Royal Caribbean’s Quantum of the Seas cruise ship docked at Singapore’s Marina Bay Cruise Centre on Dec. 9, 2020. Rosanna Lockwood | CNBC SINGAPORE — The Singaporean passenger who tested positive for Covid-19 onboard a cruise ship has subsequently tested negative for the disease, according to Singapore’s health ministry. The passenger, an 83-year-old man, was
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With the launch of its IPO Wednesday, food delivery service DoorDash is on the verge of being valued at up to $32 billion. For CEO and co-founder Tony Xu, that lucrative public offering would make him a billionaire at just 36 years old. Xu owns a stake of about 5% of the company he co-founded
U.S. stock index futures were little changed in overnight trading on Wednesday as investors continued to assess progress on additional stimulus measures, as well as developments on the Covid-19 vaccine front. Futures contracts tied to the Dow Jones Industrial Average gained two points while S&P 500 futures were flat. Nasdaq 100 futures fell 0.1%. During
A sign for BlackRock Inc hangs above their building in New York. Lucas Jackson | Reuters BlackRock has raised equities to overweight for 2021, based on its view that the restart of the economy will accelerate with the distribution of vaccines. The firm is raising equities from neutral on a tactical basis, meaning over a
Al Drago | Bloomberg | Getty Images A bipartisan Senate relief package would pay a $300 weekly boost to unemployment benefits for 16 weeks and extend jobless aid for millions of workers set to lose benefits at year’s end, according to a summary of the legislation issued Wednesday. The $908 billion bill, the Bipartisan Emergency
getty Over the past quarter-century, the American labor market went through a quiet transformation. The share of workers 55 or older more than doubled, rising from 12% in 1995 to nearly 25% in 2020. At no point in U.S. history have older workers been more essential, and economists predict the trend to continue. Yet this
Topline To avert a looming government shutdown this weekend, the House of Representatives Wednesday passed a continuing resolution that will keep the government running and give lawmakers more time to pass a comprehensive coronavirus relief bill and a $1.4 trillion omnibus budget bill for the 2021 fiscal year. House Majority Leader Steny Hoyer (D-MD) talks
Billionaires Elon Musk, Jeff Bezos and Bill Gates all live in states that don’t collect income tax. Credit: Saul Martinez/Getty Images, Michael Prince for Forbes, Chesnot/Getty Images Tesl TSLA a CEO Elon Musk has moved his primary residence from California to Texas, according to reports on Tuesday, which means the three richest people in American—Musk,
Whether workers get a windfall from Uncle Sam or wind up owing taxes mostly comes down to filling out one form correctly – and few people are doing it. In fact, 45% of the people polled by the American Institute of CPAs said they don’t know when they last reviewed the amount of tax withheld
Delta Air Lines Airbus A330 aircraft as seen on final approach in Amsterdam Schiphol International Airport in the Netherlands. NurPhoto | NurPhoto | Getty Images Delta Air Lines is getting rid of $200 international ticket change fees, joining American Airlines in the measure that aims to spur travel demand that has been decimated in the
President of the European Central Bank (ECB) Christine Lagarde reacts during a meeting prior’s to attend a European Parliament’s Committee on Economic Affairs at the EU Parliament, in Brussels, on September 4, 2019. JOHN THYS | AFP | Getty Images The European Central Bank is set to expand its massive stimulus program Thursday as the
Tesla and SpaceX founder Elon Musk says the biggest problem with corporate America today is that too many business school graduates are running the show. “I think that there might be too many MBAs running companies,” Musk said Tuesday at the WSJ CEO Summit. This “MBA-ization of America,” isn’t great, Musk said, especially when it comes
CNBC’s Jim Cramer said Wednesday he believes there is “rabid money” interested in upcoming technology IPOs, but he urged young investors not to chase after DoorDash once the third-party delivery company goes public. “When people know the brand, the younger inventors just say, ‘You know what, get me some,'” Cramer said on “Squawk on the Street,” “DoorDash
It appears that lawmakers on both sides of the aisle are in favor of extending the student loan forbearance. Al Drago/Bloomberg via Getty Images Student loan borrowers may not have to worry about their monthly bills until at least May of next year. In a summary of bipartisan legislation circulated on Wednesday that could become
If you are considering large gifts and you’re able to use your IRA, there’s no more tax-efficient … [+] gift you can make. getty Every December, our attention turns to holiday celebrations and gift-giving, and while the pandemic may impact family gatherings in 2020, it’s still a wonderful time of year. It’s also a natural
Among the early decisions that President-elect Joe Biden will need to make is how to clean up the … [+] payroll tax deferral mess that he will inherit from President Trump. Biden has several options, but some require Congressional action and none are particularly attractive. AFP via Getty Images Among the early decisions that President-elect
A report by the Proceedings of the National Academy of Sciences has explored the geography of insecure water access across the United States, remarking that safe, reliable, and equitable water access is a fundamental human right that proves critical to both health and livelihoods. Interestingly, the U.S. still has major problems when it comes to
A test tube labelled vaccine is seen in front of AstraZeneca logo in this illustration taken, September 9, 2020. Dado Ruvic | Reuters LONDON — The coronavirus vaccine developed by British pharmaceuticals giant AstraZeneca, in collaboration with the University of Oxford, is the first to have its late-stage trial results independently reviewed and published in
Jane Fraser’s appointment as the first woman CEO of a major Wall Street bank was a huge feat, not only personally but also for others hoping to balance professional ambitions with their private lives. But she is adamant other career-climbers can have it all too — perhaps just not all at once. Fraser was named
U.S. stock futures were flat in overnight trading on Tuesday, building on recent strength that’s pushed the major averages to record highs. Dow futures rose 34 points. S&P 500 futures and Nasdaq 100 futures rose 0.12% and 0.1%, respectively. Fueling the rally is optimism about the U.K.’s rollout of Pfizer’s Covid-19 vaccine on Tuesday. Hope