A Nordstrom store in Irvine, California. Scott Mlyn | CNBC Nordstrom on Tuesday reported fourth-quarter sales and earnings that topped analysts’ estimates, thanks to stronger shopper demand online and growth at its off-price Nordstrom Rack business. But the company cautioned that it has been recently impacted by shipping delays, which held up some of its
Month: March 2021
Britain’s Chancellor of the Exchequer Rishi Sunak takes part in a national “clap for carers” to show thanks for the work of Britain’s National Health Service (NHS) workers and frontline medical staff around the country as they battle with the coronavirus pandemic, on the steps of the Foreign and Commonwealth Office (FCO) on April 16,
Customs and manners are so important to Japanese culture that many travel websites have sections dedicated to the topic. Japan is currently closed to international travelers, but the country is exploring ways to safely reopen before the start of the Tokyo Summer Olympics, which is scheduled for late July. Tourists aren’t expected to understand all
Mortgage interest rates last week rose at the fastest pace in over a year, throwing cold water on already cooling demand. Total mortgage application volume was essentially flat for the week, rising just 0.5% according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan
Japanese billionaire entrepreneur Yusaku Maezawa speaks at SpaceX’s headquarters in Hawthorne, California. Michael Sheetz | CNBC Japanese billionaire Yusaku Maezawa announced on Tuesday that he will choose eight members of the public to join him on his trip around the moon, scheduled to fly on SpaceX’s Starship rocket in 2023. “I’m inviting you to join
romrodinka | iStock | Getty Images You may already have noticed that you’re spending more to fill your car’s gas tank. Don’t be surprised if the price keeps ticking higher. The national average cost for a gallon of gas has increased by about 18 cents over the last two weeks, on the heels of reduced
Table of Contents Key Findings Mississippi House Bill 1439 would phase out the state’s individual income tax by making the personal exemption more generous over time, funded by increases to sales and excise tax rates and the dedication of future revenue growth to the tax’s elimination. The legislation also phases in a reduction of the
Greg Abbott, governor of Texas, speaks during an Operation Warp Speed vaccine summit at the White House in Washington, D.C., on Tuesday, Dec. 8, 2020. Al Drago | Bloomberg | Getty Images The governors of Texas and Mississippi both announced Tuesday that they are lifting statewide mask mandates and allowing businesses to reopen at full
Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., center, reacts while ringing the opening bell during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, April 18, 2019. Zoom reported net income of $7.6 million on revenue of $331 million for the year ended
An electric vehicle charging station is seen at Nio’s headquarters on Jan. 31, 2021 in Hefei, Anhui Province of China. Ruan Xuefeng | Visual China Group | Getty Images BEIJING — Chinese consumers thinking about whether to buy Tesla‘s electric cars or local alternatives have two things at the top of their minds: price and
In late 2020, Josh Tetrick achieved a world first: His food tech company, Eat Just, became the first in the world to start selling cultured chicken for human consumption, after receiving the go-ahead from Singapore regulators. The landmark approval marks a major leap forward for the multibillion-dollar company as it aims to disrupt the established
Rows of houses in Las Vegas. Jacob Kepler | Bloomberg | Getty Images Doma, a firm that looks to disrupt the real estate title insurance market, has agreed to combine with Capitol Investment Corp. V, a publicly traded special purpose acquisition company. Doma, formerly known as States Title, has a less than 1% share of
The contents of the Starlink Kit for customers, which includes the satellite antenna dish, a stand, its power supply, and a WiFi router. SpaceX SpaceX plans to build a new factory in Austin, Texas – adding another expansion to the region from one of Elon Musk’s companies after the billionaire founder moved there last year.
Luis Alvarez | DigitalVision | Getty Images The House of Representatives’ $1.9 trillion coronavirus relief bill includes a proposal that could help keep some seniors out of nursing homes. The bill calls for a 7.5% increase — or about $10 billion — in additional federal Medicaid matching funds for home- and community-based services. The extra
Disney has done it again. On Monday, reviews for the studio’s latest animated feature “Raya and the Last Dragon” began to trickle in, signaling that the House of Mouse has yet another hit on its hands. So far, the film, which is due to hit theaters and Disney+ premiere access on Friday, holds a 96%
Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s on Tuesday reported fourth-quarter earnings and sales that topped analysts’ estimates, and pointed to stronger growth in 2021. Facing pressure from activist investors, the company said it will reinstate its dividend and
Gary Gensler, President Joe Biden’s pick to lead the Securities and Exchange Commission, said he would hope to oversee cryptocurrency regulation, the “gamification” of equity trading and board diversity if confirmed to lead Wall Street’s chief regulator. Gensler, who testified before the Senate Banking Committee on Tuesday, was grilled on whether he would scrutinize payment
Jeff Bezos, founder and CEO of Amazon, speaks to a group of Amazon employees that are veterans during an Amazon Veterans Day celebration on Monday, November 12, 2018. Leonard Ortiz | Digital First Media | Getty Images Jeff Bezos would owe $5.7 billion in taxes for 2020 under the Ultra-Millionaire Tax Act proposed by a
10’000 Hours | DigitalVision | Getty Images There is just over a week left of priority access to the Paycheck Protection Program’s forgivable loans for the owners of the nation’s smallest businesses. Last Wednesday, the Small Business Administration started only accepting PPP loan applications from firms with fewer than 20 employees. This priority period is
Existing home sales last year reached their highest levels since 2006. However, increasing numbers of climate disasters across the country have sparked concern about how safe homes are. Potential buyers rarely wonder “what the flood plain is here, or do they look around and see this beautiful forest and say, ‘Oh, my God, it’s going