This illustration shows a woman wearing two facemasks, a cloth mask over a surgical mask, in Arlington, Virginia, on February 8, 2021. Olivier Douliery | AFP | Getty Images Wearing a cloth mask over a surgical mask can help significantly reduce the risk of exposure to Covid-19, according to a new study from the Centers
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Chuck Robbins, chief executive officer of Cisco Technologies Inc., speaks during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 17, 2017. World leaders, influential executives, bankers and policy makers attend the 47th annual meeting of the World Economic Forum in Davos from Jan. 17 – 20. Jason Alden
A popular spot targeted by retail investors may deliver the year’s biggest gains. Wells Fargo Securities’ Chris Harvey said he believes the affinity for small caps has merit because growth stocks have gotten so expensive. “Retail is very influential,” the firm’s head of equity strategy told CNBC’s “Trading Nation“ on Wednesday. “They’re becoming a bigger part
Whitney Wolfe Herd speaks onstage during the Fortune Most Powerful Women Next Gen conference at Monarch Beach Resort on November 13, 2017 in Dana Point, California. Joe Scarnici | Getty Images Entertainment When 31-year-old Bumble CEO Whitney Wolfe Herd takes her company public this week, she will be noted not only for her youth but
Getting America’s workforce vaccinated will go a long way toward helping the country reach herd immunity. Instacart, Target, Trader Joe’s, McDonald’s and Dollar General are among a growing list of companies giving workers time off and extra money to get vaccinated for Covid-19. Others, including Amazon, Uber and DoorDash, are going a step further by lobbying state officials to secure
The cost of lumber is going through the roof, and that is hitting the housing industry on all fronts. For homebuilders, renovation contractors and DIYers, the costs of projects is now far higher than it was just a year ago and about to cross into historic territory. Softwood lumber prices are now about 112% higher
Sources of state revenue have come under closer scrutiny in light of the impact of the coronavirus outbreak, as different tax types have differing volatility and economic impact—although even beyond these unique circumstances, it is important for policymakers to understand the trade-offs associated with different sources of tax revenue. This week’s map looks at what percentage of each
Walmart‘s hopes of owning a stake of TikTok may be dashed, but don’t expect the company’s interest in the viral video app to fade away. The company’s plan to buy the social media app’s U.S. operations with Oracle has been indefinitely shelved as the Biden administration reviews security concerns with Chinese tech companies, according to
Products are displayed in an Under Armour store in New York City, November 4, 2019. Brendan McDermid | Reuters Under Armour on Wednesday reported a surprise profit for the holiday quarter, with sales boosted by strong digital growth and expenses kept in check. The retailer has been one key beneficiary during the Covid pandemic, along
Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters Federal Reserve Chairman Jerome Powell painted a dour picture on the state of U.S. employment and said Wednesday that continued aggressive policy support
Although investor Kevin O’Leary says bitcoin is a “giant nothing-burger” and has compared it to gambling, he owns some, along with a few other cryptocurrencies. “I have a crypto wallet,” says O’Leary, which he created on Coinbase in 2017. At the time, “I was lecturing at Harvard Business School, and the students challenged me to
A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Brokerage firm Charles Schwab said Wednesday it is laying off about 200 employees from the combined Schwab-TD Ameritrade company. This is the most recent round of layoffs, following a purge of 1,000
Getty Images Many Americans are eager to see more money from the federal government in the form of $1,400 stimulus checks. But another part of Democrats’ $1.9 trillion coronavirus relief package, changes to the child tax credit, could actually give qualifying families more money than the direct payments. “The child tax credit is going to
Sen. Bernie Sanders, I-Vt., speaks during an event to introduce the Raise The Wage Act at the U.S. Capitol on Jan. 16, 2019. Chip Somodevilla | Getty Images One third of small business owners say they’ll likely lay off workers if Congress raises the federal minimum wage to $15 an hour, according to the latest
Google has submitted its preliminary proposal for its North Bayshore campus in Mountain View. Source: SITELAB urban studio Google released preliminary plans late last week for its future campus in northern Mountain View, CA, which emphasizes several thousand new homes and space for local shops amid pandemic recovery. For the project, Google and development partner
A delivery truck driver unloads Coca-Cola Co. soft drinks in Lawrenceburg, Kentucky, U.S., on Monday, Feb. 10, 2020. Luke Sharrett | Bloomberg | Getty Images Coca-Cola is expected to announce its fourth-quarter earnings before the bell Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 42 cents expected Revenue: $8.63
GM CEO and chairman Mary Barra speaks during an “EV Day” on March 4, 2020 at the company’s tech and design campus in Warren, Mich., a suburb of Detroit GM General Motors is set to report its fourth-quarter earnings before the bell on Wednesday. Here’s what Wall Street is expecting, based on average analysts’ estimates
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 47 cents per share, 5 cents a share above estimates. The beverage giant’s revenue essentially came in line with Wall Street forecasts. The company saw a year-over-year decline in revenue, income and case volume, but
Instability in financial markets and personal finances over the course of 2020 may have significantly altered our relationship with money, according to new research, which suggests people have more faith in robots than humans to manage their cash. Over three-quarters (76%) of consumers in Asia-Pacific said they would now trust a robot more than a
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 once again widened the scope of the public beta test of its Starlink satellite internet service, with Elon Musk’s company on Monday beginning to accept preorders from potential customers. Prospective