Month: March 2021
A man walks in front of a Nike products exhibit, on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Nike posted mixed quarterly results on Thursday, as sales fell short, hurt by U.S. port congestion, which led to inventory delays, and stores faced temporary closures in Europe. Its
U.S. Secretary of State Antony Blinken (2nd R), joined by national security advisor Jake Sullivan (R), speaks while facing Yang Jiechi (2nd L), director of the Central Foreign Affairs Commission Office, and Wang Yi (L), China’s foreign minister at the opening session of U.S.-China talks at the Captain Cook Hotel in Anchorage, Alaska on March
Alexis Ohanian is perhaps most widely known for co-founding Reddit and selling it for $10 million 16 months later at the age of 23 (and for marrying tennis legend Serena Williams in 2017). But today he is also known as a savvy start-up investor. Ohanian, now 37, recently founded venture capital fund Seven Seven Six and has invested in
A pedestrian passes in front of 200 West Street, which houses the headquarters of Goldman Sachs Group Inc., in New York. Scott Eells | Bloomberg | Getty Images Junior investment bankers at Goldman Sachs are suffering burnout from 100-hour work weeks and demanding bosses during a SPAC-fueled boom in deals, according to an internal survey
Valerie Macon | AFP | Getty Images The Social Security Administration ramped up virtual meetings with customers over the past year in response to the Covid-19 pandemic, and that and other changes might be here to stay, according to Commissioner Andrew Saul. “Like many businesses and organizations, the pandemic has forced us to adapt,” Saul
On March 17, it was announced that the tax deadline to file individual federal income tax returns has been extended to May 17, 2021. This gives filers an extra 32 days to complete and file their tax returns without being subject to late filing penalties. The IRS has also issued a tax deadline extension to
vitapix | E+ | Getty Images Mortgage rates bounced higher again this week, making homebuying even more expensive at the start of the all-important spring market. With home prices skyrocketing, any rise in rates knocks even more potential buyers out of the running, and yet somehow the housing market is more competitive than ever. The
The athletic apparel retailer Fabletics is planning to open two dozen stores in the U.S. this year, bringing its total to 74. Source: Fabletics For the first time in years, retailers across the country are planning to open more stores than they are closing. From Ulta Beauty and Sephora, to Dick’s Sporting Goods, Five Below
A Dollar General store in Creve Coeur, Illinois. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Williams-Sonoma – Shares of the retailer jumped more than 20% after the company beat top and bottom line estimates during the fourth quarter. Williams-Sonoma earned $3.95 per share excluding items during
Exterior of the 2019 Lamborghini Urus with a base retail price starting at $200,000. Adam Jeffery | CNBC Lamborghini reported record profits in 2020 as its wealthy customers — especially in China — rode the global bull market in style. Despite a mandatory factory shutdown of over two months during the Covid-19 pandemic, the “raging
This video shows the Capella-3 satellite’s reflector deployment, using the its boom as a “selfie stick”. The reflector is folded and compact as it reaches space and expands to a 3.5 meter diameter object. Capella Space Satellite imagery specialist Capella Space on Thursday released the first images captured by its two latest spacecraft launched in
10’000 Hours Millions of Americans will get a tax break on their unemployment benefits this tax season. But certain income rules limit who can qualify. Fortunately, there are a few tax maneuvers involving individual retirement accounts, health savings accounts and write-offs for business equipment that may help workers skirt those restrictions. “There’s a little ray
Maskot The IRS and Treasury Department have extended the tax-filing season, pushing the deadline to May 17 from April 15. The extension won’t help every taxpayer, however. That’s because it does not include estimated tax payments, which are still due April 15. Some taxpayers must make quarterly estimated tax payments throughout the year to avoid
With more companies allowing their employees to work from home during the Covid pandemic, young urbanites have been moving into suburban and rural areas that give their pets more space to roam, said Petco CEO Ron Coughlin in a “Squawk on the Street” interview. “There are people, millennials, who couldn’t have pets in apartments, who
A Giant Eagle Inc. Market District supermarket stands in Pittsburgh, Pennsylvania, U.S., on Tuesday, Oct. 29, 2019. Allison Ferrand | Bloomberg | Getty Images At the start of 2020, Giant Eagle kicked off a company-wide mission to phase out all single-use plastic bags. The Pittsburgh-based grocery chain stopped offering thin, throwaway bags at the checkout
A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. Aly Song | Reuters BEIJING — Vanguard’s experiment with financial technology in China is showing early signs of success. In less than a year, more than 1 million users have
NFT non-fungible tokens art and collectables illustration, use blockchain technology to create unique digital items for crypto art, crypto-collectibles and crypto-gaming. holly harry | iStock | Getty Images The NFT craze may come with a painful tax surprise for buyers and sellers who use cryptocurrencies, according to tax experts. Sales of NFTs, or non-fungible tokens,
The Internal Revenue Services offices in Washington, D.C. Adam Jeffery | CNBC Taxpayers will have more time to get their taxes in order this year. The IRS is planning to push back the deadline for filing tax returns by about one month, originally thought to be May 15, from the usual April 15, CNBC confirmed.
With passage of the American Rescue Plan (ARP), much of the $6 trillion in relief over the past year was directed to the unemployed in unemployment insurance (UI) benefits and to low- and moderate-income households in stimulus payments and child tax credits (CTC). The unemployment insurance benefits paired existing state-level weekly aid with a federal
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