In this article DIDI Budrul Chukrut | LightRocket | Getty Images Didi shares soared as much as 14% in U.S. premarket trading Friday after the company announced plans to delist from the New York Stock Exchange and pursue a listing in Hong Kong instead. Shares of the Chinese ride-hailing giant have been hammered by regulatory
Month: December 2021
In this article COF Capital One CEO and Chairman, Richard Fairbank. Marvin Joseph| The Washington Post | Getty Images Capital One says it is eliminating all overdraft fees for retail banking customers. It’s the largest U.S. bank yet to end the industry practice of charging customers a hefty fee, typically $25 to $35 each instance,
Getty Images This January not only marks the start of a new year. It is also the two-year anniversary of the first identified case of Covid-19 in the U.S. At the time, the pandemic caught most people by surprise. Now, many of our lives do not look the same as they did before Covid-19. People
The drama over the attempts to raise the state and local tax deduction above the $10,000 limit included in the Tax Cuts and Jobs Act has become more of a soap opera recently. The rehashed story line has gotten stale, but the furor over the limit has an irresistible political attraction that ensures its longevity. Congress’s current
It’s no secret that Charleston, South Carolina, is fast-becoming one of the world’s most popular cities. The Holy City continues to top lists across the globe as one of the best places to live, and recent forecasts project the housing market in Charleston to be among the top ten in the U.S. for the next
Loading chart… Vir Biotechnology (VIR): “[George Scangos] runs that company. And I have to tell you he’s part of a GlaxoSmithKline [alliance]. And I spend a lot of time talking to GlaxoSmithKline. They may have something that could be very, very good against omicron. It’s very early, very early. But I like it. I think
A trader works on the trading floor of the New York Stock Exchange in New York, Nov. 30, 2021. Michael Nagle | Xinhua News Agency | Getty Images Stock futures were lower in overnight trading Thursday ahead of the November jobs report as the market nears the end of a roller-coaster week driven by Covid
Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Sept. 14, 2021. Bill Clark | Bloomberg | Getty Images Foreign public companies that are listed in the United States may be delisted if their auditors do
sturti | E+ | Getty Images As millions of Americans quit their jobs in favor of taking time off, finding a new job or even starting their own business, financial experts have a warning: Don’t lose track of valuable employer-sponsored retirement plans. Neglecting such a plan, which can hold thousands of dollars after just a
Soon after Hollywood writer/director/actor Peter Antico read my book Who Stole My Pension? last year, he called me on behalf of a group of SAG/AFTRA members, including Ed Asner (of Lou Grant television fame), and Titanic film star, Frances Fisher. The group of actors was outraged that, in the midst of a global pandemic, the
In a surprising move for a state that has long favored giving employers the freedom to do business with relatively few constraints, the Florida legislature and Governor DeSantis passed House Bill No. 1-B which prohibits any private employer from imposing a COVID-19 vaccination mandate for any full-time, part-time or contract employee without providing the individual
The Republic of Singapore is a global financial center of around 5.7 million. The city-state is a contrast of cultures, offering a perfect blend of contemporary living that is unlike any other place in the world. Sammi Lim, founder and executive director of Brilliance Capital, knows the area, having 17 years of experience in development and
U.S. President Joe Biden speaks about his administration’s plan to fight the coronavirus disease (COVID-19) with the emergence of the Omicron variant, during his visit to the National Institutes of Health, in Bethesda, Maryland, U.S., December 2, 2021. Kevin Lamarque | Reuters President Joe Biden on Thursday said his plan to fight Covid during the
In this article DG Popshelf stores are roughly 9,000 square feet and carry items such as home goods, seasonal decor and party supplies, including items from Dollar General’s private brands. Dollar General Dollar General debuted a new store called Popshelf about a year ago, aimed at wealthier, suburban shoppers who enjoy the hunt for a
Mike Stocker/South Florida Sun Sentinel/Tribune News Service via Getty Images More than $87 billion in unemployment benefits funded by the federal government was likely siphoned from the system during the Covid-19 pandemic, much of it due to fraud, according to a U.S. Department of Labor report. Congress authorized many new programs in the pandemic’s early
People outside courthouse for the trial of Elizabeth Holmes. Yasmin Khorram | CNBC SAN JOSE, CALIF. — As Elizabeth Holmes testifies in her own defense, she’s getting a little help from her friends. CNBC has learned Holmes has called former friends and sorority sisters from Kappa Alpha Theta at Stanford asking if they would go
In this article NOC Concept art of a “Starlab” space station Nanoracks NASA awarded a trio of companies with contracts to develop private space stations, as the agency prepares for the retirement of the International Space Station. Jeff Bezos’ Blue Origin, Northrop Grumman, and Nanoracks were awarded a combined $415.6 million under NASA’s Commercial LEO
courtneyk | E+ | Getty Images With soaring home values, many sellers expect a sizable profit when listing their property. However, capital gains taxes may put a damper on their windfall. Home sales profits are considered capital gains, taxed at federal rates of 0%, 15% or 20% in 2021, depending on income. The IRS offers
Colorado and New Mexico recently announced an innovative approach to managing their new state-facilitated retirement saving programs. Under a Memorandum of Cooperation, the Colorado Secure Savings Program and New Mexico Work and $ave will collaborate on program administration and financial services, marketing, data collection, and participant privacy. Such partnerships can provide a cost-effective way for
Today’s Social Security column addresses questions about when spousal benefits may be available and how they can be paid, marriage and disability benefits and potential reductions due to filing early. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask Larry answers