The WallStreetBets forum on the Reddit Inc. website on a laptop computer and the logo on a smartphone arranged in Hastings-On-Hudson, New York, U.S., on Friday, Jan. 29, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Shares of Rocket Companies rallied more than 20% Tuesday in a surprising move on no apparent new news. The
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The US has delivered more than 100m doses since the rollout of coronavirus vaccines began late last year, hitting the milestone just as Johnson & Johnson began sending out its first shipments. There have been 102.4m doses delivered as of early Tuesday, up from 96.4m the day before, according to the Centers for Disease Control
The US is working with Japan, India and Australia to develop a plan to distribute Covid-19 vaccines to countries in Asia as part of a broader strategy to counter China’s influence. The White House has held discussions with other members of the Quad, a diplomatic and security initiative between the countries, in recent weeks, according
If you’re looking into tax-advantaged ways to save money, you may have been hearing about HSAs. A Health Savings Account, or HSA, is a savings account with a unique triple tax benefit. Contributions reduce taxable income, their growth within the account is tax-free, and qualified withdrawals (that is, ones used for medical expenses) are also tax-free. But one-size
Japanese billionaire entrepreneur Yusaku Maezawa speaks at SpaceX’s headquarters in Hawthorne, California. Michael Sheetz | CNBC Japanese billionaire Yusaku Maezawa announced on Tuesday that he will choose eight members of the public to join him on his trip around the moon, scheduled to fly on SpaceX’s Starship rocket in 2023. “I’m inviting you to join
Northern Ireland has laid out a cautious plan for easing its nine-week-old lockdown that is likely to keep the region’s non-essential retail outlets, drink-focused pubs and leisure industries shuttered for longer than those in England. In a 16-page summary document published Tuesday evening, the Stormont government stressed that the earliest easing would focus on families
Huawei Technologies has notified its suppliers that its smartphone component orders will fall by more than 60 per cent this year, Nikkei has learnt, as US sanctions continue to bite. Huawei has notified suppliers that it plans to order enough components for 70m to 80m smartphones this year, according to people at multiple suppliers. The
Neighborly, the world’s first Community Investment Marketplace enables you to “invest in the change you want to see in the world.” The issuance of bonds to fund community projects is not a new phenomenon in the United States. For over 200 years, trillions of dollars have been funneled into neighborhood projects to build anything from
A Spire satellite pictured in orbit. Spire Global Small satellite builder and data specialist Spire Global is planning to go public, announcing on Monday that it is the latest among multiple space companies to merge with a SPAC. Spire Global is merging with special purpose acquisition company NavSight. When the deal closes, which is expected
BGC Partners, the interdealer broker, has started legal proceedings against two former associates after discovering what it called a theft of $35.2m from funds the company set aside for UK tax payments. The Wall Street firm, which is run by the hard-charging Howard Lutnick, first warned that the funds were missing when it released fourth-quarter
Hertz has received a $4.2bn rescue offer from a group of travel industry investors that aims bring the car rental company — which has been battered by the pandemic — out of bankruptcy. The proposal from investment firms Knighthead Capital Management and Certares Management, which set up a fund last year with affiliates to buy
For many investors, the allure of precious metals is hard to resist—most notably, gold. It is one of the most sought-after and popular investments in the world because it can offer lucrative returns in any investment portfolio. Gold is generally considered to be a safe investment and a hedge against inflation because the price of
Asia-Pacific equities fell after China’s banking regulator voiced concern over bubbles in foreign markets, a day after Wall Street posted its best performance in almost nine months. Hong Kong’s benchmark Hang Seng index dropped 1.6 per cent on Tuesday, reversing initial gains, while China’s CSI 300 index of Shanghai- and Shenzhen-listed stocks shed 2 per
Yellow Dog Prod. | Image Bank | Getty Images After a wild final week of a volatile month, it’s becoming increasingly clear that something is spooking investors. That something is the potential for a surge in inflation later this year. Investors are justifiably concerned that the combination of sustained Fed interest-rate suppression and trillions in
Nio, China’s leading challenger to Tesla, warned that battery and chip supply constraints would limit production as the electric vehicle maker tries to sustain sales growth amid fierce domestic competition. New York-listed Nio’s revenue rose to Rmb6.64bn ($1.02bn) in the fourth quarter, up 46.7 per cent from the preceding three-month period, the company said after
In estate planning, Canadians don’t have to contend with an estate tax the way U.S. citizens do. However, what many people don’t realize is that a “deemed disposition tax” applies when you die. In this article, we’ll provide tips on minimizing your estate’s exposure to this tax and structuring your estate plan to ensure your
A visual representation of digital currencies. Yuriko Nakao | Getty Images New York Attorney General Letitia James sent a blistering warning to investors and industry members about the dangers of cryptocurrencies on Monday. “We’re sending a clear message to the entire industry that you either play by the rules or we will shut you down,”
As the UK looks at radical proposals such as dual-class share structures to encourage start-ups to list their companies in London, the US and Silicon Valley have already been there, and are now going much further in helping entrepreneurs, employees and their VCs to monetise stakes. Miles Kruppa in the Big Read looks at the
The US risks losing its superiority in semiconductors that are critical for commercial and military success because of its reliance on Taiwanese chip manufacturers, a congressionally mandated commission has concluded. After a two-year study, the National Security Commission on Artificial Intelligence said the US needed to build a “resilient domestic base” for designing and making
Having your home purchase offer accepted is like getting that runner’s high during a marathon. But hold the champagne—the property isn’t yours just yet. After your purchase offer is accepted and before you get the keys—commonly referred to as escrow—there are many hurdles to overcome. If you stumble on any of them, the purchase may
Nicolas Sarkozy, the former French president, was found guilty of corruption and influence peddling by a Paris court on Monday and sentenced to three years in prison, two of them suspended. Sarkozy, who had maintained his innocence, is the second French president in a decade to be convicted after leaving office. The late Jacques Chirac
Rocket Lab CEO Peter Beck stands with one his company’s Electron rockets. Rocket Lab Rocket Lab, the leader among companies building small rockets to launch satellites, is going public through a SPAC merger that values the company at more than $4 billion when the deal closes. The company is combining with Vector Acquisition, a special
Global equities kicked off the week in rally mode as bond markets steadied after wild swings last week. In Europe, both the region-wide Stoxx 600 and London’s FTSE 100 benchmarks were up 1.4 per cent in afternoon trading on Monday. Frankfurt’s Xetra Dax added 1 per cent and CAC 40 in Paris was up 1.3
Evaluating the return of an investment without regard to the risk taken offers very little insight as to how a security or portfolio has really performed. Every security has a required rate of return, as specified by the capital asset pricing model (CAPM). The Jensen index, or alpha, is what helps investors determine how much
Whoever succeeds Kevin Sneader at the helm of McKinsey should give Goldman Sachs boss David Solomon a call. Though Goldman is a listed bank and McKinsey a privately owned consultancy, they have much in common. Both have long enjoyed high standing — envied by peers, aspired to by the smartest job-seeking graduates and seen by
ANZ will write down the value of its holding in its Malaysian affiliate after AmBank reached a settlement with Kuala Lumpur over the multibillion-dollar 1MDB embezzlement scandal, potentially clearing the way for a stake sale. The Australian bank said on Monday that it would take a A$212m ($164m) haircut on the carrying value of its
Different types of companies may enter into futures contracts for different purposes. The most common reason is to hedge against a certain type of risk. Companies may also trade futures for speculative purposes. Hedging Companies may use futures contracts to hedge their exposure to certain types of risk. For example, an oil production company may
The US has appealed against a court decision declaring a moratorium on evictions unlawful, the justice department said at the weekend. Brian Boynton, acting assistant US attorney general for the civil division, said the department disagrees with the February 25 decision by a Texas district court that the Centers for Disease Control and Prevention’s eviction
Six people in the UK have been infected with a strain of coronavirus linked to a surge in cases in Brazil, including one person whom the British authorities have not yet been able to trace. Revealing the Brazil variant has been found in the UK for the first time, Public Health England said on Sunday
A health flexible savings account, or health FSA, is an account that you contribute money to where the funds are dedicated to medical expenses, such as deductibles and copays. In 2021, you can contribute up to $2,750 to your health FSA, but that money must be spent during the plan year. A grace period and a run-out period are