Few inside or outside Iraq had heard of the “Guardians of the Blood” before the militants claimed responsibility for firing a rocket barrage on the northern city of Erbil that targeted an Iraqi base hosting US troops. The attack, which two weeks ago killed a civilian contractor and wounded an American soldier, provoked President Joe
Investing
The UK will launch its first sovereign green savings bonds, offering retail investors the chance to buy into projects dedicated to greening the economy, such as renewable energy schemes, in its budget this week. A savings bond of an as-yet undetermined size and structure will be offered this year through National Savings & Investments, the
The industrial sector includes companies that produce machinery, equipment, and supplies that are used in construction and manufacturing, as well as those that provide related services. These companies are closely tied to the economy, and their business volume often falls sharply during recessions, though each industrial subsector often performs differently. Well-known companies include Lockheed Martin
Cryptocurrency exchange Coinbase on Thursday filed to become a public company and revealed that its revenue more than doubled last year. According to the filing, Coinbase had net revenue of $1.14 billion in 2020, up from $483 million the previous year. The company also reported net income of $322 million for the year after posting
Whenever I check my emails, a number appears in the top right-hand corner of my computer screen that used to fill me with a horrible sense of despair. It shows how many emails are in my inbox and as I type, I can see there are many thousands of them. Another number on the top
It was a Covid-19 vaccine scandal that graft-weary Lebanon was braced for — yet its brazenness struck a nerve. In the second week of a national vaccine rollout, 16 lawmakers and a handful of staffers were inoculated with the BioNTech/Pfizer jab at the Lebanese parliament; days earlier, president Michel Aoun, his wife and 10 members
Square Inc. (SQ) is a financial services and online payments company that provides hardware and software tools to help businesses run and grow their operations. Among Square’s primary products are: a point-of-sale hardware system; software for payments processing and analytics; Square Card, a free business debit card; and Cash App, a peer-to-peer (P2P) payment service.
Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020. It turned out to be another year during which the billionaire investor shied away from game-changing acquisitions in a pricey market even after a sudden market cash and as his company holds a massive cash balance. Gerald Miller | CNBC As the
Top Senate Democrats are pushing the White House to consider a tax penalty on large companies unless they pay workers $15 per hour, as they scramble to replace the loss of a minimum-wage increase from Joe Biden’s $1.9tn stimulus bill. The last-minute change being sought by senior members of Biden’s party highlights the unrest among
Warren Buffett warned that debt investors faced a “bleak future” days after a sell-off pummelled government bonds and sent reverberations through global stock markets. The 90-year-old chief executive of Berkshire Hathaway told shareholders in his closely followed annual letter that it was best to eschew the fixed-income market, in which the company is itself a
What Is ‘Defund the Police’? “Defund the police” refers to a call for the reallocation of money that currently goes to police budgets in the United States to structural improvements for underprivileged communities. The phrase encompasses a lot of different visions about police reform that include a disinvestment from police budgets, an increased investment into
A sign outside of a facility occupied by TreeHouse Foods in Brantford, Ontario, Canada. Kristoffer Tripplaar | SIPA USA | AP Company: TreeHouse Foods Inc. (THS) TreeHouse Foods Inc. of Oak Brook, Illinois manufactures consumer packaged food and beverages, including a range of shelf-stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad
The House of Representatives has passed a $1.9tn coronavirus relief package, as US president Joe Biden cleared the first big hurdle on the way to securing congressional approval for his economic stimulus bill. The Democratic-controlled House passed the expansive legislation, which includes $1,400 direct payments, an extension of federal top-ups to unemployment insurance, and another
Rishi Sunak is preparing to launch a fund that would channel up to £375m into fast growing UK tech companies that could leave the taxpayer with stakes in dozens of start-ups. The new initiative, called “Future Fund: Breakthrough”, could be announced as early as the Budget on Wednesday, according to three people close to the situation. The tech
Women’s growing career and financial power doesn’t necessarily translate into long-term financial wellness. That’s the takeaway from a Merrill/Age Wave study, “Women & Financial Wellness: Beyond the Bottom Line.” “Women are driving big changes in the labor force, in their communities and workplaces, and in their homes,” said Sheri Bronstein, global human resources executive at Bank
Robinhood fired back at Berkshire Hathaway Vice Chairman Charlie Munger, who earlier this week said the free trading app was having a “regrettable” impact on investors. The longtime business partner of Warren Buffett on Wednesday addressed the running controversy over Robinhood and similar applications, noting dangers from the allure of easy, free trading. “No one
Aung San Suu Kyi’s National League for Democracy party plans to form an “interim government” to rival the country’s military junta and is seeking official recognition for the new body from the US, UK and UN. Sa Sa, an official who has been appointed as the envoy of Myanmar’s disbanded parliament to the UN, outlined
Buy a bottle of beer or a bottle of shampoo and someone, somewhere, will plant a tree on your behalf — that is the latest of the promises consumer brands are making to entice eco-conscious shoppers. Scottish craft brewer BrewDog launched a “buy one, get one tree” initiative this month, pledging to plant one tree
As tax season approaches, you may find yourself wondering what your options are for filing a tax return. There are a couple of items we must address first. When is the tax season? What information do you need to gather before you can file your taxes? Key Takeaways Tax season typically runs from early in
US intelligence has concluded that Saudi Crown Prince Mohammed bin Salman approved an operation in Turkey to “capture or kill” veteran journalist Jamal Khashoggi. The four-page report declassified by the Biden administration and released on Friday said the assessment was based on factors including Prince Mohammed’s “control of decision-making in the kingdom”. The report pointed
Longtime trader Art Cashin told CNBC on Friday that investors should brace themselves for a period of stock market volatility as Wall Street digests rising bond yields. “You have to be very careful. There is a fine line. If the market begins to believe that the Fed has somehow lost control of where the bond
Royal Caribbean’s disclosure this week of a $1bn loss for the fourth consecutive quarter marked the end of a gloomy year since a Covid outbreak on board the Diamond Princess cruise ship brought the industry to a standstill. But investors finally found cause for celebration, pushing the company’s share price up almost 12 per cent
Since their introduction in 1993, exchange-traded funds (ETFs) have exploded in popularity with investors looking for alternatives to mutual funds. Both institutions and individuals could see the benefit of these instruments—a basket of assets designed to track an index—that offered low management fees and higher intraday price visibility. But of course, no investment is perfect,
An artist’s illustration of the difference in size between the company’s Terran 1 rocket, to the left, and the planned Terran R rocket. Relativity Space Relativity Space, the 3D-printing rocket builder, is making another big bet: Developing a fully reusable rocket, designed to match the power and capability of SpaceX’s workhorse Falcon 9 rockets. Called
A woman who left the UK to join Isis in Syria on Friday lost her legal battle to return to contest the removal of her citizenship when the Supreme Court ruled against her in three related legal cases. The ruling overturns a decision by the Court of Appeal in July last year that would have
Some of Britain’s most promising tech businesses are considering stock market listings in the US, amplifying the pressure on the UK to change listing rules at a time when ministers are keen to show an ambitious strategy for the City after Brexit. UK tech businesses, including used car site Cazoo and health app Babylon, are
The most common basic personal finance advice anyone gets is this—max out your 401(k) contributions. But what does that mean? How much is the maximum, and what do you do if you exceed it? And yes, you can exceed it—under certain circumstances. For 2021, the maximum allowed contribution to a 401(k) is $19,500 per year.
Mentions of GameStop increased on Reddit days before shares of the video-game retailer took off again, according to Justin Zhen, co-founder of Thinknum, a tech firm that compiles alternative data sets for investors. “In the last 24 hours, we saw the number of occurrences of mentions for GameStop spike. It actually started spiking about four
A rout in government bonds in international markets due to rising inflation fears eased in Asia on Friday, while global stocks continued their retreat. In early trading in the region, the yield on 10-year US Treasuries fell 0.06 percentage points to 1.456 per cent. The drop came after the yield shot up as much as
On his final day in the White House last month, Donald Trump told a small crowd of supporters at Joint Base Andrews, the military airport, that he had no intention of leaving the stage quietly. “I will always fight for you, I will be watching,” the outgoing president said before boarding Air Force One for