In this article BRK.A Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller | CNBC Warren Buffett’s Berkshire Hathaway made a $500 million investment in the parent company of Nubank, a privately held digital bank based in Brazil, the South American company announced on Tuesday. Nubank, which was
d3sign | Moment | Getty Images Individual investors glued to social media helped push the shares of one new company name — Clover Health — up more than 100% on Tuesday. Yet when it comes to the broader markets, the question on many people’s lips now is, “What’s the next big story?” according to JJ
Are you considering converting part or all of your traditional IRA or 401k accounts to a Roth account because you’re worried that future income tax rates will increase? If you are, you’ll want to conduct a careful analysis to determine whether it’s realistic to expect that you’d be paying taxes at a higher rate in
The IRS Fiscal Year 2022 Budget talks about cryptocurrency and how the service is planning to use in-house technology and outside contractors to reinforce crypto tax compliance. Within the $13.2 billion total 2022 budget, $32 million ($3 million on IT specialist compensation, $6 million on hardware & software and $23 million on contractors) is allocated to
“Just one in 10 adults meet the federal vegetable recommendations,” reported the Centers for Disease Control and Prevention in one of its Morbidity and Mortality Weekly Reports. “As a result, we’re missing out on essential vitamins, minerals, and fiber,” noted the study’s lead author, adding, “This puts [you] at risk for chronic diseases like diabetes
Florida Gov. Ron DeSantis speaks during a press conference held at the Florida National Guard Robert A. Ballard Armory on June 07, 2021 in Miami, Florida. Joe Raedle | Getty Images Florida and Alabama will no longer report daily Covid cases and fatalities as vaccinations rise and states begin shifting to the “next phase” of
Source: Clover Health Passionate day traders glued to their Reddit message boards have found some new targets — Clover Health and Wendy’s — pushing shares up double digits on Tuesday. Shares of Clover Health, a Medicare insurance start-up that went public via Chamath Palihapitiya’s SPAC, jumped 45% on Tuesday after surging 32% in the previous
An artist’s rendition of a Terran R rocket launching to orbit. Relativity Space 3D-printing specialist Relativity Space raised $650 million to step up work on a fully reusable rocket that will attempt to challenge Elon Musk’s SpaceX in less than three years, the company announced on Tuesday. The money will be used “to accelerate some
Older couple meeting with a financial advisor Getty Images Inflation is a top concern as investors fret about the rising cost of groceries, housing, gasoline and other living expenses. The May Consumer Price Index, a key inflation gauge, will be revealed on Thursday and may be higher after an alarming spike in April. “Clients are
MoMo Productions | Stone | Getty Images LGBTQ small business owners are confident about their post-pandemic recovery, but more than 78% don’t have a succession plan in place, according to a new CNBC + Acorns and NGLCC Small Business Owner Financial Health Survey. Since many small businesses are handed down generation to generation, that’s really
Retiree Sylva Coppock had some strong interests and hobbies before she left the workplace in her early 70s. She had worked as a desktop publisher, graphic designer, and executive assistant. When she retired, the plan was to just pursue hobbies. “I loved doing ancestry research,” said Coppock. “I spent a great deal of my free
This past Saturday finance officials from the U.S., Britain, Germany, Japan, France, Italy and Canada—the so-called G7–concocted a scheme for imposing a worldwide minimum corporate tax on large international companies of “at least 15%.” But this episode of What’s Ahead warns that the agreement is only the first in a series of future deals to raise
Generation after generation of one household from the village of Orléat in central France has walked the same grounds for some 400 years. This sand-colored stone castle in the Auvergne-Rhône-Alpes region has been passed down within the family since it was built in the 17th century. Over the years, events put on by the owners
In this article BIIB Dementia expert Dr. Jason Karlawish told CNBC he’s skeptical of the Food and Drug Administration’s approval of Biogen‘s Alzheimer’s disease drug, Aduhelm, saying “the evidence to approve the drug wasn’t sufficient.” “Another study is needed to establish whether this drug, in fact, is effective. Unfortunately, the FDA approved the drug for
BTIG’s Julian Emanuel believes the Reddit frenzy will play a major role in a deep market sell-off this summer. On CNBC’s “Trading Nation” on Monday, Emanuel compared the current backdrop to late January when the mania was firing on all cylinders. Weeks later, wild swings pressured the major indexes as retail investors took profits. “We all
In this article .BBKA A customer shops for meat at a Costco store on May 24, 2021 in Novato, California. Justin Sullivan | Getty Images Inflation may look like a problem that will go away, but is more likely to persist and lead to a crisis in the years ahead, according to a warning from
zimmytws | iStock | Getty Images President Joe Biden’s 2022 budget could give the Social Security Administration a $1.3 billion — or 9.7% — boost in funding. In total, the president is calling for $14.2 billion for the agency for fiscal year 2022. The proposed increase comes as the Social Security Administration expects to pay
A Help Wanted sign in the Queens borough of New York on June 4, 2021. Spencer Platt | Getty Images News | Getty Images There are 25 states ending their participation in federal unemployment programs early — some as soon as this week. Alaska, Iowa, Mississippi and Missouri will be the first to opt out
Earlier today, the FDA gave its approval to a new Alzheimer’s medication, the first to be approved in nearly 20 years: aducanumab, given the brand name Aduhelm. The wife of one patient, cited in the New York Times NYT credited it with slowing disease progression “enough to allow him to participate in tasks like choosing
Season 3 of The Kominsky Method is now streaming on Netflix NFLX , starring Michael Douglas as an aging actor who owns and operates an acting studio. With apologies for being late* to the party, season one features a story line with massive IRS problems that the fictional Sandy Kominsky and his acting studio must