Business

Ken Griffin speaking at the 2018 Delivering Alpha Conference in New York on July 18th, 2018. David A. Grogan | CNBC Ken Griffin, the billionaire CEO of hedge fund Citadel, defended his $2 billion investment in short seller Gabe Plotkin’s Melvin Capital last month amid the height of the GameStop mania. “No, I think Gabe

A cluster of islands in the northernmost region of the Philippines is so remote that they are actually closer to Taiwan than to most parts of the Philippines. The islands sit 100 miles north of Luzon, the country’s largest and most populous island and home to the capital city of Manila. Yet, they couldn’t be

The second dose of Covid-19 vaccine is crucial in creating longer and complete immunity as well as preventing variants of the virus, according to Dr. Paul Offit, director of the Vaccine Education Center at Children’s Hospital of Philadelphia. “We need to know that this is a two-dose vaccine, period,” Offit told CNBC’s “The News with Shepard

A woman wearing a face mask walks past a sign informing customers that face coverings are required in front of a Walmart store in Washington, DC on July 15, 2020. Andrew Caballero-Reynolds | AFP | Getty Images Walmart wants to tap what it sees as its greatest asset: its reach. Every month, 160 million customers

President Joe Biden participates in a CNN town hall in Milwaukee on Feb. 16, 2021. Leah Millis | Reuters President Joe Biden has essentially ruled out canceling $50,000 in student debt per person —disappointing some student borrowers who were counting on that help. “I didn’t have my hopes up,” said Joshira Maduro, 30. The research

Jeff Lawson CEO, Twilio Scott Mlyn | CNBC Twilio shares rose more than 12% in extended trading on Wednesday after the cloud communications company reported better-than-expected fourth-quarter results, including a surprise adjusted profit. Here’s how the company did: Earnings: 4 cents per share, adjusted, vs. loss of 8 cents per share as expected by analysts,

Kevin O’Leary, co-founder of O’Shares ETFs, told CNBC on Wednesday he’s started to day trade alongside users of Reddit’s WallStreetBets forum in hopes of better understanding the online community that played a key role in the recent GameStop short squeeze. In an interview on “Squawk Box,” O’Leary said he put $10,000 into an account with

To quarantine or not to quarantine — that is the question. Or at least it has been for countries deliberating how to handle incoming international travelers. But that changed last month when Sri Lanka reopened its borders with a requirement unlike any country that had opened before it —  one that neither grants travelers free

U.S. stock index futures were little changed in overnight trading on Tuesday after the Dow closed at a record high. Futures contracts tied to the Dow Jones Industrial Average gained 11 points. S&P futures were unchanged, while Nasdaq 100 futures slid 0.13%. The move comes after the Dow closed at a record high during regular

An aerial view over downtown West Palm Beach, where RH in December 2017 opened an 80,000-square-foot, mansion-like store with a rooftop restauratnt. Source: Indiehouse Films WEST PALM BEACH, Fla. — Retailers, restaurants and other business owners want to be where the people are. And people are moving to South Florida in droves. Some are taking

ljubaphoto The 2020 tax season is officially underway, and the millions of Americans who collected unemployment benefits last year due to the coronavirus pandemic may be in for a surprise. That unemployment income is taxable, and if you didn’t have money set aside or withheld for those taxes, it could reduce your refund or even

Bob Chapek, CEO of the Walt Disney Company and former head of Walt Disney Parks and Experiences, speaks during a media preview of the D23 Expo 2019 in Anaheim, California, Aug. 22, 2019. Patrick T. Fallon | Bloomberg via Getty Images Disney is set to report earnings for the first quarter of 2021 after the

EBay Inc. signage is displayed at the entrance to the company’s headquarters in San Jose, Calif. David Paul Morris | Bloomberg | Getty Images Is the market gearing up for a pullback? A correction for stocks could be on the horizon, says strategists from Bank of America, but this isn’t necessarily a bad thing. “We

Scientists, politicians, youth activists and business leaders are talking about the dire consequences of climate change. But for the average person sitting on their couch, it can be hard to understand what is so urgent and why it matters to their life. In his new book, “How to Avoid a Climate Disaster,” billionaire Bill Gates

Luis Alvarez The GameStop bubble has come and gone but the rookie investors who speak emoji and Reddit may be here to stay with big implications for brokerage firms, as well as traditional investors who must pay closer attention to where this fast-moving, smartphone app-wielding crowd is moving next. “We believe some of the new

Dr. Virginia Banks, an infectious disease specialist, is part of a group of Black physicians and scientists who are focused on ways to solve health-care disparities. Dr. Virginia Banks Dr. Virginia Banks says if the U.S. really wants to bring the pandemic to an end, it’s going to take mobile vans of vaccines in neighborhoods

Getty Images This tax season may end up being even less fun for many filers. On top of figuring out how Covid relief might affect their return, those complications could result in more taxpayers making mistakes and hearing from the IRS, experts say. And depending on the specifics, it could mean a smaller refund or

An employee cleans the grounds behind the closed gates of Disneyland Park on the first day of the closure of Disneyland and Disney California Adventure theme parks, in Anaheim, California, on March 14, 2020. DAVID MCNEW | AFP | Getty Images Disney took another financial hit during its fiscal first-quarter, as restrictions on attendance at its

Source: AppHarvest Company: AppHarvest Inc. (APPH) The agriculture technology company focuses on building an indoor farm in Appalachia. The company combines agricultural techniques with cutting-edge technology and including access for all to nutritious food, farming and building a homegrown food supply. The company operates a 60-acre controlled environment, agriculture facility in Morehead, Kentucky, which grows

Self-made billionaire Mark Cuban says new innovations and companies will come out of the pandemic, creating an “America 2.0,” as he calls it. “At the beginning of the pandemic, as awful as it’s been, I talked about companies that we’re going to look back [on] in 10 or 15 years that were created” during this

Senator Amy Klobuchar speaks at the Democratic 2020 U.S. presidential candidates debate at Saint Anselm College in Manchester, New Hampshire, U.S., February 7, 2020. Brian Snyder | Reuters There is growing hostility to mergers and acquisitions (M&A) among an increasing number of policymakers in Washington, D.C. Last year, some in Congress called for a merger

McDonald’s Chicken Sandwich Source: McDonald’s McDonald’s is looking to win the chicken sandwich wars with lower prices, while Restaurant Brands International’s Burger King is still figuring out its strategy, according to a Credit Suisse report. In August of 2019, Burger King’s sister chain Popeyes kicked off the chicken sandwich wars with the launch of its

MartinPrescott | E+ | Getty Images Don’t count on having extra time to get your tax return filed this year like you did in 2020. The IRS said Thursday it has no plans to extend the standard filing deadline of April 15. This comes despite the agency delaying the start date for accepting returns to

Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ estimates, fueled by the growth of its snacks and drinks. On the heels of its strong quarter, the Frito-Lay owner said that it expects its 2021 results to

The Bank of New York Mellon on Wall Street, New York. Scott Mlyn | CNBC Bank of New York Mellon, the nation’s oldest bank, said Thursday that it will begin financing bitcoin and other digital currencies. The custody bank will eventually allow digital currencies to pass through the same financial network it currently uses for

It’s often said that remote workers can work from anywhere where there’s an internet connection. But tell that to someone who wants to live and work in Bangkok or Bali right now. The coronavirus pandemic has pushed millions of workers from their offices into their homes — and many have decided they want to change

U.S. stock index futures moved higher during overnight trading on Wednesday as stocks looked to build on February’s momentum. Futures contracts tied to the Dow gained 34 points, or 0.09%. S&P 500 futures and Nasdaq 100 futures rose 0.06% and 0.07%, respectively. The move comes after the Dow advanced 63 points during regular trading hours

An employee outside a Target store in Clifton, N.J. Adam Jeffery | CNBC Target will join a growing list of companies that are offering extra pay and other incentives to try to nudge employees to get a Covid-19 vaccine. The retail chain said Wednesday that it will offer all of its hourly employees up to

sturti | E+ | Getty Images Democrats are forging ahead with plans to send millions of Americans $1,400 stimulus checks. Their most recent proposal sheds light on just who could be eligible for the money once it’s approved. The House of Representatives unveiled its legislative drafts on Monday. Democrats, under the leadership of President Joe