CEO Peter Beck stands at the base of the fairing, or nosecone, of the Neutron rocket the company is developing. Rocket Lab Rocket Lab is going public in the next few months through a SPAC merger and CEO Peter Beck spoke to CNBC to break down the space company’s opportunities thanks to the deal’s cash
Month: March 2021
FreezeFrameStudio | E+ | Getty Images If you ended up tapping your nest egg due to Covid last year, don’t forget the taxman. Most people did not take an early distribution from qualified retirement accounts — i.e., a 401(k) or individual retirement account — as permitted under temporary rules for last year, according to plan
States are easing social distancing rules but it’s “too soon” to roll back Covid restrictions, Dr. Atul Gawande warned on CNBC’s “The News with Shepard Smith.” “We are currently at levels of cases that are still above the highest level of our last surge, so we haven’t even come down below the surge last summer,”
People exit Target store in Midtown Manhattan on August 19, 2020 in New York. Eduardo Munoz Alvarez | Corbis News | Getty Images Target will report its fourth-quarter earnings before the bell on Tuesday, as it tries to sustain gains while pandemic-related tailwinds ease. The retailer will host a virtual investor day on Tuesday to
Take a look at some of the biggest movers in the premarket: Zoom Video (ZM) – Zoom reported quarterly profit of $1.22 per share, beating the consensus estimate of 79 cents a share. Revenue also topped forecasts, and Zoom gave an upbeat current-quarter forecast in anticipation of millions continuing to use its video messaging platform.
Growing up in Birmingham, Alabama, all his life Josh Tetrick was certain he was going to be a linebacker in the National Football League. So when he fell short of a career as a professional football player, he needed a new place to channel his energy. As Tetrick saw it, he had two choices: Follow
A visual representation of digital currencies. Yuriko Nakao | Getty Images New York attorney general Letitia James sent a blistering warning to investors and industry members about the dangers of cryptocurrencies on Monday. “We’re sending a clear message to the entire industry that you either play by the rules or we will shut you down,”
Hispanolistic New $1,400 stimulus checks could be on the way to millions of Americans now that the House of Representatives has passed the latest coronavirus relief bill. The fate of those payments now rests in the hands of the Senate, which is due to begin considering the proposed legislation this week. The terms have called
Wednesday, the United Kingdom will publish its 2021 budget, after the fall budget was delayed due to the pandemic. In addition, the UK government will launch several consultations on the future of the country’s tax strategy on March 23. Changes to the corporation tax—particularly an increase in the UK’s 19 percent corporation tax rate—are reportedly among
Gary Collis of Bunker Hill, West Virginia, receives his boost dose at a coronavirus disease (COVID-19) community vaccination event, as the vaccination rate in West Virginia ranks among highest in world, in Martinsburg, February 25, 2021. Kevin Lamarque | Reuters Johnson & Johnson‘s Covid-19 vaccine can be used as a substitute for a second jab
The major indexes may be kicking off the month in rally mode, but PNC Financial’s Amanda Agati sees trouble under the hood. She believes the rotation into economically sensitive market groups from stay-at-home plays is overdone. “The value side of the equation — that ‘go outside’ trade — has really moved way too far and
Advertisement Continue reading the main story Opinion Supported by Continue reading the main story Too Much Choice Is Hurting America Learning from subprime, health care and electricity. Opinion Columnist March 1, 2021, 7:00 p.m. ET Credit…Peter van Agtmael/Magnum Photos Dan Patrick, the lieutenant governor of Texas, is clearly what my father would have called a
Yellow Dog Prod. | Image Bank | Getty Images After a wild final week of a volatile month, it’s becoming increasingly clear that something is spooking investors. That something is the potential for a surge in inflation later this year. Investors are justifiably concerned that the combination of sustained Fed interest-rate suppression and trillions in
Sen. Elizabeth Warren, D-Mass., holds a news conference to announce legislation that would tax the net worth of America’s wealthiest individuals at the U.S. Capitol on Mar. 1, 2021 in Washington. Chip Somodevilla | Getty Images News | Getty Images A slew of Democrats on Capitol Hill — including progressives Sen. Elizabeth Warren, D-Mass., and
Amid a debate over water extraction from Florida’s springs, Florida Sen. Annette Taddeo (D) has introduced a bill (SB 562) which, if enacted, would establish an excise tax on water extraction beginning July 1. According to Taddeo, the 12.5 cents per gallon tax matches what water companies pay per gallon when bottling water supplied from public
Tina Fey and Amy Poehler speak via livestream during the 78th Annual Golden Globe® Awards at The Rainbow Room on February 28, 2021 in New York City. Kevin Mazur | Getty Images Entertainment | Getty Images “Could this whole night have been an email?” co-host Tina Fey asked a small, socially distanced audience of first
Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images While the Federal Reserve may not raise its benchmark interest rate for years, there are growing expectations it may tweak policy soon to address some of the recent tumult in the
On Friday, Samantha John pitched Hopscotch, an app that teaches kids how to code by building games, to the Sharks on ABC’s “Shark Tank.” Over the last nine years, John turned her passion for programming into a profitable business. But “when I was a kid, I never thought that coding was for me. I was
Virojt Changyencham | Moment | Getty Images The self-employed and gig workers are anxiously waiting for the Small Business Association to update guidelines to its Paycheck Protection Program, which could mean bigger loans for the group. The Biden administration announced last week changes to how the SBA will calculate forgivable loans for sole proprietors and
Rocket Lab CEO Peter Beck stands with one his company’s Electron rockets. Rocket Lab Rocket Lab, the leader among companies building small rockets to launch satellites, is going public through a SPAC merger that values the company at more than $4 billion when the deal closes. The company is combining with Vector Acquisition, a special