In this article AMC GME Rafael Henrique | LightRocket | Getty Images Just when you think the GameStop mania is a tale from the past, meme stocks came back from the dead with a double-digit rally this week as enthusiastic investors piled back into speculative assets with the market near record highs. Shares of GameStop
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In this article BA LMT GM An artist’s concept shows an outline of the lunar vehicle design. Lockheed Martin | General Motors Lockheed Martin and General Motors are partnering to develop a new type of lunar vehicle for NASA to use during its upcoming Artemis missions to the moon, the companies announced on Wednesday. “Surface
Klaus Vedfelt | Getty Images The Covid-19 pandemic was an unprecedented shock for many older workers. Even so, most do not plan to delay their retirement dates as a result, according to a report from Pew Charitable Trusts. In April 2020, the unemployment rate for workers ages 65 and up climbed to 15.6%, the highest
Treasury Secretary Janet Yellen speaks during the daily press briefing on May 7, 2021, in the Brady Briefing Room of the White House in Washington, DC. Saul Loeb | AFP | Getty Images Treasury Secretary Janet Yellen is under fire from Democrats and Republicans alike for skipping an appearance before the House Small Business Committee
Cryptocurrencies haven’t quite delivered on their revolutionary promises. But they are messing with the stock market. This article is part of the Debatable newsletter. You can sign up here to receive it on Tuesdays and Thursdays. Cryptocurrencies have been around for 12 years now, and for much of that time, they were a fairly easy
Last Friday, Oklahoma Governor Kevin Stitt (R) signed House Bills 2960, 2962, and 2963 into law as part of a budget agreement, bringing the legislature’s tax plans across the finish line. These bills will reduce the state’s corporate and individual income tax rates beginning in tax year 2022. House Bill 2960 reduces the corporate income
Ariel Skelley | DigitalVision | Getty Images Many older Americans worry about outliving their savings, and those fears have been magnified by recent spikes in inflation, eating away at retirees’ nest eggs. The consumer price index increased by 0.8% in April from March and surged 4.2% from the previous year, the biggest jump since September
Zoom In IconArrows pointing outwards SINGAPORE — Malaysia’s daily Covid-19 cases are climbing rapidly and have surpassed India’s on one critical measure, according to statistics site Our World in Data. India has been experiencing a devastating second wave since April and has the world’s second largest Covid caseload. The country’s daily case count, while trending
In this article ZS A URBN JWN 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 Check out the companies making headlines after the bell: Nordstrom — The retail stock dropped roughly 7% in
With two major cultural events held last weekend, the international arts scene signaled it has no intention of letting yet another year get canceled by Covid. Art Basel Hong Kong, which took place from May 19-23, marked the return of one of the world’s most venerated art fairs. The show came on the heels
NASA astronaut Peggy Whitson working onboard the International Space Station in August 2017. Jack Fischer / NASA Axiom Space on Tuesday announced that retired NASA astronaut Peggy Whitson and auto racer John Shoffner will lead the company’s second private spaceflight to the International Space Station, tentatively scheduled for the second half of 2022. The pair
FatCamera | E+ | Getty Images Working families who struggle to pay for child care may get some relief from 2021 changes to flexible spending accounts. The American Rescue Plan, President Joe Biden‘s $1.9 trillion stimulus package, boosted child-care assistance through temporary changes to dependent-care FSAs. The law increased 2021 dependent-care FSA limits to $10,500
In this article GOOGL San Jose city officials on Tuesday night officially approved a plan for Google to build a massive campus in the heart of California’s third-largest city. For its “Downtown West” project, Google will develop 80 acres of land in downtown San Jose, including 7.3 million square feet of office space for 20,000
Investors should take advantage of market pullbacks in the near-term, CNBC’s Jim Cramer said Tuesday, suggesting there’s a range of positive catalysts that will propel stocks higher. “The stock market runs on cycles. When you have this many running at once, the averages tend to be pretty darn resilient,” the “Mad Money” host said, shortly
In this article JWN 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 reported Tuesday better-than-expected first-quarter sales, as shoppers showed up to its stores again to buy new shoes, sunglasses and swimwear
The New York Stock Exchange welcomes Lightning eMotors (NYSE: ZEV), on May 24, 2021, in celebration of its transition to a public company. NYSE Stock futures ticked marginally higher in overnight trading after the market rally stalled Tuesday, with major indexes ending the regular session slightly lower. Futures on the Dow Jones Industrial Average rose
Stock market krisanapong detraphiphat | Moment | Getty Images Do you believe you are, or can be, a successful day trader, buying and selling stocks on a regular basis? Do you believe that you, or anyone you know, can successfully time the market, going in and out of the market, and consistently make profits?
Kim Churches Courtesy of American Association of University Women It’s a statistic that prompts a double-take: Women owe two-thirds of the country’s $1.7 trillion outstanding student loan balance. On average, women borrow more than $31,000 to finance their education. Black women take out more than $41,000. Men, meanwhile, borrow around $29,000. But those differences are
With Covid encouraging city dwellers to move to the suburbs and families looking for home offices and bigger yards, prices for the American dream home have skyrocketed. Home prices surged in March, up 13.2% from the year prior, according to the S&P CoreLogic Case-Shiller National Home Price Index. “Everybody expected housing to really sort of
[The stream is slated to start at 10:00 a.m. ET. Please refresh the page if you do not see a player above at that time.] Officials from the National Institutes of Health testify before Congress Tuesday on the agency’s annual budget as the nation battles the Covid-19 pandemic. Witnesses include White House chief medical advisor
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