U.S. stock futures were little changed in overnight trading on Tuesday after the Dow’s worst day since February. Dow futures fell 30 points. S&P 500 futures dropped 0.12% and Nasdaq 100 futures slipped 0.14%. On Tuesday, technology stocks fell but eventually recovered, spurring selling in the broader market. The Dow Jones Industrial Average lost 473
Month: May 2021
Justin Mackey, his wife, Cassie, and their three young children: Camdyn, 14, Connor, 7, and Charlie, 3. While Justin Mackey worked to rebuild his locksmith business, the 38-year-old was relying on getting a $420-a-week unemployment check for another four months. That money was a fraction of what he brought home before the pandemic shut down
You probably didn’t go to a live concert in 2020. The majority of festivals, fairs and sporting events were canceled across the globe in 2020 to help stop the spread of the coronavirus. Alex and Kelsey Carroll’s company, Toss Up Events, designed and operated unique fan experiences at major sporting events across the country. Cancellations
The Pennsylvania teachers’ retirement fund put more than half its assets into risky alternative investments. The math didn’t work out, spurring an investigation. The search for high returns takes many pension funds far and wide, but the Pennsylvania teachers’ fund went farther than most. It invested in trailer park chains, pistachio farms, pay phone systems
Today, the U.S. Treasury issued an interim final rule on the $350 billion in State and Local Fiscal Recovery Funds provided under the American Rescue Plan Act (ARPA). The proposed rule resolves several important questions but continues to involve the federal government in state finances at an extraordinary level. Most astonishingly, the rule may functionally
A bartender wearing a protective mask mixes a drink inside a bar in San Francisco, California, on Thursday, May 6, 2021. David Paul Morris | Bloomberg | Getty Images Californians could see an extra financial boost after Gov. Gavin Newsom unveiled a proposal to send new stimulus checks and renter assistance to residents on Monday.
In this article MRNA PFE Dr. Rochelle Walensky, U.S. President-elect Joe Biden’s appointee to run the U.S. Centers for Disease Control and Prevention (CDC), listens as Biden announces nominees and appointees to serve on his health and coronavirus response teams during a news conference at his transition headquarters in Wilmington, Delaware, December 8, 2020. Kevin
In this article PLTR Peter Thiel, co-founder and chairman of Palantir Technologies Inc., pauses during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. Kiyoshi Ota | Bloomberg | Getty Images Palantir, the maker of software and analytics tools for the defense industry and large corporations, reported 49% revenue growth for its first quarter,
The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. NYSE Check out the companies making headlines in midday trading. Palantir — Shares of the secretive analytics and software firm rose 7.4% after it reported 49% revenue growth for its first
Virgin Galactic’s spacecraft outside Spaceport America in New Mexico. Virgin Galactic Virgin Galactic stock drop after reporting first quarter results accelerated in early trading on Tuesday, with the company’s next spaceflight test – and its broader path to beginning commercial flights – possibly delayed further. The space tourism company gave an update on progress toward
Luis Alvarez | DigitalVision | Getty Images The April jobs report has ignited controversy over what some see as competing interests: unemployment benefits and returning to work. But there’s a way to get both — including the extra $300 a week. “The $300 is what will attract people back to work,” Susan Houseman, research director
Thomas Barwick | DigitalVision | Getty Images Women entrepreneurs have long gotten a small slice of the venture-capital funding pie. Female VC leaders are trying to change that. In fact, opportunities abound for “wontrepreneurs,” said Julie Sandler, managing director at startup studio and venture capital fund Pioneer Square Labs, based in Seattle. She spends most
For millions of retirement savers, the pandemic was a gut punch. There was the jarring stock market drop in March 2020, then millions lost their jobs, health insurance and ability to fund their savings. The pandemic stymied adults who hadn’t started saving for retirement, the number of workers taking withdrawals from their 401(k)s last year
Last year, you probably started hearing about cryptocurrency all over the news. Digital currencies like Bitcoin, Litecoin, Dogecoin, and Ethereum have been gaining steam and legitimacy, as companies are now accepting and even investing in them. It was a big deal when Tesla bought $1.5 billion in Bitcoin in and Elon Musk announced that his
Pedestrians walk past signage for SoftBank Group outside a store in Tokyo, Japan, Nov. 29, 2018. Kiyoshi Ota | Bloomberg | Getty Images Digital mortgage lender Better.com announced Tuesday that it will make its market debut by merging with Aurora Acquisition Corp., valuing Better at $7.7 billion. The company, ranked No. 15 on last year’s CNBC Disruptor 50
In this article AAL Holding tanks are seen at Colonial Pipeline’s Charlotte Airport Delivery Facility in Charlotte, North Carolina, U.S. an undated photograph. Colonial Pipeline | via Reuters The cyberattack that forced the shutdown of the country’s largest refined fuel-products pipeline over the weekend has sparked some routing changes for American Airlines as it seeks
Virgin Galactic’s carrier aircraft releases its spacecraft Unity during a glide flight test. Virgin Galactic Virgin Galactic delivered first quarter results after the market closed on Monday, announcing that it has yet to set a target date for its next spaceflight test, which the company previously planned for this month. “Timing of next flight test
Joggers run along the Bund across from the Lujiazui Financial District in Shanghai, China, on Saturday, April 10, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — China’s once-a-decade census showed that the national population of the mainland was 1.41 billion people as of Nov. 1, 2020. The average annual growth rate was 0.53%
Marko Geber | DigitalVision | Getty Images Americans will be able to stash away more money in health savings accounts next year. Individuals with self-only coverage will be able to save up to $3,650 in an HSA in 2022, the IRS announced Monday. Those with family coverage will be able to save $7,300. More from
In this article CMG Customers order from a Chipotle restaurant at the King of Prussia Mall in King of Prussia, Pennsylvania. Mark Makela | Reuters As the labor market heats up, Chipotle Mexican Grill announced Monday it’s raising pay for restaurant workers, reaching an average of $15 an hour by the end of June. The
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