In this article GME AMC BB-CA Mario Tama | Getty Images AMC Entertainment‘s stock continued its wild ride on Wednesday, with the price per share rising more than 100% and prompting a halt to its trading several times. AMC is one of several so-called meme stocks that have seen a surge in interest from individual
Month: June 2021
Maryland Gov. Larry Hogan Chip Somodevilla | Getty Images News | Getty Images Around 3.7 million Americans will be affected by states’ early withdrawal from federal unemployment programs, according to a CNBC analysis of Labor Department data. In the past month, 25 states have announced plans to end pandemic-era benefits ahead of their formal expiration
Although most states are on solid financial footing following the coronavirus crisis, pension liabilities are a deep-seated problem that long predates the pandemic. The most recent data from Truth in Accounting (which analyzes government accounting data from every state) shows the strain on state retirement systems in 2019 as pension funds strive to keep pace with the
Maskot | Maskot | Getty Images President Joe Biden laid out a plan this week to narrow the racial wealth gap in the U.S. Many were disappointed not to see any mention of student loan forgiveness in that agenda. The president’s initiatives, announced 100 years after the Tulsa Race Massacre, will include tackling racial discrimination
Guild Education’s Headquarters in Denver, Colorado Guild Education Guild Education has raised a $150 million Series E funding round, bringing the company’s valuation to $3.75 billion — more than triple its previous valuation of $1 billion. The Denver-based edtech company, ranked No. 49 on this year’s CNBC Disruptor 50 list, helps companies including Disney, Chipotle, Walmart, Taco
In this article ZM Zoom Video Communications Inc. founder and CEO Eric Yuan at the company’s IPO at Nasdaq MarketSite in New York, April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Zoom reported better-than-expected results on Tuesday, with sales growth of 191%. But the shares fell as much as 5% in extended
Less than two months after Coinbase’s stock market debut, rival crypto exchange Kraken is bringing its mobile app to the U.S. as retail investors flock to digital currencies. Starting Wednesday, the new Kraken App will allow many users across the U.S. to securely buy and sell more than 50 crypto tokens from their mobile phones.
US President Joe Biden speaks about the progress in the fight against Covid-19, at the Sportrock Climbing Centers in Alexandria, Virginia on May 28, 2021. Mandel Ngan | AFP | Getty Images President Joe Biden released his proposed 2022 fiscal year budget on Friday, which calls for an increase of the top capital gains tax
A real estate agent with an ‘Open House’ sign in the front yard of a home for sale. Ty Wright | Bloomberg | Getty Images High prices and low supply are finally taking some of the heat out of the housing market. Even with interest rates falling slightly, mortgage application volume fell 4% last week
Crowds of people are seen shopping during a weekly market at Kandivali. SOPA Images | LightRocket | Getty Images India is expected to see double-digit expansion in the three months ending in June — but economists warn that the data won’t be painting the full picture of the country’s growth trajectory. South Asia’s largest economy
The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters BEIJING — China’s Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen spoke Wednesday for the first time since President Joe
In this article KODK Workers at the KODAK billboard at Times Square, March 2004. Avalon | Hulton Archive | Getty Images The New York Attorney General on Tuesday asked a court to force Kodak’s CEO to publicly testify amid an investigation over allegations of insider trading. The petition, filed with the New York County State
martin-dm | E+ | Getty Images As the world opens following Covid restrictions, people are also reopening their wallets. For many, it’s exciting to be getting back to some sense of normal. It could also wreak havoc on personal finances, especially if people aren’t careful. “It’s critically important to revisit your budget and how you
People wearing protective face masks wait to receive a dose of COVISHIELD, a coronavirus disease (COVID-19) vaccine manufactured by Serum Institute of India, at a vaccination centre in New Delhi, India, May 4, 2021. Adnan Abidi | Reuters World economic leaders called on the world’s wealthier nations to provide $50 billion in funding to accelerate
In this article CLDR MRO UAL BA AAL UNH COWN A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma. Nick Oxford | Reuters Check out the companies making headlines in midday trading. Devon Energy and Marathon Oil — Shares of Devon Energy and Marathon Oil jumped more
Tasos Katopodis | Bloomberg | Getty Images President Joe Biden wants to raise the top income-tax rate for wealthy households to 39.6%, from the current 37%, to help finance his legislative agenda. That top rate would apply to single individuals with taxable income over $452,700 and married couples filing a joint tax return with income
Thomas M. Barwick | Getty Images As investors become more interested in cryptocurrencies, financial advisors are feeling a new urgency to offer the investments to clients. About 49% of advisors said clients have asked about cryptocurrencies in the past six months, up from 17% in 2020, according to the Financial Planning Association and the Journal
Of the many tax policies modeled in our new Options for Reforming America’s Tax Code 2.0, repealing the tariffs imposed under President Trump’s administration would be one of the simplest ways policymakers could boost economic growth. Starting in 2018, the U.S. imposed tariffs on a variety of goods, including aluminum, solar panels, steel, and washers
In this article NIO XPEV A Xpeng P7 electric car is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 20, 2020 in Guangzhou, Guangdong Province of China. VCG | Visual China Group | Getty Images GUANGZHOU, China — Chinese electric car company Nio saw deliveries
In this article ETH= BTC.BS=-USS TIGR FUTU In this photo illustration a Bitcoin logo seen displayed on a smartphone with stock market percentages in the background. Omar Marques | SOPA Images | LightRocket | Getty Images BEIJING — Two of China’s rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to