Ford CEO Jim Farley takes off his mask at the Ford Built for America event at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT – Ford Motor is expected Wednesday to report a profit for the first quarter despite an ongoing semiconductor chip shortage that has
Month: April 2021
U.S. stock index futures were higher in overnight trading on Wednesday, after the major averages posted losses for the day. Futures contracts tied to the Dow Jones Industrial Average gained 15 points. S&P 500 futures advanced 0.2%, while Nasdaq 100 futures rose 0.5%. Apple and Facebook’s strong quarterly results boosted futures. Apple said that sales
Facebook co-founder Chris Hughes told CNBC on Wednesday he believes the U.S. government should take a more active role in building an economic system that delivers broad prosperity. In an interview on “Squawk Box,” Hughes said the new kind of capitalism he envisions is hardly an outlier position following decades of widening disparities between rich and
As part of a massive new spending package, President Joe Biden is calling on Congress to enact legislation to allow students to enroll in community college at no cost. The administration’s American Families Plan calls for $109 billion to make two years of community college free for all students in addition to a roughly $85-billion
President Joe Biden speaks in the Eisenhower Executive Office Building in Washington, D.C., on Wednesday, April 7, 2021. Leigh Vogel | Bloomberg | Getty Images President Joe Biden will formally unveil his new tax plan during his first presidential address on Wednesday that includes a key campaign promise — no one making $400,000 or less
Heirs and hedge fund managers might take a hit, but tens of millions of families and lower-paid young singles will come out ahead with fatter tax credits. President Biden will lay out his $1.8 trillion American Families Plan on Wednesday in his first address to a joint session of Congress on the eve of his
Most people don’t buy a home thinking they’ll only live in it for a year or two, but it happens—more often than you might think. Families expand, financial situations change, jobs require relocation, and sometimes you simply get an offer that you can’t refuse. Packing up and moving yet again in a short time span
An unpainted Boeing 737 MAX aircraft is seen parked in an aerial photo at Renton Municipal Airport near the Boeing Renton facility in Renton, Washington, U.S. July 1, 2019. Picture taken July 1, 2019. Lindsey Wassen | Reuters Boeing on Wednesday said it has paused deliveries of its 737 Max after an electrical issue grounded
In this article BA A Boeing 737 MAX jet lands following a Federal Aviation Administration (FAA) test flight at Boeing Field in Seattle, Washington on June 29, 2020. Jason Redmond | AFP | Getty Images Boeing is set to report first-quarter results before the bell on Wednesday as investors look for clues about the pace
The Federal Reserve on Wednesday declined to let up on its easy-money policy despite an economy that it acknowledged is accelerating. As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month. The latter part of policy is a two-pronged
Ether, the second largest cryptocurrency by market value after bitcoin, hit a record high on Wednesday – but despite its rally, “it’s always going to be No. 2” next to bitcoin, investor Kevin O’Leary tells CNBC Make It. “I just believe that to be the case. Bitcoin will always be the ‘gold.’ Ethereum will always
In this article ENPH Solaray Director Jonathan Fisk moves a solar panel at the solar power installation company’s Sydney facility. Jason Reed | Reuters Shares of Enphase Energy dipped more than 14% on Wednesday after the company warned about the ongoing impacts of the chip shortage. For the first quarter the company, which makes microinverters
Drew Angerer | Getty Images News | Getty Images Investors fearful of President Joe Biden’s proposal to raise taxes on capital gains might be thinking about making a knee-jerk stock sale. Doing so may inadvertently trigger another investment tax, according to financial advisors. And it’s one that kicks in at a low level of income
Monkeybusinessimages | Getty Images Low- and middle-income families could get major child-care assistance under President Biden’s tax plan. The $1.8 trillion spending and tax credit plan set to be announced by Biden Wednesday night would spend $225 billion over a decade towards high-quality child care for children under the age of 5 and would ensure
Prince’s estate and the legal actions following his death deliver important estate planning lessons to most of the rest of us. Prince Rogers Nelson, the entertainer known generally as Prince, was a successful musician, entertainer, and record producer. He died at age 57 and left a valuable and complicated estate that was made more complicated
My passions in life include family, cooking, board games, taxes, and small businesses. However, sometimes small businesses struggle to be heard by Congressional leadership is over lobbyists for large multinational corporations. After all, if I am operating a small business in Upstate New York what is the best way to make sure my view is heard with
Mother’s Day is almost here and those of us who haven’t seen our mothers in a long time probably want to buy them special. So why not express your love and appreciation for everything she does with the gift of décor? Whether it’s something she’ll use or see every day or reserve for special occasions,
Brian Cornell, Chairman and Chief Executive Officer of the Target Corporation. Anjali Sundaram | CNBC When George Floyd was killed a year ago, Target CEO Brian Cornell said he was shaken by the murder. He was troubled it happened so close to the company’s headquarters in its hometown. For the retail chief, it felt personal.
In this article GOOGL Sundar Pichai, chief executive officer of Google Inc. Bloomberg | Getty Images Alphabet reported on Tuesday its first-quarter results. Here’s how Google’s parent company fared in the quarter relative to what Wall Street analysts polled by Refinitiv expected: Earnings: $26.29 per share vs. $15.82 per share expected Revenue: $55.31 billion vs. $51.70
U.S. stock futures were flat in overnight trading on Tuesday as investors digested major technology earnings and geared up for the latest Federal Reserve policy announcement. Dow futures rose about 50 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures rose 0.1%. Google parent Alphabet reported better-than-expected earnings after the bell on Tuesday, sending
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