Executives, directors and members of the Koss family sold more than $44 million in stock in Koss Corp. over the past week as shares soared from the retail-investor buying frenzy. Members of the Koss family, who own about 75% of the Milwaukee-based maker of headphones, sold $31 million of stock, according to filings with the
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A Starlink user terminal installed on the roof of a building in Canada. SpaceX Boxes containing Starlink kits, with user terminals and Wi-Fi routers. Starlink Starlink is SpaceX’s ambitious project to build an interconnected internet network with thousands of satellites, known in the space industry as a constellation, designed to deliver high-speed internet to consumers anywhere on the
Tom Williams | CQ-Roll Call, Inc. | Getty Images Americans have it worse than all other developed nations when it comes to benefits for workers, according to a new ranking. The U.S. places last relative to its national policies around healthcare, unemployment, retirement, parental leave, and paid vacation and sick days, according to Zenefits, a
Communities are desperate for more affordable housing, but the cost for developers is just too high. Land, labor and materials were pricey before the coronavirus pandemic, and they are even more so now. That is why some creative developers are now turning to hotels – and it appears to be a match made in real
“Should I stay or should I go?” The Clash sang years ago. Residents of New York, Connecticut, New Jersey, Rhode Island, California and other high-tax states are now singing a similar song. The thought of moving to a lower-tax state is more prevalent than ever in light of the federal Tax Cuts and Jobs Act
Association of Flight Attendants International President Sara Nelson joins airline executives, fellow union heads and political leaders to call on Congress to pass an extension of the Payroll Support Program to save thousands of jobs, during a news conference outside the U.S. Capitol September 22, 2020 in Washington, DC. Chip Somodevilla | Getty Images Some
Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020. Luke Sharrett | Bloomberg | Getty Images Yum Brands on Thursday reported quarterly earnings and revenue that topped analyst predictions, despite international dining room closures weighing on same-store sales growth
Jakub Porzycki/NurPhoto via Getty Images GameStop’s stock is tanking again on Thursday, as the Reddit-fueled trade continues to unravel. Shares of GameStop are down more than 25% on Thursday, brining the brick-and-mortar video game retailer’s weekly losses to nearly 80%. The drop in price comes despite the rollback of trading limits from stock trading app
When Mark Cuban first started trading stocks, he learned some “expensive lessons.” That’s why he says it’s important assess your personal financial situation before trading or investing in the market, he said. “If you are buying [a stock] because you need the price to go up and solve a financial hole you are in, that
Cleveland Federal Reserve President Loretta Mester said top regulators should be looking at the GameStop trading saga and how it is impacting markets. However, she said the situation isn’t impacting how she approaches monetary policy and doesn’t see the Fed making any adjustments in reaction to the Wall Street uproar. “I don’t think it’s something
U.S. Senate Majority Leader Chuck Schumer, D-N.Y. Brandon Bell | Reuters The Senate’s top Democrat, Chuck Schumer of New York, along with Sen. Elizabeth Warren, D-Mass., and other Democratic legislators on Thursday, introduced a resolution again calling on the White House to forgive $50,000 in student debt for all borrowers by executive action. “During a
Getty Images When the state-mandated shutdowns started last March, Skyler Fort, a painting contractor in northern Michigan, turned to his local credit union, 4Front Credit Union, for a PPP loan. Many Americans sought out loans in the past year, and Fort said he chose the credit union over a bank “based on the more personal
Key Findings The EU budget agreement reached in 2020 called for a new digital levy as a funding mechanism. Evidence on the taxes paid by digital companies calls into question the arguments in favor of a digital levy. EU policymakers should focus on continued implementation of digital VAT policies and ongoing international negotiations rather than
An airport employee gestures on the tarmac as an American Airlines Airbus 220 plane is seen at gate at Washington National Airport (DCA) in Arlington, Virginia on December 18, 2020. Daniel Slim | AFP | Getty Images American Airlines on Wednesday said it will send furlough notices this week to about 13,000 employees as a
An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China. Reuters BEIJING — The recent short selling frenzy on Wall Street will not likely come to China, where there are many more market restrictions. Short selling refers to a trading strategy that allows investors to bet
Khailee Ng has a keen nose for spotting promising start-ups. As a managing partner for venture capital firm 500 Startups, he is tasked with identifying and helping cultivate some of the businesses of the future. And he has advice for would-be founders hoping to build the next big thing: Look beyond the top segment of
Rafael Henrique | LightRocket | Getty Images The past two weeks have seen an astonishing number of allegations about the motives of the main actors in the GameStop drama. The players include the WallStreetBets forum on Reddit, the Robinhood trading app, long-short hedge funds, politicians, and regulators, to name a few. However, to equate this
Capitol dome Congress Mark Makela | Getty Images News | Getty Images President Joe Biden and congressional Democrats are hoping to pass $1.9 trillion of additional pandemic relief, including extra jobless benefits. Still, many unemployed workers haven’t yet gotten benefit payments from the last stimulus package, which former President Trump signed more than a month
Key Findings Forty-four states levy a corporate income tax. Rates range from 2.5 percent in North Carolina to 11.5 percent in New Jersey. Six states—Alaska, Illinois, Iowa, Minnesota, New Jersey, and Pennsylvania—levy top marginal corporate income tax rates of 9 percent or higher. Ten states—Arizona, Colorado, Florida, Kentucky, Mississippi, Missouri, North Carolina, North Dakota, South
Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci speaks during a White House press briefing, conducted by White House Press Secretary Jen Psaki, at the James Brady Press Briefing Room of the White House January 21, 2021 in Washington, DC. Alex Wong | Getty Images There have been “no red