In this article ABNB More people are booking longer-term rental stays because of flexible working arrangements as a result of the pandemic, says Airbnb CEO Brian Chesky. “The pandemic has untethered millions of people from the need to be in office five days a week,” Chesky told CNBC’s “Squawk Box Asia” on Wednesday. “As people
Month: February 2022
In this article CSCO Cisco CEO Chuck Robbins Pradeep Gaur | Mint | Getty Images Cisco shares rose as much as 5% in extended trading on Wednesday after the enterprise software and hardware maker disclosed fiscal second-quarter earnings that surpassed analysts’ expectations. Here’s how the company did: Earnings: 84 cents per share, adjusted, vs. 81
A public screen displays the Shenzhen Stock Exchange and the Hang Seng Index figures in Shanghai, China, on Monday, Feb. 7, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — International investors are putting more money into Chinese stocks, even as local investors have remained cautious on the mainland markets. Mainland Chinese stock funds
It’s been two months since families with eligible children stopped getting advance child tax credit payments in December. Many of those families are already struggling again to make ends meet. Nearly 60% of parents surveyed by ParentsTogether Action, an advocacy group, said that since the checks stopped, they haven’t been able to afford enough food.
Martis Camp is a more than 2,100-acre gated community amid forests, meadows and streams set between Truckee, California, and the northern shores of Lake Tahoe. An prime example of the types of estates and cabins available in the development is this custom-built dovetail log home. Dovetail refers to the fitted corner notches used to secure
VALERIE MACON | AFP | Getty Images When Charlene Latsha calls the Social Security Administration, she’s placed on hold for so long that she hangs up. Latsha, 70, of Pottstown, Pennsylvania, has been trying to reach the government agency about her husband’s application for retirement benefits. Though he has been disabled and unable to work
In a statement issued late yesterday the IRS indicated that it heard the tax industry’s concerns about new reporting requirements for pass-through entity (PTE) returns and would be issuing further guidance soon. That guidance came early today in the form of a new FAQ. The FAQ (Question 13) discusses the January 18, 2022 update to
In this article LOCO CMG Avocados are seen in a grocery market in New York, United States on February 14, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Avocados will likely be in short supply and more expensive in the coming weeks if the U.S. suspension of Mexican avocado imports persists. On Saturday, the
Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei. Tyrone Siu | Reuters Nvidia reported fourth-quarter earnings and sales on Wednesday that beat analyst expectations and provided a strong outlook for the current quarter. The stock fell over 1% in extended trading. Here’s how the chipmaker did
Traders work on the floor of the New York Stock Exchange (NYSE) on February 16, 2022 in New York City. Spencer Platt | Getty Images Stock futures inched higher in overnight trading as investors digested corporate earnings reports, updates from the Federal Reserve and developments in the Russia-Ukraine conflict. Futures on the Dow Jones Industrial
In this article ABNB RBLX Many companies appear to be ill-equipped to thrive in a post-Covid world, CNBC’s Jim Cramer said Wednesday. “I have not seen a lot of companies who are prepared for post-pandemic. I’ve seen a lot of companies that were kind of banking on a little more pandemic,” Cramer said. The “Mad
SEC chairman Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on Sept. 14, 2021 in Washington. Evelyn Hockstein-Pool/Getty Images The Biden administration is lending a more cautious eye to private equity and other “alternative” investments like hedge funds. The U.S. Securities and Exchange Commission and U.S. Department of Labor have
Topline Disney’s theme park division is developing master-planned residential communities that the company claims will meet demand from fans looking for “new ways to make Disney a bigger part of their lives,” the latest project in the Mouse House’s decades-long efforts to expand into residential development. Key Facts “Storyliving by Disney” communities will be master-planned
David Jakle | Image Source | Getty Images If you’re worried about rising interest rates, you may be eyeing high-yield bonds, which typically pay a bigger coupon and may help offset price declines in your bond portfolio. But these assets may also carry more risk, according to financial experts. While market interest rates and bond
Cameron Mitchell, chief executive of Cameron Mitchell Restaurants, told CNBC on Wednesday that unruly diners have cost his business $750,000 a year, on top of supply chain snarls and rising inflation that have already affected hurt his bottom line. “We never spent a dollar on security in our restaurants prior to Covid, but now we
Remember the old marketing cliche: “I don’t care what you say about me as long as you spell my name right.” In the Internet age, it seems to apply more than ever—at least for many politicians, athletes, and celebrities. But not for the Internal Revenue Service. Yet here we are in the midst of tax
They are brazen, aggressive and seemingly acting without a care in the world. Shoplifters are hurting big retailers and chain stores, even reportedly forcing some locations in New York City and San Francisco to close up. But unlike many big retailers that can absorb the loss, some small business owners say the crime wave is
In this article BAC Bank Of America CEO Brian Moynihan is interviewed by Jack Otter during “Barron’s Roundtable” at Fox Business Network Studios on January 09, 2020 in New York City. John Lamparski | Getty Images U.S. consumers are spending more money while also growing savings in a positive sign for the economy, according to
Odds are high that you know at least one millionaire. More than 1% of the world’s adults have enough assets to fit the definition, according to the Credit Suisse 2021 Global Wealth Report. Chris Hogan, radio host and author of the book “Everyday Millionaires,” surveyed more than 10,000 of those wealthy individuals to figure out
Amanda Nguyen, founder of cake company Butter&, has had to raise prices after the costs of her ingredients skyrocketed. She also had to find ways to expand her business. Source: Andriya Rances Small business owner Amanda Nguyen thought she had gotten through the worst part of the Covid-19 pandemic. Then, inflation hit. As the owner
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