A Bolt driver in Krakow, Poland. Beata Zawrzel | NurPhoto via Getty Images LONDON — Bolt, a European competitor to ride-hailing giant Uber, said Wednesday it had raised 150 million euros ($182 million) to bolster the safety of its platform through facial recognition and artificial intelligence. The Estonia-based company declined to disclose its valuation but
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AST’s corporate headquarters and high-volume manufacturing facility in Midland, Texas AST & Science Special purpose acquisition company New Providence will take next-generation satellite broadband specialist AST & Science public through a SPAC deal that gives the space company an equity value of $1.8 billion, the firm announced on Wednesday. AST will list on the Nasdaq
Getty Images There’s still a chance — though small — that some Medicare beneficiaries could receive some money to help with prescription drug costs. Nearly three months after President Donald Trump announced his intent to send $200 drug-discount cards to millions of people on Medicare, the stalled plan has cleared one big hurdle: An industry
getty Tony Hsieh was known as an innovative and unconventional leader during his time as an early investor in and longtime leader of online shoe retailer Zappos. He was apparently worth hundreds of millions of dollars at his death. Hsieh might also become well-known for key mistakes he made in his retirement and estate planning.
No matter how much time and energy you invest into politics, you probably know student loan debt has become just as much a political issue as a financial one. Both sides of the aisle have suggested some relief for student loan debt, including the Trump Administration’s current halt on payments and interest for most federal
Tacoma, Washington has seen home values appreciate solidly over the last year, while houses are … [+] selling very quickly, with nearly 74% of homes sold going off the market within just two weeks. getty As 2020 nears its end, one of the more interesting developments to observe was how housing markets reacted to the
United is the first commercial airline to fly the first FDA-authorized COVID-19 vaccines to the U.S. thanks to a coordinated effort between cargo, safety, technical operations, flight operations and several other teams at United. On behalf of Pfizer, United operated five cargo-only flights in early December delivering COVID-19 vaccines from Brussels to Chicago. Source: United
Nobel Prize-winning economist Robert Shiller believes the fear of missing out is fading. According to Shiller, the market phenomenon was the major narrative driving the historic rally off the March 23 low — as the world entered the throes of the coronavirus pandemic. But with big gains in the rearview mirror, Shiller isn’t turning bearish.
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs CEO David Solomon said that small businesses it surveyed are in dire need of another round of emergency Paycheck Protection Program funding. “They really have needs; 90% of them have exhausted their
Halfpoint Images | Moment | Getty Images This year, doing good for the planet can also help you trim your tax bill. That’s because a basket of provisions in the tax code reward individuals and businesses for taking steps toward energy efficiency. Whether you added a few solar panels to your roof, bought a hybrid
Hero Images | Hero Images | Getty Images The coronavirus pandemic threw everyone for a loop in 2020. And as the year winds down, it’s time to reflect, reset and prepare for 2021. It may be especially important for families to assess their financial health for the new year. The coronavirus pandemic had a major
Pivotal Advisors founder Tiffany McGhee told CNBC on Tuesday that increasing opportunities for diverse businesses starts by recognizing historic barriers that had been in place, especially in the financial services industry. “If you’re interested in working with a diverse-owned firm, the traditional metrics might not work. We might not have a 50-year track record,” McGhee
People shop for Black Friday deals in Glendale, California on Nov. 27, 2020 Los Angeles Times via Getty Images We’ve all heard stories of people who made a killing in the stock market based on their savvy observations: the mail carrier who bought Netflix stock early because he noticed the proliferation of red envelopes in
Two railways tracks merge close up. getty For a taxpayer, it must be disappointing when the courts uphold your challenge to a state revenue agency auditor’s application of a regulation that resulted in an assessment for additional tax. Yet substantive challenges — including a taxpayer’s assertion that the auditor included transactions that are not taxable
Anne Hearst, a granddaughter of publishing tycoon William Randolph Hearst, and her husband, Jay … [+] McInerney, have paid about $10.726 million for a home in famed Malibu Colony. Hilton & Hyland Malibu’s one-mile beachfront stretch known as Malibu Colony has long been a bastion for Hollywood stars and business tycoons. Now, the coastal enclave
Tony Potts, a 69-year-old retiree living in Ormond Beach, receives his first injection as a participant in a Phase 3 COVID-19 vaccine clinical trial sponsored by Moderna at Accel Research Sites on August 4, 2020 in DeLand, Florida. Paul Hennessy | NurPhoto | Getty Images The staff of the Food and Drug Administration endorsed the
The Apple iPhone 12 Pro Max is unveiled during a virtual product launch. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Apple — Apple shares rose more than 3% after Nikkei reported the tech giant will ramp up its iPhone production by about 30% in the first
Goldman Sachs Chairman and CEO David Solomon told CNBC on Tuesday that he’s concerned about the intense demand from retail investors in recent initial public offerings. “I do think we’re in a moment in time where there’s a lot of euphoria. I personally am concerned about that,” Solomon said on “Squawk Box.” “I don’t think
Nitat Termmee | Moment | Getty Images At the end of every year, there’s an opportunity to make smart financial moves to reduce taxes, increase net investment income and decrease portfolio risk. Some of these financial moves are especially timely. They’re enabled by federal legislation and temporary changes in tax rules aimed at easing pandemic-related
Bill Clark | CQ-Roll Call, Inc. | Getty Images The Covid relief bill released Monday by a bipartisan group of senators has many helpful — if temporary — provisions for unemployed workers, according to experts. The relief package — which, if passed, would be the first since the CARES Act in early spring — extends