The row of two-story tall 3D printer bays at the company’s headquarters. Relativity Space The founders of two private rocket-building companies met today – one, the richest person on Earth; the other, leader of a venture pushing the boundaries of manufacturing. Jeff Bezos stopped by the gleaming new “factory of the future” of Relativity Space
Month: March 2021
It’s been one year since the coronavirus crisis brought the economy to its knees, and some people may never financially recover. Despite recent signs of improvement — including modest job gains and progress on Covid-19 vaccine shots, which paves the way to a more open economy — about half of working adults in the U.S. said
As part of congressional negotiations this week over President Biden’s $1.9 trillion coronavirus relief package, the Senate Democrats’ compromise of faster phaseout rates to be eligible for checks will create high marginal tax rates on taxpayers over a narrow range of income. This change makes the direct payments more targeted to those in need but
Patrons Sari and Peter Melendez enjoy lunch at Katz’s Delicatessen, the famous deli founded in 1888, on the first day of the return to indoor dining for New York City, during the coronavirus disease (COVID-19) pandemic, in New York, February 12, 2021. Brendan McDermid | Reuters Easing mask mandates and reopening restaurants have led to
A logo of a Virgin Galactic is seen outside the building during the company’s first day of trading on the New York Stock Exchange (NYSE) on October 28, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Check out the companies making headlines in midday trading. Virgin Galactic – The space company’s shares
As vaccination rollouts gather pace around the world, attention is now turning to vaccines of another kind: vaccine passports. Last week, the International Air Travel Association (IATA) announced the launch of its new digital travel pass as “the way forward” in resuming quarantine-free international travel. The app, which is so far being trialed by 30
LGI Homes Chairman and CEO Eric Lipar told CNBC on Friday he believes housing demand will remain robust even in the face of rising mortgage rates. A day earlier, Freddie Mac reported the 30-year fixed-rate mortgage reached its highest level since July after eclipsing 3%. And on Wednesday, the Mortgage Bankers Association’s seasonally adjusted index
A Model X is on display at a Tesla showroom on February 13, 2021 in Beijing, China. VCG | Visual China Group | Getty Images What’s behind the drop in tech stocks? A model Wall Street uses to value stocks is flashing caution. Tech stocks are in a correction. The Nasdaq 100, the largest 100
Food is loaded as drivers in their vehicles wait in line on arrival at a “Let’s Feed LA County” food distribution hosted by the Los Angeles Food Bank on Dec. 4, 2020 in Hacienda Heights, California. FREDERIC J. BROWN | AFP | Getty Images Long-term joblessness is nearing a record, as Washington lawmakers rush to
My name is Katherine Loughead, and I am a Senior Policy Analyst with the Tax Foundation, a nonprofit, nonpartisan tax policy research organization based in Washington, D.C. We do not take a position on legislation, but I appreciate the chance to share some informational points with you today. First, I’d like to commend this committee
An employee at Anthropologie at Fashion Island greets customers at the store in Newport Beach, CA on Tuesday, May 26, 2020. Paul Bersebach | MediaNews Group | Orange County Register via Getty Images Some of us are saying “so long” to sweat pants. In the final week of February, seven of the top 10 selling
Volunteers load shopping bags with food assistance for laid off workers at a food distribution event on Dec. 12, 2020 in Orlando, Florida. Paul Hennessy/NurPhoto via Getty Images Democrats are poised to send more unemployment benefits to laid-off workers. Meanwhile, some workers are still waiting on the last tranche, authorized months ago. A $900 billion
Although many remain wary of the cryptocurrency, bitcoin has garnered a wave of support in recent months – in February alone, fintech company Square and enterprise software company MicroStrategy bought large sums of additional bitcoin to add to their existing portfolios, while electric car company Tesla added billions of dollars worth of the coin to
JGI/Tom Grill | Tetra images | Getty Images Self-employed and gig workers who have been waiting for new rules that would mean larger forgivable loans through the Paycheck Protection Program can now move forward with their applications. As of Friday, the Small Business Administration is ready to accept and process updated PPP applications from sole
People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images The spring housing market is shaping up to be the leanest and most competitive ever. A sharp drop in new listings partly due to severe weather, combined with already record-low supply,
Virgin Galactic leaders in front of the New York Stock Exchange, from left: CEO George Whitesides, founder Richard Branson and Chairman Chamath Palihapitiya. Virgin Galactic Billionaire investor Chamath Palihapitiya, the chairman of Virgin Galactic who took the company public through a SPAC deal in 2019, sold his remaining personal stake earlier this week, a securities
Tetra Images | Tetra images | Getty Images It would be normal to want to spend a minimal amount of time planning for your own death. Yet there’s a key aspect of creating an estate plan that experts say you shouldn’t gloss over. For instance, choosing who would carry out the wishes outlined in your
Prepared syringes at the Brussels Expo Covid-19 Vaccination Center in Brussels, Belgium, on Friday, March 5, 2021. Bloomberg | Bloomberg | Getty Images LONDON — Europe’s coronavirus vaccine rollout has been thrust into the spotlight once again after the Italian government blocked a shipment of Oxford-AstraZeneca vaccines to Australia. The EU has struggled to distribute
A man walks past a store on January 12, 2021 in New York City. Angela Weiss | AFP | Getty Images Gap Inc. on Thursday predicted a bounce back to sales growth in 2021, hopeful that customers will soon return to its stores and spend more money on apparel as they look to resume some
LONDON — Special purpose acquisition companies, or SPACs, are showing signs of “froth” in the U.S. — and that doesn’t bode well for investors, the boss of London’s stock exchange warned Friday. “There has been some recognition of the froth in the U.S. market,” London Stock Exchange Group (LSEG) CEO David Schwimmer told CNBC’s “Squawk
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