Signage outside the Novavax Inc. headquarters in Gaithersburg, Maryland, on Friday, March 12, 2021. Al Drago | Bloomberg | Getty Images Novavax announced that it will delay the submission of its Covid-19 vaccine to the Food and Drug Administration for emergency use authorization until its fourth quarter. Shares of the biotechnology company slipped 10% after
Month: August 2021
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway‘s operating income continued to rebound as its myriad of businesses from energy to railroads benefited from the economic reopening. The conglomerate reported operating earnings of $6.69 billion in the second quarter, up 21% from $5.51
In this article ASTR Rocket 3.2 lifts off on December 15, 2020 from Kodiak, Alaska. John Kraus / Astra Publicly traded rocket builder Astra will go for its first launch of the year later this month, aiming to carry a Pentagon payload to orbit. “The Space Force is right now lined up to do a
With schools and parents divided on mask and vaccine requirements, many school districts are planning to be fully in person in the fall — and hoping for the best. “We are all in this together,” said Michael Lubelfeld, superintendent of North Shore School District, just north of Chicago. Lubelfeld said he will follow Illinois
Youth unemployment skyrocketed during the coronavirus pandemic, prompting some entrepreneurial college students to turn to side hustles to make ends meet. Unemployment for young people (in the 16-24 age range) hit a high of 27.4% in April 2020 — that’s nearly 1 in 3 who were unemployed. Meanwhile, Etsy reported that the number of sellers
By Richard Eisenberg, Next Avenue Editor We’ve all seen how Olympic gymnast extraordinaire Simone Biles has been struggling with mental health issues, causing her to drop out of events at the games and performing the work she loves. Financial therapist Joyce Marter, author of the intriguing new book “The Financial Mindset Fix,” says our mental health
Tax Notes reporters Amanda Athanasiou and Lauren Loricchio share what they learned reporting on their recent piece, “How the Pandemic Upended Life and Work for Women in Tax,” and their personal experiences. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today
Santa Fe, New Mexico, is one of those places everyone seems to love. From the classic adobe-style architecture to art galleries to fine dining and numerous museums, including the Georgia O’Keefe Museum, Santa Fe and its clear blue skies is a fun city to visit. It’s because of its rich culture that many decide to
Idaho Gov. Brad Little on Friday called on the state’s residents to get vaccinated against Covid, citing concern about the delta variant and its potential to hinder economic progress. “We’re just urging everybody to get vaccinated,” Little said on CNBC’s “The Exchange.” Little said his biggest concern and “one of the most detrimental things” to
In this article BYND Packs of Beyond Meat plant-based burger patties are displayed for sale. Paul Yeung | Bloomberg via Getty Images Beyond Meat on Thursday reported a wider-than-expected loss as higher costs and investments in its business weighed on margins. The company also expressed caution for the second half of the year, citing the
U.S. stock index futures were little changed during overnight trading on Thursday, ahead of Friday’s highly anticipated jobs report. Futures contracts tied to the Dow Jones Industrial Average dipped 17 points. S&P 500 futures and Nasdaq 100 futures were flat. Stocks finished Thursday’s session in the green, with the S&P 500 rising 0.6% to close
Traders at the New York Stock Exchange. Source: NYSE The market is churning at record levels as Covid fears ramp up and political uncertainty swirls, but there are still buying opportunities for investors. On Tuesday, Stephanie Link of Hightower Advisors, Josh Brown of Ritholtz Wealth Management, investor Pete Najarian and I joined Scott Wapner on
Sam Edwards | Getty Images One type of annuity may be poised to get a bit of a makeover. Under bipartisan retirement legislation pending in both the House and Senate, the rules applying to qualified longevity annuity contracts, or QLACs, would be changed. Although the two chambers’ provisions differ somewhat, both would remove the 25%
The email comes as a notification that you have been charged a specified amount for an item or service you never ordered. It is not a bill requesting payment, which you would immediately delete. Rather it is a notification of a payment that allegedly you have already made through a bank deposit or credit card.
In a tremendously unpleasant surprise for owners of S-corporations and C-Corporations and their tax advisors, the IRS issued Notice 2021-49 on August 4th which states that the Employee Retention Credit (ERC), made available for businesses suffering from the COVID-19 crisis, will not be available with respect to wages paid to a majority owner, or such
City Developments—controlled by billionaire Kwek Leng Beng—said Friday the property developer will report further losses in the first half this year amid the lingering impact Covid-19 lockdowns and financial troubles at Chinese subsidiary Sincere Property Group. “Though signs of improvement are evident across the group’s business segments, the prolonged Covid-19 pandemic has led to the
Scarlett Johansson stars as Natasha Romanoff, AKA Black Widow, in Marvel’s “Black Widow.” Disney | Marvel The president of the Screen Actor’s Guild on Friday slammed Disney for “bullying” Marvel actress Scarlett Johansson in a public statement it made about the “Black Widow” star’s lawsuit against the company last week. Gabrielle Carteris said Disney “should
In this article DRLCO-DK A crane loads a shipping container branded A.P. Moller-Maersk onto a freight ship. Balint Porneczi | Bloomberg | Getty Images Maersk, the world’s largest container shipping firm, has posted a sharp increase in second-quarter earnings as congestions and bottlenecks continue to drive up shipping rates. The company on Friday reported earnings
In this article ZG DIDI DKNG WEED-CA NVAX GCI Check out the companies making headlines before the bell: Canopy Growth (CGC) – The Canadian cannabis producer’s shares rose 1.9% premarket after it posted an unexpected quarterly profit on rising marijuana demand and cost cuts. The gain comes even as revenue falls short of Wall Street
Vlad Tenev and Baiju Bhatt attend Robinhood Markets IPO Listing Day on July 29, 2021 in New York City. Cindy Ord | Getty Images Shares of Robinhood are popping again on Friday as the volatile stock heads to end its first full week of trading up nearly 70%. Robinhood shares rose 13% to $57.85 on
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