Credit Suisse is still unraveling its positions from the blow up of Archegos Capital Management, traders told CNBC’s David Faber, putting more pressure on a beaten-down media stock. The investment bank was shopping blocks of different classes of Discovery stock on Tuesday, Faber reported. Discovery was one of the stocks that fell sharply in late
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India is keen to advance talks with the European Union (EU) towards an agreement on investment facilitation and protection for mutually beneficial outcome, Commerce and Industry Minister Piyush Goyal said on Tuesday. The minister also emphasised on the need for proportional and simultaneous discussions on both trade and investment so that the two sides have
America’s temporary pause in the use of Johnson & Johnson‘s single-dose Covid-19 vaccine will not interfere with President Joe Biden‘s goal of getting the nation to some semblance of normalcy by Independence Day, the dean of Brown University’s School of Public Health said Tuesday. “I think this is going to be a blip on the
U.S. stock futures were flat in overnight trading on Tuesday ahead of the first batch of corporate earnings. Dow futures fell just 10 points. S&P 500 futures gained 0.03% and Nasdaq 100 futures dipped 0.02%. On Tuesday, the S&P 500 climbed 0.4% to close at a record high. Equities shrugged off the Food and Drug
Longtime crypto bull Meltem Demirors said Tuesday that bitcoin‘s ascent has built wealth for a different kind of investor. The comments on CNBC’s “Squawk Box” came one day before a major milestone for the crypto world is scheduled to take place: Coinbase’s Nasdaq debut. “Here’s what’s great about it for me: Bitcoin has created a
Alex Wong | Getty Images News | Getty Images While the latest Covid stimulus package and a new massive infrastructure bill are the main topics of conversation in Washington of late, President Joe Biden continues to be under mounting pressure to take action on student loan forgiveness, too. Sen. Elizabeth Warren, D-Mass., held a hearing
Luis Alvarez | DigitalVision | Getty Images Ivory Johnson was one of the many financial advisors who were forced to pivot quickly when the pandemic hit the U.S. more than a year ago. In a business that is often relationship-driven, Covid largely put a halt to in-person meetings for advisors, including Johnson. However, the shift
The Insolvency and Bankruptcy Board of India (IBBI) is setting up two online platforms for selling distressed assets under Insolvency and Bankruptcy Code, opening up markets for soured debt involving resolution plans, interim finance and liquidation assets. The move will likely unlock big opportunities amid lockdown restrictions. This will likely make life easy for both
ljubaphoto | E+ | Getty Images New $1,400 stimulus checks are aimed at helping millions of Americans weather the financial difficulties from the Covid-19 pandemic. Yet the legislation that authorized those payments has one big caveat: The funds could be garnished for overdue unpaid debts. That goes for private debts, such as medical bills or
Medical staff watch and advise walk-in patients who received their COVID-19 vaccination at a pop-up clinic at Western International High School on April 12, 2021 in Detroit, Michigan. Matthew Hatcher | Getty Images As U.S. Covid cases rise, the country is also administering vaccine shots at the swiftest pace ever. Cases are on the rise
Westend61 | Westend61 | Getty Images Unemployment and stocks Older workers generally have a harder time finding work during downturns than younger cohorts. More than half (54%) of the 1.7 million unemployed workers age 55 and over are long-term unemployed, according to AARP, an advocacy group for older Americans. (Economists consider long-term unemployment to be
A person takes a photo in front of a piece by Mashkow, during a press preview on March 25, 2021 of the grand opening of Superchief Gallery NFT, a physical gallery dedicated exclusively to NFT (non-fungible tokens) artwork in New York. Timothy A. Clary | AFP | Getty Images Sales of digital nonfungible tokens soared
The Coinbase cryptocurrency exchange application seen on the screen of an iPhone. Getty Images Bitcoin surged to a fresh record high of more than $63,000 on Tuesday, as investors awaited the highly-anticipated stock market debut of cryptocurrency exchange Coinbase. The price of bitcoin climbed as high as $63,236, according to data from Coin Metrics, before
The government has netted Rs 10.71 lakh crore as collections from indirect tax – including GST and non-GST – for FY21, which is 12% higher than actual revenue receipts of Rs 9.54 lakh crore for FY20. The finance ministry said in a statement that the provisional collections represent 108.2% of the Revised Estimates of Rs
A shopper browsing through secondhand clothes at a pop-up swap event in Singapore. CATHERINE LAI | AFP | Getty Images LONDON — The future of physical stores has been called into question by the coronavirus pandemic, but experts believe the key to survival will be reinvention. For some time now, retailers have tried to attract
A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. Aly Song | Reuters GUANGZHOU, China — Alibaba shares in Hong Kong jumped nearly 4% at the open on Tuesday after regulators ordered the e-commerce giant’s financial technology affiliate Ant
People walk by the New York Stock Exchange (NYSE) on the morning that the music streaming service Spotify begins trading shares at the NYSE on April 3, 2018 in New York City. Spencer Platt | Getty Images The New York Stock Exchange announced Monday it would launch “First Trade” NFTs, to memorialize the true first
Even as cases of Covid-19 is going up, the procurement of wheat has gained pace with purchase starting in Punjab from April 10. So far 29.24 lakh tonnes of wheat have been procured with disbursement of Rs 5,775.20 crore benefitting 3.3 lakh farmers. According to reports of Food Corporation of India, the central agency which
A FedEx employee loads up deliveries in San Francisco. Getty Images A progressive group pushing Congress to raise the corporate tax rate is launching an ad campaign targeting FedEx and Nike, two large American companies with light federal tax bills, the group said Monday. Tax March, which held dozens of demonstrations in 2017 calling on
The view from Northrop Grumman’s MEV-2 spacecraft as it approached to dock with Intelsat satellite IS-10-02. Intelsat Two aerospace firms accomplished an industry first on Monday, as a small Northrop Grumman spacecraft docked successfully with an active Intelsat satellite to provide service and extend its life. Intelsat’s IS-10-02 satellite is nearly 18 years old, and
A sign is posted in front of the NVIDIA headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan/Getty Images Nvidia stock closed up 5.62% on Monday after the company announced several new products and told investors that it expected its first-quarter income to surpass previous estimates. Nvidia said revenue in its fiscal first
There are probably a ton of people who got unemployment who rushed to file. People are still in panic mode and wanted a refund as soon as possible. Albert Campo certified public accountant State taxes Taxpayers may not be so lucky at the state level. For one, a dozen states aren’t offering the federal tax
An artist’s rendering of a DRACO spacecraft. DARPA The Pentagon’s research and development arm on Monday awarded a trio of companies with contracts to build and demonstrate a nuclear-based propulsion system on a spacecraft in orbit by 2025. General Atomics, Lockheed Martin and Jeff Bezos’ space venture Blue Origin won the Defense Advanced Research Projects
Jose Luis Pelaez Inc | DigitalVision | Getty Images Ever wonder how your nest egg fares in comparison to your neighbors’? From state to state, the median amount — half fall above, half below — that retirement savers have earmarked for their golden years ranges from about $83,500 in Mississippi to $177,500 in Washington, according
If you haven’t filed your 2020 tax returns yet, you’re in luck — you have more than a month to get your paperwork to the IRS. The IRS moved the filing deadline this year for individual returns to May 17 from April 15. In addition, May 17 is also the last day to contribute to
The government on Monday said it has approved Rs 128.66 crore worth of highway projects in Goa. The eight projects are for building 39.7 km of highways in the state. “Ministry of Road Transport and Highways has sanctioned 8 projects of 39.7 km worth Rs 128.66 crore for the state of Goa,” Road Transport and
Bochnia Hospital paramedics wear protective equipment as they transport a patient suffering of COVID-19 to a local hospital on March 17, 2021 in Bochnia, Poland. Omar Marques | Anadolu Agency | Getty Images The World Health Organization said Monday the trajectory of the coronavirus pandemic is now “growing exponentially,” with more than 4.4 million new
Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch The pending Coinbase direct listing, scheduled for Wednesday on the Nasdaq under the symbol COIN, is exciting a broad base of the investment community outside the usual cryptocurrency crowd. “Coinbase is going to blow people’s minds,”
A year into the pandemic, some Americans are still confused as to why they received less stimulus check money than they anticipated and, in some cases, no money at all. If that’s you, there’s good news: A recovery rebate credit on this year’s tax return will let you submit your claim for those funds. Remember,
Since launching more than a decade ago, robo-advisors–online investment services that offer financial advice driven by algorithms–have grown into an industry that managed $460 billion in 2020. That’s a 30% increase compared to 2019. Some analysts predict robo-advising will become a $1.2 trillion industry by 2024. “Investors historically have had two options when it comes
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