A “For Sale” sign outside a house in West Palm Beach, Florida, April 7, 2021. Marco Bello | Bloomberg | Getty Images Home price gains continue to outpace expectations, as tight supply and strong demand lead to bidding wars. Nationally, prices in February rose 12% year over year, up from 11.2% in January, according to
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Many runners were seen not wearing masks as they went on their runs along the Esplanade, the Mass. Ave. Bridge and Memorial Drive in Cambridge. John Tlumacki | Boston Globe | Getty Images The Centers for Disease Control and Prevention revised its public health guidance Tuesday, saying fully vaccinated people can exercise and attend small
In this article CROX Crocs store in New York City. Michael Brochstein | SOPA Images | LightRocket | Getty Images Crocs shares shot up more than 8% Tuesday after the shoe maker increased its revenue outlook for the full year and reported record first-quarter sales. CEO Andrew Rees said demand for the Crocs brand is
In this article UBSG-CH CROX TSLA Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tesla — Shares of the electric vehicle company slipped nearly 2%, despite headline beats on earnings and revenue for Tesla’s first quarter. The company’s net profit was boosted by regulatory credits and
BET founder Robert Johnson told CNBC on Tuesday he hopes corporate America will support efforts that boost Black Americans’ access to capital with the same vigor as many companies recently did around voting access. Johnson’s comments on “Squawk Box” came one day after the entrepreneur went public with a proposal that would give preferential tax
CNBC’s Jim Cramer on Tuesday expressed some disappointment in Tesla‘s first-quarter earnings report and subsequent conference call. “I have to be somewhat critical. This was not the blowout quarter,” Cramer said on “Squawk on the Street,” describing the numbers released Monday by the electric vehicle maker as “very good” relative to certain industry peers. He
Al Drago | Getty Images President Joe Biden is expected to pitch a higher capital gains tax this week to raise funds for his economic agenda. But the policy would lose the U.S. billions in revenue if it doesn’t also scrap a tax break for heirs, according to a new analysis. Eliminating that tax break
A sold sign in front of a new home being built on April 16, 2021 in Miami, Florida. Joe Raedle | Getty Images A strange and exciting anomaly surfaced in March housing data. The median price of a newly built home was slightly lower than the median price of an existing home sold that month. That
In this article 7205.T-JP The Hino Motors logo is displayed at the 43rd Tokyo Motor Show 2013 in Tokyo, Japan. Tomohiro Ohsumi | Bloomberg | Getty Images Hino Motors, a subsidiary of Toyota Motor, is teaming up with an Israeli electric vehicle start-up to develop electric trucks, buses and commercial vehicles. REE Automotive, which is
In this article TSLA CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters Tesla is slated to report first-quarter earnings after the bell on Monday. Here’s what analysts are expecting, according to estimates compiled by Refinitiv: Earnings: 79
Pedestrians wearing protective masks walk past a logo displayed at a HSBC bank branch in the central district of Hong Kong. Roy Liu| Bloomberg | Getty Images HSBC, Europe’s largest lender by assets, reported first-quarter pre-tax profits that beat estimates but reported revenue was down. The London-headquartered bank, which makes most of its revenue in
Being named to UNESCO’s World Heritage List often brings worldwide acclaim, tourist revenue and access to international funding and expertise. But there are strings attached. World Heritage sites are, in principle, inscribed “forever,” said Mechtild Rossler, director of the UNESCO World Heritage Centre, but countries have to do their part to protect and counteract
Jeff Bezos and Elon Musk Getty Images Jeff Bezos‘ Blue Origin filed a protest with the Government Accountability Office against NASA on Monday, challenging the space agency’s award of a nearly $3 billion moon lander contract to Elon Musk’s SpaceX earlier this month. SpaceX, in a competition against Blue Origin and Leidos‘ subsidiary Dynetics, was
In this article IRSA3-AR Audrey Saracco / EyeEm If you’re still waiting on your $1,400 stimulus check, it could be in the mail. The government announced last week it had sent a sixth batch of stimulus checks. This time, that included more paper checks than direct deposit payments. Of the 2 million checks that were
A new Singapore-inspired tax law will reduce corporate income tax and boost foreign investment in the Philippines, finance secretary Carlos Dominguez told CNBC, as the country moves to speed up its economic recovery. The Philippines’ so-called corporate recovery and tax incentives for enterprises (CREATE) act, which was signed into law last month, aims to provide
In this article RCL The Mariner of the Seas cruise ship, operated by Royal Caribbean Cruises Ltd. and host to the Coinsbank Blockchain Cruise Asia, sits off Paradise Beach in Phuket, Thailand, on Wednesday, Jan. 17, 2018. When 600 cryptocurrency enthusiasts set sail from Singapore on Monday night for their second annual Blockchain Cruise, the
Employees bring a television to Steve Steward’s car at a Best Buy store on Black Friday, traditionally one of the busiest shopping days of the year. Crowds are smaller this year due to the increasing popularity of on-line shopping amid concerns about the COVID-19 pandemic. Paul Hennessy | SOPA Images | LightRocket | Getty Images
A woman looks at a Basquiat painting titled “In This Case” that is coming up for auction at Christies, with an estimate of over $50 million. Source: Christie’s In a sign that the art market is flush with cash, a rare painting by Jean-Michel Basquiat is being auctioned off by Christie’s with an estimate of
President Joe Biden and First lady Jill Biden walk on the Ellipse near the White House on April 25, 2021. Tasos Katopodis | Getty Images News | Getty Images Roughly 75% of U.S. stock investors wouldn’t be subject to an increase in the capital-gains tax rate due to the types of accounts they own, according
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