If your weekend plans include dropping a bet on the Super Bowl, don’t forget that Uncle Sam wants a piece of anything you win. Americans are expected to wager about $6.8 billion on Sunday night’s matchup between the Kansas City Chiefs and San Francisco 49ers in Miami. And no matter where you place your bet
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Passengers wear face masks to protect against the spread of the Coronavirus as they arrive on a flight from Asia at Los Angeles International Airport, California, on January 29, 2020. Mark Ralston | AFP | Getty Images This is a live blog. Please check back for updates. All times below are in Eastern time. 7:30
Chevron posted a $6.6 billion loss in the fourth quarter due to $10.4 billion worth of write-offs related to the company’s shale gas production sites in Appalachia and deep-water projects in the Gulf of Mexico. In December, the company warned that this charge would be between $10 billion and $11 billion. Shares slid more than
Customers look on as a Walmart cashier rings up their purchases at a Walmart store on August 15, 2019 in Richmond, California. Justin Sullivan | Getty Images U.S. consumer sentiment came in marginally above expectations and within striking distance of a cyclical peak amid strength in the labor market and strong increases in income, data
As the Kansas City Chiefs play the San Francisco 49ers in Miami’s Hard Rock Stadium on Sunday, the price tag for a 30-second TV commercial during Super Bowl LIV on Fox is a reported $5.6 million. That’s up from $5.2 million last year. For just under that amount, you can own a castle located in
David Solomon, Goldman Sachs Adam Galica | CNBC Coming soon to your smartphone: a Goldman Sachs digital checking account. The bank is working to release a digital wealth management tool this year and a checking account in 2021, Goldman executive Eric Lane said Wednesday at the New York-based bank’s first investor day. “We aspire to
Dean Mitchell | E+ | Getty Images If you wait until you’re 70 to think about long-term care, you’re already late. With the national annual median cost of a private room in a nursing facility at $102,200, according to insurer Genworth’s 2019 Cost of Care Survey, lacking a thought-out plan can be a costly error.
Mondelez CEO Dirk Van de Put said on Thursday that he expects first-quarter revenue to be affected by the spread of the coronavirus, which has killed at least 171 people in China and infected more than 8,200 since emerging less than a month ago. The company has already closed two factories near the epicenter of
A person smokes a Juul Labs Inc. e-cigarette in this arranged photograph taken in the Brooklyn Borough of New York, U.S., on Thursday, Dec. 20, 2018. Altria Group’s plan to take a $12.8 billion stake in Juul Labs could be destroying value, Citigroup analysts write in a note downgrading the stock to a sell from
An employee assembles an excavator at the Caterpillar Inc. manufacturing facility in Victoria, Texas. Callaghan O’Hare | Bloomberg | Getty Images Here are the most important things to know about Friday before you hit the door. 1. Caterpillar earnings Industrial giant Caterpillar is set to report quarterly earnings before the bell Friday. Investors will look
What do the Mona Lisa, the Great Wall of China and Trolltunga have in common? It sounds like a bad travel joke, but the answer is — they are popular bucket list destinations for travelers around the world. The pop culture vernacular for “a checklist of things to do before one dies” has become a
Tesla CEO Elon Musk and Shanghai’s Mayor Ying Yong attend the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. Aly Song | Reuters Investors betting against Elon Musk’s electric-auto maker Tesla collectively lost more than $1 billion-plus on Thursday as the company’s stock rocketed higher after its better-than-expected earnings report. Tesla popped
Christopher Futcher | Getty Images Nearly 100 million people will watch the San Francisco 49ers face off against the Kansas City Chiefs in the Super Bowl. What they watch it on is nearly as important as who wins. However, there are only a few days left to score a deal on a new TV to
The GMC Hummer EV will be revealed on May 20 and built at General Motors’ Detroit-Hamtramck plant in Michigan. GM DETROIT – General Motors is resurrecting the Hummer, best known as a gas-guzzling, military-style SUV, as an all-electric “super truck” with massive horsepower, acceleration and torque. The Detroit automaker confirmed the plans Thursday and released
Jeff Bezos Matthew Staver | Bloomberg | Getty Images Amazon is set to report fourth-quarter earnings after Thursday’s closing bell. Here are the key numbers: Earnings per share: $4.03 per share, according to analysts surveyed by Refinitiv Revenue: $86.02 billion, per Refinitiv Amazon Web Services: $9.81 billion, according to FactSet Amazon is expected to see
Jeff Bezos, founder of Amazon Katherine Taylor | Reuters Check out the companies making headlines after the bell: Amazon – The e-commerce giant’s stock surged more than 10% in extended trading after the company reported better-than-expected results for the fourth quarter. Amazon reported earnings of $6.47 per share on revenue of $87.44 billion, while analysts
Elon Musk Jim Watson | AFP | Getty Images Tesla CEO Elon Musk doesn’t have a lot of love for Wall Street – a fact he often mentions, including on Wednesday night’s earnings conference call. To begin with, Musk’s company hosts an nontraditional quarterly call with shareholders: After making a short statement about Tesla’s results,
Anfisa Kameneva | EyeEm | Getty Images Many workers don’t have access to retirement savings programs. That is changing. Now, efforts on both a national and state level aim to give more individuals access to plans. In December, Congress ushered in the Secure Act. Among the changes included in the legislation are new ways for
Passengers wear face masks to protect against the spread of the Coronavirus as they arrive on a flight from Asia at Los Angeles International Airport, California, on January 29, 2020. Mark Ralston | AFP | Getty Images All times below are in Eastern time. 7:48 am: Russia closes border with China Russia plans to close
Jeff Bezos, founder and chief executive officer of Amazon.com Inc., speaks at the National Press Club in Washington, D.C., on Thursday, Sept. 19, 2019. Andrew Harrer | Bloomberg | Getty Images Amazon’s ongoing effort to get orders to your doorstep more quickly is likely to drag down profit numbers when the company reports fourth-quarter results