Sir Richard Branson, left, and CEO Michael Colglazier celebrate the company’s third spaceflight test on May 22, 2021. Virgin Galactic Jeff Bezos plans to launch himself to the edge of space on July 20, but fellow billionaire Sir Richard Branson might still try to fly with Virgin Galactic first. Virgin Galactic leadership previously stated the company
Month: June 2021
FatCamera | E+ | Getty Images The push for a higher federal minimum wage could help those who are underpaid, particularly child-care workers. However, raising that minimum pay rate could also make child care unaffordable for many families. Such is the Catch-22 that policymakers now face as they look to rebuild the economy from the
By Tracey Y. Smith, Next Avenue Watching “In the Heights,” the hot summer movie launching in theaters and on HBO Max this week, you’ll see the effervescent 66-year-old dancer Lillian Colón. This is the first big film for Colón, a native New Yorker and Puerto Rican who became the first Latina Radio City Rockette in 1987. The
Beginning in July, most families with children will receive up to $250 a month per child ($300 for children under 6). Those payments are advances of the Child Tax Credit (CTC), which was temporarily expanded in the American Rescue Plan (ARP). The CTC expansion and monthly advance payments should be extended past their scheduled expiration in 2021. But that’s
The weather is warm and the water is calling. From a French apartment with a private pool to a riverfront home in Florida, these properties are sure to make a splash. Mansion apartment with private pool Location: Lyon, Auvergne Rhone Alpes, France Price: $2.195 million Modern living, chateau style. This restored 19th century mansion in
One of the most important crossroads on the way to small business success — and one that nearly every entrepreneur will encounter at some point — is incredibly treacherous: deciding whether to take on a partner. How you navigate it can make the difference between success and unmitigated disaster. Done right, a partnership can propel
In this article NKE The Nike logo is seen on the Nike store on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Nike shares surged more than 13% Friday morning, on pace to open at a record high, after the sneaker maker forecast full-year sales topping $50 billion
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike reported quarterly earnings of 93 cents per share, well above the 51 cents a share consensus estimate. Revenue beat forecasts by a wide margin and exceeded $12 billion for the first time. Nike benefited from pent-up demand for its
In this article SPCE VSS Unity is released from carrier aircraft VMS Eve during the launch of its third spaceflight on May 22, 2021. Virgin Galactic Virgin Galactic announced on Friday that the Federal Aviation Administration granted the company the license it needs to fly passengers on future spaceflights, a key hurdle as the venture
MoMo Productions | DigitalVision | Getty Images Americans saving in a 401(k) plan may have money stashed in a robo-advisor — and they might not even know it. Robo-advice is basically professional money management guided by an algorithm (a robot, so to speak), largely allowing investors to be hands-off. Companies offering a retirement benefit are
Another month, another explosive rise in home prices. May’s median annual housing price rose 23.6%, a new monthly record. Buyers are still buying, helped by low interest and mortgage rates. But since housing construction hasn’t kept pace with demand and economic growth, it will take more housing production to reduce long-term pressure on prices. The buying pressure in housing
Broker Associate at LIV | Sotheby’s International Realty based in Breckenridge, Colorado. Luxury real estate sales are unlike any other real estate sales. Here in the mountains of Colorado where we see staggering price tags starting at around $2 million, only the most experienced and multi-talented real estate professionals are making the cut. Success is subjective and each
A medical staff member checks on Covid-19 coronavirus patients at a hospital’s intensive care unit ward in Bogor on June 18, 2021, as Indonesia’s Covid-19 coronavirus infection rate soars. Aditya Aji | AFP | Getty Images Medical workers in Indonesia are grappling with the pressure of caring for Covid-19 patients while quickly vaccinating the country’s
Football fans watch UEFA Euro 2020 Championship Group A match between Wales and Switzerland at a pub on June 12, 2021 in Shanghai, China. Chen Yuyu | Visual China Group | Getty Images BEIJING — After home appliance company Hisense became the first Chinese sponsor for the UEFA European soccer championship in 2016, three other
Travel writers make a career out of helping tourists navigate unfamiliar places. Still, even the most savvy traveler is prone to making the occasional faux pas while on vacation. Here, CNBC’s travel contributors share the biggest mistakes they see visitors make in the cities they call home. Strolling through Singapore “Attempting to stroll around
Sometimes, it can seem like only rich people can benefit from the tax code. Some ultra-wealthy individuals have amassed hundreds of millions — or even billions — of dollars in tax-sheltered Roth individual retirement accounts, according to a report released Thursday from ProPublica, an investigative news outlet. However, the strategy is generally available to anyone
States received billions of dollars from the federal government to help them manage the COVID-19 pandemic in 2020 but one-quarter of them still had to cut spending over the last year to get by. A total of 12 states had to cut a combined $4.1 billion from their budgets in order to balance out projected
JPMorgan Chase has announced new steps to address the housing affordability gap as part of its $30 billion commitment to help advance racial equity and wealth creation. The firm plans to harness its expertise in business, policy and philanthropy to improve housing affordability and stability as well as homeownership opportunities for Black and Latinx households.
Supply chain disruptions and inflated prices are not abating yet, National Association of Manufacturers CEO Jay Timmons told CNBC on Thursday. “We’re seeing rising cost pressures” due to workforce shortages and demand exceeding supply, Timmons said on “Squawk on the Street.” ”What that’s doing is it’s causing bottlenecks in a lot of the supply chain for manufacturers
In this article NKE A man walks in front of Nike products exhibit, on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Nike on Thursday reported fiscal fourth-quarter earnings and sales that topped analysts’ estimates, fueled by record revenue in North America. Nike shares jumped more than 4%
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