In this article POSH Rafael Henrique | LightRocket | Getty Images Poshmark on Wednesday reported first-quarter revenue growth of 42%, as consumers turned to the secondhand site to refresh their wardrobes without breaking the bank. “There’s a real meaningful shift as people are preparing for reopening,” said Manish Chandra, founder and Chief Executive, in a
In this article @DJ.1 @SP.1 @ND.1 A passenger wears a protective mask at the Wall Street subway station in New York, on Monday, March 30, 2020. Michael Nagle | Bloomberg via Getty Images Futures contracts tied to the major U.S. stock indexes held steady at the start of the overnight session Wednesday, just hours after
Samuel Corum/Bloomberg via Getty Images There’s still time to make health savings account contributions for 2020. Those with high-deductible health plans have until the extended tax-filing deadline, May 17, to make HSA contributions for 2020. Self-only plans allow deposits of up to $3,550, while those with family coverage may save as much as $7,100. This
Tara Moore | Getty Images Social Security beneficiaries could be in for a bigger cost-of-living adjustment next year, if current economic trends continue. But just how much farther an increase to those monthly benefit checks will go will depend a lot on inflation. The Senior Citizens League, a nonpartisan senior group, released its first official
kate_sept2004 | E+ | Getty Images A new batch of $1,400 stimulus checks has been issued to Americans, bringing the total number of payments sent to about 165 million, or $388 billion. This marks the ninth set of payments since the $1,400 stimulus checks were authorized by Congress in March. The checks are for up
The Internal Revenue Service has announced new, higher contribution limits for health savings accounts for 2022. Are you maxing out these benefits? At the end of January, Americans held $82.2 billion in 30 million health savings accounts, according to HSA advisory firm Devenir. That’s a year-over-year increase of 25% for HSA assets and a 6%
Real estate investors know that not every purchase they make is going to be a win. In a few cases, you’ll end up with a dud, where a property that looked good at first ends up being more trouble than it’s worth once you’ve bought it. This is why no investor should go into a
Ariel Skelley | DigitalVision | Getty Images A lack of paid leave and access to quality child care has long been an issue for working parents in the U.S., advocates argue. The coronavirus pandemic has only exacerbated the issue, with some parents — mainly women — ditching their jobs to care for their kids. A
The federal agency that regulates nursing homes, the Centers for Medicare and Medicaid Services (CMS), will require facilities to publicly report covid-19 vaccination rates for staff and residents starting May 21. The rule is likely to press operators to boost staff vaccine rates to at least the 75 percent rate that industry trade groups have
People take breakfast at Bill Smith’s Cafe, after Texas Governor Greg Abbott issued a rollback of coronavirus disease (COVID-19) restrictions in McKinney, Texas, March 10, 2021. Shelby Tauber | Reuters The restaurant industry is poised for a roaring comeback this summer, but understaffed eateries could dampen growth. One potential solution for business owners: hire more
The logo of MoneyGram seen at a sore in San Ramon, California, on March 26, 2019. Smith Collection | Gado | Getty Images MoneyGram will let people in the U.S. withdraw their cryptocurrency holdings in cash, marking another step from mainstream financial institutions toward acceptance of nascent digital currencies. The money transfer firm said Wednesday
Kevin O’Leary is bullish on the future of NFTs, or nonfungible tokens. “I haven’t bought any yet. I’m waiting to see when the volatility of the pricing changes,” O’Leary, chairman of O’Shares ETFs, told CNBC Make It in April. But “this has legs. It’s going to work.” NFTs are unique digital assets that are represented
In this article DPZ Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire hedge fund manager Bill Ackman said his Pershing Square built a 6% stake in Domino’s Pizza, swapping out its Starbucks bet. Ackman revealed his hedge fund sold Starbucks after the coffee chain’s swift rebound from the
President Joe Biden makes remarks on the economy and the Colonial Pipeline network cyber attack on May 10, 2021 in the East Room of the White House in Washington, DC. Nicholas Kamm | AFP | Getty Images President Joe Biden‘s plan to tax the wealthy may trigger a shift in charitable giving strategies. The administration
Why is it hard to stop inflation? Because it creates so many winners. Down in Washington they’re printing money like ink is going out of style. Possible consequence: People spend the money, bidding up the prices of cars, lumber and semiconductors. We might get high inflation, high being something more than the target rate of
Amit Haller is the Co-Founder & CEO of Reali, a high-tech, high-touch real estate company founded in 2016. When homebuyers make the largest financial decision of their lives, they want the best options that take the pain out of the real estate process. They’re ready to focus on the details that matter most to them —
As recounted on Twitter and the Illinois politics website Capitol Fax, Chicago’s Mayor Lori Lightfoot had some strong words on pensions at last week’s investor conference: “We’ve really struggled to get Springfield to pay attention to pensions. . . The problem is not going away, it’s only going to intensify. At some point it’s my
A Covid-19 coronavirus patient rests inside a banquet hall temporarily converted into a Covid care centre in New Delhi on May 10, 2021. Arun Sankar | AFP | Getty Images India’s daily Covid-19 death toll hit another record high on Wednesday, as the World Health Organization said the country accounted for half the total reported
In this article OPEN FUBO EA The fuboTV logo is hung from the New York Stock Exchange on the day of its IPO in the Manhattan borough of New York City, New York, U.S., October 8, 2020. Carlo Allegri | Reuters Check out the companies making headlines after the bell on Tuesday: Electronic Arts —
Luis Alvarez | DigitalVision | Getty Images The April jobs report has ignited controversy over what some see as competing interests: unemployment benefits and returning to work. But there’s a way to get both — including the extra $300 a week. “The $300 is what will attract people back to work,” Susan Houseman, research director