If Congress fails to suspend or raise the national debt limit, it would have a trickle-down effect that could put nearly a quarter of state spending at risk. A new report by the progressive-leaning Center on Budget and Policy Priorities (CBPP) says that such an event would likely mean the federal government would have to
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New York City’s third quarter 2021 market came in like a lion and continued roaring throughout much of the summer. The lion, however, did take a nap during the final weeks of August, and remained drowsy throughout most of September. But now that lion is waking up again. He’s still hungry — and game is
In this article AAL JBLU An American Airlines plane lands on a runway near a parked JetBlue plane at the Fort Lauderdale-Hollywood International Airport on July 16, 2020 in Fort Lauderdale, Florida. Joe Raedle | Getty Images JetBlue Airways‘ next challenge in its partnership with American Airlines is making sure travelers know whose plane they
In this article COTY ZM MRK DIS RIDE WFC Check out the companies making headlines before the bell: Merck (MRK) – Merck shares surged 7.5% in the premarket after it announced that its experimental Covid-19 pill cut the risk of death and hospitalization by 50% in a late-stage study. Merck plans to file for emergency
Powerball’s top prize has surged yet again, vaulting it into the top 10 largest jackpots in U.S. lottery history. With no one matching all six numbers drawn Wednesday night, the jackpot is now an estimated $620 million for Saturday night’s drawing. If there’s a winning ticket, it would be the 10th-largest lottery prize won —
Jeff Bezos, left, and Elon Musk Getty Images; Reuters Elon Musk repeated prior criticisms of fellow billionaire space mogul Jeff Bezos, as their respective companies continue to battle in federal court and in front of regulators. “I think I’ve expressed my thoughts on that front – I think he should put more of his energy
Taiwanese ethnicity man looking at the home budget and sorting out bills using his laptop in his cozy living room SrdjanPav | E+ | Getty Images If you’re trying to get control of your finances, most financial advisors will start with one simple step: establishing a budget. The coronavirus pandemic and ensuing economic recession and
The pandemic is not over, but many of us made travel plans long ago, hoping it would be over by this time. Delayed events, rescheduled celebrations and other family gatherings are still on the calendars of families and aging loved ones. Time has passed since the first thoughts of getting together in person, traveling from
All major provisions of the House Ways & Means Committee’s budget reconciliation tax bill would cut 2022 taxes on average for households making $200,000 or less. At the same time, the bill would raise taxes substantially for those making $1 million or more, according to a new analysis by the Tax Policy Center. The bill’s
From a Bel-Air estate to a Spanish Hacienda to an iconic New York residence, these properties offer five-star pedigrees for global buyers. When marketing premier properties, those with a back story are distinctively interesting. Il Sogno, listed for $45 million, is a Tuscan treasure featuring the work of several noted … [+] architects, designers and
On the heels of the deadliest month of the pandemic for pregnant people yet, Dr. Manisha Gandhi told CNBC that she’s not optimistic about Covid-19 this winter. “To be dealing with this surge and taking care of really sick women, has just really taken a toll,” said Gandhi, who is chief of maternal-fetal medicine at
Traders work on the floor of the New York Stock Exchange (NYSE), September 21, 2021. Brendan McDermid | Reuters Stock futures rose slightly in overnight trading on Thursday after the S&P 500 notched its worst month since March 2020. Futures on the Dow Jones Industrial Average climbed 45 points. S&P 500 futures gained 0.1% and
Very few people self-identify as upper middle class or wealthy — even if, by the numbers, their income or net worth puts them in that category. Only 1% of Americans consider themselves upper class, according to a 2015 Pew survey, and just 6% of those earning $100,000 or more say they fit this category. According
ESG investing, or when a company’s environmental, social and governance factors are evaluated, is booming, and a panel of sustainability-focused investors said the trend is only going to accelerate from here. Climate change “is a mega-trend that if you take advantage of it, and get ahead of it, it’s going to be an alpha generator
Prostock-Studio | iStock | Getty Images As teenagers navigate matters of love and money, a troubling percentage of young relationships are showing signs of financial abuse. Some 31% of U.S. teens aged 13 to 18 have flagged the signals of financial abuse — which may be controlling a partner’s ability to receive, spend or save
Yesterday Congress avoided a government shutdown. But the fix is temporary. And all the uncertainty caused the stock market to plunge almost 5% for the month of September. Since Republicans are adamant about not raising the debt limit; there is more trouble ahead. What would a government shutdown mean for ordinary Americans? Since essential
Earlier this month, California Governor Gavin Newsom signed three laws meant to encourage more housing construction and supply, allowing some overriding of local zoning policies in order to get more affordable and racially equitable housing. But the state’s dramatic intervention probably won’t be enough to overcome decades of anti-housing policies and practices, driven by existing homeowners who
With a white-hot real estate market and so many people moving, you’re bound to need a housewarming gift or two these days. But why go for generic flowers or yet another bottle of wine when you can choose something that’s truly meaningful? Whether you need to buy a luxury housewarming present, an eco-friendly gift, or
In this article HNST FIGS WRBY Co-CEOs, Neil Blumenthal & Dave Gilboa of Warby Parker at the NYSE, September 29, 2021. Source: NYSE Warby Parker‘s debut Wednesday set a good precedent for a number of online-first retailers preparing to go public. Warby shares skyrocketed 36% Wednesday. Founded in 2010, the company started hawking its eyewear
In this article NVDA RIDE BBBY GM A shopper walks past a Bed Bath & Beyond Inc. store Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Bed Bath & Beyond – Shares of the big-box retailer plunged 23% after the company slashed its revenue and earnings outlook amid supply chain