Image Source | DigitalVision | Getty Images As Washington lawmakers work to come to an agreement on a new coronavirus relief package, one key question has emerged: Will the next stimulus checks be $1,400? President Joe Biden sought to end that debate in a press conference on Friday by re-affirming his commitment to $1,400. “I’m
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Edwin Sanchez, Echez CEO and member of the Latino Business Action Network meets with team members remotely. SLEI Despite being the fastest-growing segment of the U.S. small business ecosystem, Latinos continue to struggle to secure capital from national banks. That’s according to the State of Latino Entrepreneurship 2020 research study from the Stanford Latino Entrepreneurship Initiative. “Over
Sen. Mitt Romney (R-UT) this week proposed the Family Security Act, which features a new, more generous child allowance for families with children while reforming other sources of aid for low-income individuals. Romney’s plan would replace the existing Child Tax Credit (CTC), which is subject to a minimum income requirement and other limitations, with a
Director Woody Allen starts filming a new movie in San Sebastián on July 09, 2019. Europa Press News | Getty Images The story of Woody Allen’s notorious relationship with Mia Farrow and their family is set to be explored in a four-part documentary on HBO. Directed by Kirby Dick and Amy Ziering, Oscar-nominated documentarians, the
Evan Spiegel, CEO of SNAP Inc. Stephen Desaulniers | CNBC Snap’s stock fell more than 5% in after-hours trading on Thursday after the company reported its fourth-quarter earnings despite beating Wall Street’s expectations on earnings, revenue and user growth. But the company provided a first-quarter adjusted EBITDA forecast that was much lower than analysts’ consensus
Cars line up to pick up food boxes at the Athens County Fairgrounds in Athens, Ohio on Dec. 19, 2020. BRAD LEE | AFP | Getty Images Long-term unemployment is edging toward a historical peak, almost a year into the pandemic-fueled downturn. Workers are deemed to be “long-term unemployed” when their jobless spell is longer
Though billionaire investor Mark Cuban has warned people to be cautious with cryptocurrency, he recently said digital assets — from digital goods to cryptocurrencies like bitcoin — will be the future of business. And Cuban has invested in cryptocurrency himself, both in business and personally. In fact, Cuban has an extensive cryptocurrency wallet, which he shared on
The logo of trading app Robinhood is displayed on a smartphone. Olivier Douliery | AFP via Getty Images A U.S. consumer watchdog saw a surge in complaints regarding Robinhood last week, with some clients claiming they were unable to liquidate holdings and move to other brokerage firms. The Federal Trade Commission received more than 100
kate_sept2004 President Joe Biden wants to get more money to certain American families by expanding the child tax credit for one year. For those who are eligible, that would mean extra cash could come their way via a refund check. Now Democrats are planning to propose a bill next week to enact a long-term change
Vice President Kamala Harris watches as President Joe Biden signs executive orders after speaking on racial equity in the State Dining Room of the White House in Washington, DC on January 26, 2021. Mandel Ngan | AFP | Getty Images Just over two weeks into his administration, President Joe Biden has already made it clear
State tax revenues held steady in 2020, coming in less than one-tenth of 1 percent lower than in 2019, according to the latest JPMorgan research (which is consistent with earlier data), and combined state and local revenues have likely risen year-over-year. This is a curious backdrop to the current federal debate, in which Congress is
Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. Ezra Shaw | Getty Images Peloton‘s CEO is promising anxious customers who are still waiting on their cycles and treadmills that the company is working fast to offer clearer answers on when those might arrive. “We are
Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images Peloton on Thursday reported quarterly sales growth of 128%, marking its first billion-dollar quarter, as the momentum keeps climbing for the at-home fitness equipment
Chamath Palihapitiya Olivia Michael | CNBC Chamath Palihapitiya-backed Clover Health Investments said Friday it received a notice of investigation from the Securities and Exchange Commission and that it intends to cooperate. Clover, however, pushed back against a critical report from short-selling specialist Hindenburg Research, saying some claims in the report were “completely untrue.” On Thursday,
A pedestrian and cyclist wear facemasks outside a branch of department store chain Nordstrom in Santa Monica, California on May 11, 2020. Frederic J. Brown | AFP | Getty Images Nordstrom said Thursday it expects revenue to rise more than 25% in fiscal 2021 from the prior year, with roughly half of its sales coming
A sign hangs in front of an AMC theater on January 27, 2021 in Chicago, Illinois. Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted stocks. Scott Olson | Getty Images Besides GameStop, other popular short squeeze targets among the Reddit crowd were taking big hits on
THOUSAND OAKS, CA – AUGUST 18: Offensive tackle Andrew Whitworth #77 of the Los Angeles Rams enters the field for training camp on August 18, 2020. Jayne Kamin-Oncea | Getty Images Sport | Getty Images Long before Andrew Whitworth made it to the National Football League, he knew he wanted to help others. When he
Artur Widak | NurPhoto | Getty Images Johnson & Johnson applied for an emergency use authorization from the Food and Drug Administration for its coronavirus vaccine after releasing data last week showing it was about 66% effective in protecting against the virus. If J&J’s application is approved, it would be the third Covid-19 vaccine authorized
A passing car carrier is reflected in the grille of a 2017 Ford Motor Co. F-150 pickup truck on display at the Sutton Ford Lincoln car dealership in Matteson, Illinois. Daniel Acker | Bloomberg | Getty Images DETROIT – Ford Motor is expected Thursday to report a loss for the fourth quarter due to the
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were flat in overnight trading on Thursday, following a four-day winning streak on Wall Street as investors awaited a closely-watched January jobs report. Futures on the Dow Jones Industrial Average rose just 20 points. S&P 500 futures were flat and Nasdaq