Martin Luther King Jr. Day is more than a day of celebration of the civil rights leader. As King’s wife Coretta Scott wrote in The Washington Post in 1983, “Let this holiday be a day of reflection, a day of teaching non-violent philosophy and strategy, a day of getting involved in non-violent action for social
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Netflix hit another major milestone on Tuesday when the streaming giant said it topped 200 million subscribers for the first time. CEO Reed Hastings decided to celebrate: so, he ordered dinner from Denny’s. The 60-year-old Netflix co-founder might have an estimated net worth of $5.8 billion, according to Forbes. But Hastings apparently won’t let his
By the end of this year, Disney fans will be able to explore every continent on Earth with the kid-friendly brand. Last week, Adventures by Disney announced the launch of cruises to Antarctica and the Galapagos Islands. The first Antarctica tour is scheduled to depart this year, while the cruises to the Galapagos will begin
A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Retail investing behemoth Charles Schwab beat Wall Street’s profit and revenue expectations for the fourth quarter, the first earnings report following Schwab’s $26 billion acquisition of rival TD Ameritrade. Charles Schwab on
Intel logo exhibited during the Mobile World Congress, on February 28, 2019 in Barcelona, Spain. Joan Cros | NurPhoto | Getty Images Earnings season is here, and Wall Street analysts are calling for another decline amid the pandemic. However, some pros are more optimistic about the fourth quarter earnings season, with Ignacio Cantos, investment director
An 8500 series oil rig ENSCO Elon Musk’s SpaceX bought two deepwater oil rigs last year and is converting them into floating launchpads, to support the enormous Starship rockets that the company is developing. The rigs are in the Port of Brownsville, near SpaceX’s Starship development facility in Boca Chica, Texas. The rigs have been
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs reported fourth-quarter earnings before the opening bell on Tuesday. Here are the numbers: Earnings: $12.08 a share, vs. $7.47 per share expected, according to Refinitiv.Revenue: $11.74 billion, vs. $9.9 billion estimate. Expectations
Brian Moynihan, Bank of America, speaking at the WEF at Davos, January 21, 2020 CNBC Bank of America is scheduled to report fourth-quarter earnings before the opening bell on Tuesday. Here’s what Wall Street expects: Earnings: 55 cents a share, 26% lower than the year-earlier period, according to Refinitiv. Revenue: $20.7 billion, 8.1% lower than
pedrosala | iStock | Getty Images President-elect Joe Biden’s ascension to the presidency will encourage more renewable energy projects in the U.S. International investors are taking note. Greencoat Capital, a global renewables investment manager with $8 billion in assets under management, just announced its first U.S. investment after eight years operating across the U.K. and
Janet Yellen’s journey to become the first female Treasury secretary in U.S. history moved smoothly through a critical Senate hearing Tuesday, with a vote on her confirmation likely to happen before the end of the week. An audience of mostly friendly legislators questioned Yellen across a variety of topics, from taxation to China to climate
The U.S. stock market could roar higher if President-elect Joe Biden is able to smooth out the country’s rocky start to Covid vaccinations, CNBC’s Jim Cramer said Wednesday, just a few hours before the Democrat is sworn into office. “It’s pure chaos. I predicted it would be pure chaos. I never thought it would be
Leon Cooperman Scott Mlyn | CNBC Billionaire investor Leon Cooperman told CNBC on Wednesday he believes the stock market will struggle to generate meaningful returns in the years ahead, following its robust recovery from pandemic-era lows in the last 10 months. “I think the near-term outlook is probably OK. Long term, I think that we’re borrowing from
Jernessa Jones, 39, and her son Kyan Blair, 5, at graduation. Jones graduated with her master’s degree in business administration at the same time Blair graduated from preschool. Jernessa Jones’ next financial goal is twofold – to buy a house and begin to build generational wealth for her 5-year-old son, Kyan Blair. In the last
Democratic candidates for Senate Jon Ossoff (L), Raphael Warnock (C) and US President-elect Joe Biden (R) bump elbows on stage during a rally outside Center Parc Stadium in Atlanta, Georgia, on January 4, 2021. Jim Watson | AFP | Getty Images Wealthy Americans worried about the prospect of higher estate and gift taxes might have
DEA / M. BORCHI | De Agostini | Getty Images Waiving PUA overpayments “It’s up to the states,” said Andrew Stettner, a senior fellow at the Century Foundation. “I am hoping [they] will seek to follow the idea that there are a lot of mistakes made with PUA.” Most states do waive overpayments made through
Chad Springer | Image Source | Getty Images 1. Recognize you are anxious or stressed Pay attention to your body and your emotions. Are you breathing faster? Are you more rushed? Once you recognize you are anxious or stressed, it may help to take a moment and a few breaths before you make a decision,
In his first days in office, President-elect Joe Biden plans to sign an executive order to reopen schools. However, it’s not just a matter of federal funding. Vaccinating teachers remains one of the biggest hurdles to returning kids to classrooms. As Covid-19 cases spike across the country, the Centers for Disease Control and Prevention have prioritized
Protestors call for McDonald’s Corporation to raise wages to a $15 minimum and allow unionization in Fort Lauderdale, Florida, on May 23, 2019. Joe Raedle / Getty Images With Joe Biden’s inauguration as President of the United States, the country is perhaps closer than ever to a $15 federal minimum wage. In a speech last
A customer purchases Powerball lottery tickets for a $700 million jackpot at a newsstand in New York City, August 23, 2017. Brendan McDermid | Reuters The Mega Millions jackpot has continued its march toward $1 billion. With no ticket matching all six numbers drawn Tuesday night, the top prize is now an eye-popping $970 million
Lev Radin/Pacific Press/LightRocket via Getty Images The state would raise the top tax rate to 10.86%, up from 8.82%, Cuomo said. That would yield a top rate of 14.7% for the wealthiest New York City residents in combined taxes. “[It] would be the highest income tax in the nation,” Cuomo said. This is a developing