In this article ANTM An employee walks through the campus of the Ant Group Co. headquarters in Hangzhou, China, on Wednesday, Jan. 20, 2021. Qilai Shen | Bloomberg via Getty Images Months after the sudden suspension of Ant Group’s highly-anticipated dual listing, China’s financial technology companies are facing difficulties trying to go public in the
The 60 largest commercial and investment banks have collectively financed $3.8 trillion in fossil fuel companies between 2016 and 2020, the five years since the Paris Agreement was signed, according to a report published in March from a collection of climate organizations titled Banking on Climate Chaos 2021. But that number is not the full story:
SpaceX’s Crew Dragon “Endeavour,” atop the company’s Falcon 9 rocket, leaves the SpaceX integration hangar adjacent to NASA Kennedy Space Center’s Launch Complex 39A for rollout to the launch pad on April 16, 2021. SpaceX SpaceX is set to make history, as Elon Musk’s space company prepares to launch the Crew-2 mission for NASA on
chanakon laorob | iStock | Getty Images Student debt can impact so many aspects of a person’s life, from the careers they pursue to if and when they’re able to purchase a home. So it’s no wonder that a lot of people feel stuck in limbo as President Joe Biden and other elected officials debate
It’s common knowledge in real estate circles that Jay Leno and his wife of 40 years, Mavis, bought a Newport, R.I., mansion for $13.5 million in 2017. But the story of how the former “Tonight Show” host found Seafair, a 15,861-square-foot Louis XIV inspired chateau, is less known. Seafair was designed and built by British
The Washington Post reports that business lobbyists are quietly trying to kill President Biden’s efforts to increase federal spending on Medicaid home and community-based (HCBS) long-term care services. The reason: The White House wants to fund the $400 billion increase—part of the president’s $2.2 trillion infrastructure spending program— by raising corporate taxes. And make no
As more and more people get Covid-19 vaccinations, it is becoming increasingly possible to return to pre-pandemic group activity—restaurants, movie theaters, baseball stadiums, concerts—and office work. So don’t assume you can work at home indefinitely. It will depend on your job, your company’s workplace culture, and your boss. During the pandemic’s height, journalists speculated that office work was dead, shifting
In this article FB Investors selling stocks in reaction to the Biden administration’s rumored plan to hike taxes on investments are making a mistake, CNBC’s Jim Cramer said Thursday. “Please, do not fear the taxman. Don’t fixate on where a stock came from, only think about where it might be going,” the “Mad Money” host
In this article INTC VMware CEO Pat Gelsinger speaks at the company’s VMworld conference in San Francisco in 2012. Kim Kulish | Corbis News | Getty Images Intel sales were essentially flat and profit dropped in the first quarter of 2021 in CEO Pat Gelsinger’s first quarterly report at the helm. Intel’s earnings per share
Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE Futures contracts tied to the major U.S. stock indexes ticked higher at the start of the overnight session as investors prepared to end a down week for equities amid concerns the White House could seek a hike to the
An aerial view of the Rockybrook Estate in Delray Beach, Florida Douglas Elliman Ten days after closing the year’s most expensive mansion sale in Delray Beach, Florida for $19 million, luxury real estate broker Senada Adzem got an unexpected phone call. “The buyer called me to say they would be selling the home. Honestly, we
In this article XOM Activist investor and newly appointed Exxon board member Jeff Ubben is building his stake in the company on the belief that the oil giant will be integral to the energy transition. “I am,” he said Thursday on CNBC’s “Squawk on the Street” when asked if he was planning to buy more
Al Drago | Getty Images President Joe Biden is expected to propose doubling the tax rate wealthy Americans pay on investment returns when they sell stocks and other assets. But investors shouldn’t necessarily rush for the exits, according to financial experts. Under Biden’s proposal, the federal capital-gains tax rate would be as high as 43.4%
Corcoran is growing its luxury real estate brand through franchising. The name Corcoran is long synonymous with luxury real estate. Founded in 1973 by Barbara Corcoran the brokerage firm originally served New York City, the Hamptons, and South Florida. Today it is part of the Realogy group of real estate companies. In 2002 Barbara Corcoran
By Richard Haiduck, Next Avenue Gen Z digital natives have grown up comfortable in a world of technology, but they can also benefit from wisdom that comes from experience. Combining the expertise of Gen Z and boomer generations could be a new formula for a startup business to succeed. At least that’s what I’m finding in
Radoslav Zilinsky | Moment | Getty Images Scientists at Texas A&M University’s Global Health Research Complex say they’ve detected a new Covid-19 variant that shows signs of a more contagious strain that causes more severe illness and appears to be resistant to antibodies. The new variant, BV-1, named after its Brazos Valley origin, was found during
A Southwest Airlines jet leaves Midway Airport on in Chicago, Illinois. Scott Olson | Getty Images Southwest Airlines on Thursday said leisure travel bookings continue to rise and that it expects to break even “or better” by June. The Dallas-based airline posted first-quarter net income of $116 million, compared with a $94 million loss a
Chinese President Xi Jinping Aris Messinis | Pool | Reuters BEIJING — Chinese President Xi Jinping called Thursday for countries to work together, while respecting their different responsibilities on reducing carbon emissions. Xi made the remarks at a U.S.-led climate summit. The Chinese leader’s roughly five-minute remarks via video conference were the first from the
Christine Lagarde, President of the European Central Bank (ECB), addresses the media during a news conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on December 12, 2019. Daniel Roland | AFP | Getty Images Christine Lagarde, the president of the European Central Bank, paid tribute to
kate_sept2004 | E+ | Getty Images A sixth batch of $1,400 stimulus checks has gone out, bringing the total number of payments sent to date to about 161 million. More than $379 billion has been sent to Americans via direct payments since distribution began in March. The latest set includes around 2 million checks worth