U.S. President Joe Biden speaks during an event in the South Court Auditorium of the White House June 2, 2021 in Washington, DC. Alex Wong | Getty Images The Biden administration plans to confirm Tuesday that it won’t likely hit President Joe Biden’s goal of getting 70% of American adults to receive one vaccine shot
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Oliver Contreras/Sipa/Bloomberg via Getty Images The U.S. would tax capital gains and dividends for the rich at among the highest rates in the developed world if President Joe Biden’s proposal were enacted. The top rate high-earning Americans pay on dividends and the sale of appreciated assets would jump to nearly 49%, when combining all federal
A medical worker receives the Covid-19 vaccine at the First Affiliated Hospital of Sun Yat-sen University on April 7, 2021 in Guangzhou, Guangdong Province of China. Southern Visual | Visual China Group | Getty Images GUANGZHOU, China — China has administered more than a billion doses of its Covid-19 vaccines, a key milestone in the
In this article Traders on the floor of the New York Stock Exchange, June 18, 2021. Source: NYSE Stock futures dipped slightly on Sunday to kick off a new week of trading after the Dow posted its worst week since October. Futures on the Dow Jones Industrial Average fell 66 points, or 0.20%. S&P 500
Procter & Gamble celebrates Pride with branded trikes and employees in the World Pride Parade on June 30, 2019 in New York City. Bryan Bedder | Getty Images More than ever, brands are signaling support for the LGBTQ+ community during Pride month. But experts say that true support has to come from more than a
St. Louis Federal Reserve President James Bullard told CNBC on Friday that he sees an initial interest rate increase happening in late-2022 as inflation picks up faster than previous forecasts had anticipated. That estimate is even quicker than the outlook the broader Federal Open Market Committee released Wednesday that caused a hit to financial markets.
A 2021 Jeep Grand Cherokee L scales a rocky hill at Stellantis’ Chelsea Proving Grounds in Michigan. Michael Wayland / CNBC CHELSEA, Mich. – Jim Morrison smiles as he hears the piercing noise of rocks scraping the undercarriage of the Jeep he’s driving. “The most important thing for us at Jeep is to prove our
Damien Vanderwilt, co-president of Galaxy Digital, Mike Novogratz founder of Galaxy, and Chris Ferraro, co-president of Galaxy Source: Galaxy Digital Goldman Sachs‘s efforts to help hedge funds and other big institutional clients wager on bitcoin have taken a step forward. The bank has begun trading bitcoin futures with Galaxy Digital, the crypto investment firm founded
In this article ARKK CNBC’s Jim Cramer said Friday that Ark Invest’s stock-moving influence appears to be waning — at least for now. Ark Invest’s family of exchange-traded funds were some of the best performers on Wall Street last year, but have not fared well in 2021 as investors rotated away from high-growth stocks and
In this article JPM LEN TK NVDA C FOXA A sign is posted in front of the NVIDIA headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan/Getty Images Check out the companies making headlines in midday trading. Nvidia — Shares of Nvidia gained 2.3% after Bank of America raised its price target on
In this article NBA LeBron James of the Los Angeles Lakers at a game against the LA Clippers at ESPN Wide World Of Sports Complex on July 30, 2020 in Lake Buena Vista, Florida. Mike Ehrmann | Getty Images The biggest star in the National Basketball Association isn’t happy about the current state of league.
BEIJING — Chinese dancer and TV host Jin Xing is confident the entertainment industry will return to normal, and that the arts will be more prized post-pandemic. In China, where stringent lockdowns helped control the domestic spread of Covid-19 within months, Jin’s private dance company was able to resume national touring last year, she told
In this article QSR-CA Burger King’s new chicken sandwich “Ch’King” is seen on display in New York, NY, May 19, 2021. Aleksandra Michalska | Reuters When Burger King launched the Ch’King nationwide earlier in June, it wasn’t just releasing a new chicken sandwich. It was also marking a shift in the burger chain’s menu strategy,
In this article JPM Sign for J.P. Morgan on 7th March 2020 in London, United Kingdom. JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York. Mike Kemp | Getty Images LONDON — JPMorgan said Thursday it has agreed to buy British online investment management platform
Dutch airline KLM said it intends to reinstate almost all of its international routes this year as vaccine rollouts offer hopes of revival for the travel industry. KLM’s president and CEO Pieter Elbers told CNBC the carrier will also add a new route to Saudi Arabia’s capital Riyadh, even as the capacity and frequency of
A child passes by the Marriner S. Eccles Federal Reserve Board Building on Constitution Avenue, NW, on Monday, April 26, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images Members of the Federal Reserve now see two interest rate hikes in 2023, according to the central bank’s so-called dot-plot projections. Wednesday’s forecast showed 13
In this article GM GM CEO and chairman Mary Barra speaks during an “EV Day” on March 4, 2020 at the company’s tech and design campus in Warren, Mich., a suburb of Detroit GM DETROIT – General Motors said on Wednesday it will increase spending on electric and autonomous vehicles to $35 billion through 2025,
Signage for the Stock Exchange of Thailand (SET) is displayed outside the bourse in Bangkok, Thailand, on Monday, Oct. 26, 2020. Taylor Weidman | Bloomberg via Getty Images Thailand could see a record number of IPOs this year, says Dealogic’s Ken Fong. Data shows it’s been a standout in Southeast Asia’s public listing space. “Thailand