The chiefs of Robinhood, Reddit, Citadel and Melvin Capital, are headed to Washington for Thursday’s highly anticipated GameStop hearing at the U.S. Congress. Lawmakers will get their chance to grill the CEOs, as well as the Reddit trading star known as Roaring Kitty, about last month’s GameStop trading turmoil. Robinhood CEO Vlad Tenev, Melvin Capital
Month: February 2021
President Joe Biden participates in a CNN town hall in Milwaukee on Feb. 16, 2021. Leah Millis | Reuters President Joe Biden has essentially ruled out canceling $50,000 in student debt per person —disappointing some student borrowers who were counting on that help. “I didn’t have my hopes up,” said Joshira Maduro, 30. The research
A piece of playground equipment stands in a park play in the Setagaya district of Tokyo, Japan, on … [+] Sunday, June 26, 2016. Packed trains, overcrowded schools and the country’s longest waiting lists for preschool care are the norm in Setagaya, the most populous of Tokyo’s 23 wards, as the Japanese continue their drift
With a Bang: The beginning of the end of Trump Plaza in Atlantic City.Will Yakowicz A few minutes after 9 a.m. on a bitterly cold Tuesday morning on the Boardwalk in Atlantic City, New Jersey, a horn sounded, and a flock of seagulls perched on the former Trump Plaza Hotel and Casino flew away in
Getty getty Most owners of second homes leave a lot of money on the table, especially when it’s time to sell the house or pass it on to the next generation of owners. There are three basic choices for transferring ownership of the second home, but the details of each option are flexible. Most vacation
A worker trims cannabis Uriel Sinai | Getty Images LONDON — British American Tobacco is looking at selling cannabis products as it seeks to find new sources of revenue beyond cigarettes and vaping. Kingsley Wheaton, the company’s chief marketing officer, told CNBC’s “Squawk Box Europe” on Wednesday that CBD, or cannabidiol, is one of the
A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters Check out the companies making headlines in midday trading. Wells Fargo — The bank stock jumped more than 5% after Bloomberg News reported that Fed officials had signaled to Wells Fargo that they would approve its
Many retail stocks are struggling, but RH is thriving. Shares of the upscale home goods store have more than doubled over the past year. CEO Gary Friedman has said the company is benefitting from the droves of homebound shoppers who are looking around their dwellings all day long and finding plenty of opportunities for sprucing
Kevin O’Leary, co-founder of O’Shares ETFs, told CNBC on Wednesday he’s started to day trade alongside users of Reddit’s WallStreetBets forum in hopes of better understanding the online community that played a key role in the recent GameStop short squeeze. In an interview on “Squawk Box,” O’Leary said he put $10,000 into an account with
Shaquille O’Neal speaks in New York during the Sports Illustrated Sportsperson Of The Year 2019. O’Neal is serving as a strategic adviser for a $250 million SPAC. Bennett Raglin | Getty Images Entertainment | Getty Images Wall Street has a new investment darling. And while financiers stand to reap big profits, there are reasons for
A worker puts pepperoni on a pizza inside a Domino’s Pizza franchise in New York. Daniel Acker | Bloomberg | Getty Images After a year marked by business closures, disruptions and unprecedented challenges, the franchising industry is poised to bounce back to pre-pandemic levels by year’s end if Covid-19 is controlled, according to an upcoming
Alarm clock and colour papers on the white background. Tax Time. getty Phyllis Jo Kubey, a solo practitioner based in New York City, and Ryan L. Losi, executive vice president at PIASCIK, discuss the 2021 tax season and the unique challenges posed by the COVID-19 pandemic. Read the podcast episode’s transcript below. The post has been
There’s long-term potential for hospitality investors right now, but investors need to prepare to … [+] weather the short term. Ariel Property Advisors It’s no secret that in the age of social distancing and travel bans, the hospitality industry is hurting, but real estate industry professionals are seeing long-term potential, especially in New York City.
Estate planning handwriting sign on the sheet. getty If you have been thinking about making large gifts to take advantage of the current $11,700,000 lifetime federal estate tax exemption, you have probably been contemplating a spousal lifetime access trust, commonly known as a SLAT. A SLAT is an irrevocable trust that you create for the
A Black franchisee is alleging that McDonald’s racially discriminated against him by pigeonholing him into operating low-volume restaurants in Black neighborhoods and forcing him to downsize his store base years later after grading his locations unfairly. Herbert Washington, a former Major League Baseball player and the chain’s largest Black franchisee in the U.S. at one
Check out the companies making headlines in after-hours trading on Tuesday. Verizon – Shares of the telecommunications giant were up 2% in after-hours trading after Warren Buffett’s Berkshire Hathaway revealed a big stake in Verizon. As of Dec. 31, Berkshire Hathaway owned 146,716,496 Verizon shares worth $8.6 billion at the end of 2020. SolarEdge –
To quarantine or not to quarantine — that is the question. Or at least it has been for countries deliberating how to handle incoming international travelers. But that changed last month when Sri Lanka reopened its borders with a requirement unlike any country that had opened before it — one that neither grants travelers free
A highway is closed due to snow and ice in Houston, Texas, on Feb. 15, 2021. Chengyue Lao | Xinhua News Agency | Getty Images The Texas winter storm is expected to push gasoline prices up across the U.S. by about 10 cents per gallon within the next couple of days. That follows a five-cent
BROCKTON, MA – MARCH 19: Parents combining work and child care at home due to the pandemic. (Photo … [+] by Matthew J. Lee/The Boston Globe via Getty Images) Boston Globe via Getty Images Employment and real estate markets remain agitated by the Covid-19 pandemic, with some predictions of a major shift to working from
We are moving through a no man’s land between buyer’s and seller’s markets today. getty The seller is worried. She owns a lovely pre-war duplex on the Upper West Side of Manhattan. It needs renovation and is priced accordingly. She e-mails her agent to note that asking prices seem to have gone up since the
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