Month: October 2020

Democratic presidential candidate Joe Biden speaks during a campaign event in Fort Lauderdale, … [+] Florida on October 13, 2020. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) AFP via Getty Images Democratic presidential candidate Joe Biden’s current campaign plan would raise taxes by $2.4 trillion over the next decade,
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5, IIchester Place, a 7-bedroom house in Kensington, west London, is on sale for $42 million via … [+] Knight Frank AlexWinship Photography Ltd London’s priciest homes are in demand and are selling for nearly their full price despite the pandemic. In London, a total of 56 deals for super-prime $12.9 million-plus properties took place
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World Health Organization (WHO) Chief scientist Soumya Swaminathan on January 12, 2020 in Geneva. FABRICE COFFRINI | AFP via Getty Images Healthy young people might not get the coronavirus vaccine until 2022 as public health officials focus on immunizing the elderly and other vulnerable groups first, top officials from the World Health Organization said Wednesday.
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Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America is scheduled to report third-quarter earnings before the opening bell Monday. The firm generated $20.45 billion in revenue, missing the $20.8 billion estimate of analysts surveyed by Refinitv. Here’s what Wall Street expected: Earnings: 49 cents a share, 12% lower than the
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David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $5.57 per share, 16% higher than a year earlier, according to Refinitiv. Revenue: $9.46 billion,
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Getty Images Amazon held its first-ever e-commerce holiday — Prime Day — in July 2015. Over the past five years, the annual online shopping event has become a symbol of how e-commerce is transforming customers’ habits, driving sales and reshaping the entire retail industry. Even before the e-commerce giant dreamed up the event, it was
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A United Airlines airplane takes off at San Francisco International Airport. Gary Hershorn | Corbis News | Getty Images United Airlines on Wednesday posted a wider-than-expected third quarter loss as the coronavirus pandemic continued to hammer air travel demand, but the carrier trimmed its cash burn. Here’s how United performed compared with what Wall Street
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Economic forecaster Lakshman Achuthan sees evidence inflation is making a comeback. “It’s made a very clear cyclical upturn,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Wednesday. He shows the trend in a special chart of his U.S. future inflation gauge, a proprietary leading indicator, and core CPI. According to Achuthan, the
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PEMBROKE PINES, FLORIDA – OCTOBER 13: Wearing a face mask to reduce the risk posed by the … [+] coronavirus, Democratic presidential nominee Joe Biden delivers remarks about his ‘vision for older Americans’ at Southwest Focal Point Community Center October 13, 2020 in Pembroke Pines, Florida. With three weeks until Election Day, Biden is campaigning
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On the latest episode of Willis Weighs In, Benjamin Willis, contributing editor for Tax Notes Federal, and Victor Fleischer, professor at University of California, Irvine School of Law and former Senate Finance Committee Democratic chief tax counsel, discuss possible post-election tax reform. Here are a few highlights . . . On changing the corporate tax rate Victor
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Bitcoin and the technology underlying it, are no longer just the realm of technology nerds, traders and idealists. Blockchain and cryptocurrencies are being embraced by hundreds of big institutions and corporations.  So far this year, payments giant Square has invested $50 million in bitcoin, and at least 20 institutional investors have so far filed documents
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