In this article ABNB Airbnb CEO Brian Chesky attends the Cannes Lions on June 20, 2016, in Cannes, France. Richard Bord | Getty Images Airbnb said revenue increased 5% in the first quarter, beating analysts’ estimates, as the rapid pace of vaccinations led to more travel. The company’s net loss tripled because of debt repayments and restructuring
Month: May 2021
In this article DOGE.CM= Yuriko Nakao | Getty Images News | Getty Images Dogecoin soared more than 40% early Friday after a tweet from supporter Elon Musk and as Coinbase said it would list the meme-inspired cryptocurrency. The price of dogecoin rose to an intraday high of around 55 cents at 2:30 a.m. ET, according
Morsa Images | E+ | Getty Images The U.S. stock market is back in choppy waters. On Wednesday, all three major U.S. indices — the Dow, S&P 500 and Nasdaq — slid on fears that rising inflation will lead to higher prices and boost interest rates, capping off a three-day losing streak in the market.
Buying a home is exciting, but it’s also a huge commitment. And one of the responsibilities of homeownership is paying real estate taxes. How much you will end up paying can vary significantly depending on a variety of factors — from how much your home is worth to where you live. To illustrate just how
It’s a tired story by now in Illinois: the graduated income tax state constitutional amendment on the ballot this past November failed because of a fundamental lack of trust by the people of Illinois in their elected officials. That’s not just my own claim; new House Speaker Chris Welch said as much, according to the
In this article DOGE.CM= BTC.CM= COIN Coinbase Global issued its first quarterly report as a public company on Thursday, showing a surge in business with growing public interest around investing in digital coins. Despite raging speculation around cryptocurrency and a bountiful number of offerings, the asset class is a volatile one. After coming public more
In this article DIS A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images Disney is set to report fiscal second-quarter earnings after the bell on Thursday. Here are the key numbers: Earnings per
U.S. stock index futures were little changed in overnight trading on Thursday, after all three major averages snapped three-day losing streaks to end the day higher. Futures contracts tied to the Dow Jones Industrial Average gained 18 points. S&P 500 futures advanced 0.08%, while Nasdaq 100 futures posted a slight decline. During regular trading, the
Volunteers at a food bank in Duarte, California, load donation boxes. FREDERIC J. BROWN | AFP | Getty Images It appears the pandemic hasn’t dented charitable giving from wealthy households. Most affluent Americans — about 90% — gave to charitable causes in 2020, with a third of them giving more than in the past to
The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images PayPal is making another acquisition in the e-commerce space as it moves beyond payments and into physical and online retail. The digital payments giant announced a deal to acquire start-up Happy Returns on Thursday for an undisclosed
Sophie Evanoff, owner of Vanille Patisserie in Chicago, is having a hard time finding workers. Source: Sophie Evanoff She managed to keep her bakery business afloat during the pandemic, but now Sophie Evanoff, owner of Vanille Patisserie in Chicago, can’t keep up with demand. The culprit: her inability to find workers. “It is to the
As the saying goes, “The road to Hell is paved with good intentions.” That seems to be the case with section 602(c)(2)(A) of the American Rescue Plan Act (ARPA), signed into law by President Biden on March 11. The subsection prohibits states from using funds disbursed under the act to “directly or indirectly offset a reduction in
The distinct architecture of Barcelona, with its curved shapes, floral motifs and ornamentation, is defined by its Catalan Modernism. The aesthetically pleasing style was a major force in the larger Modernisme movement, which also permeated art, theater and literature at the end of the 19th century. This recently refurbished Modernist house is located in the
Today’s column addresses questions about whether it’s best to file at 70 ½ or 70, potential spousal benefits before retirement benefits and when excess spousal benefits might be available. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets Maximize My Social Security
Monty Rakusen | Cultura | Getty Images A project aiming to harness geothermal energy from disused, flooded coal mines in the northeast of England took another step forward this week after it was given planning permission for an initial testing phase. In an announcement Monday, South Tyneside Council said the development would “draw geothermal energy
In this article BTC.CM= TSLA Pavlo Gonchar | LightRocket | Getty Images Elon Musk’s decision to stop Tesla from accepting bitcoin as payment has led to fresh scrutiny of the cryptocurrency’s environmental impact. Musk said Wednesday that Tesla had halted purchases of its vehicles with bitcoin due to concerns over the “rapidly increasing use of
The cryptocurrency dogecoin’s value has surged over the past few months thanks to the alignment of several important factors, including extra capital from stimulus checks, the popularity of free-trading apps like Robinhood and the backing of billionaire SpaceX and Tesla CEO Elon Musk. But one reason has been understated in media reports, Billy Markus, the
Jose Luis Pelaez Inc | DigitalVision | Getty Images New York City has joined a short but growing list of jurisdictions aiming to get workers into a retirement plan. Mayor Bill de Blasio signed a bill into law this week that will require most employers not offering a workplace plan to automatically enroll their workers
New spending rules issued this week say that states and local governments can use their federal COVID-19 relief aid for hazard pay for essential workers. The allowance comes amid a brewing battle in California over grocery workers’ right to hazard pay. The inclusion is part of the U.S. Department of Treasury’s sweeping guidance on how
The rise of digital technology ushered in a new era for the mortgage application process as borrowers took advantage of historically low interest rates and lenders embraced digital mortgages more than ever before. A new survey on borrowing and lending by ICE Mortgage Technology finds that the pandemic has permanently changed the way consumers utilize
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