A driver for an independent contractor wears a protective mask while operating a delivery truck to delivery N95 respirator masks outside a United Parcel Service Inc. (UPS) Ground sorting facility in Louisville, Kentucky, U.S., on Monday, April 13, 2020. Luke Sharrett | Bloomberg | Getty Images Shares of UPS jumped by about 4% in premarket
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The economic report to watch this week may disappoint Wall Street. According to MKM Partners’ Michael Darda, the January jobs report out Friday will likely show the labor market needs more time to recover from coronavirus case spikes and closures. “We have a slight chance of a beat, but it’s uncertain,” the firm’s chief economist
The chefs of Melbourne are a proud bunch — and they create dishes that travelers won’t find anywhere else in the world. They understand food, make the most of the seasonal produce and like to create an experience as much as fine flavors. From breakfast through closing time, here are five dishes that define the
A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston’s Dorchester on Feb. 1, 2021. Jessica Rinaldi | Boston Globe | Getty Images As Washington squabbles over stimulus, the bond market is already counting on lots of fiscal spending and an economic bounce back. In an extreme case, inflation
People gather together to ask the McDonald’s corporation to raise workers wages to a $15 minimum wage as well as demanding the right to a union on May 23, 2019 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Millions of workers in the U.S. could be in for a pay raise as Democrats move
Filing your taxes may look a little different this year. But if you’re worried the extra boost in funds you received as stimulus payments will negatively impact your tax refund, rest assured that is not the case. That’s because the stimulus payments are not considered taxable income; they are advances on a tax credit created
Anya Taylor-Joy in The Queen’s Gambit Source: Netflix While “Queen’s Gambit,” “The Crown” “Schitt’s Creek” and “Ted Lasso” will face off at the Golden Globes ceremony on Feb. 28, there are quite a few films and actors that didn’t make Wednesday’s nomination list. Then, there were the actors, TV shows and films no one had
Pfizer’s Global Supply facility in Kalamazoo, Michigan, on December 11, 2020. Jeff Kowalsky | AFP | Getty Images Pfizer said Tuesday it expects to sell about $15 billion in coronavirus vaccine doses this year. The company’s Covid-19 vaccine, which it’s making with German partner BioNTech, was the first approved for emergency use in the U.S.
Vlad Tenev, co-founder and co-CEO of investing app Robinhood. Brendan McDermid | Reuters Robinhood’s ability to add hundreds of thousands of new customers during a week of chaos, along with its IPO prospects, convinced Silicon Valley backers that a multi-billion-dollar cash infusion was worth it. CNBC spoke to three of Robinhood’s investors, who agreed to
Jeff Bezos announced on Tuesday that he will step down as Amazon CEO later this year and transition to executive chair of the company’s board – his successor will be Andy Jassy, who has built Amazon Web Services, or AWS, into a multibillion-dollar business. Although he has not had the spotlight like Bezos, Jassy has
Stash co-founders, Brandon Krieg and Ed Robinson. Source: Stash Stock-trading app Stash plans to announce a $125 million venture investment to help fuel customer growth. But it’s not looking to attract the type of trader who might bet on GameStop. The New York-based company will announce a Series G funding round Wednesday, led by Eldridge
DEA / M. BORCHI | De Agostini | Getty Images Unemployment benefits aren’t reaching most jobless Americans — suggesting that lawmakers who wish to target aid to the unemployed would likely need to use stimulus checks or other relief measures. At most, 30% of jobless individuals are currently being reached by the unemployment system, according
A house for sale on December 17, 2020 in Scituate, Massachusetts. Matt Stone | MediaNews Group | Getty Images Mortgage rates fell for the first time in nearly a month, and that lit a fire under current borrowers who may have thought they missed the boat on refinancing their loans. Applications to refinance jumped 11%
The Internal Revenue Service has released a draft version of the Form 1040 for tax year 2020 with several significant changes probably in store for next tax season. They include moving the question about virtual currency from the attached Schedule 1 to near the top of the main form, right under the name and address,
A man waits for pharmacist Joe Borge in Danvers, MA on Feb. 1, 2021. On the first day of Phase 2 of the COVID-19 rollout, seniors, 75 and over, get vaccinated in the Walgreens Pharmacy, at 107 High Street, in Danvers. Pat Greenhouse | Boston Globe | Getty Images The U.S. will increase its weekly
Alphabet CFO Ruth Porat FABRICE COFFRINI | AFP | Getty Images Alphabet, the parent company of Google, will report fourth quarter earnings after the bell on Tuesday. Investors will be looking for strong advertising growth after a blowout quarter in Q3, where chief financial officer Ruth Porat said user behavior to various Google properties were
Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Brendan McDermid | Reuters Alibaba will be taking advantage of the low interest rate environment in the U.S. right now by issuing the bonds. The company said the proceeds will be used for general corporate purposes,
Rachmat Kaimuddin was not even 100 days into his new role as CEO of Indonesian e-commerce marketplace Bukalapak when the pandemic hit. It marked a crossroad for one of the country’s leading start-ups, which had to act fast to support millions of family-owned street stalls for whom it provides digital services. But it was a
[This livestream is scheduled to begin momentarily. Please refresh the page if you do not see the player above.] SpaceX is preparing to launch the latest prototype of its next-generation Starship rocket on Tuesday, in the second high-altitude flight test of the system. Starship prototype Serial Number 9, or SN9, will fly as high as
SolStock | E+ | Getty Images When Tim Maurer’s two teenagers burst into his home office last week, excitedly talking about how a bunch of kids had taken on Wall Street, the Charleston, South Carolina, certified financial planner knew it presented a great opportunity to teach his boys about investing. Lecturing doesn’t usually work, Maurer