The Build Back Better social spending bill the House passed this morning includes a long list of important changes aimed at improving the quality of life of older adults. There is much left to be done, and even this bill may be pared back in the Senate. But following the pandemic catastrophe for older adults,
The gig economy is alive and well. Even as COVID-19 upended the typical workforce norms, with more employees gaining the flexibility to work remotely, millions are still choosing to find a way to go into business for themselves. According to the freelancing platform Upwork, 59 million Americans performed freelance work in 2020, with that number
Victor F. “Trey” Trahan III, FAIA, the founder and CEO of Trahan Architects, has been selected as this year’s Laureate of The American Prize for Architecture by both The Chicago Athenaeum: Museum of Architecture and Design and The European Centre for Architecture Art Design and Urban Studies. Trahan Architects is a global architecture firm with
In this article RY4C-IE AIR-FR BMW-DE RR.-GB Rolls-Royce’s all-electric Spirit of Innovation takes to the skies for the first time. Courtesy: Rolls-Royce Rolls-Royce said Friday its electric aircraft had reached a maximum speed of 623 kilometers per hour (a little over 387 miles per hour), with the firm claiming this made the airplane the “world’s
In this article TGT People walk in front of Target store on March 02, 2021 in New York. Emaz | Corbis News | Getty Images Target said Wednesday fiscal third-quarter sales jumped 13% as shoppers bought Halloween costumes, stocked up on back-to-school supplies and kicked off the search for holiday gifts early. The big-box retailer
Lesetja Kganyago, governor of the South African Reserve Bank. Waldo Swiegers/Bloomberg via Getty Images The South African Reserve Bank has fired the starting gun on monetary policy normalization, but economists do not expect the hiking cycle to be plain sailing. The SARB on Thursday hiked its main repo rate by 25 basis points to 3.75%
Speaker of the House Nancy Pelosi, D-Calif., presides over the vote for the Build Back Better Act at the U.S. Capitol on Nov. 19, 2021. Anna Moneymaker | Getty Images News | Getty Images The House of Representatives passed legislation Friday that would curb how wealthy Americans use retirement plans. The new rules are part
CNBC’s Jim Cramer said Friday the recent market underperformance of non-tech stocks gives investors the chance to purchase names that do well when Americans spend their money. “What an opportunity to buy things that are being thrown away left and right,” Cramer said on “Squawk on the Street,” as Dow futures pointed to an over
sturti | E+ | Getty Images It’s a great time to quit your job. Just make sure you have another one to go to. The latest data from the ADP Worker Vitality report found that the “Great Resignation” going on in today’s labor market is still paying off handsomely for those leaving their jobs for
House Democrats on Friday passed their $1.75 trillion spending package with a temporary increase for the limit on the federal deduction for state and local taxes, known as SALT. The bill would boost the limit to $80,000 from 2021 through 2030 before dropping it back to $10,000 in 2031. Without changes, the current $10,000 cap
You’d have to be living in a cave on some uncharted isle to not have heard of Bitcoin. It’s perhaps the most well-known of all the cryptocurrencies. “Cryptocurrency is a form of digital money that is designed to be secure and, in many cases, anonymous,” says Adam Bergman, CEO and Founder of IRA Financial in
Topline The House on Friday passed one of the largest social spending proposals in history to help “restore the middle class” by tackling many of Democrats’ policy priorities—including free universal preschool for children and an expanded child tax credit—and even though the bill will almost certainly undergo changes in the Senate to appease spending-hesitant moderates,
A company that started with one guy trying to help his friend buy a house has just reached $312 million in a mix of debt and equity funding. Founded in 2017, Up&Up, which aims to help renters accrue wealth during the duration of their tenancy, announces today their latest raise of $275 million. Khosala Ventures
Indian start-up Mensa Brands has catapulted to billion-dollar unicorn status in just six months and, in a more rarified feat, is already profitable, its founder told CNBC. The direct-to-consumer brand aggregator this week became the fastest company in India’s history to hit the coveted threshold after closing its $135 million Series B funding round at
In this article BABA Signage for Alibaba Group Holding Ltd. displayed at the company’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Alibaba’s annual 11.11 Singles’ Day online shopping bonanza, one that draws in hundreds of millions of people across the globe, is a more low-key affair this year as the e-commerce giant seeks
An illustration showing physical bitcoins alongside binary code displayed on a laptop. Jakub Porzycki | NurPhoto via Getty Images LONDON — Investors have lost billions of dollars to criminals targeting so-called “decentralized finance” platforms this year. According to a report from London-based firm Elliptic, more than $10 billion worth of user funds has been stolen
When the U.S. announced plans to lift an 18-month-long travel ban in September, Europeans wasted no time making plans — particularly the Brits. In the 24 hours that followed the Sept. 20 announcement, flights from London to New York City were searched 1.4 million times, according to the global travel technology company Travelport, making it
In this article NFLX Netflix logo Mario Tama | Getty Images News | Getty Images John Malone, regarded as one of the shrewdest media investors ever, told CNBC he saw the importance of video streaming to the evolving television ecosystem, even in the early days. In an interview that aired Thursday, the Liberty Media billionaire
lechatnoir | E+ | Getty Images Signing up for Medicare at age 65 doesn’t have to be a forever thing. If you’re among the retirees who are “unretiring” to rejoin the workforce and you are on Medicare, you may have a choice of whether to keep that health-care coverage or drop it until you need
Congress seems to be considering two ways to address the Tax Cut and Job Act’s $10,000 cap on the state and local tax (SALT) deduction. The House version of President Biden’s Build Back Better (BBB) bill would raise the cap to $80,000. An alternative plan, first proposed by the Institute on Taxation and Economic Policy