Business

A safety staff member gets in a self-driving robotaxi on October 13, 2020, in Beijing, China, a few days after Baidu launched trial operations of its Apollo Robotaxi. Zhao Jing | Visual China Group | Getty Images BEIJING — Baidu can start collecting robotaxi fares in a part of Beijing from Thursday, the Chinese tech

Second Harvest Heartland workers distribute food in a recent truck to trunk event. As Covid-19 cases in Minneapolis surge, so has the demand for food, said CEO Allison O’Toole. Courtesy: Second Harvest Heartland The onset of the Covid-19 pandemic last year prompted millions of Americans to wait in long lines for food assistance in the

In this article GPS A pedestrian walks by the closed GAP flagship store on August 18, 2020 in San Francisco, California. Justin Sullivan | Getty Images Gap Inc. shares tumbled Tuesday after the company slashed its full-year outlook, with fiscal third-quarter results falling short as Covid-related factory closures led to significant product delays in the

In this article RKLB A look at the company’s production floor shows a series of Electron boosters, with the typical black carbon fiber rockets in the foreground and a metallic-looking reusable booster in the center. Rocket Lab Rocket Lab CEO Peter Beck was once confident that his company would never reuse its rockets like Elon

Art handlers hang Claude Monet’s “Coin du bassin aux nymphas” at Sotheby’s on November 5, 2021 in New York City. Angela Weiss | AFP | Getty Images The fall art auctions in New York set an all-time record, as a surge in global wealth, growing inflation fears and the continued collectibles craze boosted demand and

In this photo illustration of the ripple cryptocurrency ‘altcoin’ sits arranged for a photograph on April 25, 2018 in London, England.  Jack Taylor | Getty Images News | Getty Images Fintech company Ripple is making great strides in its legal feud with the U.S. Securities and Exchange Commission, CEO Brad Garlinghouse told CNBC on Monday.

Jeff Zients, White House Covid-19 coordinator, speaks during a news conference at the White House on April 13, 2021. Leigh Vogel | Bloomberg | Getty Images The Biden administration has no plans to curb future Covid-19 surges using a nationwide lockdown, White House coronavirus response coordinator Jeff Zients said at a briefing Monday. Zients’ comments

Audiologist examining a patient’s ear. Westend61 | Westend61 | Getty Images Some significant changes to Medicare could be on their way. With the House passage of the $1.7 trillion Build Back Better Act on Friday, provisions that would improve Medicare have moved a step closer to becoming law. The Senate must still pass its version

In this article M The entrances at Macy’s are decorated with Christmas decorations on December 04, 2020 in New York City. Roy Rochlin | Getty Images Entertainment | Getty Images Macy’s on Thursday reported fiscal third-quarter earnings and sales that topped analysts’ expectations, leading the department store chain to raise its full-year forecast ahead of

High-rise apartment buildings at China Evergrande Group’s under-construction Riverside Palace development in Taicang, Jiangsu province, China, on Friday, Sept. 24, 2021. Qilai Shen | Bloomberg | Getty Images Asian high-yield bonds have been a hot favorite among institutional investors for the last few years. Also known as junk bonds, they are non-investment grade debt securities

In 2016, my family and I packed our bags and moved from Chicago to Mazatlán, Mexico. After my mother passed away unexpectedly, my husband and I realized that life is too short to put off building the life we wanted. We had about $20,000 in our savings, which was more than enough to get by

In this article BA MRNA HOOD .BBKA FL Moderna’s sign is seen outside of their headquarters in Cambridge, MA on March 11, 2021. Boston Globe | Getty Images Check out the companies making headlines in midday trading. United Airlines, Boeing — Shares of travel-related stocks dipped after Austria announced earlier in the day that it would

In this article AMZN MSFT PLTR Women are significantly underrepresented in STEM professions and for the few who are pursuing science, technology, engineering or math careers – there are a lot of financial challenges. That’s why a lot of companies and organizations are offering scholarships and other financial assistance to help bridge this gender gap

Chesnot | Getty Images As the end of the year approaches, there are still ways to reduce cryptocurrency tax bills, financial experts say. The IRS generally defines cryptocurrency as property for tax purposes, and investors must pay levies on the difference between the purchase and sales price.  If there’s a profit on assets held for less than

In this article KSS Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s on Thursday said sales rose 16% in the fiscal third quarter, as shoppers turned to its stores and website for clothes and makeup. The department store raised its

In this article M0Y-DE A rendering of the company’s laser communications system on satellites in orbit. Mynaric German laser communications company Mynaric listed on the Nasdaq in the past week and CEO Bulent Altan, a former SpaceX executive, spoke to CNBC about the company’s U.S. debut and plans for further growth. The company raised $75.9

Speaker of the House Nancy Pelosi, D-Calif., presides over the vote for the Build Back Better Act at the U.S. Capitol on Nov. 19, 2021. Anna Moneymaker | Getty Images News | Getty Images The House of Representatives passed legislation Friday that would curb how wealthy Americans use retirement plans. The new rules are part

An illustration showing physical bitcoins alongside binary code displayed on a laptop. Jakub Porzycki | NurPhoto via Getty Images LONDON — Investors have lost billions of dollars to criminals targeting so-called “decentralized finance” platforms this year. According to a report from London-based firm Elliptic, more than $10 billion worth of user funds has been stolen

Macy’s CEO Jeff Gennette told CNBC’s Jim Cramer on Thursday the retailer has not reached any predetermined conclusions about spinning out its e-commerce unit into a separate company, a move that activist shareholder Jana Partners hopes to see taken. Gennette’s comments in a “Mad Money” interview came after Macy’s announced earlier Thursday it had brought

David Espejo | Moment | Getty Images Many Americans are suffering from sticker shock after seeing prices rise in recent months. A new survey from Country Financial finds that 88% of Americans are highly concerned about inflation. That’s as consumer prices soared to a more than 30-year record high in October, as measured by a

In this article NVDA Nvidia stock rose over 3% after the reported earnings on Wednesday for its third fiscal quarter that beat expectations for both earnings and sales. The company also issued a bullish forecast for revenue in the current quarter ending in January. Here’s how it did versus Refinitiv consensus expectations for the quarter

(Click here to subscribe to the new Delivering Alpha newsletter.) Private equity is one of the few asset classes that’s been able to outperform even public equities during the bull market. And the sector is reaping the benefits of that outperformance with 529 firms in the space raising an aggregate equity volume of $1.4 trillion over a

Elizabeth Holmes, founder of Theranos Inc., exits federal court in San Jose, California, on Tuesday, Aug. 31, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — A hedge fund manager who put $96 million into Theranos said he thoroughly investigated the company but was still misled by CEO Elizabeth Holmes about

Bridgewater Associates Chairman Ray Dalio attends the China Development Forum in Beijing, China March 23, 2019. Thomas Peter | Reuters BEIJING — American hedge fund manager Ray Dalio is launching a new China fund through a local subsidiary, according to a report in China’s Securities Times, citing sources. The fund aims to raise more than

CNBC’s Jim Cramer said Tuesday he’s encouraged by a number of inflation-related developments, contending they lend further credence to Federal Reserve Chairman Jerome Powell’s outlook that many price pressures will be temporary. The “Mad Money” host pointed to declines in prices for chemicals that serve as economic “building blocks” such as polyethylene, as well as

LeoPatrizi | E+ | Getty Images Rising inflation has Americans worried about purchasing power and their retirement plans. Yet there are some opportunities to make and save money in this environment, as well as protect your investments. “Now is a great time to review your portfolio to make sure your investment allocation is set up

In this article LCID Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Shares of Lucid Group jumped by more than 5% during afterhours trading after the electric vehicle start-up announced a notable increase in vehicle reservations

In this article MNDY NIO ZNGA SNPO DDOG Chinese electric vehicle start-up Nio Inc’s first employee Tianshu LI, and company’s leadership team celebrate at the New York Stock Exchange (NYSE) Opening Bell to commemorate the company’s initial public offering (IPO) at the NYSE in New York, September 12, 2018.  Brendan McDermid | Reuters Markets are

skynesher | E+ | Getty Images A lawyer may be your first call when you decide you want a divorce, but a financial advisor should be your second. In many cases, a divorce has more impact on a person’s current and future financial well-being than any other event in their lives. Sound financial planning may

A trader works on the floor of the New York Stock Exchange (NYSE) November 8, 2021. Brendan McDermid | Reuters U.S. stock futures were steady in overnight trading on Sunday as investors prepared to start the week after the S&P 500 broke a five-week winning streak. Dow futures rose about 30 points. S&P 500 futures